Posts Tagged ‘analyst estimates’

Earnings Preview: DELL and WMT

Posted by Michael on February 17th, 2010

wmtThe current earnings season continues to roll along, and tomorrow there will be two more major companies reporting earnings, both Dell Computers (DELL) and Wal Mart (WMT).

Wal Mart will be reporting its fourth quarter numbers, with analysts expecting to see the retail giant post earnings of $1.12 per share. During the same period last year the company had earnings of $1.03 per share. The numbers will be coming out before the market opens in the morning.

Dell Computer is going to be reporting its fourth quarter numbers tomorrow afternoon following the market close. Analysts are forecasting the company to report earnings of 27 cents per share, slightly lower than the 29 cents a share that it reported during the same period last year. The company last reported earnings back on November 19 when it was unable to match analyst estimates.

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Strong earnings send market higher

Posted by Michael on November 13th, 2009

All of the major index’s were higher today, following a strong round of earnings report this morning.

The DOW closed the day up 0.7%, NASDAQ up 0.8% and the S&P rose 0.5%.

Walt Disney (NYSE: DIS) reported fiscal fourth quarter earnings last night following the market close, and easily outpaced analyst estimates. Analysts had been expecting to see the company report 41 cents per share, but the actual report was much higher at 46 cents per share.

Retailer J.C. Penny (NYSE: JCP) reported third quarter earnings this morning that fell a penny short of analyst estimates, but fell in the upper range of the company’s earlier earnings forecast.

DIS stock traded up 4.8% on the day, while JCP gained 6.2% on the day.

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Disney (DIS) up sharply after posting strong Q4 earnings

Posted by Michael on November 12th, 2009

disneyThis afternoon entertainment giant Walt Disney Co. (NYSE: DIS) reported its fiscal fourth quarter earnings, and posted strong numbers that easily outpaced analyst estimates for the quarter.

Going into this afternoon’s earnings report, analysts had been expecting the company to post earnings of 41 cents per share. The company’s actual earnings came in higher, with a reported 47 cents per share.

For the same period last year the company had 40 cents in earnings.

Late day traders are pushing shares up 3% in after hours trading.

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General Electric and Bank of America pull down the market

Posted by Michael on October 16th, 2009

bearThe market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears.

The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%.

General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to outpace analyst estimates for its earnings in the third quarter by posting 23 cents per share verse analyst estimates of 20 cents per share, but that was not enough to outweigh its missed revenues. The company reported $37.8 billion in revenues verse analyst estimates for $40.3 billion. Shares of GE closed the day down 4.2% to $16.08, down $0.71 on the day and wiping out $7.5 billion in market capitalization.

Bank of America was expected to show a loss for its third quarter of 21 cents per share, but the actual numbers came in worse than expected with a 26 cent loss in the quarter. The stock was hit hard today following the report, with shares falling 4.6% to $17.26, down $0.84 on the day.

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New 52 Week Highs:

There were several big name stocks that were able to set new 52 week highs today, despite the down market and include the following; Pfizer (NYSE: PFE), Halliburton (NYSE: HAL), Hewlett-Packard (NYSE: HPQ), and Mattel (NYSE: MAT).

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Analyst upgrades and downgrades:

Stocks upgraded today include:

  • Gap Inc. (NYSE: GPS) upgraded by Caris to Buy from Above Average with $27 price target
  • Safeway (NYSE: SWY) upgraded by Kevin Dann to Buy from Neutral and boosted its price target on the stock to $27 from $19 per share.
  • Google (NASDAQ: GOOG) received an upgrade today by Benchmark Co. to a Buy from Hold, while lifting its price target on the stock to $625 from $500.

Stocks downgraded today include:

  • Netflix (NASDAQ: NFLX) downgraded by Caris to Above Average from Buy with a $56 price target on the stock.
  • Nokia (NYSE: NOK) downgraded by Gabelli to Hold from Buy.

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Posted in Bad News, Earnings, Good News, Major Moves, Market Updates, New Highs, downgrades, upgrades Tags: , , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

DOW closes over 10,000, some big names hit new highs: INTC, JPM, EMC

Posted by Michael on October 14th, 2009

bull.jpgThe DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86.

The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as Wall Street continues to claw its way back from the lows set in March of this year.

It has been an impressive run for the DOW, which is now up 53% from the lows it set earlier this year. The market had a good day on the back of strong earnings from Intel Corp. (NYSE: INTC) and JP Morgan (NYSE: JPM).

A few stocks that hit new 52 week highs today include:

  • Intel Corp (NYSE: INTC): The company hit a high of $21.27 and closed the day up 1.6% at $20.83. The company reported 33 cents per share, which was higher than the 28 cents that analysts had been expecting to see.
  • JP Morgan (NYSE: JPM): JP Morgan hit a high of $47.47 on the day, and closed the session up 3.3% to $47.16, up $1.50. The company reported earnings of 82 cents per share for its third quarter, above analyst estimates for 52 cents a share.
  • EMC Corp. (NYSE: EMC): EMC set a new 52 week high today after the stock was upgraded this morning by Thomas Weisel to Overweight from Market Weight, and the broker raised its price target on the stock to $24 from $15. The stock hit a new high of $18.33 and closed today’s trading up 1.3% to $18.16, up $0.24.

Other big names hitting new highs today were Cisco Systems (NASDAQ: CSCO), Wyeth (NYSE: WYE), Merck (NYSE: MRK), and Goldman Sachs (NYSE: GS).

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