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The Money Man Behind Rick Santorum: Who Is Foster S. Friess?Among companies reporting earnings next week are KB Home (NYSE: KBH) and Constellation Brands Inc. (NYSE: STZ). Here is a quick look at each of them.
Homebuilder KB Home has been hit hard by the housing slump, reporting a loss of $6.19 per share for the third quarter, way off the 75-cent loss estimated by analysts surveyed by Thomson Financial. For the current quarter, analysts expect a loss of $1.08 per share, and a loss of $8.60 for the full year.
While analysts don't expect a profitable quarter in 2008, the narrower losses give KB Home a forecast growth rate of 68.9 percent for the next year, compared to -248.3 percent for the home construction industry average. But the analysts' consensus recommendation is to hold KB Home. The share price has tumbled from its 52-week high of $56.08 last February, and reached a 3-year low of $18.36 on Friday.
For news about KB Home that could influence the earnings results, check out BloggingStocks' KB Home coverage.
Vintner and spirits distributor Constellation Brands has beat earnings expectations for the past three quarters. When it reported second quarter 2008 results in October, earnings were 35 cents per share, which beat estimates by three cents, and was down from 43 cents in the same period of 2007. For the current quarter, analysts surveyed by Thomson Financial expect 55 cents per share, compared to 58 cents actual in the same quarter last year.
Constellation's forecast earnings per share growth over the next year is 6.7 percent, less than the industry average but better than the consumer goods sector average. The consensus recommendation from the analysts is to hold Constellation, and has been for at least six months. The share price reached a 52-week high of $26.46 in October, and closed Friday at $22.78.
KB Home and Constellation Brands are scheduled to report earnings on Tuesday.
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Reader Comments (Page 1 of 1)
1-06-2008 @ 8:28AM
michael schneider said...
Constellation stock hasn't done much lately as ernings comparisons haven't been great (even though they beat expectations), however they are gaining in the wine business and if earnings improve this quarter things could get more interesting. Synopsis of a recent feature article on Constellation Brands is available in the newest (green label above red dot) Weekly Stock Update section at http://www.Barrelomoney.com.