The earnings season crunch continues next week, and among companies scheduled to report earnings tomorrow are McDonald's Corp. (NYSE: MCD) (see the earnings preview by Michael Fowlkes), Verizon Communications Inc. (NYSE: VZ) and American Express Co. (NYSE: AXP) (see my earnings preview), as well as oil industry giant Halliburton Co. (NYSE: HAL) and data storage company SanDisk Corp. (NASDAQ: SNDK), which we take a quick peek at here.
Halliburton has met or beat earnings expectations in the past five quarters. When it reported third-quarter 2007 results back in October, its earnings per share of 66 cents beat the consensus estimate of analysts polled by Thomson Financial by two cents, as well as the actual 58 cents per share in the same period of the previous year. For the current quarter, analysts expect earnings of 69 cents per share, or $2.46 per share for the full year. That's up from $2.13 in 2006.
Halliburton's 60.7% earnings per share growth forecast for the next three to five years is well above the industry average and the S&P 500. The analysts' consensus recommendation is to buy Halliburton, with 8 of the 22 analysts considering it a strong buy. Shares have slipped from the 52-week high of $41.95 in October, and closed Friday at $33.09.
For Jim Cramer's take on Halliburton and other news that could influence the earnings results, see BloggingStocks' Halliburton coverage.
SanDisk has failed to beat earnings expectations in only one quarter out of the past twelve. Third-quarter 2007 earnings, reported in October, were 54 cents per share, easily beating the 34 cents that analysts surveyed by Thomson Financial had expected, but less than the 61 cents actual earnings per share in the same period of 2006. For the current quarter, analysts expect 64 cents per share, compared to 87 cents actual in the same quarter a year ago. For the full year, they expect $1.67 per share, down from $2.51 in 2006.
The company's earnings per share growth forecast for the next three to five years of 26.6% is in line with the industry average but less than the S&P 500. The consensus recommendation from the analysts is to buy SanDisk, and has been for at least six months. The share price fell to a 52-week low last week of $24.29, well down from its peak of $59.75 last July.
For the CEO's optimism and other news that could influence the earnings results, see BloggingStocks' SanDisk coverage.









