Rockwell Automation (NYSE:ROK) is expected to report Q2 earnings before the market open on Wednesday, April 27 with a conference call scheduled for 8:30 am ET.
Analysts are looking for EPS of $1.12 on revenue of $1.41B. The consensus range is $1.04-$1.21 for EPS, and $1.34B-$1.45B for revenue, according to First Call. The company has met or exceeded EPS and revenue estimates for the past four quarters. On its Q1 earnings report, it raised its FY11 EPS guidance to $4.30-$4.60 vs. consensus $4.53. The company also forecast FY11 revenue of $5.5B-$5.7B vs. consensus $5.67B. Recent sentiment on the street has been positive.
On April 14, Wells Fargo said the company experienced strong demand trends late in Q2. They expect Rockwell to report slightly higher than expected Q2 results and maintained an Outperform rating on the shares. The stock has had an impressive run since Q1 numbers were released, climbing roughly 30% and touching a recent 52-week high of $98.19.