Issues and numbers of some company launched its earnings report on this week.
American Water Works Company, Inc. (AWK) reported Q32013 earnings from continuing operations of 84 cents/share, missing the estimations by a penny. Quarterly earnings were 2.3% lower than the year-ago figure. The disappointing performance was primarily due to lower-than-normal weather conditions, and an increase in depreciation expenses as well as general taxes. The company’s operating revenues were $829.2 million. It also missed the preliminary estimations by $33.8 million. On a year-over-year basis, revenues edged down 0.3% from $831.8 million. Paper's price upped on Friday after a sliding.
CME Group (CME) is in a strong bullish mood after its report. The financial services company reported Q3 2013 operating earnings per share of 75 cents. Results comfortably surpassed the analysts poll of 73 cents and the year-ago quarter figure of 66 cents. Total revenues climbed 4.6% year over year to $714.6 million and were almost in line with the polled of $714 million. The year-over-year growth resulted primarily from an accretion in clearing and transaction fees due to incremental volumes within interest rate, equity, energy, metal commodity and option products. However, lower average rate per contract as well as deteriorated revenues from market data and information services along with access and communication fees partially offset the upside. CME Group’s average daily volume jumped 11% year over year to 12.0 million contracts in the reported quarter, primarily driven by growth across the Asian, U.S, European and Latin American markets.
California Water Service Group (CWT) announced Q3 2013 adj EPS of 61 cents/share, surpassing the preliminary estimations of 52 cents by 17.3%. Price continued its uptrend. The major challenge ahead for water utility operators in the U.S. is the aging water and sewer infrastructure. Maintenance and development of facilities play a crucial role and will test the financial capabilities of these water utilities.
Bloomin' Brands Inc (BLMN) had a wild Wednesday, in reaction to its Q3 results from late Tuesday. The operator of Outback Steakhouse and other restaurants earned 10 cents a share in the latest quarter, up 25% from a year ago. Bloomin' Brands matched expectations. Thanks mostly to new store openings, sales edged up 2% to $967.6 million, missing views. It opened 51 new restaurants in the quarter. The company has a long streak of single-digit top-line gains. BLMN has jumped 27% since finding support at its 200-day moving average in October.
Fiesta Restaurant Group Inc (FRGI) is the owner, operator, and franchisor of the Pollo Tropical and Taco Cabana fast-casual restaurant brands, reported results Q3 2013. Fiesta's total revenues increased 9.8% to $140.7 million, compared to $128.2 million in the prior year period. Net income also increased 38.2% to $5.0 million, or $0.21/share, compared to net income of $3.6 million, or $0.16/share, in the third quarter of 2012. Comparable restaurant sales jumped 6.5% at Pollo Tropical and 1.8% at Taco Cabana and 4 new Pollo Tropical restaurants were opened in the quarter. Comperable restaurant guest traffic increased 3.2% at Pollo Tropical and decreased 0.1% at Taco Cabana. The company is in Zacks Investment Research's "3 Superstar Spin-Offs".
Papa John's International Inc (PZZA) third-quarter earnings of 64 cents/share, missed analysts' estimation of 66 cents by 3.03% due to higher costs. However, quarterly earnings were up 18.5% from the comparable year-ago quarter’s earnings of 54 cents. Total revenue increased 6.4% year over year to $346.3 million, led by higher comparable restaurant sales growth in the domestic as well as international markets, increased sales at the company-owned units, improved franchise royalties and unit expansion. However, revenues missed the polled $348 million by 0.6%. The pizza restaurant chain share price declined nearly 2% after report came out, but the share could up again and finished the week on $76.08. Blogger guess that the price's rising trend will continue.
Fossil Group Inc (FOSL) reported net income of $89.7 million for the third quarter of fiscal 2013, compared to $76.8 million for the third quarter of fiscal 2012. Adj. EPS grew 25% to $1.58, compared to $1.26 for the prior fiscal year's third quarter. The Company's third quarter fiscal 2013 results include about $20 million in sales related to shipments which the Company had previously expected to deliver in the fourth quarter. Fossil Group also deferred about $5 million in anticipated Q3 expenses into the fourth quarter of fiscal 2013. The Company estimated that the combined favorable impact related to these items on the current quarter's net income and diluted earnings per share were about $11 million and $0.19, respectively.
Tesla Motors Inc (TSLA) earned 12 cents a share on $603 million in revenue, as the company delivered 5,500 Model S units during the quarter. Gross margins, excluding Zero Emission Vehicles (ZEV) credits were 21% during the quarter, getting closer to the company's goal of 25%.
Analysts were expecting Tesla to report earnings of 11 cents a share on $534.64 million in revenue. Tesla expects to deliver slightly under 6,000 Model S vehicles in Q4, which increases our total expected deliveries to 21,500 vehicles worldwide for 2013. Shares fell 12% in after-hours trading as investors worried the luxury electric car maker’s outlook for revenue and profit fell short.
Zillow Inc (Z) reported Q3 2013 net loss of 11 cents per share, narrower than analysts' estimation of a loss of 18 cents/share. However, results were highly unfavorable when compared to year-ago net earnings of 7 cents per share. Substantial increase in expenses mainly led to the downside. However, share price moved up 1.3% to close at $82.31 yesterday given that the company reported a lower-than-expected loss. Including a one-time tax benefit of $4.3 million related to an acquisition, net loss came in at 3 cents per share, comparing unfavorably with 7 cents earned in the year-ago quarter. Total revenues increased 67% year over year to $53.3 million. This was driven by solid improvement in marketplace revenues (up 73%) and display revenues (up 50%). Total revenues also surpassed the anaysts' poll of $52 million.
