Archive for October, 2009
(MCD) McDonald’s Exceeds Earnings Numbers
McDonald’s Corporation (MCD) recently reported third-quarter 2009 results that topped the Zacks Consensus Estimate, driven by effective cost control and rise in comparable sales across all regions. McDonald’s quarterly earnings came in at $1.15 per share, up 10% from $1.05...
22Oct2009 | vitalstocks | 0 comments | Continued(AGNC) Real Estate Investment Trusts – Positive Signals From Housing Market
Amid positive signals emanating from the uptick in housing prices and an improving outlook for consumer spending, the housing sector is gradually stabilizing. Both new and existing home sales have increased during the last four consecutive months and are now 32% and 17% above...
22Oct2009 | vitalstocks | 0 comments | Continued(NYT) NY Times Beats Earnings Consensus
Amid the secular and cyclical slowdown in print advertising The New York Times Company (NYT) recently reported third-quarter 2009 results that topped the Zacks Consensus Estimate. The New York Times quarterly earnings of 16 cents a share surpassed the Zacks Consensus Estimate...
22Oct2009 | vitalstocks | 0 comments | Continued(IT) Healthcare M&A Activitiy: Three Healthcare Small Caps Primed For Takeovers
by Louis Basenese, Small Cap & Special Situations Expert Thursday, October 22, 2009: Issue #1121 With the healthcare debate still raging in Washington, this should shock you… Healthcare mergers and acquisition (M&A) activity is at an all-time high. You’d think with...
22Oct2009 | InvestmentU | 0 comments | Continued(LNN) Lindsay Corporation Underperforms
Lindsay Corporation (LNN) reported fiscal fourth-quarter earnings of 17 cents per share, well below the Zacks Consensus Estimate of 35 cents per share and year-ago earnings of 90 cents per share. The company’s cost-reduction initiatives could not fully offset the impact of...
22Oct2009 | vitalstocks | 0 comments | Continued(SLGN) Silgan Holdings Beats Estimates and Raises Forward Guidance
Silgan Holdings Inc. (SLGN) reported its third-quarter earnings before market open. The company posted earnings of $1.91 per share, above the Zacks Consensus Estimate of $1.59 per share and up 31.7% from the year-ago earnings of $1.45 per share. Net sales in the quarter went...
22Oct2009 | vitalstocks | 0 comments | Continued(FLIR) FLIR Systems Tops Earnings Expectations
FLIR Systems, Inc. (FLIR) reported third quarter 2009 net income of $60.0 million or 38 cents per diluted share, compared with net income of $54.8 million or 35 cents per diluted share in the third quarter a year ago. This is higher than the Zacks Consensus Estimate of 35 cents. Revenue...
22Oct2009 | vitalstocks | 0 comments | Continued(CAAS) China Automotive Systems Inc. – 2009 Estimates Jump
China Automotive Systems (CAAS) is well positioned in an explosive market in a growing economy. Company Description China Automotive supplies power steering components to Chinese automakers. The company offers systems for all types of vehicles, from passenger cars to commercial...
22Oct2009 | vitalstocks | 0 comments | Continued(CFSG) China Fire & Security Group – Helped by the Stimulus Plan
China Fire & Security Group (CFSG) continues to capitalize on the booming Chinese economy. Company Description China Fire & Security Group makes and maintains fire safety systems and products for industrial use in China. Revenues Surging On Aug 10 the company reported...
22Oct2009 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications – Bear of the Day
We downgrade our recommendation for MetroPCS (PCS) to Underperform, which reflects the company’s disappointing results in the last quarter. Reported earnings missed the Zacks Consensus Estimate, partly due to higher operating expenses. Moreover, subscriber growth decelerated...
22Oct2009 | vitalstocks | 0 comments | Continued(COT) Cott Corporation – Earnings Surprised by 240% in the Second Quarter
Cott Corporation (COT) has posted big earnings surprises of 240% and 528% the last two quarters. With third quarter results due on Oct 29, will it keep its streak intact? Company Description Cott manufactures non-alcoholic beverages and is one of the world’s largest retailers...
22Oct2009 | vitalstocks | 0 comments | Continued(ROST) Ross Stores – Return on Equity of 34% tops the industry average of 20%
Ross Stores, Inc. (ROST) recently announced September sales of $629 million, a 12% increase year-over-year. Same store sales jumped 8%. The company also hiked its third-quarter earnings guidance to a range of 75 to 77 cents per share. Analysts polled by Zacks are in agreement,...
22Oct2009 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services – Bull of the Day
Gentiva Health Services, Inc. (GTIV) has scheduled its third quarter earnings call for October 29th, one week from today. Gentiva reported a second-quarter net income of 59 cents per share which was much higher than the Zacks Consensus Estimate of 45 cents. The company boasts...
22Oct2009 | vitalstocks | 0 comments | Continued(AVP) Avon Products – Rising Forecasts and Strong Momentum
Avon Products Inc. (AVP) is seeing bullish earnings estimates ahead of reporting next week. The full-year Zacks Consensus Estimate of $1.66 per share is up 5 cents over the past 90 days. For 2010, analysts polled by Zacks are projecting earnings of $2.11 per share, versus last...
21Oct2009 | vitalstocks | 0 comments | Continued(AES) AES Corporation – PEG Ratio is Just Under 1.0
AES Corporation (AES) is heading into its next report on rising estimates and good valuations. Company Description AES provides energy to 29 countries with energy through generation and distribution. The company has diversified portfolio of thermal and renewable fuel sources. EPS...
