ITT Earnings Estimate $ITT

Earnings Overview for ITT Corporation (ITT) upcoming performance release
ITT Corporation (ITT) is expected to report earnings for last fiscal quarter before the opening bell on October 28, 2011.

ITT trades an average of 2 million shares per day.

ITT Corporation designs, manufactures, and sells a range of engineered products, and provides related services worldwide. The company was founded in 1920 and is based in White Plains, New York.

52 Week High: $64.00
52 Week Low:  $39.63
Book Value:    $26.87
Float Short:      2.22%

According to EDGAR Online, on average, 14 analysts are expecting the same in earnings as the last quarter of $1.18. The number to beat is $1.18 per share , based on the estimated mean earnings. Analyst estimates range between $1.13 and $1.38 per share.

The P/E ratio has come down, as the current trailing twelve months (ttm) P/E ratio is 11.6, while the forward P/E ratio is now 9.1. It appears based on the lower PE that investors are pricing in less growth.
From a month ago, the stock has increased in price 0.85%, and -8.58% from one year ago.
When comparing to the S&P 500, the year to date difference is -13.56%.

For the same fiscal period year-over-year, revenue has improved to $11.00 billion for 2010 vs. $10.67 billion for 2009. The bottom line has rising earnings year-over-year of $798.00 million for 2010 vs. $644.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $900.00 million for 2010 vs. $894.00 million for 2009.

Here is a look at the fiscal year revenue.

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

M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS)

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

The total short interest number of shares for ITT

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

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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.