Earnings Preview: Washington Post, Moody’s, MSG, Mitsubishi UFJ, CBOE

Earnings Preview: Washington Post, Moody’s, MSG, Mitsubishi UFJ, CBOE

More earnings reports are due before opening bell on Friday. The Washington Post Company (NYSE:WPO), Moody’s Corporation (NYSE:MCO), The Madison Square Garden Co (NASDAQ:MSG), Mitsubishi UFJ Financial Group Inc (NYSE:MTU) and CBOE Holdings, Inc (NASDAQ:CBOE) are all scheduled to report.

Earnings Preview: Washington Post, Moody's, MSG, Mitsubishi UFJ, CBOE

The Washington Post Company (NYSE:WPO)

According to a consensus estimate of analysts polled by Bloomberg Businessweek and Zacks, expectations are that The Washington Post Company (NYSE:WPO) will report full-year earnings of $25.38 per share on revenue of between $3.9 and $4.02 billion.

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Forbes points out that the company’s revenue has fallen over the last four quarters. In the previous quarter, revenue dropped 1.3 percent to $1.05 billion. The company reported losses of $45.4 million in that quarter.

Moody’s Corporation (NYSE:MCO)

Analysts predict that Moody’s will report quarterly earnings of 85 cents per share on revenue of $717 million. The ratings company’s last four earnings reports have been positive surprises, and its revenue has grown steadily in each quarter over the last five quarters.

Moody’s has been under fire recently because of the extremely optimistic ratings it gave companies during the credit boom.

The Madison Square Garden Co (NASDAQ:MSG)

Consensus estimates for Madison Square Garden indicate expectations of 32 cents per share in earnings on revenue of $406 million for the company’s most recently completed quarter. The company has posted significant positive earnings surprises in each of the last five quarters.

Shares of The Madison Square Garden Co (NASDAQ:MSG) rose as much as 2.7 percent on Thursday, the day before the company’s next quarterly report. The company has been getting increasingly positive nods from analysts. Credit Suisse’s Michael Senno initiated coverage on the stock this week with an outperform rating.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) (TYO:8306)

Analysts predict that the company will report full-year revenue of 3.5 trillion yen, which is a 9.3 percent over last year’s full-year results. It was reported in April that the company is in the later stages of negotiations to purchase Morgan Stanley (NYSE:MS)’s trust-banking business. If it does close the deal, it would bring $4 billion worth of client assets, according to The Wall Street Journal.

CBOE Holdings, Inc (NASDAQ:CBOE)

Analysts are expecting CBOE Holdings to post earnings of 46 cents per share on $139 million in revenue for the first three months of the year. The company’s revenue in the same quarter of last year was $121 million, and in the three quarters since, it has ranged from $128 million to $133 million. CBOE’s earnings were in line with consensus in the first quarter of last year, although they beat expectations in the other three quarters of last year.

According to The Sacramento Bee, the company declared a second quarter dividend of 15 cents per common share earlier this week. The dividend will be payable on June 21 to shareholders of record on May 31.

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