Optimism surrounds Johnson Controls, as it gets ready to report its fourth quarter results on Thursday, October 30, 2014. Analysts are expecting the company to book a profit of $1.01 a share, up from 95 cents a year ago.
For the fiscal year, analysts are projecting earnings of $3.17 per share. Revenue is projected to be $11.18 billion for the quarter, 1% above the year-earlier total of $11.05 billion. For the year, revenue is projected to come in at $43.15 billion.
A decline in revenue in the third quarter snapped a streak of three consecutive quarters of growing revenue.
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 94%. The quarter with the biggest boost was the fourth quarter, which saw a threefold surge.
Earnings estimates provided by Zacks.
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