Earnings Preview: Tyco International

| About: Tyco International (TYC)

Tyco International (NYSE:TYC) is expected to report Q1 earnings before the market open on Thursday, January 27 with a conference call scheduled for 8:30 am ET.


Analysts are looking for EPS of 68c on revenue of $4.34B. The consensus range is 66c-71c for EPS, and $4.31B-$4.42B for revenue, according to First Call. Tyco reported positive Q4 results, beating EPS and revenue estimates. On December 14, the company reiterated FY11 EPS guidance of $2.85-$2.95 vs. consensus $2.94. Sentiment on the street has been positive since Q4 results were released, with several upgrades. On November 18, Deutsche Bank named Tyco as a top pick and saw upside potential to $47 a share.

Analyst Views

On January 7, J.P. Morgan upgraded Tyco to an Overweight from a Neutral and raised their target price to $50 from $43. Due to the positive sentiment, the shares have moved approximately 16% higher since Q4 results were released, hitting a 52-week high of $45.37 earlier this month.