Earnings Preview: Alcatel Lucent, KKR, Lear, Nomura, Oppenheimer

Earnings Preview: Alcatel Lucent, KKR, Lear, Nomura, Oppenheimer

Friday is another busy day for earnings reports in on Wall Street, capping off a week that has seen some of the world’s biggest companies report their earnings number for the three months ended June 30. The big names reporting on Friday include Alcatel Lucent SA (NYSE:ALU), KKR & Co. L.P. (NYSE:KKR), Lear Corporation (NYSE:LEA), Nomura Holdings, Inc. (NYSE:NMR) and Oppenheimer Holdings Inc. (NYSE:OPY).

Earnings Preview: Alcatel Lucent, KKR, Lear, Nomura, Oppenheimer

Earnings Preview

Alcatel Lucent SA (ALU)

Alcatel Lucent SA (NYSE:ALU) will report its earnings numbers at 1pm Central European Time on Friday. The handset maker and service provider is expected to show a loss of 8 euro cent per share in for the three months, on revenue totaling €3.5 billion. In the same quarter of 2012 the company lost 12 euro cent per share on revenue of €3.5 billion.

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Alcatel Lucent SA (NYSE:ALU) is looking like a better bet as the company modernizes and becomes competitive in the new tech landscape. Despite the company’s losses, the last time it made a profit was the first quarter of 2012, the worst is expected to behind the company and analysts are looking for it to return to profitability in 2015. Since the start of 2013 shares in Alcatel Lucent SA (NYSE:ALU) have increased by more than 50%.

KKR & Co. L.P. (KKR)

KKR & Co. L.P. (NYSE:KKR) is expected to reveals its number for the three months before July 1 before the market opens on Friday morning. Analysts are looking for earnings of 20 cents per share from the company on revenue totaling $241 million. In the same quarter of 2012 the company earned 74 cents per share on revenue of $188 million.

KKR & Co. L.P. (NYSE:KKR) shares have risen in value by close to 40% since the start of 2013, signalling confidence in the investor’s strategy for the year, and further, ahead. The company is expected to show lower earnings for the full year 2013 than it did in 2012, with much of that gap occurring in this quarter.

Lear Corporation (LEA)

Lear Corporation (NYSE:LEA) is expected to show earnings per share of $1.37 when it reveals its number for the most recent closed quarter on Friday morning. Analysts following the company are looking for revenue of $3.9 billion by consensus. In the same three months of 2012 Lear Corporation (NYSE:LEA) earned $1.35 per share on revenue of $3.7 billion.

Lear Corporation (NYSE:LEA) has had a great string of earnings reports in recent times with five out of the last five coming in ahead of analysts expectations on both earnings and revenue. The company’s shares have risen by more than 40% since the start of 2013, signalling growing confidence in the company’s ability to expand its earnings in the coming quarters. The firm’s valuation, which comes in at just over five times 2012 earnings, is still low, though the company is trading right around its all time high.

Nomura Holdings, Inc. (NMR)

Nomura Holdings, Inc. (NYSE:NMR) will come out with its numbers for the 12 weeks that began on April 1 on Friday. The company has been performing well in recent years, and has gained a name for itself in the West as an equity research house.

Japanese stocks have become extremely popular in recent months as the country’s economy is hoped to finally exit its decade-long depression soon, if it has not already. The fiscal and monetary policies being pursued by Japan’s new government, led by Prime Minister Shinzo Abe, are being lauded by many investors and Japan’s stock market is on the rise.

Oppenheimer Holdings Inc. (OPY)

Oppenheimer Holdings Inc. (NYSE:OPY) earnings are expected to come in at 20 cents per share when the firm reveals its numbers on Friday morning. Revenue is expected to come in at $240 million for the three month period. In the same three months of 2013, the company earned 17 cents per share on revenue totaling $233 million.

So far in 2013, shares in Oppenheimer Holdings Inc. (NYSE:OPY) have underperformed. The investment bank’s stock has increased by just over 12% since January 1. Oppenheimer is a favorite of some fund managers who will claim that it is primed for growth, but many are not so certain, leaving the stock behind market returns in the first half of the year.

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