Posted Jul 26th 2008 12:40PM by Trey Thoelcke
Filed under: Earnings reports, Yahoo! (YHOO), Apple Inc (AAPL), Pfizer (PFE), PepsiCo (PEP), Amazon.com (AMZN), Ford Motor (F), McDonald's (MCD), Caterpillar (CAT), American Express (AXP), Bank of America (BAC), Boeing Co (BA), Hershey Co (HSY), Kimberly-Clark (KMB), Wachovia Corp (WB), Washington Mutual (WM), Merck and Co (MRK), UAL Corp (UAUA), Texas Instruments (TXN), Crocs Inc (CROX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: The Q2 crunch continues
Posted Jul 20th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts
Was the optimism observed in last week's preview post rewarded? Well, as it turned out there were few negative surprises from the companies listed there, really just Advanced Micro Devices Inc. (NYSE: AMD) and narrow misses from Google Inc. (NASDAQ: GOOG) and Microsoft Corp. (NASDAQ: MSFT).
Again this week, in a list of earnings expectations for some prominent companies in a variety of sectors, we see an apparent optimism. That is, analysts are anticipating more earnings growth than earnings declines.
Analysts surveyed by Thomson Financial expect the following companies to report a rise in earnings when compared to the same period of the previous year.
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Apple Inc. (NASDAQ:
AAPL): $1.08 EPS (14.8%) on sales of $7.4 billion (+36.0%)
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Yahoo Inc. (NASDAQ:
YHOO): $0.12 EPS (8.3%) on sales of $1.4 billion (+10.5%)
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AT&T Inc. (NYSE:
T): $0.76 EPS (7.9%) on sales of $31.2 billion (+5.7%)
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PepsiCo Inc. (NYSE:
PEP): $1.02 EPS (7.8%) on sales of $10.5 billion (+9.4%)
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Pfizer Inc. (NYSE:
PFE): $0.54 EPS (22.2%) on sales of $11.5 billion (+3.5%)
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3M Co. (NYSE:
MMM): $1.35 EPS (8.9%) on sales of $6.7 billion (+9.0%)
- Merck & Co. (NYSE: MRK): $0.83 EPS (1.2%) on sales of $6.0 billion (-1.2%)
Continue reading The week in preview: More earnings crunch expectations
Posted Jul 19th 2008 2:40PM by Trey Thoelcke
Filed under: Earnings reports, Google (GOOG), Coca-Cola (KO), Intel (INTC), Nokia Corp. (NOK), JPMorgan Chase (JPM), Yum Brands (YUM), Mattel, Inc (MAT), Sun Microsystems (JAVA), Eaton Corp (ETN), Wells Fargo (WFC)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
For more highlights from this week, see: Citigroup, eBay, IBM, Merrill Lynch, Microsoft and others
The earnings crunch continues next week. Among companies scheduled to report are Apple (NASDAQ: AAPL), Bank of America (NYSE: BAC), Merck (NYSE: MRK), Texas Intruments (NYSE: TXN), Caterpillar (NYSE: CAT), Halliburton (NYSE: HAL), United Parcel Service (NYSE: UPS), Wachovia (NYSE: WB), Yahoo! (NASDAQ: YHOO), Amazon (NASDAQ: AMZN), Anheuser-Busch (NYSE: BUD), AT&T Inc. (NYSE: T), McDonald's (NYSE: MCD), PepsiCo (NYSE: PEP), Pfizer (NYSE: PFE), Boeing (NYSE: BA), Hershey (NYSE: HSY), and Southwest Airlines (NYSE: LUV).
Visit AOL Money & Finance for more earnings coverage.
