Earnings Preview: Rockwell Automation

Nov. 7.11 | About: Rockwell Automation, (ROK)

Rockwell Automation (NYSE:ROK) is expected to report Q4 earnings before the market open on Tuesday, November 8 with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for EPS of $1.21 on revenue of $1.55B. The consensus range is $1.16-$1.25 for EPS, and $1.53B-$1.57B for revenue, according to First Call. The company has met or exceeded EPS and revenue estimates for the past four quarters. On its Q3 earnings report, it guided FY11 EPS to $4.55-$4.65 from a prior view of $4.40-$4.60, vs. a consensus of $4.58. At the same time, it guided FY11 revenue to $5.9B from prior $5.7B-$5.8B vs. consensus $5.82B. The company cited strong first half performance, which it expected to carry into the second half. Recent sentiment on the street has been mixed with several upgrades and downgrades over the past three months. The stock has traded in a V-shaped pattern with a downward bias since Q3 numbers were released in late July. The shares made a 52-week low of $50.36 in late September and have rebounded approximately 36% over the past six weeks.