Another earnings season crunch rolls along, and among companies reporting next week are Texas Instruments Inc. (NYSE: TXN) and Johnson & Johnson (NYSE: JNJ). Here is a quick peek at each of them.
Texas Instruments has met or beat earnings expectations every quarter since the first of 2004. When it reported third-quarter results back in October, its 52 cents per share earnings beat the consensus estimate of analysts surveyed by Thomson Financial by two cents, as well as the actual 45 cents per share in the same period of 2006. For the current quarter, analysts expect earnings of 52 cents per share again, or $1.80 for the full year, up from $1.69 in 2006.
The company's 49 percent earnings per share growth forecast for the next three to five years is better than the industry average and the S&P 500. The analysts' consensus recommendation is to buy Texas Instruments, though 12 of the 32 analysts rate it a hold. The share price fell to a 52-week low of $28.24 on Friday, from a five-year high of $39.63 last July.
For news that could influence the earnings results, check out BloggingStocks' Texas Instruments coverage.
Johnson & Johnson has beat quarterly earnings expectations since the beginning of 2006. Third quarter earnings, reported in October, were $1.06 per share, which beat the $1.00 that analysts polled by Thomson Financial had expected, and up a penny per share from earnings in the same period of the previous year. For the fourth quarter, analysts expect 86 cents per share, compared to 81 cents actual in the same quarter of 2006. For the full year, they expect $4.13 per share, up from $3.76 the previous year.
Johnson & Johnson's earnings per share growth forecast for the next three to five years is 13.6 percent, about the same as the sector average. The consensus recommendation from the analysts has been to buy Johnson & Johnson for at least six months. The share price reached a 52-week high of $68.85 earlier this week.
For more news that may influence earnings results, see BloggingStocks' Johnson & Johnson coverage.
Both Texas Instruments and Johnson & Johnson are scheduled to report earnings on Tuesday.
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