Posted Jul 19th 2008 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Microsoft (MSFT), eBay (EBAY), International Business Machines (IBM), Citigroup Inc. (C), Johnson and Johnson (JNJ), Cintas Corp (CTAS), Merrill Lynch (MER), Procter and Gamble (PG), Kimberly-Clark (KMB), Allegheny Technologies (ATI), Harley-Davidson (HOG), United Technologies (UTX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
For more highlights from this week, see: Google, Intel, JPMorgan, Coca-Cola, Nokia and others
The earnings crunch continues next week. Among companies scheduled to report are Apple (NASDAQ: AAPL), Bank of America (NYSE: BAC), Merck (NYSE: MRK), Texas Intruments (NYSE: TXN), Caterpillar (NYSE: CAT), Halliburton (NYSE: HAL), United Parcel Service (NYSE: UPS), Wachovia (NYSE: WB), Yahoo! (NASDAQ: YHOO), Amazon (NASDAQ: AMZN), Anheuser-Busch (NYSE: BUD), AT&T Inc. (NYSE: T), McDonald's (NYSE: MCD), PepsiCo (NYSE: PEP), Pfizer (NYSE: PFE), Boeing (NYSE: BA), Hershey (NYSE: HSY), and Southwest Airlines (NYSE: LUV).
Visit AOL Money & Finance for more earnings coverage.
Posted Jul 13th 2008 12:40PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of New York (BK), BB and T (BBT), CIT Group (CIT), Merrill Lynch (MER), Comerica Inc (CMA), Wells Fargo (WFC)
After the implosion of IndyMac Bancorp (NYSE: IMB) and news of the deterioration of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) last week, there's bound to be a certain level of trepidation as the earnings crunch begins this coming week and many big financial companies report. Here's a look at what Wall Street was expecting (see The week in preview: Expectations as the earnings crunch begins for expectations of other reporting companies.)
Analysts surveyed by Thomson Financial are expecting the following of companies to report lower earnings when compared to the same period of the previous year.
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Comerica Inc. (NYSE:
CMA): 51 cents EPS (-59.2%) on sales of $680.2 million (-7.3%)
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BB&T Corp. (NYSE:
BBT): 69 cents EPS (-16.9%) on sales of $1.8 billion (+5.9%)
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U.S. Bancorp (NYSE:
USB): 60 cents EPS (-7.7%) on sales of $3.8 billion (+8.3%)
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Continue reading Financials expected to post earnings declines, losses this week
Posted Jul 13th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Google (GOOG), Microsoft (MSFT), eBay (EBAY), Coca-Cola (KO), Intel (INTC), International Business Machines (IBM), Schlumberger Limited (SLB), Nokia Corp. (NOK), Johnson and Johnson (JNJ), Advanced Micro Dev (AMD), Abbott Laboratories (ABT), Baxter Intl (BAX), Safeway Inc (SWY), Gannett Co (GCI), Yum Brands (YUM), Mattel, Inc (MAT), Nucor Corp (NUE), Contl Airlines'B' (CAL), Harley-Davidson (HOG), Economic data, Honeywell Intl (HON), United Technologies (UTX), Eaton Corp (ETN), Delta Air Lines (DAL)
As the second quarter earnings crunch begins in earnest this week, the bear market has investors jittery and prognosticators spinning out dire warnings. In the wake of mixed results from Alcoa (NYSE: AA) and General Electric (NYSE: GE) kicking things off last week, here's a look at what Wall Street is expecting from many of the companies scheduled to report this coming week.
Analysts surveyed by Thomson Financial are expecting the following companies to report a rise in earnings when compared to the same period of the previous year.
