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Hot Topic reports in-line (HOTT) : Reports Q4 (Jan) earnings of $0.38 per share, in line with the Reuters Estimates consensus of $0.38; revenues rose 8.8% year/year to $211.3 mln vs the $211.1 mln consensus.
DHB Industries beats by a penny (DHB) : Reports Q4 (Dec) earnings of $0.18 per share, $0.01 better than the Reuters Estimates consensus of $0.17; revenues rose 23.7% year/year to $90.2 mln vs the $92.8 mln consensus.
Ford Motor reaffirms 2005 financial guidance (F) Co expects Q1 EPS to be in the range of $0.25-$0.35 (consensus $0.40), excluding special items. Expects FY05 EPS of $1.75-$1.95 (consensus $1.75), excluding special items. Co also reaffirmed its full-year operating-related cash flow guidance, which is $1.2 bln to $1.5 bln positive. "The market is not getting easier and we certainly face many challenges...but we are maintaining our full-year earnings guidance, although we expect to be at the lower end of the range."
Steel Dynamics sees 1Q05 EPS of $1.10-$1.20 vs consensus of $1.44 (STLD) 39.77 -0.59: -- Update -- Co now expects 1Q05 EPS of $1.10-$1.20 (consensus $1.44). The expected results will be below previous guidance due to soft market conditions lasting longer than previously expected, higher than expected raw material costs and unplanned production outages that will result in reduced shipments. The company expects 2Q05 results to be substantially stronger than Q1, up some 30-40%. With an outlook for lower imports and sustained strength in domestic steel markets, FY05 earnings could match or exceed 2004's performance.
C.R. Bard ups guidance (BCR) : Company issues upside guidance for Q1 (Mar), sees EPS of $0.70 vs. Reuters Estimates consensus of $0.67, previous company guidance called for $0.65-0.66. "We are pleased that 2005 is off to a solid start. Strong gross margin performance coupled with lower than expected spending levels in the first quarter are the primary drivers. We anticipate increased R&D investment throughout the balance of the year; therefore our full-year guidance remains unchanged."
Worthington beats by $0.07 (WOR) 20.29: Reports Q3 (Feb) earnings of $0.42 per share, excluding a $0.05 charge, $0.07 better than the Reuters Estimates consensus of $0.35; revenues rose 33.9% year/year to $747.4 mln vs the $733.7 mln consensus.
E*TRADE reports monthly business metrics for Feb (ET) 12.75: Co reports Retail DARTs increased 0.9% from Jan, Professional DARTs decreased 17.5% and Total DARTs decreased 6.0%. Co reports that avg margin debt balances decreased 0.5%, or by $11 mln, to $2.23 bln, and that total retail assets and deposits in customer accounts increased 2.0% to $97.1 bln. Gross new accounts totaled 55,028.
First American Financial-FAF initiated with an Overweight tgt $45
opinion @ SPHN
We believe FAF is a solid company capable of generating above-average returns for extended periods of time
EXPO - Exponent-EXPO sees Q4 eps of .20c-.22c below consensus est of .30c - Sees Q4 revenue of $34.5M-$35M below consensus est of $37.35M. Sees 2004 eps of$1.39-$1.41 below consensus est of $1.50, sees 2004 revenue of $151M-$151.5M below consensus est of $153.8M.
Exactech Inc-EXAC raising target but weak Qtr & new product luanch delay-
opinion @ FACT
Raising target to $18.75 from $17.75 to reflect our forward 12 month estimates.
Energy Transfer Partners-ETP reports Q1 eps of .55c below consensus est of .60c
Reports Q1 revenue of $907.7M above consensus est of $609.08M.
Tower Group-TWGP raising tgt to $15 from $14 after investor meeting-
opinion @ KBWI outperform
Management discussed their outlook on the company's growth potential (both organically and through acquisitions), and highlighted TWGP's process-driven underwriting model
RPM Inc reports Q2 in line, light on revs; reaffirms Y05 (RPM) Reports Q2 (Nov) earnings of $0.33 per share, excluding $0.02 in charges, in line with the Reuters Estimates consensus of $0.33; revenues rose 7.2% year/year to $623.5 mln vs the $628.3 mln consensus. Co continues to anticipate "high single-digit growth in revenues and 10-12% growth in earnings for Y05, after adjusting for asbestos reserve charges" (Reuters consensus $1.34, revs $2.5 bln)
Bear Stearns beats by $0.30 (BSC)Reports Q1 (Feb) earnings of $2.64 per share, $0.30 better than the Reuters Estimates consensus of $2.34; revenues rose 6.5% year/year to $1.84 bln vs the $1.7 bln consensus.
