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The Money Man Behind Rick Santorum: Who Is Foster S. Friess?Agri-giant Archer Daniels Midland Co. (NYSE: ADM) and number three burger chain Wendy's International Inc. (NYSE: WEN) are scheduled to report earnings tomorrow morning. Here's a quick peek at them ahead of results.
ADM failed to beat earnings expectations in only two of the past eight quarters. When it reported fiscal 2008 first-quarter results back in November, its earnings per share of 71 cents easily beat the 59 cents consensus forecast of analysts polled by Thomson Financial. Earnings were 59 cents per share in the previous quarter, and 61 cents in the first quarter of 2007. For the current quarter, analysts expect earnings of 74 cents per share.
ADM's 33.4% earnings per share growth forecast for the next three to five years is more than the industry average and the S&P 500. The analysts' consensus recommendation is to buy ADM. Shares have recently climbed toward the 52-week high of $47.33 from back in December, and closed Friday at $45.50.
For Jim Cramer's take and other news that could influence the earnings results, see BloggingStocks' ADM coverage.
Wendy's has beat earnings expectations in the past three quarters. When it reported third-quarter results in October, earnings came to 44 cents per share, beating the consensus forecast of analysts surveyed by Thomson Financial by eleven cents. Earnings were 16 cents per share in the same period of 2006 (a rough year for Wendy's). For the current quarter, analysts expect 23 cents per share, up from 9 cents in the same quarter a year ago. For the full year, they expect $1.20 per share, up from 37 cents in 2006.
The company's earnings per share growth forecast for the next year is 21.1%, which is better than the industry average and the S&P 500. But the consensus recommendation from the analysts is to hold Wendy's and has been for at least six months. Shares fell to a 52-week low of $22.48 in early January, and closed Friday at $25.18.
For more on its turnaround and other news that could influence the earnings results, see BloggingStocks' Wendy's coverage.
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