Advanced Micro Devices, Inc. (NYSE:AMD), Chipotle Mexican Grill, Inc (NYSE:CMG), Capital One Financial Corp. (NYSE:COF), and E Trade Financial Corporation (NASDAQ:ETFC) are scheduled to report its financial earnings results for the first quarter on Thursday, April 18, 2013. What do analysts expect from these companies? Earnings previews for all the companies.....
For Advanced Micro Devices, Inc. (NYSE:AMD), analysts expect the company to report net losses. Analysts project that the company will report a net loss of $0.17 per share and $1.1 billion revenue. Majority of analysts covering the company recommended a hold rating for its stock. The company previously indicated that its revenue would decline by 9 percent, and plus or minus 3 percent sequentially.
During the fourth quarter of 2012, the company posted non-GAAP operating net loss of $102 million or $-0.14 per share. Its revenue was $1.16 billion revenue, a decline of 31.7 percent year-over-year.
They recently completed its transaction to sell and lease-back its Lone Star Campus to 7171 Southwest Parkway Holdings. The company will reflect the $164 million proceeds from the deal in its first quarter earnings report.
Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to report $2.14 earnings per share and $725 million revenue for the first quarter. The consensus estimate for its revenue is 13.1 percent higher than its $640.6 million revenue in the same period last year.
Over the past four quarters, the company recorded double-digit year-over-year revenue growth. Its average growth rate was 20.5 percent. In 2012, Chipotle Mexican Grill, Inc. (NYSE:CMG)'s first quarter revenue increased by 25.8 percent compared with the same period a year earlier.
The company also posted profit increases over the last three quarters. During the fourth quarter of 2012, Chipotle Mexican Grill, Inc. (NYSE:CMG) posted 6.8 percent year-over-year growth in net income.
Wedbush analyst Nick Setyan, upgraded its rating for the shares of CMG from neutral to outperform and raised its price target from $320 to $400 per share. According to him, the stock is safe based on modest expectations for the first quarter. He believes that the stock price of the company will increase by the end of the year. He believes profit from a potential nationwide catering service could drive the stock higher.
On the other hand, Capital One Financial Corp. (NYSE:COF) is expected to report $5.6 billion revenue and $1.62 earnings per share.
During the fourth quarter of 2012, the company reported $843 million net income or $1.41 per share, and $5.6 billion revenue. The company stated that its quarterly revenue levels in 2013 will be consistent with its 4Q 2012 revenue.
Analysts at Stifel Nicolaus anticipate that Capital One will post strong profitability, and high margins for the first quarter. The analysts estimate that the company’s multiple would increase significantly. They maintained their buy rating for the shares of Capital One Financial Corp. (NYSE:COF) and raised their price target from $60 to $70 per share.
Meanwhile, the consensus estimate for E Trade Financial Corporation (NASDAQ:ETFC) is $439 million revenue and $0.12 earnings per share based data compiled by Bloomberg’s Businessweek.
During the fourth quarter of 2012, the company reported $186 million net loss or -$0.65 per share and its total net revenue was $468 million. The company has 4.5 million customer accounts and $201 billion in customer assets by the end of the quarter.
Meanwhile, Zacks Equity Research estimated that the company’s results improved by 1.8 percent from its $0.65 losses in the previous quarter to $0.57 losses for the first quarter of 2013. The research firm maintained its neutral rating for the shares of E Trade Financial Corporation (NASDAQ:ETFC) due to lower to the decline in top line, reduced new brokerage accounts, and lower operating expenses.