Tag: estimates

Needham & Co. Reiterates “Buy” Rating on Intel Following NVIDIA Deal (INTC)

Computer processor maker Intel Corporation ( INTC ) on Tuesday saw its “Buy” rating reiterated by analysts at Needham & Co., following the company’s licensing fee agreement with graphics chip maker NVIDIA ( NVDA ). The firm also backed its $26 price target on INTC, which implies a 26% upside to the stock’s Monday closing price of $20.69. A Needham analyst commented, “We believe the $1.5B licensing fee, payable to NVIDIA (Nasdaq: NVDA) in six annual installments, is financially a good price for Intel for such technology and has limited financial impact on INTC’s earnings. We are slightly altering our estimates to reflect the licensing payments, and reiterate our rating…The amortization impacts 2011 GM and EPS by 39bps and $0.02, respectively, bringing our 2011 EPS estimate to $1.88 from $1.90. Our 2012 EPS estimate is revised to $2.12 from $2.15 and our GM assumption falls 49bps to 65.6%.” Intel shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Intel Corp ( INTC ) have a 3.48% dividend yield, based on last night’s closing stock price of $20.69. The stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $22-$23 price levels. Intel Corporation ( INTC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Earnings Scorecard: Coventry – Analyst Blog

Filed in BP, earnings, Gold Investing, o, silver by on November 19, 2010 0 Comments

Following the third-quarter earnings, the analysts have moved their estimates upward over the last 30 days for the fourth quarter and fiscal 2010, and the first quarter and fiscal 2011.

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Homeschoolers Interrogated by Secret Police, Face Imprisonment

Filed in Gold, Gold Spot Market by on September 6, 2010 0 Comments

Home School Legal Defense Association | Estimates suggest that only a few hundred children are homeschooled in Botswana, a country of 2 million located just north of South Africa and that has acceded to the UN Convention on the Rights of the Child.

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Newmont Mining Earnings Miss Estimates

Newmont Mining Earnings Miss Estimates

Filed under: Earnings Reports , Newmont Mining (NEM) , Commodities Newmont Mining ( NEM ), the world’s largest gold producer, reported net income of $382 million or 77 cents a share , up from $162 million or 31 cents per share a year earlier. This was below analysts’ estimates of 84 cents, according to Bloomberg. Sales rose 34% to $2.15 billion. Shares of Newmont fell 38 cents Wednesday to $55.40 per share. Heavy rains in Indonesia were responsible for a shortfall at the Batu Hijau mine. Production there was down 6.8% to 82,000 ounces. This compares with 88,000 ounces during the first quarter. Gold output was also less than expected at Newmont’s Boddington mine in Australia. Continue reading Newmont Mining Earnings Miss Estimates Newmont Mining Earnings Miss Estimates originally appeared on BloggingStocks on Thu, 29 Jul 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Luminex Enters Oversold Territory – Zacks Tale of the Tape

Filed in earnings, Gold Investing, Gold Prices, silver by on July 12, 2010 0 Comments

Luminex Corp.’s (LMNX) share price has entered into oversold territory with a stochastic value of 11.51. Analysts have been increasing their estimates on the company’s earnings for 2010, sending the Zacks Consensus Estimate up by a penny …

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Equity Residential: Earnings Scorecard – Analyst Blog

Filed in earnings, Gold Investing, Gold Prices, lead, recession, shares, ubs by on May 26, 2010 0 Comments

