Friday's big earnings include Moody's, AOL, Buckeye, Apollo and Brookfield. Here's what to expect.
Friday sees a small group of important companies announcing earnings. Of interest to many investors will be Moody’s Corporation (NYSE:MCO), AOL, Inc. (NYSE:AOL), Brookfield Infrastructure Partners L.P. (NYSE:BIP), Buckeye Partners, L.P. (NYSE:BPL), and Apollo Global Management LLC (NYSE:APO).
Moody’s Corporation (NYSE:MCO): The bond ratings agency may face a DOJ lawsuit in the coming months, though the market didn’t seem all that worried on Friday. The company is expected to announce earnings of 69 cents per share on Friday on revenues of $683 million.
In the last quarter, which was Moody’s Corporation fourth fiscal quarter, the firm posted earnings of 43 cents per share on revenues of $567 million. If it hits analysts targets for the fourth quarter, the company will post full year 2012 earnings of $2.98 per share on revenues totaling $2.7 billion.
In the last twelve months, Moody’s Corporation (NYSE:MCO) shares have rise by more than 20%, despite the shock on the day the DOJ announced its lawsuit. That day put a dent in the firm’s stock price in 2013, however, because of that drop, the firm’s shares are down more than 5% for 2013.
AOL, Inc. (NYSE:AOL): The aging internet giant is expected to report earnings per share of 51 cents for the fourth quarter when it reports on Friday. Revenue for the last three months of 2012 is expected to come in at $574 million. AOL, Inc. (NYSE:AOL) has been the target of investment from some asset managers as it continues to innovate, despite its ancient reputation.
In the last three months of 2011, AOL, Inc. showed earnings of 42 cents per share. Revenues in the period came to $577 million. If the company hits the targets analysts have put on its fourth quarter, the company will record full year earnings of $1.44 per share on revenues of $2.2 billion.
In 2011 AOL, Inc. (NYSE:AOL) earned 92 cents per share on full year revenues of $2.2 billion. In the last twelve months, the company’s shares have risen by close to 70%. Since the start of 2013 shares in the firm have risen by 4%.
Brookfield Infrastructure Partners L.P. (NYSE:BIP): Friday also sees the release of earnings from Brookfield Infrastructure Partners L.P. The Brookfield Asset Management subsidiary will, according to analyst consensus, record earnings per share of 31 cents on revenues of $504 million.
In the same period in 2011, the company earned 30 cents per share on revenues that hit $404 million. Analysts expect the company to show full year earnings of 61 cents per share on revenues of $1.9 billion. For the full year 2011, the company earned $1.15 per share on revenues of $1.6 billion.
In the last twelve months, Brookfield Infrastructure Partners L.P. (NYSE:BIP) shares have risen by 33%. The company’s shares have gone up by more than 8% in the opening weeks of 2013 in anticipation of this earnings report. The company’s parent recently made an agreement with Bill Ackman, in order to prevent them from getting in each others way.
Buckeye Partners, L.P. (NYSE:BPL): Analysts are expecting a fourth quarter earnings of 80 cents per share from Buckeye Partners L.P., when its earnings are made public. Consensus also points toward revenues for the three months to come to $1.3 billion. The midstream oil company earned 64 cents in the same period in 2011, on revenues that came to $1,3 billion.
For the full year 2012, analysts are looking for earnings per share of $2.72. That’s about 10% lower than the $3.06 the company recorded for the twelve months of 2011. Revenue for 2012 is expected to have totaled at $4.4 billion, against the $4.8 billion the company put up for 2011.
Stock in Buckeye Partners, L.P. (NYSE:BPL) has fallen by more than 17% in the last twelve months, as more and more investors are unable to see how the company can grow going forward. After a larger loss in the first half of 2012, share prices stabilized and in the opening weeks of 2013 the stock has recovered more than 15% of its value.
Apollo Global Management LLC (NYSE:APO): The asset manager is expected to show earnings of 96 cents per share on Friday. In the same period in 2011, Apollo Global Management LLC posted earnings per share of just five cents.The company bounced back in the fourth quarter of 2011, making some smart investments, and generally separating itself from the year before.
2011 was a tough year for the company. It posted losses in two out of four quarters, shaking the confidence of investors in its equity and investors in their asset management business. For the full year, the Street is looking for earnings of $3.07 per share. The company managed to lose 86 cents per share in 2011.
Shares in Apollo Global Management LLC (NYSE:APO) have risen by close to 50% in the last twelve months. The $24 billion company’s stock has had a great time so far in 2013, gaining more than 25% since the markets opened on January 2nd. Investors are clearly expecting positive news in the upcoming earnings report.