- Nucor Corp. (NYSE: NUE): $1.80 EPS (36.6%) on sales of $6.4 billion (+53.0%)
- Google Inc. (NASDAQ: GOOG): $4.74 EPS (24.9%) on sales of $3.9 billion (+41.6%)
- Nokia Corp. (NYSE: NOK): 56 cents EPS (23.2%) on sales of $19.9 billion (+17.8%)
- CSX Corp. (NYSE: CSX): 90 cents EPS (21.1%) on sales of $2.9 billion (+12.8%)
- Altera Corp. (NASDAQ: ALTR): 27 cents EPS (18.5%) on sales of $346.7 million (+8.4%)
- IBM (NYSE: IBM): $1.82 EPS (+17.6%) on sales of $25.9 billion (+9.0%)
- eBay Inc. (NASDAQ: EBAY): 41 cents EPS (17.1%) on sales of $2.2 billion (+18.0%)
- W.W. Grainger Inc. (NYSE: GWW): $1.46 EPS (17.1%) on sales of $1.7 billion (+8.0%)
- Microsoft Corp. (NASDAQ: MSFT): 47 cents EPS (17.0%) on sales of $15.7 billion (+17.0%)
- Honeywell International Inc. (NYSE: HON): 94 cents EPS (17.0%) on sales of $9.2 billion (+7.9%)
Continue reading The week in preview: Expectations as the earnings crunch begins
Posted Jul 12th 2008 12:40PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, General Electric (GE), Wal-Mart (WMT), Alcoa Inc (AA), Boeing Co (BA), Family Dollar Stores (FDO), Office Depot (ODP), Wachovia Corp (WB), Merck and Co (MRK), Marriott Intl'A' (MAR), Nordstrom, Inc (JWN)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: GE, Alcoa, Marriott, Pepsi Bottling, Wal-Mart, Boeing and others
Posted Jul 9th 2008 1:48PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Alcoa Inc (AA)
As the new earnings season kicked off, Alcoa Inc. (NYSE: AA) posted better-than expected results, despite a decline in earnings, and Pepsi Bottling Group (NYSE: PBG) topped Wall Street expectations as well. This just goes to show that there is some good news in earnings if you know where to look. Here are a few recent, less-prominent examples.
Flow International Corp. (NASDAQ: FLOW), which makes industrial waterjet equipment, swung to a better-than-expected fiscal fourth-quarter profit of $13.3 million, or 35 cents per share, helped by a boost in sales due to strong demand and an income tax benefit. Revenue rose 21% to $63.3 million. Shares are creeping up from a 52-week low of $6.81 a week ago.
Motor sports company International Speedway Corp.'s (NASDAQ: ISCA) second-quarter profit rose 41% to $26 million, or 52 cents per share. However, revenue slipped 3% to $174.9 million as admission and food and merchandise sales declined. Results fell short of Wall Street expectations, and shares fell to a 52-week low of $36.36.
Apparel and footwear company Wolverine World Wide Inc. (NYSE: WWW), second-quarter profit of $16.8 million, or 33 cents per share, topped Wall Street expectations, as strong international results linked to the weaker dollar largely offset increased product and freight costs. Revenue climbed 7% to $267.4 million. But shares fell $3.11 to $23.46 in morning trading.
Continue reading Finding positive earnings news in the new quarter
Posted Jul 7th 2008 8:26AM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Alcoa Inc (AA)
As the second half of the year begins, the bear market has nervous investors looking for any sign of a shift in the direction of the market. When the new earnings seasons kicks off Tuesday, Alcoa Inc.'s (NYSE: AA) second-quarter results may offer the first glimpse of what to expect going forward.
Pittsburgh-based Alcoa has missed earnings estimates in just two out of the past five quarters. When the leading aluminum producer reported first-quarter results back in March, its net income of 44 cents per share fell short of the consensus of analysts surveyed by Thomson Financial by four cents, and were down from 79 cents per share in the same quarter of 2007. For this current quarter, analysts expect earnings of 68 cents per share on $7.4 billion in revenue.
In recent news, power supply issues led Alcoa to idle its Rockdale, Tex., facility. The company announced a deal for bauxite mining and alumina processing in Vietnam. Alcoa was named one of the world's most ethical companies and recognized for the best safety performance in its industry. And back in early May, Klaus Kleinfield became Alcoa's president and CEO. For analyst upgrades and downgrades, as well as other news that could influence Alcoa's results, see BloggingStocks' Alcoa coverage.