Cypress Biosci beat by a penny (CYPB) 9.62: Reports Q4 (Dec) loss of $0.08 per share, $0.01 better than the Reuters Estimates consensus of ($0.09). Co reports Q4 revs of $3.29 mln, consensus $3.13 mln.
Southwest Gas Corp. said Monday that improved weather conditions helped its fourth-quarter earnings to rise 17 percent, beating Wall Street estimates.
The natural gas distributor earned $40.4 million, or $1.11 per share, up from $34.5 million, or $1 per share, a year earlier. Analysts surveyed by Thomson First Call expected earnings of $1.07
Revenue increased 31 percent to $460.5 million from $351.7 million. The company said favorable weather conditions contributed $9 million to its operating margin, while rate relief added $7 million and customer growth contributed $6 million.
The growth was partly offset by a 7 percent increase in operating costs to $7.4 million. Southwest Gas attributed this to general cost increases and expenses related to new customers. Financing costs rose $2.8 million because of higher outstanding debt.
For the year, profit surged 48 percent to $56.8 million, or $1.60 per share, from $38.5 million, or $1.13 per share, in 2003. Analysts were looking for profit of $1.53 per share.
Michaels Stores reaffirms (MIK)Company issues in-line guidance for Y06 (Jan), sees EPS of reaffirms $1.74-1.81, ex items vs. Reuters Estimates consensus of $1.78.
Albertson's-ABS 4Q EPS miss due to non-cash lease charge & hurricane costs
opinion @ BBNT hold
ABS set 2005 EPS guidance at $1.33-$1.43, which includes $0.04 of anticipated incremental stock option expense. Due to very difficult competitive environment, the firm is reducing their 05 EPS forecast to $1.40 from $1.50-
SAP AG-SAP lowering est on disappointing Q2 pipeline,
opinion @ PACS steady
Wabtec-WAB raising 05 est based on increased guidance for 2005-maint Hold: opinion @ BBNT
Campbell Soup-CPB reports Q2 eps of .57c below consensus est of .59c
Reports Q2 sales of $2.22B vs consensus est of $2.21B. Sees 2005 eps up 5%-7%.
Lithia Motors-LAD reports Q4 eps of .52c above consensus est of .48c
Reports Q4 revenue of $669.8M below consensus est of $683.95M. Sees Q1 eps of .43c-.45c above consensus est of .42c. Sees 2005 eps of $2.33-$2.43 in-line with consensus est of $2.40.
Amkor (AMKR) analyst @ RBC Capital Mkts upgrades Underperform to SECTOR PERFORM. Target $3 to $7. Firm says their channel checks indicate that the back-end foundries' forecasts have been trending up after the Chinese New Year, confirming their thesis. They think ASE, Amkor, SPIL and STATSChipPAC are good indicators of the strength of the semiconductor industry. Although there are signs of wafer forecasts being cut at major foundries, they believe wafer banks at the co are at an all time high and will be used to package and test before starting the wafers at foundries.
Harris guides higher for FY '06, ahead of analyst meeting (HRS) Co guides FY '06 EPS in range of $3.25 to $3.35 pre-split, vs. $3.25 Reuters consensus. Co expects revs growth of 8 to 10% in FY '06 vs. analyst expectations of about 11%, based on Reuters consensus.
STAAR Surgical reports $0.04 below consensus, ex-item (STAA) : Reports Q4 (Dec) loss of $0.19 per share, ex-item, $0.04 worse than the Reuters Estimates consensus of ($0.15); revenues rose 9.4% year/year to $14 mln vs the $13 mln consensus.
Men's Wearhouse beats by $0.04; guides above consensus (MW) : Reports Q4 (Jan) earnings of $0.68 per share, $0.04 better than the Reuters Estimates consensus of $0.64; revenues rose 8.5% year/year to $458.7 mln vs the $459.3 mln consensus. Company issues upside guidance for Q1 (Apr), sees EPS of $0.49-0.50, ex items vs. Reuters Estimates consensus of $0.48. For Y06 Co sees EPS of $2.40-2.50, ex items, consensus $2.24.
Martek Biosci reports in line (MATK) : Reports Q1 (Jan) earnings of $0.23 per share, in line with the Reuters Estimates consensus of $0.23; revenues rose 86.8% year/year to $66.5 mln vs the $64.8 mln consensus.
