The last two weeks have seen hundreds of companies reporting their third quarter earnings. While the season is winding down, there are still a number of late filers making announcements tomorrow. Here is a brief look at five of them.
Corning Incorporated (GLW):
Corning Incorporated (NYSE:GLW) produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has been enjoying a real turnaround of late and that has continued in today’s trading, which sees the stock up nearly a full percentage point and down just a hair from its 52-week high.
Coho Capital 2Q20 Commentary: Podcasts, The New Talk Radio
Coho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More
Analysts are looking for earnings of $0.31 per share, matching the number from a year ago. Despite not changing over the past month, the consensus estimate is down from three months ago when $0.32 was projected. For the fiscal year, analysts are projecting earnings of $1.30 per share also matching the year prior.
Revenue is expected to be $1.97 billion for the quarter, 3% higher than the year-earlier total of $1.91 billion. For the year, revenue is projected to come in at $8.05 billion up a touch from sales of $8.01 billion the year prior.
DineEquity Inc (DIN):
DineEquity Inc (NYSE:DIN), through its subsidiaries, develops, franchises, and operates full-service restaurant chains in the United States and internationally. The company owns and operates two restaurant concepts, including Applebee’s Neighborhood Grill and Bar (Applebee’s) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
Analysts expect DineEquity Inc (NYSE:DIN) to report earnings of $0.92 per share this quarter, down markedly from $1.06 for the year-over-year quarter. For the fiscal year, The Street is calling for earnings of $3.90 compared to the year prior where it saw earnings of $4.28.
Revenue is expected to be reported at $156.74 million which is down over 30% from the corresponding quarters’ revenue of $229.39 million. For the fiscal year, revenue should come in around $636.30 million down over 25% from sales of $849.93 million the year prior.
JetBlue Airways Corporation (JBLU):
JetBlue Airways Corporation (NASDAQ:JBLU), a passenger airline company, provides air transportation services. The company also provides in-flight entertainment for commercial aircraft, including live in-seat satellite television, digital satellite radio, wireless aircraft data link service, and cabin surveillance systems; and voice communication, and data connectivity services for commercial and general aviation aircraft.
JetBlue Airways Corporation (NASDAQ:JBLU) is getting beat up a bit in today’s trading where it is off nearly 2% as it limps into tomorrow’s reporting.
Analysts are expecting earnings per share of $0.14 after the company booked a profit of $0.14 in the corresponding quarter last year. Analysts are expecting earnings of $0.49 per share for the fiscal year compared to earnings of $0.40 the year before that.
Revenue is projected to be $1.35 billion for the quarter, 6% above the year-earlier total of $1.28 billion. For the year, revenue is expected to come in at $5.39 billion, up over 8% from sales of $4.98 billion the year prior.
Markel Corporation (MKL):
Markel Corporation (NYSE:MKL) markets and underwrites specialty insurance products in the United States and internationally. It operates in three segments: Excess and Surplus Lines, Specialty Admitted, and London Insurance Market.
Markel Corporation (NYSE:MKL) may be one of the most promising long-term-oriented financial holding companies the stock market has to offer, but recent SEC filings from the company reveal that not everyone should be buying more shares right now the stock is struggling a little today before tomorrow’s earnings announcement.
Analysts are looking for earnings of $5.76 for the quarter, down considerably from the corresponding quarter when earnings came in at $7.87. For the fiscal year, Markel will look to close this gap with analysts calling for earnings of $24.63 up from $23.61 the year prior.
Revenue is projected at $1.05 billion for the quarter up over 50% from the corresponding quarter when revenue came in at $693.25 million. For the fiscal year, Markel is projected to report sales of $4.07 billion up nearly 36% from sales of $3 billion the year before this.
Martin Marietta Materials, Inc. (MLM):
Martin Marietta Materials, Inc. (NYSE:MLM), Inc., together with its subsidiaries, engages in the production and sale of aggregates for the construction industry primarily in the United States, Canada, the Bahamas, and the Caribbean Islands. Martin is limping into tomorrows reporting with a loss of nearly 2% today.
Analysts are calling for earning of $1.13 compared to earnings of $0.91 in the corresponding quarter. For the fiscal year, expect to see earnings of $2.89 up from $2.30 year prior.
Revenue is expected to be up nearly 10% for the quarter with sales of $596.80 million, the corresponding quarter saw sales of $545.70 million. For the fiscal year, analysts are looking for Martin Marietta to report sales of $2.18 billion, 7% above the prior year when sales reached $2.04 billion .
While analysts are never spot on, this is what the Street is calling for tomorrow.