Its earnings season, so more companies are set to release their first quarter result on Thursday, 25 April 2013. The expectations from some of those companies, like Boston Scientific Corporation (NYSE:BSX), Bristol Myers Squibb Co. (NYSE:BMY), Colgate-Palmolive Company (NYSE:CL), ConocoPhillips (NYSE:COP) and Colfax Corp (NYSE:CFX) are discussed below:
Boston Scientific Corporation (NYSE:BSX) according to the analyst estimates, will record 16 cents per share for the first quarter, an increase of 6.7 percent from the previous year where it posted earnings of 15 cents per share.
There has been an increase in the consensus forecasts from 13 percent from past three months. The earnings are expected to come in at 68 cents per share for the full year. The revenue, however, according to the analysts will decline 4.1 percent year over year to $1.79 billion compared to $1.87 billion in the previous year. For full fiscal, analysts are expecting the revenue to be at $7.18 billion.
Bristol Myers Squibb Co. (NYSE:BMY) has a bearish outlook from the analysts. The consensus analysts has downgraded their estimate from 43 cents a share to earnings of 41 cents per share. According to the current forecasts, the earnings will decline 35.9 percent from year-ago quarter where the earnings for the company came in at 64 cents per share.
There has been a decline in the consensus estimates from the past three months. The earnings, according to the analysts, will come in at $1.83 per share for the fiscal year. The revenue is estimated to decline from $5.25 billion, a fall of 26.1 percent year over year to $3.88 billion for the quarter. The revenue for the full year is expected at $16.54 billion.
Colgate-Palmolive Company (NYSE:CL) will report its earnings on Thursday and is expected to post increased earnings, according to analysts. The earnings are estimated to come in at $1.32 per share, increase 6.5 percent from the previous year earnings of $1.24 per share.
Over the past three months, there has been a decline in the consensus estimates from $1.36 per share. For the full fiscal, the earnings are estimated to come in at $5.71 per share. The revenue for the quarter is projected to be at $4.3 billion, an increase of 2.4 percent from $4.2 billion. The revenue is projected at $17.74 billion for the full year.
ConocoPhillips (NYSE:COP) earnings are expected to drop in the first quarter by 29.7 percent from the previous fiscal. The earnings are estimated to come in at $1.42 per share, a decline from earnings of $2.02 per share from the previous year.
The consensus estimate has declined from $1.43 over the last month. The earnings are projected to be $5.46 per share for the fiscal year. The revenue for the quarter is estimated to decline 76.2 percent year over year from the previous year to $13.57 billion. For full fiscal, the revenue is estimated to come in at $53.06 billion.
Colfax Corp (NYSE:CFX) will come up with its first quarter earnings on Thursday. The industrial companies are witnessing declining trends in Europe and softer construction activities in the U.S. This might affect the numbers from Colfax Corp (NYSE:CFX)’s short cycle welding business. The company itself expects Fabrication Technology segment organic sales to be flattish.
A report from Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB), expects benefits from plant closures (completed late last year), and G&A reduction this year to back the expected $55-65 million in cost savings at ESAB in 2013. Also, the report expects some non-recurring charges, related to Venezuelan currency devaluation, to hurt the company’s margin in the quarter.