Tuesday is a crucial day for the Wall Street as some keenly awaited quarterly earnings are to be announced. Companies that are scheduled to report their quarterly earnings on Tuesday are Ingersoll-Rand PLC (NYSE:IR), Janus Capital Group Inc (NYSE:JNS), Lockheed Martin Corporation (NYSE:LMT), Illinois Tool Works Inc. (NYSE:ITW) and RadioShack Corporation (NYSE:RSH).
Ingersoll-Rand PLC (NYSE:IR)
Electron Capital Partners' flagship Electron Global Fund returned 5.1% in the first quarter of 2021, outperforming its benchmark, the MSCI World Utilities Index by 5.2%. Q1 2021 hedge fund letters, conferences and more According to a copy of the fund's first-quarter letter to investors, the average net exposure during the quarter was 43.0%. At the Read More
The diversified industrial conglomerate will be announcing its first quarter results on Tuesday before the market opens. Wall Street analysts expect the company to report a profit of 41 cents on $3.17 billion in revenues. The company had earned 31 cents on $3.15 billion in Q1 2012. For the full year, analysts expect Ingersoll-Rand to earn $3.61 a share with $14.54 billion in revenues. Analysts have shown faith in the company as most of them have Buy and Hold ratings on the stock.
Janus Capital Group Inc (NYSE:JNS)
Janus Capital Group Inc (NYSE:JNS) is expected to report an improved first quarter result on April 23. The consensus estimate is 15 cents per share, up from 12 cents in the corresponding period last year. Analysts’ estimates range from 13 cents to 17 cents. A large number of analysts have stayed away from giving their views on the stock which indicates a bearish outlook. Jana Capital distributes 24 cents in dividends every year. The consensus target price for the stock is $8.98.
Lockheed Martin Corporation (NYSE:LMT)
Analysts expect the defense and aircraft company’s revenues to decline 8.5 percent YoY, while they expect EPS to go up by 1 percent. The consensus estimate for revenues is $10.33 billion and the average earnings estimate is $2.04. The company had reported a revenue of $12.1 billion in the preceding quarter on EPS of $1.78. For the full year, analysts estimate earnings of $8.92 on $45.11 billion in revenues.
Illinois Tool Works Inc. (NYSE:ITW)
Illinois Tool Works Inc. (NYSE:ITW) is expected to report first quarter earnings of 96 cents, down from 97 cents in Q1 2012. Revenues are also expected to decline 5.9 percent YoY to $4.28 billion from $4.55 billion in the same period of 2012. For the full year, the company is expected to post $17.53 billion in revenues and $4.27 in EPS.
RadioShack Corporation (NYSE:RSH)
The Forth Worth, Texas-based consumer electronics retailer is expected to post wider losses in the first quarter. Wall Street estimates the losses to widen from 8 cents a share in Q1 2012 to 11 cents in Q1 2013. Revenues are also expected to decline 4.4 percent from $1.01 billion to $963.97 million. RadioShack Corporation (NYSE:RSH) is facing increased challenges as consumer electronics sales fell 20 percent over the past three quarters. The company is also being challenged by Best Buy, which has launched standalone mobile stores throughout the United States.