Equity Residential ( EQR ), a leading real estate investment trust (REIT), reported fiscal 2010 first quarter FFO (funds from operations) of $0.49 per share, which missed the Zacks Consensus Estimate by a penny. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Below we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the short-term and long-term outlook for the stock. Earnings Report Review During first quarter 2010, total revenues of the company were $488.7 million, compared to $483.1 million in the year-ago period. Same-store quarterly revenues decreased 2.9%, while same-store operating expenses increased 1.5%. Same-store net operating income (NOI) during the quarter decreased 5.6% year-over-year primarily due to a 3.9% decrease in average rental rates. (Read our full coverage on this earnings report: Equity Residential FFO Dips ) Earnings Estimate Revisions – Overview Estimates have moved up for Equity Residential since the earnings release, meaning that analysts were generally optimistic by this information. Let’s dig into the earnings estimate details. Agreement of Analysts In the past 7 days, both fiscal 2010 and fiscal 2011 estimates have been increased by 2 analysts. Analysts, in general, are in consensus about the future outlook for Equity Residential’s earnings, as is visible below. Eighteen analysts have raised their estimates for fiscal 2010, while none have lowered them. For fiscal 2011, 17 analysts have raised their earnings estimates and none have lowered. This is a positive showing. Magnitude of Estimate Revisions Earnings estimates increased by 9 cents for fiscal 2010 from $2.03 to $2.12 since the earnings announcement. For fiscal 2011, earnings estimates have moved up 14 cents from $2.12 to $2.26. This is encouraging news for the company. Equity Residential in Neutral Lane Equity Residential is the largest publicly traded multi-family real estate operator in the U.S., with a diverse portfolio of properties in some of the best long-term apartment markets in the country. Furthermore, the company has a fully implemented state-of-the-art operating platform that enables it to manage the operations on a real-time basis and deliver a market-leading performance. Equity Residential is repositioning its portfolio to focus on markets that have better job and rent growth prospects. In addition, the company has a relatively strong balance sheet and adequate liquidity. However, continued job losses due to the prolonged recession may weigh on the company’s top and bottom-lines. Currently, Equity Residential shares are maintaining a Zacks #2 Rank, which translates to a short-term Buy recommendation. However, our long-term recommendation for the stock remains cautious at Neutral. We remain bullish about one of its peers, Post Properties Inc. ( PPS ), which maintains a Zacks #1 Rank (Strong Buy). Our long-term recommendation for Post Properties is also strong at Outperform as we anticipate the stock to perform well above the broader market. About Earnings Estimate Scorecard  Len Zacks, PhD in mathematics from MIT, proved over 30 years ago that earnings estimate revisions are the most powerful force impacting stock prices. He turned this ground breaking discovery …

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Simon Property: Earnings Scorecard – Analyst Blog

Filed in earnings, Gold Investing, lead, recession, shares, silver, ubs by on May 21, 2010 0 Comments

Simon Property Group Inc. ( SPG ), a leading real estate investment trust (REIT), reported fiscal 2010 first quarter recurring FFO (funds from operations) of $1.41 per share that well exceeded the Zacks Consensus Estimate of $0.83. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Below we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the short term and long term outlook for the stock. Earnings Report Review During first quarter 2010, total revenue of the company increased to $925.1 million from $918.5 million in the year-earlier quarter. Occupancy in the regional malls and premium outlet centers combined portfolio was 92.2% at quarter end, compared to 92.1% in the year-ago period. Comparable sales in the combined portfolio remained unchanged during the quarter at $467 per square foot, compared to the prior year. Average rent per square feet in the combined portfolio increased marginally to $38.72, compared to $37.51 in the year-ago period. (Read our full coverage on this earnings report: Simon Property Revenue Rises ) Earnings Estimate Revisions – Overview Estimates haven’t budged for Simon Property since the earnings release, meaning that analysts were generally unmoved by this information. One could say that’s not bad news. But then again, why own a stock that is not benefiting from good news that gives it better odds to rise in the future? Let’s dig into the earnings estimate details. Agreement of Analysts Analysts in general, are in consensus about the future outlook for Simon Property’s earnings, as is visible below. Seven analysts have increased their estimates for fiscal 2010, while only 3 have reduced them. For fiscal 2011, the picture is relatively bleak, with 8 analysts raising their earnings estimates and 5 lowering them. Magnitude of Estimate Revisions Earnings estimates …

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Coach: Earnings Scorecard – Analyst Blog

Filed in earnings, euro, Gold Investing, Gold Prices, ubs by on May 19, 2010 0 Comments

Coach, Inc. ( COH ), the designer and marketer of fine accessories and gifts, posted better-than-expected third-quarter 2010 results on April 20, 2010 on the heels of strong top-line growth and competitive pricing. Wall Street analysts have now had nearly a month to digest the news. Below we cover the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the short-term and long-term outlook for the stock. Earnings Report Review Coach’s quarterly earnings of 50 cents a share outpaced the Zacks Consensus Estimate of 46 cents, and jumped 31.3% from 38 cents delivered in the prior-year quarter. New York-based Coach said that total net sales climbed 12.3% year on year to $830.7 million. Direct-to-consumer sales jumped 15% to $726 million, driven by a 5.1% rise in the North American comparable-store sales and strong growth in the China business, which showed a double-digit rate increase in comparable-store sales. Indirect sales dropped marginally by 1% to $105 million due to lower shipments to U.S. department stores. (Read our full coverage on this earnings report: Coach Q3 Better Than Expected ) Earnings Estimate Revisions – Overview The Zacks Consensus Estimate has been on the rise since the earnings release. The rise in sales was a positive indication for the luxury-goods designer, battered by the recent economic downturn. Coach, the maker of handbags, wallets, shoes and other accessories, lowered prices on some of its merchandise, and introduced new styles to improve sales as consumers cut spending. The company’s long-term growth drivers include expansion of its global distribution model and forays into under-penetrated markets. After North America and Asia, Coach now plans to extend its global footprint in Western Europe. Agreement of Analysts In the last 30 days, 16 analysts out of 20 covering the stock raised their estimates for the upcoming fourth quarter, while five analysts raised and one analyst dropped estimates for the following quarter. For fiscal 2010 and 2011, 19 and 18 analysts raised their estimates, respectively. Magnitude of Estimate Revisions The Zacks Consensus Estimate for the upcoming fourth quarter moved upwards by 3 cents a share, and jumped 2 cents for the following quarter in the last 30 days. Moreover, the Zacks Consensus estimate for fiscal 2010 is up 8 cents, while for fiscal 2011, it is up 11 cents a share. The estimates in the current Zacks Consensus for fourth-quarter 2010 range from a low of 53 cents to a high of 59 cents. For fiscal 2010, the estimates range from $2.21 to $2.29. Coach in Neutral Lane Coach boasts a proven strategy of investing in stores to enhance store sales productivity through product innovation, compelling pricing strategy, new merchandise assortments, and a cost-effective global sourcing model, which should help drive comparable-store sales and operating margins over the

