Earnings Preview: Industrial Goods Companies Reporting Tuesday

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 |  Includes: AAON, FTEK, MYRG, PRIM
by: Robert Weinstein

Primoris Services Corp (NASDAQ:PRIM) is due to report earnings before the opening bell on November 8, 2011. Below you can see the results of PRIM over the last few earnings periods.

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and product engineering services. The company was founded in 1946 and is headquartered in Dallas, Texas.

52-Week High: $14.75
52-Week Low: $7.83
Book Value: $4.82
Float Short: 5.47%

On average, analysts are expecting a drop of $-0.08 in earnings per share compared to last quarter's results of $0.28. A beat of $0.20 per share will top the estimated mean earnings. Analyst estimates range between $0.18 and $0.23 per share.

The stock has moved higher in price 25.40% in the last month, with a one-year change of 78.10%.

The stock is performing extremely well when compared to the general stock market up to this point. When comparing to the S&P 500, the year up to date positive change is 47.07%.

The company has rising revenue year-over-year of $941.77 million for 2010 vs. $467.01 million for 2009. The bottom line has rising earnings year-over-year of $33.62 million for 2010 vs. $25.91 million for 2009. The company's earnings before income and taxes are rising ,with an EBIT year-over-year of $57.80 million for 2010 vs. $40.40 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for PRIM Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 333.73 M $ 351.96 M $ 18.23 M 5.46%
Mar-11 $ 305.90 M $ 359.64 M $ 53.74 M 17.57%
Dec-10 $ 281.26 M $ 333.24 M $ 51.98 M 18.48%
Sep-10 $ 213.98 M $ 230.36 M $ 16.38 M 7.65%
Jun-10 $ 201.70 M $ 203.19 M $ 1.49 M 0.74%
Click to enlarge
M = millions, B = billion.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results PRIM Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for PRIM:

paid2trade.com short interest tool. The total short interest number of shares for PRIM Click to enlarge

The number of days to cover short interest based on average daily trading volume for PRIM.

paid2trade.com number of days to cover short interest based on average daily trading volume for PRIM Click to enlarge

Fuel Tech Inc. (NASDAQ:FTEK) is scheduled to release last fiscal quarter's results before the opening bell on November 8, 2011.

Fuel Tech, Inc. uses a suite of advanced technologies to provide boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company was founded in 1987 and is headquartered in Warrenville, Illinois.

52-Week High: $11.20
52-Week Low: $3.77
Book Value: $3.60
Float Short: 5.64%

Analysts are expecting an improvement of $0.03 in earnings per share compared to last quarter's results of $0.01. Investors will be looking to see a number north of $0.04 per share, based on the earnings estimates. Analyst estimates range between $0.02 and $0.06 per share. The current trailing twelve months (ttm) P/E ratio is 40.6 The forward P/E ratio is 34.8.

In the last month, the stock has increased in price 5.18%, with a one-year change of -6.57%. When comparing to the S&P 500, the year-to-date difference is -41.56%.

Revenue year-over-year has increased to $81.80 million for 2010 vs. $71.4 million for 2009. The bottom line has rising earnings year-over-year of $1.75 million for 2010 vs. $-2.31 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $3.94 million for 2010 vs. $-3.08 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for FTEK Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 22.18 M $ 19.02 M $ -3.16 M -14.25%
Mar-11 $ 20.79 M $ 22.62 M $ 1.83 M 8.8%
Dec-10 $ 21.28 M $ 25.00 M $ 3.72 M 17.48%
Sep-10 $ 20.19 M $ 20.28 M $ 0.09 M 0.45%
Jun-10 $ 16.58 M $ 18.90 M $ 2.32 M 13.99%
Click to enlarge
M = millions, B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results FTEK Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for FTEK:

paid2trade.com short interest tool. The total short interest number of shares for FTEK Click to enlarge

The number of days to cover short interest based on average daily trading volume for FTEK.

paid2trade.com number of days to cover short interest based on average daily trading volume for FTEK Click to enlarge

MYR Group Inc. (NASDAQ:MYRG) is scheduled to release last fiscal quarter's results after the closing bell on November 8, 2011.

MYR Group Inc., through its subsidiaries, provides utility and electrical construction services in the continental United States. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The company was founded in 1891 and is based in Rolling Meadows, Illinois.

52-Week High: $26.54
52-Week Low: $13.75
Book Value: $10.04
Float Short: 3.91%

The reporting quarter's estimated mean earnings are $0.25 per share. Analyst estimates range between $0.20 and $0.29 per share. The current trailing twelve months (ttm) P/E ratio is 23.5 The forward P/E ratio is 20.9.

In the last month, the stock has increased in price 6.62%, and 25.78% from one year ago. When comparing to the S&P 500, the year-to-date difference is -2.94%.

Revenue year-over-year has decreased to $597.08 million for 2010 vs. $631.17 million for 2009. The bottom line has falling earnings year-over-year of $16.12 million for 2010 vs. $17.24 million for 2009. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $26.51 million for 2010 vs. $27.52 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for MYRG Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 159.36 M $ 185.31 M $ 25.95 M 16.28%
Mar-11 $ 151.44 M $ 150.29 M $ -1.15 M -0.76%
Dec-10 $ 154.90 M $ 155.14 M $ 0.24 M 0.15%
Sep-10 $ 153.79 M $ 152.77 M $ -1.02 M -0.66%
Jun-10 $ 162.96 M $ 140.29 M $ -22.67 M -13.91%
Click to enlarge
M = millions, B = billions.

The number of days to cover short interest based on average daily trading volume for MYRG.

paid2trade.com number of days to cover short interest based on average daily trading volume for MYRG Click to enlarge

AAON, Inc. (NASDAQ:AAON) is anticipated to report earnings before the opening bell on November 8, 2011.

AAON, together with its subsidiaries, engages in the manufacture and sale of air conditioning and heating equipment primarily in the United States and Canada. The company was founded in 1987 and is based in Tulsa, Oklahoma.

52-Week High: $24.23
52-Week Low: $14.64
Book Value: $4.87
Float Short: 11.35%

Analysts are expecting an improvement of $0.06 in earnings per share compared to last quarter's results of $0.15. Investors will be looking to see a number north of $0.21 per share, based on the earnings estimates.

The stock has moved higher in price 23.23% in the last month, and 33.57% from one year ago.

The stock has done very well as compared to the overall market. When comparing to the S&P 500, the year to date difference is 18.14%.

Revenue year-over-year has decreased to $244.55 million for 2010 vs. $245.28 million for 2009. The bottom line has falling earnings year-over-year of $21.89 million for 2010 vs. $27.72 million for 2009. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $32.72 million for 2010 vs. $43.75 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for AAON Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Dec-09 $ 47.56 M $ 54.23 M $ 6.67 M 14.02%
Sep-09 $ 68.88 M $ 58.49 M $ -10.39 M -15.08%
Jun-09 $ 73.02 M $ 68.60 M $ -4.42 M -6.05%
Mar-09 $ 64.07 M $ 63.97 M $ -0.10 M -0.16%
Dec-08 $ 61.88 M $ 60.21 M $ -1.67 M -2.7%
Click to enlarge
M = millions, B = billion.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results AAON Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for AAON:

paid2trade.com short interest tool. The total short interest number of shares for AAON Click to enlarge

The number of days to cover short interest based on average daily trading volume for AAON.

paid2trade.com number of days to cover short interest based on average daily trading volume for AAON Click to enlarge

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.