Among the many companies scheduled to report its earnings result on Wednesday are Mellanox Technologies, Ltd. (NASDAQ:MLNX), Skechers USA Inc (NYSE:SKX), Stryker Corporation (NYSE:SYK), Titan International Inc (NYSE:TWI), and Western Digital Corp. (NASDAQ:WDC). What do analysts expect from these companies?
Mellanox Technologies, Ltd. (NASDAQ:MLNX) is expected to report $80.77 million revenue and $0.04 earnings per share for the first quarter of the current fiscal year. During the same period last year, the company posted $88.74 million revenue and $0.29 earnings per share.
Earlier this month, analysts at Piper Jaffray reiterated their overweight rating for the shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX). They believe that the company is in a good position to achieve strong growth. The company supplies end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage.
Based on data from Bloomberg, Skechers USA Inc (NYSE:SKX) is expected to report $0.19 earnings per share and $433 million revenue for the first quarter compared with its -$0.07 losses per share and $351 million revenue during the same period in 2012.
For the fiscal 2013, the consensus estimate is $1.8 billion revenue and $1.02 earnings per share, higher than its $1.6 billion revenue and $0.21 earnings per share in fiscal 2012.
Christopher Svezia, analyst at Susquehanna Financial Group increased its earnings expectation for Skechers USA Inc (NYSE:SKX) to $0.20 per share early this month. He said that the company continues to outperform in the women’s fitness, men, and children categories. He maintained his positive rating for the stock with a $25 per share price target.
On the other hand, analysts expect Stryker Corporation (NYSE:SYK) to post an earnings of $1.01 per share and $2.2 billion revenue for the first quarter of 2013. The forecast is higher than its recorded earnings per share of $0.99 and in line with its $2.2 billion revenue in the same quarter a year earlier.
For the current fiscal year, the company is expected to achieve $4.32 earnings per share and $9 billion revenue compared with its $4.07 earnings per share and $8.7 billion revenue in 2012.
Meanwhile, Titan International Inc (NYSE:TWI) is expected to post a profit of $0.37 per share for the first quarter of 2013 after recording losses of -$0.09 per share in the previous quarter. The current consensus earnings estimate for the company is significantly lower than its earnings during the same period in 2012 of $0.78 per share. Analysts expect the company to report $586 million revenue this quarter.
For the fiscal 2013, the company is expected to generate $2.5 billion revenue and $2.23 earnings per share. Titan International Inc (NYSE:TWI) manufactures off-highway steel wheels and tires in the agricultural, earth-moving, and construction industry.
Analysts project that Western Digital Corp. (NASDAQ:WDC) will report a profit of $1.76 per share and $3.6 billion revenue for the third quarter fiscal 2013. During the same quarter in 2012, the company posted higher earnings of $2.52 per share and $3 billion revenue.
For the full fiscal 2013, analysts expect the company to achieve $7.97 earnings per share and $15.1 billion revenue.
Last February, the board of directors of the company approved $0.25 per share dividend for the quarter ending March 29, 2013. The dividend was part of the company’s plan to return around 50 percent of its free cash flow to shareholders.