Cooper Cos beats by $0.04, ex items; revs light (COO) : Reports Q1 (Jan) earnings of $0.58 per share, ex items, $0.04 better than the Reuters Estimates consensus of $0.54; revenues rose 34.8% year/year to $147.9 mln vs the $152 mln consensus.
McGraw-Hill announces acquisitions; provides Y05 outlook (MHP) Co states that it is using strategic acquisitions and partnerships to strengthen its platforms for growth in each of the three major markets it serves -- financial services, education, and information and media services. Co will spend approx $420 mln in cash on acquisitions; including acquisition of J.D. Power. Acquisitions will dilute Y05 EPS by $0.06-$0.07, of which about $0.04-0.05 will hit in Q2, primarily because of J. D. Power's seasonality. Co states that impact on Y06 will be around $0.03, and will be cash positive. Co previously guided double-digit growth in EPS in Y05, including $0.10-0.12 charge, excluding $0.10 benefit. Co now expects high single-digit growth in EPS, including $0.16-0.19 cents of dilution from acquisitions, while still excluding $0.10 benefit.
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McGraw-Hill-MHP initiated with a Neutral, valu'n reflects growth: opinion @ FLCR
WPT Enterprises earnings color (WPTE) 19.50: As we posted last night, company did report a Q4 loss of $0.02 per share. However, this included a charges of $656,000 and $700,000 that analysts appear to have excluded from their estimates. Excluding these charges, WPTE's pro forma EPS was $0.05, $0.04 better than Reuters consensus of $0.01.
Danaher tightens guidance range (DHR) 55.23: Company tightens the guidance range for Q1 (Mar), EPS of $0.55-0.57 from $0.52-0.57 vs. Reuters Estimates consensus of $0.57.
American Axle cuts forecast (AXL) Company issues downside guidance for Q1 (Mar), sees EPS of $0.25-0.30 vs. Reuters Estimates consensus of $0.38. "2005 will be a challenging year for the entire domestic automotive industry. The same is true for A.A.M.".
Blyth Industries beats by $0.06; reaffirms (BTH) Reports Q4 (Jan) earnings of $0.95 per share, $0.06 better than the Reuters Estimates consensus of $0.89; revenues rose 2.5% year/year to $498.8 mln. Company reaffirms guidance for Y05 (Jan), sees EPS of $2.35-2.40 vs. Reuters Estimates consensus of $2.25.
Laidlaw-LI raising target to $23(achieved today) from $20 on higher free cash flow in Q4-opinion @ JEFF steady
LifeCell Corp reports in-line, ex items; guides in-line (LIFC)Reports Q4 (Dec) earnings of $0.04 per share, ex items, in line with the Reuters Estimates consensus of $0.04; revenues rose 50.5% year/year to $16.7 mln vs the $16.5 mln consensus. Company issues in-line guidance for Y05 (Dec), sees EPS of $0.22-0.24 vs. Reuters Estimates consensus of $0.23 on revs of $73-77 mln, consensus $77 mln.
Fair Isaac beats by $0.07, ex items (FIC): Reports Q1 (Dec) earnings of $0.43 per share, ex items, $0.07 better than the Reuters Estimates consensus of $0.36; revenues rose 15.5% year/year to $195.5 mln vs the $195.5 mln consensus
Harte-Hanks Communications-HHS reports Q4 eps of .32c above consensus est of .31c
Reports Q4 revenue of $277.5M above consensus est of $274.42M
Huntington Banc reports in-line; guides Y05 below consensus (HBAN) Reports Q4 (Dec) earnings of $0.43 per share, in line with the Reuters Estimates consensus of $0.43. Company issues guidance below consensus for Y05 (Dec), sees GAAP EPS of $1.78-1.83 vs. Reuters Estimates consensus of $1.85
Imergent (IIG) Merriman Curhan Ford downgrades Buy to NEUTRAL. Merriman downgrades IIG to Neutral from Buy as they recommend that investors stay on sidelines until there is more clarity on the lawsuit with the State of Texas. Firm also has concerns that inadequate customer support issues persist and that the co could be subject to similar lawsuits from other states.
Delphi Auto (DPH) CSFB downgrades. Target $6 to $4. CSFB downgrades DPH following the co's announced resignation of Vice Chairman and Chief Financial Officer, Alan Dawes. From a valuation perspective, firm thinks the loss of Mr.Dawes may ultimately push a recovery in the co's profitability a bit further into the future. Also, they note GM's disappointing share trend, and projections for June month-end inventories suggest that further production cuts may be necessary in 2H05.