Stock market earnings preview for the week of June 27
Although we are still a few weeks away from 2nd qtr. earnings season starting, we still have companies reporting and below I have shared a small handful with you. I have created a link to company website by clicking on the company name as well as a link to a chart.
As always if you have any questions at all or would like to talk about any of the stocks here , please email me at [email protected]
Nike Inc. Cl B — (NKE) — Chart
NIKE, Inc. based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned Nike subsidiaries include Cole Haan, Converse Inc.,Hurley International LLC,,and Umbro Ltd.,
NIKE, Inc. plans to release its fourth quarter and fiscal 2011 financial results, including a discussion of the company’s results by operating segment, on Monday, June 27, 2011 at approximately 1:15 pm PT after the close of regular stock market trading hours.
10 day average daily volume — 3 mil.
Shares outstanding — 474.1 mil.
Market Cap. — 38.5 Bil.
P/E — 19
Annual Dividend Yield — 1.5%
Expected EPS Growth — 9% — 1.16 vs 1.06
Standard Microsystems Corp – (SMSC) — Chart
SMSC is a leading developer of Smart Mixed-Signal Connectivity(TM) solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, automobiles, portable consumer devices and other applications.
SMSC , will host a conference call to discuss first quarter fiscal 2012 results on Monday, June 27, 2011 at 5:00 P.M. ET. Results will be released after the market closes.
10 day average daily volume — 230 k.
Shares outstanding — 23.2 mil.
Market Cap. — 543 mil.
P/E — 50
Expected EPS Growth — // -15% — 0.28 vs 0.33
Progress Software Corp — (PRGS) — Chart
PRGS, is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur — to capitalize on new opportunities, drive greater efficiencies and reduce risk.
Progress Software Corp. will announce its 2011 fiscal second quarter earnings on Tuesday, June 28 at approximately 5:00 p.m. Eastern Daylight Time (EDT). At the same time, Progress Software will also provide a copy of its prepared remarks in anticipation of its quarterly investor conference call that will be held on Wednesday, June 29 at 9:00 a.m. (EDT).
10 day average daily volume — 500 k.
Shares outstanding — 67 mil.
Market Cap. — 1.6 Bil.
P/E — 22
Expected EPS Growth — / -3% — 0.38 vs 0.39
SYNNEX Corp — (SNX) — Chart
SYNNEX Corp. is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Founded in 1980, SYNNEX employs over 10,000 full-time and part-time associates worldwide.
SYNNEX Corp. will announce fiscal second quarter results for the period ended May 31, 2011 after market close on Tuesday, June 28, 2011. A conference call will be held to discuss the results at 5:00 p.m. ET
10 day average daily volume — 150 k.
Shares outstanding — 36.3 mil.
Market Cap. — 1.1 Bil.
P/E — 9
Expected EPS Growth — 14% — 0.80 vs 0.70
Monsanto Co. — (MON) — Chart
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world’s natural resources such as water and energy.
Monsanto Company (NYSE: MON) announced it will issue the company’s financial results for its fiscal 2011 third quarter on Wednesday, June 29, 2011, prior to market open. A conference call is scheduled for 9:30 ET.
10 day average daily volume — 3.5 mil.
Shares outstanding — 536 mil.
Market Cap. — 35.4 Bil.
P/E — 28
Annual Dividend Yield — 1.7%
Expected EPS Growth — 37% — 1.11 vs 0.81
Family Dollar Stores Inc. — (FDO) — Chart
Beginning with one store in 1959 in Charlotte, North Carolina, the Company currently operates more than 6,800 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange.
Family Dollar Stores, will release earnings on June 29th before the market open and host a conference call at 10 am. that same day.
10 day average daily volume — 1.2 mil.
Shares outstanding — 122.3 mil.
Market Cap. — 6.4 Bil.
Annual Dividend Yield — 1.4%
Expected EPS Growth — 23% — 0.95 vs 0.77
Lindsay Corp — (LNN) — Chart
Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor. The Company also manufactures and markets infrastructure and road safety products through its wholly owned subsidiaries,
Lindsay Corp., plans to release financial results for its fiscal 2011 third quarter ended May 31, 2011, before the market opens on Wednesday, June 29, 2011. Conference call to follow at 11 am. that same day.
10 day average daily volume — 175 k.
Shares outstanding — 12.6 mil.
Market Cap. — 780 mil.
P/E — 28
Expected EPS Growth 94% — 0.97 vs 0.50
Acuity Brands Inc — (AYI) — Chart
Acuity Brands, Inc. is a North American market leader and one of the world’s leading providers of luminaires, lighting control systems and related products and services with fiscal year 2010 net sales of over $1.6 billion.
Acuity Brands, Inc. (NYSE: AYI) will host a conference call on Wednesday, June 29, 2011, at 10:00 a.m. ET to discuss the Company’s performance for the third quarter of fiscal 2011, following the announcement of those results earlier that day.
10 day average daily volume — 480 k.
Shares outstanding — 43.3 mil.
Market Cap. — 2.4 Bil.
P/E — 25
Expected EPS Growth — 31% — 0.63 vs 0.48
Darden Restaurants Inc. — (DRI) — Chart
Darden Restaurants, Inc.,headquartered in Orlando, Fla., is the world’s largest company-owned and operated full-service restaurant company with over $7.1 billion in annual sales and approximately 180,000 employees, restaurant brands — Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52.
Darden will release earnings after the close on June 30, Darden Restaurants, Inc., will host its Fiscal 2011 Fourth Quarter conference call on Friday, July 1, 2011 at 8:30 am ET.
10 day average daily volume — 1.7 mil.
Shares outstanding — 136.4 mil.
Market Cap. — 6.6 Bil.
P/E — 15
Annual Dividend Yield — 2.6%
Expected EPS Growth — 23% — 1.00 vs 0.81
Schnitzer Steel Industries Inc — (SCHN) — Chart
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 57 operating facilities located in 14 states, Puerto Rico and Western Canada. The Company has seven deep water export facilities located on both the West and East coasts as well as in Hawaii and Puerto Rico.
Schnitzer Steel , will report its third quarter 2011 financial results on Thursday, June 30, 2011 and will webcast a conference call to discuss the performance at 11:30 a.m. Eastern on the same day.
10 day average daily volume — 300 k.
Shares outstanding — 27.5 mil.
Market Cap. — 1.4 Bil.
P/E — 14
Expected EPS Growth — / -17% — 1.19 vs 1.43
That is all for now
Best Wishes ,, $$$,, ET.
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” Colin Powell
Like the Equity Trader.me Facebook Page