Wednesday sees oil exploration companies hoteliers, electricity providers, automakers and more report their earnings, here's what to expect.
Tomorrow sees earnings reports from companies across the economic spectrum. Here’s what to expect from Murphy Oil Corporation (NYSE:MUR), Las Vegas Sands Corp. (NYSE:LVS), The Southern Company (NYSE:SO), Fiat SpA (BIT:F), and ConocoPhilips (NYSE:COP).
Murphy Oil Corporation (NYSE:MUR): Analysts are looking to see earnings of $1.38 per share when Murphy Oil Corporation reports its earnings on Wednesday morning. The company earned $1.31 per share in the same three months of 2011. Revenues for the quarter are expected to come in at $6.7 billion.
In the last three months of 2011, Murphy Oil Company (NYSE:MUR) recorded revenues of $6.8 billion. If the company hits the estimates of analysts, it will record earnings of $5.51 for the full year 2012. Revenues for the full year are expected to come in at $28.2 billion. In 2011 earnings per share were $5.70, and revenues were $27.7 billion.
Dan Loeb got involved in Murphy Oil in 2012, and convinced the company to spin off its retail operation. Loeb’s influence at the company has not helped the share price all that much in the last twelve months, but it may see itself recording greater earnings going forward, though in the next year it is still expected to see profits trending downward.
ConocoPhilips (NYSE:COP): While some investors are looking at ConocoPhilips as a good long term bet, most others are just looking at the company short term right now. Analysts are looking for earnings of $1.46 per share in the quarterly earnings report. Revenues are expected to come in at $13.3 billion for the quarter.
The oil exploration company’s shares have risen by just over 6% in the opening weeks of 2013 in anticipation of the earnings report tomorrow. If ConocoPhilips (NYSE:COP) meets quarterly expectations, it will record annual earnings of $5.98 per share for 2012. The company earned $8.76 per share in 2011.
Revenue for the quarter will drop by close to 80% if the company’s earnings meet the expectations of analysts. The company’s stock has lost more than 11% of its value in the last twelve months, though that change, and the loss of revenue, resulted from the company’s spinning off of its retail operation on April 16th.
Fiat SpA (BIT:F): The automaker that famously purchased the Chrysler, Dodge and Jeep brands is all set to report earnings on Wednesday afternoon. The important part of this earnings report is not the company’s major business, but the American brands it purchased during the economic crisis.
Chrysler, which still operates in Detroit, is looking for a strong quarter as the US auto market boomed in the fourth quarter. Chrysler is looking at profits for 2012 to come to around $1.5 billion. After selling more than 400,000 cars in the United States in the last three months of 2012, the firm is expected to be well on target to hit those figures.
Chrysler is important because it provides more than 60,000 jobs in the United States, and its major market is still in North America. Chrysler’s performance is linked to the performance of other US automakers like Ford Motor Company (NYSE:F). Fiat SpA (BIT:F) investors have seen the firm’s stock rise by more than 20% in the opening weeks of 2013. The company also owns the Ferrari, Aloha Romero and Maserati.
The Southern Company (NYSE:SO): One of the largest electricity providers in the United States, The Southern Company will post its earnings report for the fourth quarter of 2012 tomorrow, before the market opens. Analysts are looking for earnings per share of 39 cents and revenue is expected to come in at $4.4 billion for the three months.
In the last three months of 2011, the company earned 28 cents per share. Its revenue in that period was £3.7 billion. If the company hits analyst estimates for the fourth quarter, it will record earnings of $2.62 per share for the full year 2012. For the twelve months of 2011, the company earned $2.55 per share. Revenue for 2012 is expected to come in at $17.5 billion, compared to 2011 revenue of $17.7 billion.
Shares in the company are down a fraction for the last three months, mostly on a large loss on its Q4 earnings guidance. The Southern Company (NYSE:SO) has seen a reasonable recovery in anticipation of tomorrow’s earnings announcement. Shares have risen by 4.7% since the opening of the new year.
Las Vega Sands Corp. (NYSE:LVS): One of the world’s largest hotel and resort companies, Las Vegas Sands Corp will release its earnings announcement after the close of the market on Wednesday. Analysts are looking for 59 cents per share earnings, and revenues of $3 billion.
In the same three months of 2011, the company earned 57 cents per share, and brought in revenues of $2.5 billion. If the company meets expectations, it will show earnings of $2.19 per share for 2012, in contrast with 2011′s EPS of $2.202. Revenues for the full year are expected to come in at $11.1 billion. In 2011, the firm brought in $9.4 billion.
Shares in Las Vegas Sands Corp. (NYSE:LVS) have risen by more than 11% in the opening weeks of 2013. In the last twelve months, however, the company’s share price has risen by just 4%, owing to large declines last spring, and early last Summer.