Earnings continue to come thick and fast this week with the following five companies set to report their numbers tomorrow before trading begins. The following are short previews of what’s to be expected according to consensus estimates.
Fortress Investment Group LLC (NYSE:FIG):
ValueWalk's Raul Panganiban interviews Dr. Kathryn Kaminski, Chief Research Strategist at AlphaSimplex, and discuss her approach to investing and the trends she is seeing in regards to quant investing and hedge funds. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with AlphaSimplex's Read More
Analysts expect higher profist for Fortress Investment Group LLC (NYSE:FIG) when the company reports its first quarter results. The consensus estimate is expecting a profit of $0.15 a share, this number is up from $0.11 year-over-year.
The consensus estimate has increased from $0.14 over the past three months. For the fiscal year, analysts are predicting earnings of $0.61 per share. A year after being $224.6 million, analysts expect revenue to fall 2.6 percent year-over-year to $218.8 million for the quarter. For the year, revenue is projected to come in at $895.2 million.
While a majority of analysts maintain a “buy” rating for Fortress Investment Group, this number is considerably lower than their nine closest competitors.
General Motors Company (NYSE:GM):
General Motors Company (NYSE:GM) is presently trading near its 52 week high before it reports its earnings tomorrow morning. It has made serious inroads into the Chinese market and elsewhere of late.
Estimates for General Motors Company (NYSE:GM)’s earnings have been slipping over the last 90 days from an estimated per share profit of $0.63 falling to present calls for $0.56 per share.
A year after being $37.76 billion, analysts expect revenue to fall 3.1 percent year-over-year to $36.6 billion for the quarter. For the fiscal year, revenue is projected to reach $156.6 billion.
The profit growth in the fourth quarter of the last fiscal year came after three straight quarters of falling profits.
In the past two quarters, the company’s revenue has steadily increased. In the most recent quarter, revenue rose 3.5 percent year-over-year to $39.31 billion. The quarter prior to that, it rose 2.3 percent.
International Paper Company (NYSE:IP):
International Paper Company (NYSE:IP) operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and North Africa. International Paper has seen its revenues rise in the last two years while profit margins have shrunk.
Analysts have become more optimistic as expectations have improved over the past month from $0.72 per share to the current projection of earnings of $0.74 per share.
The current estimate reflects a 29.8 percent rise from the year-ago quarter, when the company reported earnings of $0.57 per share.
Over the past 90 days, the consensus estimate has come up from $0.71. For the fiscal year, analysts are expecting earnings of $4.02 per share.
Revenue is projected to beat the year-earlier total of $6.66 billion by 5.9 percent, with revenues of $7.05 billion for the quarter. For the fiscal year, revenue is expected to reach $29.34 billion.
Kellogg Company (NYSE:K):
Kellogg Company (NYSE:K), together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in North America, Europe, Latin America, and the Asia Pacific.
The consensus is $1.03 per share, up 3 percent from a year ago when Kellogg Company (NYSE:K) reported earnings of $1 per share.
The consensus estimate has risen over the past month, from $1.02. Analysts are expecting earnings of $3.86 per share for the fiscal year. Revenue is projected to exceed the year-earlier total of $3.44 billion by 14.5 percent, with revenue expected to come in at $3.94 billion for the quarter. For the year, revenue is expected to come in at $15.25 billion.
The 18.2 percent revenue increase brought the figure up to $3.56 billion in the most recent quarter reported.
Manchester United PLC (NYSE:MANU):
Despite crushing the competition this year and earning its 20th top flight title, Manchester United PLC (NYSE:MANU) was an early exit from European glory having lost to Real Madrid in the knock-out stages of the Champions League. Real Madrid also knocked Manchester United from its perch as the most valuable sports team in the world.
Manchester United PLC (NYSE:MANU) is expected to come in with earnings of $2.00 per share when they report tomorrow. There are no year-over-year earnings to compare. Fiscal year earnings are expected to come in at $22.65 per share.
Revenue is expected at $84.55 million for the quarter with analysts calling for $350.8 million in revenue for the year.