Alcoa's long-term earnings per share growth forecast is 21.6%, which is less than the metals and mining industry average but better than the S&P 500. The consensus recommendation from analysts is to buy Alcoa, and has been for more than 90 days. The share price has been falling from a recent high of $44. 77 in mid May, and closed at $32.78 on Friday. Shares are down 10.3% year to date.
Bellwether General Electric (NYSE: GE) also reports later in the week, and may also help set the tone for the quarter and the rest of the year.
Visit AOL Money & Finance for more earnings coverage.
Posted Jul 6th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, General Electric (GE), Alcoa Inc (AA), Marriott Intl'A' (MAR), Economic data
The new quarter brings with it a new earnings season. While the earnings crunch doesn't begin in earnest until the following week, Alcoa as usual helps kick things off this coming week.
One of the world's leading producers of aluminum, Pittsburgh-based Alcoa Inc. (NYSE: AA) is scheduled to report second-quarter results Tuesday after market close. Analysts surveyed by Thomson Financial on average expect the company to report net income of 68 cents per share on revenue of $7.4 billion. That's down 16% from EPS a year ago. Alcoa has missed estimates in two of the past five quarters -- by four cents in the previous quarter. Analysts have recommend buying AA for more than 90 days. Shares have fallen 10.3% year to date, but the long-term EPS growth forecast is 21.6%.
Beverage distributor Pepsi Bottling Group Inc. (NYSE: PBG) is scheduled to report its second-quarter results Tuesday morning. Analysts are looking for earnings of 75 cents per share, up 6.6% from the same period of the previous year, on revenue of $3.6 billion. PBG has offered up positive surprises recently, by a penny in the previous quarter. However, analysts recommend holding PBG, and have for more than 90 days. The long-term EPS growth forecast is 9.1%, which is better than the industry average. Shares have fallen 27.6% year to date.
Continue reading The week in preview: New quarter earnings kick-off
Posted Jul 6th 2008 10:40AM by Trey Thoelcke
Filed under: Earnings reports, Ford Motor (F), Sprint Nextel Corp (S), H and R Block (HRB), Campbell Soup (CPB), Kroger Co (KR), Family Dollar Stores (FDO)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
More highlights from this past week: BP, Discover, Corel, Citigroup, WD-40, MSCI and others
Also, Peter Cohan points out that a bear market means low earnings expectations, and also that negative surprises are likely to outweigh positive ones in the second half of the year. Aaron Katsman, on the other hand, predicts a rebound for earnings in the second half. And BusinessWeek reminds us that cheap stocks -- even with big names such as Ford Motor Co. (NYSE: F), Sprint Nextel Corp. (NYSE: S), and Northwest Airlines (NYSE: NWA) -- are no bargain if they have no earnings.
Upcoming results to watch for include Alcoa (NYSE: AA), Pepsi Bottling Group (NYSE: PBG), Marriott International (NYSE: MAR), and General Electric (NYSE: GE).
Visit AOL Money & Finance for more earnings coverage.
Posted Jul 5th 2008 2:40PM by Trey Thoelcke
Filed under: Earnings reports, General Electric (GE), Ford Motor (F), Citigroup Inc. (C), Sprint Nextel Corp (S), Fortune Brands (FO), BP p.l.c. ADS (BP), Andersons Inc (ANDE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
More highlights from this past week: Apollo Group, Family Dollar, Kroger, Deutsche Bank and others
Also, while Jim Cramer ponders what will signal the bottom, many investors will be looking at next week's earnings results for General Electric (NYSE: GE), the world's largest conglomerate, as a sign of the direction of the global market. And BusinessWeek reminds us that cheap stocks -- even with big names such as Ford Motor Co. (NYSE: F), Sprint Nextel Corp. (NYSE: S), and Northwest Airlines (NYSE: NWA) -- are no bargain if they have no earnings.