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Murphy Oil: Earnings Scorecard – Analyst Blog

Filed in Debt, earnings, Gold Investing, ubs by on May 18, 2010 0 Comments

Subsequent to Murphy Oil Corporation’s ( MUR ) earnings release dated May 5, 2010, the company’s share price has remained largely stable. Despite the earnings sinking below estimates in the quarter, the company’s position remains strong on back of expectations of improved results from its Exploration & Production (E&P) segment. Earnings Review Murphy Oil posted earnings from continuing operations of 77 cents per share in the first quarter of 2010, below the Zacks Consensus Estimate of $1.00. However, earnings were significantly higher than 37 cents reported last year, primarily driven by improved earnings in the E&P segment as a result of higher realized oil prices in the quarter. Earnings from Murphy’s E&P business improved a whopping 391% from a year-ago quarter, primarily due to a 50% higher average realized crude oil sales price. The Refining and Marketing segment posted an earnings loss of $29.7 million in the quarter versus a net income of $10.8 million posted in the year-ago quarter, mainly due to lower refining margins and planned shutdowns for major turnarounds at the company’s two largest refineries at Meraux in Louisiana and Milford Haven in Wales, UK. Revenues in the quarter improved 50% year over year to $5.2 billion, on account of improved oil and gas prices. We have discussed the quarterly results at length here: Murphy Sinks Below Ests Agreement of Analysts Estimate revisions for Murphy Oil have been mixed over the last 7-day and 30-day periods, depicting no specific earnings trend. Over the past week, 1 of 11 analysts lowered the estimates for the upcoming quarter, while none raised their estimates. Estimate revisions for fiscal 2010 drifted on the positive side, with 1 of 14 analysts raising estimates over the past week. None of the analysts lowered their estimates for 2010. For 2011, 3 of 16 analysts positively revised estimates in the last week, while 2 analysts made negative revisions. Over the last month, 3 (out of 11) analysts revised estimates upwards for the next quarter, while 5 cut down estimates. For 2010, estimate revisions were equal in both directions with 5 analysts (out of 14) raising their estimates and 5 lowering theirs. For 2011, we saw 7 (out of 16) upward revisions and 4 downward revisions in the past 30 days. Magnitude of Estimate Revisions Concurrent with the number of revisions for the second quarter 2010 and fiscal 2010 estimates, the current Zacks Consensus Estimate dropped 4 cents and climbed 15 cents, respectively, over the past week. Despite the greater number of positive revisions for 2011 estimates in the last 7 days, the Zacks Consensus Estimate declined 2 cents. Estimate revisions over the past month have resulted in the Consensus Estimate slipping 1 cent, respectively, for the next quarter and for fiscal 2010. Conversely, earnings estimate for fiscal 2011 moved up 7 cents as a result of analyst revisions. The current Zacks Consensus Estimates are $1.23, $4.84 and $6.55, respectively, for second quarter 2010, fiscal 2010 and fiscal 2011. Maintain Neutral Murphy continues to augment shareholder value by maintaining a superior E&P production profile. During the quarter, the company made steady progress on the production front, improving 24% year over year to 196,226 equivalent barrels per day, of which 70% was oil. In the first quarter, the company continued to ramp up production at projects started last year, including Thunder Hawk field in the Gulf of Mexico, Tupper field in British Columbia, Kikeh field offshore Sabah, and Azurite field offshore the Republic of Congo. Furthermore, the company announced successful well results at DC4 in the Gulf of Mexico, at the Dolfin prospect offshore Sabah, Malaysia, and in the Eagle Ford shale onshore Texas, all of which started this calendar year. Conversely, the quarter concluded with …