21Oct2009 | vitalstocks | 0 comments | Continued(GES) Guess? Inc. – Bullish Estimates and Solid Momentum
Guess? Inc. (GES) is outpacing the market on record second-quarter results and higher Zacks Consensus Estimates. During the past 2 months, analysts polled by Zacks boosted full-year earnings forecasts from $1.92 to $2.17 per share. Company Description Guess?, Inc. designs, markets,...
21Oct2009 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Beats Estimates and Raises Guidance
This morning, Eli Lilly & Co. (LLY) reported strong third quarter financials. The company’s earnings per share of $1.20 surpassed the Zacks Consensus Estimate of $1.02 and 98 cents reported in the year-ago period. Revenues recorded a 7% year on year increase to $5.56 billion,...
21Oct2009 | vitalstocks | 0 comments | Continued(PLCM) Polycom Reports Mixed Results
We downgrade our recommendation for Polycom Inc (PLCM) to Neutral, following the mixed financial results of its third quarter 2009. Third quarter total revenue of $243 million was down 11.9% year-over-year but was an improvement of 5.3% sequentially. Quarterly revenue was also...
21Oct2009 | vitalstocks | 0 comments | Continued(PETS) PetMed Express In-Line with Consensus Estimates
PetMed Express, Inc. (PETS), the America ’s largest Pet Pharmacy, recently reported second-quarter 2010 results. The quarterly earnings of 28 cents a share came in line with the Zacks Consensus Estimate but rose 12% year-on-year from 25 cents posted in the prior-year quarter. Net...
21Oct2009 | vitalstocks | 0 comments | Continued(CMN) Cantel Medical Corporation – Net Income Up 65%
Cantel Medical Corp (CMN) posted yet another earnings surprise with a 65% increase in net income. Company Description Cantel makes medical products to prevent and control infections. The products are sold globally and range from water purification to disposable items like masks,...
21Oct2009 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Exceeds Estimates
Walter Energy Inc. (WLT) posted third quarter earnings of 45 cents per share, substantially higher than the Zacks Consensus Estimate of 27 cents per share and second quarter earnings of 21 cents per share. The better-than-expected results were driven by strong customer demand...
21Oct2009 | vitalstocks | 0 comments | Continued(USB) US Bancorp Exceeds Consensus Estimates
US Bancorp (USB) has reported third quarter earnings of $603 million or 30 cents per share. Results were ahead of the Zacks Consensus Estimate of 26 cents, and reflected higher revenue and an increase in fee income. However, credit losses and nonperforming assets continued to...
21Oct2009 | vitalstocks | 0 comments | Continued(DGX) Quest Diagnostics Outperforms – Raises Outlook
Quest Diagnostics’ (DGX) third quarter earnings per share of $1.02 beat the Zacks Consensus Estimate of 96 cents and 86 cents reported in the year ago period. Revenues for the quarter increased 3.9% to $1.9 billion. Clinical testing revenues, which account for most of Quest’s...
21Oct2009 | vitalstocks | 0 comments | Continued(BA) The Boeing Company Flies Low in 3Q
The Boeing Company (BA) has posted a third quarter loss of $1.6 million or $2.23 per diluted share, worse than the Zacks Consensus Estimate of a loss of $2.12 per share. Last year, the company reported a net income of $695 million or 96 cents per share. Earnings in the quarter...
21Oct2009 | vitalstocks | 0 comments | Continued(PCP) Precision Castparts Posts Weak Numbers
Precision Castparts Corp. (PCP) today reported disappointing results in its fiscal second quarter. Sales in the quarter totaled $1.3 billion, compared to sales of $1.8 billion last year. Included in the year-over-year sales decline were the negative effects of foreign exchange...
21Oct2009 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Beats Earnings Consensus
Illinois Tool Works Inc. (ITW) reported modest third quarter results before the opening bell today amid an environment of generally weak end markets. Operating revenues for the quarter stood at $3.580 billion, which were 19.8% lower than the year-ago period but better than the...
21Oct2009 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences’ Strong Performance
Gilead Sciences (GILD) posted strong third quarter results yesterday. The company’s earnings per share of 74 cents was well above the Zacks Consensus Estimate of 69 cents and last year’s profit of 52 cents. Gilead reported $1.8 billion of revenues during the quarter, an increase...
21Oct2009 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group, Plc – Bull of the Day
We maintain our Outperform recommendation for Vodafone (VOD), the largest revenue generating international wireless carrier. Revenue growth in the last quarter was fuelled by foreign exchange gains and acquisitions. Additionally Incorporatedrease in subscriber base was driven...
21Oct2009 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Misses, Loss Widens
KeyCorp’s (KEY) third quarter loss from continuing operations of 50 cents per share was substantially worse than the Zacks Consensus Estimated loss of 39 cents. This compares unfavorably to a net loss from continuing operations of 2 cents in the prior-year quarter. Results...
21Oct2009 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Reflects Broad Turnaround
Yahoo! Inc. (YHOO) reported third quarter earnings that beat the Zacks Consensus Estimate by 6 cents. Revenue beat the consensus by 40.7%. Google’s (GOOG) results also thrashed estimates last week, signaling a broad-based recovery as reflected in higher advertisement spending. Revenue Gross...
21Oct2009 | vitalstocks | 0 comments | Continued