Upcoming results to watch for include Alcoa (NYSE: AA), Pepsi Bottling Group (NYSE: PBG), Marriott International (NYSE: MAR), and General Electric (NYSE: GE).
Visit AOL Money & Finance for more earnings coverage.
Posted Jul 2nd 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Family Dollar Stores (FDO)
Discount-store operator Family Dollar Stores Inc. (NYSE: FDO) reported that its fiscal third-quarter profit rose as more consumers sought bargains on food and other items. And Apollo Group Inc. (NASDAQ: APOL) said Tuesday its fiscal third-quarter profit rose as increased advertising of its educational programs attracted new students.
Family Dollar earnings for the quarter ended May 31 rose 7% from the year-ago period to $64.7 million, or 46 cents per share. Total revenue rose 2.9% to $1.7 billion, with same-store sales rising only 0.1%.
Analysts polled by Thomson Financial had expected a profit of 40 cents per share on revenue of $1.7 billion.
The company said a rise in the average amount customers spent per transaction helped offset lower store traffic, and that cost and inventory controls also benefited results.
Family Dollar raised its fiscal fourth-quarter guidance by a penny.
Shares rose $2.81 to $23.10 in morning trading. The share price is up 16.9% year to date.
Continue reading Family Dollar and Apollo Group top earnings expectations
Posted Jun 29th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Ford Motor (F), H and R Block (HRB), Family Dollar Stores (FDO), Economic data
Given that it's the end of the quarter, as well as the U.S. Independence Day holiday on Friday, next week looks to be pretty quiet as far as earnings go. But there are a few things of note.
Tax preparation company H&R Block (NYSE: HRB) is scheduled to report its fiscal fourth-quarter results Monday after market close. Analysts surveyed by Thomson Financial on average expect the company to report net income of $2.03 per share on revenue of $2.5 billion. That's an increase of more than 10% over EPS a year ago. H&R Block has tended to fall short of estimates recently, and rival Jackson Hewitt (NYSE: JTX) missed its EPS estimates earlier this month. Still, analysts recommend buying HRB. Shares have risen 12.1% year to date, and the long-term EPS growth forecast is 11.7%.
Alcoholic beverage maker and distributor Constellation Brands (NYSE: STZ) is scheduled to report its fiscal first-quarter results Tuesday morning. Analysts are looking for earnings of 31 cents per share, up 32.3% from the same period of the previous year, on revenue of $906.1 million. Constellation has tended toward positive surprises recently, by 8 cents, or 33.8%, in the previous quarter. However, analysts recommend holding STZ and have for more than 90 days., even though the long-term EPS growth forecast is 12.3%. Although shares have risen 9.0% in the past three months, they are down 16.8% year to date.
Phoenix-based education company Apollo Group (NASDAQ: APOL) is scheduled to report its fiscal third-quarter results late Tuesday. Analysts on average are expecting the company to report net income of 78 cents per share -- the same as in the year ago period -- on revenue of $806.9 million. When it comes to meeting expectations, lately Apollo has a mixed record -- it fell short by 11 cents, or more than 20%, in the previous quarter. Analysts recommend buying APOL and have for more than 90 days. The long-term EPS growth forecast is 14.0%. Though shares have risen 4.2% in the past three months, they are down 31.6% year to date.
Continue reading The week in preview: End of the quarter earnings
Posted Jun 28th 2008 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Google (GOOG), Walgreen Co (WAG), Bed Bath and Beyond (BBBY), Kroger Co (KR), Darden Restaurants (DRI), Research in Motion (RIMM), General Mills (GIS), NIKE, Inc'B' (NKE), KB HOME (KBH), Oracle Corp (ORCL), Red Hat Inc (RHT), United Parcel'B' (UPS), Palm Inc (PALM), CKE Restaurants (CKR), Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: RIM, Oracle, KB Home, Nike, Kroger, Walgreen and others
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