Stock market earnings preview for Thursday May 26
We have the 1st Qtr. earnings season just about behind us now and the results have been as good and in many cases better than expected, however it has not been enough to send the markets higher. In fact we have been starting to show signs of weakness in the major indices and the financial names have been weak for a few months now. Please visit the Equity Trader.me Market Summary Page and scroll down the page and notice the amount of Red days we have seen as of late , but more important the amount of times the financial names were Red while the indices were green. This continues to be a concern to me.
Below is a list of companies due to release earnings on Thursday May 26
Click on the company name for a link to their website and see chart link.
Signet Jewelers Ltd — (SIG) — Chart
Signet operated 1,857 specialty retail jewelry stores at January 29, 2011, these included 1,317 stores in the US, where its store brands include “Kay Jewelers”, “Jared The Galleria Of Jewelry” and a number of regional names. At the same date, Signet also operated 540 stores in the UK, where its store brands are “H.Samuel”, “Ernest Jones” and “Leslie Davis”.
Signet Jewelers Limited (“Signet”) (NYSE: SIG) (LSE: SIG), the world’s largest specialty retail jeweler, intends to announce its results for the 13 weeks ended April 30, 2011 (“first quarter Fiscal 2012”) at 7.30 a.m. EDT on Thursday, May 26 2011, there will be a conference call at 8.30 a.m. EDT.
10 day average daily volume — 1 Mil.
Shares outstanding — 86.8 Mil.
Market Cap. — 3.7 Bil.
P/E — 18
Expected EPS Growth — 22% — 0.73 vs 0.60
Rue21 Inc — (RUE) — Chart
rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. The Company currently operates 682 stores in 45 states.
The company will be holding a conference call to review its first quarter fiscal 2011 financial results on Thursday, May 26, 2011 at 4:30 p.m. EDT.
10 day average daily volume — 250 k.
Shares outstanding — 24.4 Mil.
Market Cap. — 692 Mil.
P/E — 23
Expected EPS Growth — 26% — 0.29 vs 0.23
Tiffany & Co — (TIF) — Chart
Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific, Japan and Europe and engages in direct selling through Internet, catalog and business gift operations.
Company is expected to release First Qtr. earnings before the market opens on Thursday, May 26th and hold a conference call at 8:30 am. ET.
10 day average daily volume — 1.4 Mil.
Shares outstanding — 127.5 Mil.
Market Cap. — 8.7 Bil.
P/E — 23
Annual Dividend Yield — 1.7%
Expected EPS Growth — 19% — 0.57 vs 0.48
Quality Systems Inc — (QSII) — Chart
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals.
Management will host a conference call to review results of its fiscal 2011 fourth quarter and year-end on Thursday, May 26, 2011 at 11:00 AM ET (8:00 AM PT). Quality Systems’ financial results for the fiscal 2011 fourth quarter and year-end will be released prior to market open on Thursday, May 26, 2011.
10 day average daily volume — 150 k.
Shares outstanding — 29 Mil.
Market Cap. — 2.6 Bil.
P/E — 45
Annual Dividend Yield — 1.6%
Expected EPS Growth — 36% — 0.61 vs 0.45
Omnivision Technologies Inc — (OVTI) — Chart
OmniVision Technologies, is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today’s consumer and commercial applications, including mobile phones, notebooks, tablets and webcams, entertainment devices, security and surveillance systems, digital still and video cameras, automotive and medical imaging systems.
OmniVision will release its financial results for the fourth quarter of fiscal 2011 following the close of market on Thursday, May 26, 2011. The Company will host a conference call to discuss its financial results at 5:00 p.m. Eastern time on that day.
10 day average daily volume — 1.8 Mil.
Shares outstanding — 57.6 Mil.
Market Cap. 2 Bil.
P/E — 21
Expected EPS Growth — 261% — 0.65 vs 0.18
Bio-Reference Laboratories Inc – (BRLI) – Chart
BRLI is the fourth largest full service laboratory in the United States and the largest independent regional laboratory in the Northeastern market, primarily a clinical testing laboratory servicing physician offices with concentrations in the focused markets of esoteric testing, molecular diagnostics, anatomical pathology, women’s health and correctional health care. BRLI operates as a national oncology laboratory as GenPath.
BioReference Laboratories, plans to issue earnings results for the second quarter of fiscal 2011 before the open of market trading on Thursday, May 26, 2011. The Company’s earnings conference call is to take place the same day at 10:30 a.m. EDT.
10 day average daily volume — 140 k.
Shares outstanding — 27.9 Mil.
Market Cap. — 655 Mil.
P/E — 21
Expected EPS Growth — 14% — 0.24 vs 0.21
That is all for now
Best Wishes,, $$$,, ET.
“All the so-called “secrets of success” will not work unless you do.”