Top Earnings Previews For Wednesday (ADI, ANGI, SAM, CHS, CLH, ESRX, FLR, GRMN, HPQ, LTD, PAAS, SINA, TJX, TOL, ZLC)
This week is still slated to be busy for earnings reports. We have compiled earnings previews for the following stocks reporting Wednesday: Analog Devices Inc. (NYSE: ADI); Angie’s List Inc. (NASDAQ: ANGI); Boston Beer Co. (NYSE: SAM); Chico’s FAS Inc. (NYSE: CHS); Clean Harbors Inc. (NYSE: CLH); Express Scripts Inc. (NASDAQ: ESRX); Fluor Corp. (NYSE: FLR); Garmin Ltd. (NASDAQ: GRMN); Hewlett-Packard Co. (NYSE: HPQ); Limited Brands Inc. (NYSE: LTD); Pan American Silver Corporation (NASDAQ: PAAS); SINA Corp. (NASDAQ: SINA); TJX Companies, Inc. (NYSE: TJX); Toll Brothers Inc. (NYSE: TOL); and Zale Corporation (NYSE: ZLC).
Included in the previews are some pricing data and color on each preview. Estimates are the consensus targets from Thomson Reuters.
Analog Devices Inc. (NYSE: ADI) is now up 35% from last year’s low and within about 6% of a 52-week high after many of the chip names have had phenomenal 2012 moves. Estimates are $0.48 EPS on $662.3 million in sales.
Angie’s List Inc. (NASDAQ: ANGI) is set to see its first public earnings release. We have always wondered about its lack of earnings as sort of unacceptable, but so far Wall Street has stayed by it. Estimates are -$0.11 EPS on $25.38 million in sales. At $15.20, the post-IPO range is $10.77 to $18.75.
Boston Beer Co. (NYSE: SAM) remains at a premium value on its earnings at 24-times expected 2012 earnings estimates. Estimates are $1.12 EPS and $131.6 million in sales.
Chico’s FAS Inc. (NYSE: CHS) is still trying to get its ship back in order. Estimates are $0.11 EPS and $546.66 million in sales.
Clean Harbors Inc. (NYSE: CLH) has remained highly valued and it has recently split its stock after an incredible share move in recent years. Estimates are $0.48 EPS and $506.04 million in sales. 4Q 0.49
Express Scripts Inc. (NASDAQ: ESRX) is still pending a review by the FTC in its attempt to acquire Medco. Many feel that the deal could be blocked. Earnings estimates are $0.85 EPS on sales of $11.6 billion.
Fluor Corp. (NYSE: FLR) still remains well off of its highs and is still at a premium at 16.5-times expected 2012 earnings for this infrastructure design leader. Estimates are $0.82 EPS and $6.38 billion in sales.
Garmin Ltd. (NASDAQ: GRMN) is expected to report $0.66 EPS on $769.9 million in sales. The turnaround continues here as it continues to move away from being dependent upon Garmin sales for in-car navigation.
Hewlett-Packard Co. (NYSE: HPQ) is still just getting a plan underway for its Meg Whitman-lead turnaround. Estimates are $0.87 EPS on $30.7 billion in sales.
Limited Brands Inc. (NYSE: LTD) is expected to post $1.46 EPS and $3.47 billion in sales.
Pan American Silver Corporation (NASDAQ: PAAS) is expected to report earnings of $0.51 EPS on $229.59 million in revenues. We will be looking for its cost per ounce of production in silver.
SINA Corp. (NASDAQ: SINA) is expected to report $0.21 EPS on $129.34 million in sales. This stock remains down by more than half from last-year’s highs.
TJX Companies, Inc. (NYSE: TJX) remains at a premium valuation and shares hit a new all-time high on Tuesday. Estimates are $0.62 EPS on $6.72 billion in sales.
Toll Brothers Inc. (NYSE: TOL) is expected to report $0.02 EPS on $360.8 million in sales. Home builders are profitable again, often from ‘other’ activities. Shares just hit a new 52-week high on Tuesday.
Zale Corporation (NYSE: ZLC) is expected to post its “money quarter” that includes the holiday sales. Estimates are $0.77 EPS on $657.38 million in revenue. Keep in mind that this company is still expected to lose money for its full year ending in July.
JON C. OGG