Rockwell Automation (ROK) is expected to report Q3 earnings before the market open on Thursday, July 28 with a conference call scheduled for 8:30 am ET.
Analysts are looking for EPS of $1.19 on revenue of $1.48B. The consensus range is $1.16-$1.25 for EPS, and $1.42B-$1.50B for revenue, according to First Call. The company has met or exceeded EPS and revenue estimates for the past four quarters. On its Q2 earnings report, it raised the bottom of its FY11 EPS guidance to $4.40-$4.60 from $4.30-$4.60 vs. consensus $4.53. At the same time, it raised its FY11 EPS view to $5.7B-$5.8B vs. consensus $5.67B. The company cited strong first half performance which it expected to carry into Q3. Recent sentiment on the street has been mixed. The stock has traded sideways with a downward bias since Q2 numbers were released, retreating from a two-year high made in late April.