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FeedPosted Mar 20th 2011 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Tiffany and Co (TIF), Oracle Corp (ORCL), Economic Data, Housing
Quarterly reports from Oracle (ORCL), Discover (DFS) and Tiffany (TIF) will highlight news on the earnings front this week.
Elsewhere on the economic calendar, the focus will be on housing, with existing home sales data due from the National Association of Realtors on Monday, new home sales numbers from the Census Bureau on Wednesday and data on housing starts released on Thursday.
Also watch for durable goods orders in February and the final GDP for the fourth quarter.
Continue reading Week in Preview: Housing Data and Late Season Earnings (ORCL, DFS, TIF)
Posted Dec 1st 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, American Express (AXP), Kroger Co (KR), Tyson Foods'A' (TSN), Analyst Initiations
Analyst Upgrades
- Sapient (SAPE) to outperform from market perform at Wells Fargo.
- Kroger (KR) to buy from neutral at UBS.
- Harman (HAR) to overweight from neutral and Deutsche Bank (DB) to neutral from underweight at JPMorgan.
- Savient (SVNT) to outperform from market perform at JMP Securities.
- LabCorp (LH) to buy from hold at Deutsche Bank.
- Optimer Pharm (OPTR) and Landstar System (LSTR) to outperform from neutral at RW Baird.
- Essex Property Trust (ESS) to buy from neutral at Janney Capital.
- Tyson Foods (TSN) to neutral from sell at Goldman.
- Host Hotels (HST) to outperform from sector perform at RBC Capital.
- SPX Corp. (SPW) to outperform from market perform at FBR Capital.
Continue reading Analyst Calls: AXP, COF, DB, DFS, DNDN, HST, KR, ROC, SAFM, STJ, TSN ...
Posted Aug 2nd 2010 12:20PM by Mark Fightmaster (RSS feed)
Filed under: Competitive Strategy, AT and T (T), MasterCard Inc'A' (MA), Barclays plc ADS (BCS), Visa Inc. (V)
I found a rather interesting article on Bloomberg, one discussing the potential of smartphones to replace credit cards. Supposedly, both AT&T (T), Verizon (VZ), and perhaps T-Mobile, may work with Discover Financial Services (DFS) and Barclays (BCS) in Atlanta and three other cities to test a system allowing consumers to pay with the "wave of a smartphone." This move would be the largest effort to attempt mobile payments in America and could serve to cut into credit card use.
Crone Consulting, a credit card consultant, noted that such a move could be a "game-changer" as far as credit cards are concerned. Think of how much such a move could cut into the market share for credit cards. According to the article, Visa (V) and MasterCard (MA) handled 82% of U.S. consumer spending a year ago (that is $2.45 trillion). Now imagine that smartphone users have the ability to simply pass their phone over a reader in order to pay for their purchases.
Continue reading Discover Takes On Rivals with Pay-by-Smartphone System
Posted Mar 20th 2010 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Starbucks (SBUX), Cintas Corp (CTAS), FedEx Corp (FDX), NIKE, Inc'B' (NKE), TD AmeriTrade Holding (AMTD), Alcatel-LucentADS (ALU), GameStop Corp (GME)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Alcatel-Lucent (ALU) received an analyst's downgrade following its disappointing earnings report and guidance.
- Chicago Bridge & Iron Co. (CBI) improved earnings prospects prompted one analyst to upgrade the stock.
- Cintas Corp. (CTAS) lower Q3 earnings topped analysts' expectations, and it reiterated its Q4 earnings guidance.
- CRA International Inc. (CRAI) received an analyst's downgrade following its earnings results for Q1.
- Discover Financial Services (DFS) reported a net loss for Q1 due to a needed boost to its loan loss reserves.
Continue reading Earnings Highlights: Discover, FedEx, GameStop, Guess, Nike, Palm ...
Posted Mar 14th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, FedEx Corp (FDX), NIKE, Inc'B' (NKE), Federal Reserve, GameStop Corp (GME)
If FedEx can still be considered a bellwether for the U.S. economy, then judging by the expectations of analysts surveyed by Thomson Reuters, things must be looking pretty bright. But then again, the expectations for this week's quarterly reports from Nike, GameStop, and Discover tell a different story.
Memphis-based FedEx Corp. (FDX), announced an increase in ground rates and also delivered two pandas from the U.S. to China with its new Boeing 777F during its fiscal third quarter. Earnings for that period are expected to have more than doubled from a year ago to $0.72 per share. And revenue for the three months that ended in February is expected to have risen 2.4% to $8.3 billion. Analysts so far expect sequential and year-over-year growth of EPS and revenue in the fourth quarter. FedEx only fell short of earnings estimates in one of the past five quarters.
Continue reading The Week in Preview: FedEx vs. Nike, Gamestop, Discover
Posted Dec 19th 2009 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Adobe Systems (ADBE), Best Buy (BBY), Charles Schwab Corp (SCHW), Research in Motion (RIMM), Goldman Sachs Group (GS), General Mills (GIS), NIKE, Inc'B' (NKE), Oracle Corp (ORCL), Starwood Hotels Worldwide (HOT), Wells Fargo (WFC), Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Adobe Systems Inc. (ADBE) shares rose after lower Q4 earnings and revenue beat analysts' expectations.
