Earnings Preview: AutoNation, Baxter, Chipotle Mexican, Cytec, CHKP

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Earnings Preview: AutoNation, Baxter, Chipotle Mexican, Cytec, CHKP

AutoNation, Inc. (NYSE:AN)

AutoNation, Inc. (NYSE:AN) will be report its Q2 2013 earnings results before the opening bell on Thursday, July 18. Analysts expect profit to rise to 74 cents a share from 66 cents a share in the year-ago period. Revenue for the period is expected to be $4.33 billion, 11% higher than the year earlier revenue of $3.90 billion. For the year, earnings are projected to come in at $2.98 per share on revenue of $17.33 billion. The company has seen improved profit in the last three quarters, while revenue increased for two straight quarters.

Baxter International Inc. (NYSE:BAX)

Baxter International Inc. (NYSE:BAX) will announce its Q2 2013 earnings before the market open on Thursday, July 18. The consensus estimate is for earnings of $1.13 per share, up 1% from the year-ago profit of $1.12 per share. Revenue will likely come in at $3.70 billion for the quarter, up 4% from a year ago when Baxter reported revenue of $3.57 billion. For the fiscal year, profit is projected to roll in at $4.65 per share, on sales of $15.51 billion. The company has a market capitalization of $39.470 billion, and its stock has a one year high of $73.95 and a one year low of $54.54.

Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) will release its second quarter results on July 18 before the U.S. markets open. Analysts expect EPS of 81 cents on sales of $337.22 million, compared with a year-ago profit of 77 cents a share on revenue of $328.65 million. Besides the headline revenue and earnings numbers, the Street will also closely monitor product license revenue, which is expected to drop 4 percent to $117.7 million. Check Point is a leading provider of software based VPN technology, and its stock has gained 12.9 percent so far this year.

Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s Q2 2013 earnings results will be announced after the close of trading on Thursday, July 18. Analysts on average project earnings of $2.81 per share, compared to a profit of $2.56 per share in the comparable period of last year. Revenue for the quarter is likely to rise more than 16 percent year-over-year to $802.70 million. Analyst have gotten increasingly optimistic in recent months, boosting Chipotle’s June-quarter earnings estimates by a nickel per share and its full-year 2013 consensus by more than $0.35 per share. The company has a market capitalization of $11.719 billion, and its stock has a one year high of $404.59 and a low of $233.82.

Cytec Industries Inc (NYSE:CYT)

Cytec Industries Inc (NYSE:CYT) will report its Q2 2013 earnings data after the market close on July 18. The consensus estimate is for earnings of $1.21 per share, up from 73 cents per share in the same period last year. For the current fiscal year, the average analysts’ estimate is for EPS of $4.77 per share. Goldman Sachs Group Inc. upgraded the stock from a “sell” rating to a “buy” rating in a research note to investors on July 8. Also, analysts at Deutsche Bank reaffirmed their “buy” rating on shares of Cytec with a $84.00 price target, in a research report on Monday, July 1. The stock has a 52-week high of $79.62 and a 52-week low of $58.19. Cytec has seen a slew of analyst action in recent weeks.

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