Net income for the third quarter of fiscal year 2012 is estimated to come in at $881.1 million, or 47 cents per share, as compared to $875 million, or 45 cents per share, in the year-ago quarter, according to analysts polled by Bloomberg. Sales are seen increasing by 2% to $15.7 billion from the third quarter of fiscal year 2011. Gross margin is seen increasing by 15% to 22.42%, while cash flow per share is estimated to increase by 64% to 77 cents. Return on assets and equity is seen expanding by 284 basis points to 8.83%.
Of the 38 analysts covering the stock, 53% recommend a buy and 34% suggest a hold. Analysts polled by Bloomberg expect the stock to gain almost 15.8% to $17.32 from current levels over the next 12 months.