Tag Archives: Earnings
Disney: Riding The Success Of ‘The Avengers’ To Future Earnings Growth
It’s safe to say that the last week and a half have been huge for the House of Mouse. As everyone knows, The Avengers shattered the record for domestic box office sales at $ 207 million, and this past weekend it became one among a handful of films to gross over $ 1 billion internationally. While setting a new standard in opening weekend sales, The Avengers also became the first substantial vindication of Disney’s (DIS) purchase of Marvel Comics, announced in 2009. I have mentioned this before, but Paramount retained the distribution rights to Marvel movies up to this point, which included the first two Iron Man movies, Captain America, and Thor. But from here on out Disney will hold these rights and the prospect of such is very encouraging.
In other big news, Disney announced their second quarter earnings last Tuesday at $ 0.58/share. This was significant because it was an 18%
Activision Blizzard’s Q1 Earnings Fall, but Still Beat View (ATVI)
Video game publisher Activision Blizzard, Inc. (ATVI) late Wednesday posted first quarter earnings results that tumbled nearly 24% from last year, but adjusted results still bested Wall Street’s expectations.
The Santa Monica, CA-based company reported first quarter net income of $ 384 million, or 33 cents per share, down from $ 503 million, or 42 cents per share, in the year-ago period. Excluding one-time gains from deferred sales, adjusted profit was 6 cents per share.
Adjusted revenue plunged 22% from last year to $ 587 million.
On average, Wall Street analysts expected a smaller profit of 6 cents per share, on lower revenue of $ 556.4 million.
Activision Blizzard shares closed flat in Wednesday trading.
The Bottom Line
Shares of Activision Blizzard (ATVI) have a 1.45% dividend yield, based on today’s closing stock price of $ 12.40. The stock has technical support in the $ 10.50-$ 11.00 price area. If the shares can firm up, we see overhead resistance around the $ 13-$ 14 price levels.
Cramer’s Mad Money – The Best Quarter In This Earnings Season So Far (5/7/12)
By SA Editor Miriam Metzinger:
Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Monday May 7.
CEO Interview: Irwin Simon, Hain Celestial (HAIN)
Cramer declared that Hain Celestial’s (HAIN) quarter was the “best quarter in earnings season so far.” Last Thursday, the company reported a 4 cent earnings beat with revenues up 31.5%. Earnings growth accelerated from 7% to 9%. Even though Hain had run up 29% into the quarter from the beginning of the year, the stock did not drop after earnings, but rose an additional 6%. Hain’s shares have seen a 184% gain since Cramer got behind it two years ago, and a 23% rise since CEO Irwin Simon appeared on Mad Money in February. The stock is not cheap, with a multiple of 24 and a 10% long-term growth rate, but Cramer thinks the latter number is too conservative. In spite of the warm weather, soup sales
Flowserve Q1 Earnings Rise, Topping Estimates; Forecast Reiterated (FLS)
Flow control systems maker Flowserve Corporation (FLS) late Monday posted better-than-expected first quarter earnings results and stood by its previously-announced full-year outlook.
The Irving, TX-based company reported first quarter net income of $ 1.07 billion, or $ 1.69 per share, beating the average Wall Street analyst expectation of $ 1.62 per share.
Looking ahead, FLS reiterated its full-year 2012 outlook of $ 8.00 to $ 8.80 per share, while analysts are looking for $ 8.61 per share for the year.
Flowserve shares closed down 95 cents, or -0.8%, in Monday trading.
The Bottom Line
Shares of Flowserve Corporation (FLS) have a 1.25% dividend yield, based on today’s closing stock price of $ 114.93. The stock has technical support in the $ 100-$ 105 price area. If the shares can firm up, we see overhead resistance around the $ 120-$ 127 price levels.
Flowserve Corporation (FLS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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.