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Rob Stone Maintains OUTPERFORM Rating on Suntech (NYSE:STP)

Filed in euro, Gold Prices, Guidance, silver by on May 11, 2010 0 Comments

March 11, 2010 – Analyst Comments – Cowen’s Rob Stone reiterated an OUTPERFORM rating on Suntech (NYSE:STP) this morning, noting that “as long as Euro zone PV project credit continues to function, supporting volume growth, historical P/Book and EV/Sales rations suggest EPS risk largely priced into the stock. Preliminary Q110 Results Suntech expects Q110 revenues in range of $580 to $590 million, with gross margin of 19% to 20% (previous guidance of 18% to 20%). Expects foreign exchange loss of about $24 to $25 million due to weakness in the Euro vs. the dollar. Key Takeaways Estimates shipments rose about 17% Q/Q on roughly 15% Q/Q ASP decline Estimates Q2 EPS may come in 10% to 20% below street Thinks ASP pressure to be greater for European players “More normalized floor (for the stock) appears to be about 1.5x price/book and 1.6x EV/sales”….risk/reward still looks favorable.

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Earnings Preview: Sprint – Analyst Blog

Filed in earnings, lead, silver, ubs by on April 26, 2010 0 Comments

Sprint Nextel ( S ) is slated to report first-quarter 2010 results on Wednesday, April 28, 2010, ahead of the opening bell. The third-largest U.S. wireless carrier has not released any financial forecasts for the quarter. The current first quarter Zacks Consensus Estimate is a loss per share of 17 cents. In its fourth-quarter conference call, Sprint stated that it expects improvement in both postpaid and total subscriber losses in 2010 compared to the last year. Moreover, the carrier expects to continue generating positive free cash flow in 2010, driven by the ongoing cost-cutting measures. Sprint generated $2.8 million in free cash flow in 2009, the highest ever in the company’s history. Fourth Quarter Flashback Sprint reported fourth-quarter 2009 results with a net loss per share of 34 cents, worse than the Zacks Consensus Estimate of a loss of 18 cents. The carrier posted a net loss of $980 million, 40% lower than the net loss of $1,621 million (57 cents per share) reported a year ago. Consolidated revenue fell 7% year-over-year to $7.9 billion, below the Zacks Consensus Estimate of $8 billion, due to lower contributions from its wireline and postpaid wireless businesses. Revenues from the wireless segment dipped 5% year-over-year, attributable to sustained declines in the postpaid segment. However, declines in both total and retail postpaid customer bases were lower compared to the previous quarter. Losses in postpaid were partly offset by the sustained gains in the carrier’s Boost Mobile prepaid subscriber base. On the wireline side, revenues declined 13% year-over-year due to erosion in voice and data revenue. Estimate Revisions Trend Agreement Estimates for the first-quarter have been mixed over the past week and month. Out of a total of 25 analysts covering the stock, 1 analyst has lifted his/her earnings estimate over the last 7 days while 2 have moved in the opposite direction. Likewise, 4 analysts have raised their estimates while 5 made negative revisions over the last 30 days. For 2010, estimates have been inclined more towards the negative side over the last month with 6 analysts (out of a total of 28) have truncated their estimates while 2 have made positive revisions. Moreover, 2 analysts have cut their forecasts over the past week while 1 has increased his/her estimates. The Zacks Consensus Estimate of loss per share for 2010 is 65 cents, representing a roughly 11.6% improvement from 2009 loss per share of 74 cents. The near-term visibility for improvements in contract customer losses represents the key impetus for upward estimate revisions. Moreover, continued expansion of the 4G network footprint coupled with the forthcoming launch of 4G handset should provide a leeway to stabilize wireless revenues this year. Conversely, negative estimate revisions can be attributed to the sustained decline in the overall wireless subscriber base and the risk of lower customer additions in the Boost Mobile prepaid unit as competition intensifies in 2010 due to the aggressive roll-out of competitive price plans by the rivals. Magnitude The magnitude of revisions for the forthcoming quarter has plateaued over the last 30 and 60 days. However, there has been a decrease by a penny over the past week. Estimates for 2010 have gone down by 1 cent over the past week and month. With respect to earnings surprises, Sprint had three negative surprises and one positive surprise in the preceding four quarters. The struggling top-tier carrier produced…

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Accenture Forecast Misses Estimates as Clients Delay Spending

Filed in Gold Investing by on March 25, 2010 0 Comments

Accenture Plc, the second-largesttechnology-consulting company, forecast full-year profit thatmissed analysts’ estimates as consulting sales fell and astronger U.S. dollar crimped earnings. Profit this year will be $2.61 to $2.69 a share, theDublin- Accenture Forecast Misses Estimates as Clients Delay Spending

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