- Best Buy Inc. (BBY) shares sold off despite better-than-expected Q3 results due to the lower gross margin.
- Charles Schwab Corp. (SCHW) warned that Q4 earnings would come in lower than the Street view
- Discover Financial Services (DFS) shares were up after it reported better-than-expected Q4 earnings.
- First Solar Inc. (FSLR) offered a solid 2010 outlook but the consensus EPS estimate is high in the range.
- General Mills Inc. (GIS) strong Q2 results included better-than-expected earnings and a rosy outlook.
Continue reading Earnings highlights: Best Buy, Discover, General Mills, Nike, Oracle, Rite Aid, Take-Two ...
Posted Sep 19th 2009 2:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), Adobe Systems (ADBE), Best Buy (BBY), Kroger Co (KR), FedEx Corp (FDX), Fortune Brands (FO), Oracle Corp (ORCL)
Continue reading Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ...
Posted Sep 17th 2009 3:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, American Express (AXP), MasterCard Inc'A' (MA), Visa Inc. (V)
Discover Financial Services (NYSE: DFS), a credit card company that competes with Visa (NYSE: V), MasterCard (NYSE: MA), and American Express (NYSE: AXP), released earnings for the third quarter on Thursday. The company put analysts to shame by posting a profit instead of a loss according to an article from Reuters.
The projection was for a loss of 12 cents per share. Discover actually made 52 cents per share of profit, once you exclude monies received from an antitrust settlement. Wow, that's what you call being way off the mark! The disparity surprised me, so I went to our very own earnings preview to see what we were reporting for an estimate. Sure enough, it stated the exact same expectation for a loss of 12 cents.
Continue reading Discover surprises analysts in Q3
Posted Sep 13th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Kroger Co (KR), FedEx Corp (FDX), Oracle Corp (ORCL)
Memphis-based package delivery giant FedEx Corp. (NYSE: FDX) is generally seen as an indicator of the state of commerce in the U.S. Last week, not only did the Fed's Beige Book report suggest that the economy had stabilized over the summer, with signs of recovery in some districts, But FedEx also boosted its earnings guidance due to stronger-than-expected volume in its international priority-delivery service. So a question going in to FedEx's fiscal first-quarter report this week is whether the company is still a bellwether.
For the three months that ended in August, when FedEx opened distribution hubs in Chicago and Toledo and declared a quarterly dividend, analysts surveyed by Thomson Reuters are looking for it to report that earnings fell 60.2% from a year ago to $0.49 per share. That's also down 23.4% from the previous quarter, as well as less than the recently updated outlook. First quarter revenue is expected to be down 18.3% from a year ago to $8.2 billion.
Continue reading The week in preview: Is FedEx still a bellwether?
Posted Jun 20th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Adobe Systems (ADBE), Best Buy (BBY), Carnival Corp (CCL), FedEx Corp (FDX), Research in Motion (RIMM), Liz Claiborne (LIZ)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: FedEx, Best Buy, RIM, Adobe, Smucker, Discover and more
Posted Dec 20th 2008 9:10AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, General Electric (GE), Schlumberger Limited (SLB), Adobe Systems (ADBE), Best Buy (BBY), FedEx Corp (FDX), Research in Motion (RIMM), Goldman Sachs Group (GS), General Mills (GIS), Morgan Stanley (MS), NIKE, Inc'B' (NKE), Oracle Corp (ORCL), Honeywell Intl (HON), Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others
Posted Dec 14th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Best Buy (BBY), FedEx Corp (FDX), Research in Motion (RIMM), Goldman Sachs Group (GS), Morgan Stanley (MS)
With the increasingly regular announcements of layoffs and plant closings, it's clear that the recession is deepening. One clue to the economy's future direction that investors may be watching for is the upcoming earnings release of FedEx Corp. (NYSE: FDX). The world's largest delivery service has been considered an economic bellwether, and it just may have benefited recently from lower fuel prices and the announced departure of rival DHL from the U.S. package market.
For the company's fiscal second-quarter 2009 report, analysts surveyed by Thomson Reuters on average expect to see earnings of $1.57 per share, about 2% higher than in the year-ago period, and 21.7% higher than in the previous quarter. That's about the same as the $1.58 per share FedEx forecast in preliminary results last week. Analysts expect revenues for the quarter ended November 30 to total $9.8 billion, 3.9% more than a year ago. The Memphis-based company has only fallen short of earnings expectations in one of the past five quarters, and exactly matched estimates back in the first quarter.
As part of its expansion plans, FedEx broke ground on a new Portland hub in October, and said that a new facility in China will be fully operational in the first half of 2009. The company continues to make service improvements, and declared a quarterly dividend in November. But in its preliminary results, FedEx lowered its full-year forecast, citing continued weakness in the economy.
Continue reading The week in preview: Looking for good news
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