Earnings Results Outweigh GDP Disappointment
US stock (http://en.wikipedia.org/wiki/Stock) futures point to a higher open Friday, shaking off last night’s S P downgrade of Spain (http://maps.google.com/maps?ll=40.4333333333,-3.7 spn=10.0,10.0 q=40.4333333333,-3.7 (Spain) t=h) and today’s worse than expected GDP (http://en.wikipedia.org/wiki/Gross_domestic_product) reading. GDP climbed 2.2% versus expectations of 2.7%, while last quarter the country’s output rose 3%. Helping to offset these negative headlines were another round of strong earnings, headlined by Amazon (AMZN (http://www.google.com/finance?q=NASDAQ:AMZN)). The stock is up nearly 17% after far surpassing Wall St (http://maps.google.com/maps?ll=40.7063888889,-74.0094444444 spn=0.01,0.01 q=40.7063888889,-74.0094444444 (Wall%20Street) t=h) earnings estimates last night. Goodyear (http://www.google.com/finance?q=NYSE:GT) (GT) swung to a loss in the first quarter but still beat expectations, with the stock rising 3.5% in premarket. On the flipside, Dow component Proctor Gamble (http://www.google.com/finance?q=NYSE:PG) (PG) saw net profit…
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Apple (AAPL) Back Over 600 After Impressive Earnings
The Dow and S P recovered from yesterday’s loss Tuesday, but the Nasdaq continued lower as Apple (AAPL) sank ahead of its Q1 earnings results. Earnings from AT T this morning revealed slightly lackluster iPhone sales compared to last quarter, sparking some anxiety over whether AAPL can continue its torrid earnings growth pace. 5:00 Update: Apple (AAPL) is up more than $ 60 (~10%) after the close following another strong earnings report. Better than expected new homes sales figures also helped boost the market in the morning, but action was muted as investors waited for AAPL results and tomorrow Fed rate decision. Gold also recovered overnight, but was couldn’t gain any momentum during the session. Baidu (BIDU) also reported earnings after…
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Apple: Earnings Are Coming, and Things Are Looking a Lot Dicier This Time Around [UPDATED]
UPDATED All the concerns stated below have been rendered absolutely meaningless as Apple (AAPL) knocked the cover off the ball with its fiscal second-quarter earnings report sending the stock back up above the $ 600 mark. The company reported a profit of $ 12.26 per share smashing the consensus estimate of $ 10.06 per share. Sales were also very strong at $ 39.2 billion easily surpassing Wall Street's expectations for $ 36.8 billion in revenue. iPad sales were slightly weaker-than-expected at 11.8 million. However the company shipped a whopping 35 million iPhones surpassing the Street's estimates and quelling a major investor concern. After the close
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Strong Earnings, European Gains Boost US Futures
US stock futures are higher Friday morning after a round of strong corporate earnings from a host of big names. General Electric (http://www.google.com/finance?q=NYSE:GE) (GE), McDonald’s (http://www.google.com/finance?q=NYSE:MCD) (MCD) and Microsoft (MSFT (http://www.google.com/finance?q=NASDAQ:MSFT)) are all trading higher this morning after beating Wall St (http://maps.google.com/maps?ll=40.7063888889,-74.0094444444 spn=0.01,0.01 q=40.7063888889,-74.0094444444 (Wall%20Street) t=h) expectations. European stocks also traded higher, shaking off increasing worries about Spain’s (http://maps.google.com/maps?ll=40.4333333333,-3.7 spn=10.0,10.0 q=40.4333333333,-3.7 (Spain) t=h) debt load and rising borrowing costs. Not all is rosy on the earnings front, though, as SanDisk (SNDK (http://www.google.com/finance?q=NASDAQ:SNDK)) is trading sharply lower after its report. A warning from Apple (AAPL (http://www.google.com/finance?q=LON:APC)) sent the stock tumbling in early April, and today’s report has the stock near 52 week lows. *DISCLOSURES: Evan Lazarus is short SPY, LULU.
Upbeat On Possible Earnings Surprises From Skullcandy And Sonic Automotive
By Tom Payne:
Extremely large short positions create a degree of excitement around earning announcements. A large short position can be quite an accelerate for price appreciation if earnings beat the street estimate. Low beta stocks can suddenly gap up, leading to a flurry of short covering.
The Examples
Sourcefire Inc., Inc (FIRE) has a huge short position. The institutional holdings in Sourcefire is 114% of the outstanding shares. The short interest is approximately 16%, and it would take 10 days to cover. The earnings announced on 2/12/2012 beat the street estimate and the stocked gaped from about $ 34 to $ 37. The stock then traded straight to $ 50.
Ultimate Software Group, Inc. (ULTI) put out their 3rd quarter earnings and the stock gaped up. ULTI gaped from about $ 52 to $ 56. Since then ULTI has traded as high of $ 72.29. Institutions at the time owned slightly over 100% of the outstanding shares. The
Cramer: Lowe’s Solid Earnings – More Than a Weather Blip
Jim Cramer explains that Lowe’s is regaining share as it benefits from its restructuring and a housing recovery.
