Terex Corp (TEX) Earnings Preview For Wednesday's Release
Terex (NYSE:TEX) is on tap to release last fiscal quarter's results after the closing bell on February 15, 2012.
Who They Are:
Terex Corporation manufactures and markets machinery products, equipment, and related replacement parts and components for construction, quarrying, mining, shipping, transportation, refining, energy, and utility industries. The company was founded in 1925 and is based in Westport, Connecticut. Terex Corp trades an average of 4.3 million shares per day and has a marketcap of $2.5 Billion.
52 Week High: $38.50
52 Week Low: $9.30
Book Value: $18.31
Float Short: 19.02%
What To Expect:
On average, 15 analysts are expecting a drop of $-0.05 in earnings per share compared to last quarter's results of $0.30. The reporting quarter's estimated mean earnings are $0.25 per share .
Analyst estimates range between $0.20 and $0.41 per share.
Here is a look at the fiscal year revenue for Terex.
Recent Stock and Valuation Performance:
The P/E ratio has been under pressure, as the current trailing twelve months P/E ratio is 280.9, while the forward P/E ratio is now 13.54. An upside earnings report may provide greater wind in the sails.
The stock has moved higher in price 36.54% in the last month, and changing from last year at this time -38.97%.
With a double digit gain compared to stocks in general, the stock shares did very well as compared to the overall stock market. When comparing to the S&P 500, the year up to date change is 53.57%.
For the same fiscal period year-over-year, revenue has improved to $4.42 billion for 2010 vs. $3.86 billion for 2009. The bottom line has rising earnings year-over-year of $358.50 million for 2010 vs. $-398.40 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $-73.80 million for 2010 vs. $-401.70 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure the bottom line is keeping up with the top line.
The short interest is relatively high at 19.02%.
Here is the last few quarters to get an idea how well they perform compared to estimates
Reported earnings per share compared to the mean estimate. Differences are rounded.
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