Earnings Preview: Tyco International

Apr.25.12 | About: Tyco International (TYC)

Tyco International (NYSE:TYC) is expected to report Q2 earnings before the market open on Thursday, April 26 with a conference call scheduled for 8:00 am ET.


Analysts are looking for EPS of 79c on revenue of $4.22B. The consensus range is 77c-81c for EPS, and $4.16B-$4.3B for revenue, according to First Call. Tyco reported mixed Q1 results, beating EPS but missing revenue estimates. On its Q1 report, CEO Ed Breen commented, "We are making good progress with our plan to separate Tyco into three stand-alone public companies and we remain on track to complete the proposed transaction by the end of our FQ4." Sentiment has been mostly positive over the past three months with several upgrades and price target raises. The shares have traded modestly higher in the past several months, making a fresh 52-week high of $56.66 in late March. Since early October of last year, the stock is up approximately 47%, discounting a wealth of positive news.