Mondelez International Inc (MDLZ) third-quarter earnings climbed 57%. Company's Q3 adj earnings of 41 cents/share were in line with the analysts' estimation. Net revenue in the quarter increased 1.8% year over year to $8.47 billion. Revenues missed the estimations of $8.55 billion by almost 1.0%.
Revenues from emerging markets were up 10.7% as strong performance in Russia, India and Brazil made up for weakness in China. Revenues declined in double digits in China due to economic slowdown and weak biscuits performance. On the other hand, revenues in developed markets grew 1.8% as North America and Europe performed well in the quarter.
Among the food categories, biscuits and chocolates were up in the quarter, while the gum/candy and coffee businesses were down. The company’s gum business has been down since the last few quarters, mainly in the developed nations.
Mondelez’s Power Brands grew 6.9% in the quarter driven by brands like Tuc, Club Social, belVita and Barni biscuits and Cadbury Dairy Milk, Milka and Lacta chocolates.
SolarCity Corp (SCTY): Shares fell 7.4% to $55.24 on heavy volume. The company forecast an adjusted loss of 55 cents to 65 cents for the fourth quarter, while analysts expect a loss of 53 cents a share. For the third-quarter, SolarCity reported an adjusted loss of 43 cents a share on revenue of $48.6 million. Analysts expected a loss of 48 cents on revenue of $42.7 million.
Tree.com Inc (TREE) reported Q3 EPS of $0.03, $0.15 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $37.3 million versus the consensus estimate of $33.75 million. Sees FY2013 revenue of $135-138 million, versus the consensus of $131.45 million. Price is up
Walt Disney Co (DIS) reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.02. The company had revenue of $11.57 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Shares of Walt Disney traded up 1.36% during mid-day trading on Friday, hitting $68.0664.
Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares. They have a $77.00 price target on the stock. The stock has an average rating of “Buy” and an average target price of $73.15.
Stratasys Ltd (SSYS) reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 38.7% on a year-over-year basis. Stratasys updated its FY13 guidance to $1.75-1.90 EPS.
Analysts at Piper Jaffray set a $131.00 price target on shares. The company presently has a consensus rating of “Buy” and a consensus target price of $108.27.
Shares of SSYS traded up 0.76% during mid-day trading on Friday, hitting $119.049.
The Wendy's Co (WEN) reported $0.08 EPS for the quarter, beating the analysts' consensus estimation of $0.06 by $0.02. The company had revenue of $640.80 million for the quarter, compared to the consensus estimate of $645.44 million
Analysts at Deutsche Bank raised their price target on shares of The Wendy’s from $7.00 to $8.00 in October. They now have a “hold” rating on the stock. The Wendy’s presently has a consensus rating of “Hold” and a consensus price target of $7.28.
J&J Snack Foods Corp (JJSF) reported a 2 percent decrease in sales for the period but a 4 percent jump for the year. The last 13 weeks of the fiscal year had sales of $237.9 million, down from $242.2 million in last year’s fourth quarter; sales for the year rose to $867.7 million from $830.8 million in 2012. Price slipped on 2nd half of the week more than $2.
Ralph Lauren Corp (RL)'s second-quarter EPS of $2.23 surpassed the analysts' estimation of $2.20. However, quarterly earnings witnessed a 2.6% decline from $2.29 earned in the year-ago period primarily due to weak margins. Net revenue increased 2.9% year over year to $1,915 million, almost in line with preliminary polls of $1,916 million. The year-over-year growth was primarily driven by improved performance across the company’s wholesale and retail segments. Price rose nearly 5.5% after the company announced better-than-expected second-quarter fiscal 2014 bottom-line results, provided upbeat revenue guidance and raised its quarterly cash dividend.
Neenah Paper Inc (NP) reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.01. The company had revenue of $214.10 million for the quarter, compared to the consensus estimate of $212.30 million. Price downed more than a dollar in the end of the week.
Annie's Inc (BNNY) reported $0.32 EPS for the quarter, beating analysts' poll of $0.29 by $0.03. The company had revenue of $58.70 million for the quarter, compared to the consensus estimate of $57.12 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Annie’s Inc will post $0.98 earnings per share for the current fiscal year.
Price leaped after report issued. The stock currently has a consensus rating of Hold and an average target price of $44.14.
51job Inc (JOBS) a leading provider of integrated human resource services in China. Profit rises 4%. Fully diluted EPS were RMB1.95 (US$0.64 per ADS). Total revenues increased 12.3% over Q3 2012 to RMB419.6 million (US$68.6 million), within the Company's guidance range. Price tumbled after Morgan Stanley cut its rating on 51job to the equivalent of sell, saying the online human resources company’s stock is trading at expensive valuations following better-than-estimated profit.
Health Care REIT Inc (HCN) reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.01. The company had revenue of $786.93 million for the quarter, compared to the consensus estimate of $635.72 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 70.4% on a year-over-year basis. On average, analysts predict that Health Care REIT will post $3.78 earnings per share for the current fiscal year. Price went down all week