Earnings Preview: LinkedIn, Liberty Global, Leap Wireless, Kraft Foods

Earnings Preview: LinkedIn, Liberty Global, Leap Wireless, Kraft Foods

This week, for all intents and purposes will see the end of earnings season. There will of course be exceptions to this but the following companies will be reporting sometime either before or after and market close tomorrow and certainly warrant a look towards what the Street is expecting from each.

Earnings Preview: LinkedIn, Liberty Global, Leap Wireless, Kraft Foods

Earnings Prewiew

LinkedIn Corp (LNKD):

After A Tough Year, Odey Asset Management Finishes 2021 On A High

For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

LinkedIn Corp (NYSE:LNKD) operates an online professional network. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. Its platform also offers members with solutions, including applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information.

LinkedIn Corp (NYSE:LNKD) is up over 5% since its last quarters earnings and over 100% for the year.

The consensus is expecting earning of $0.31 for the quarter nearly double that of the year-over-year quarter when Linked In posted earnings per share of $0.16. For the fiscal year, earnings are expected at $1.47 compared to earnings of $0.89 the year before that.

The consensus estimate is for revenue of $353.9 million compared with revenue of $228 million in the year-earlier quarter. That would be down from growth of 72% in the prior quarter but would mark the 18th straight quarter of double- or triple-digit gains. For the fiscal year, revenue is expected to reach over a billion dollars for the first time with sales of $1.47 billion up from $890 million the year prior.


LIBERTY GLOBAL PLC (NASDAQ:LBTYA) (NASDAQ:LBTYB), an international cable company, provides television, broadband Internet, and telephony services. The company’s Chellomedia division produces and distributes TV channels; and provides digital services, such as ad sales and broadcast solutions to a portfolio of channel operators in Europe, Africa, Asia, the Middle East, and Latin America.

The consensus is calling for quarterly earnings of $0.36 per share down considerably for the year-over-year quarter. For the fiscal year, analysts expect LIBERTY GLOBAL PLC (NASDAQ:LBTYA) (NASDAQ:LBTYB) to report earnings of $2.04 per share compared to the considerably lower earnings per share of $1.21 the year prior.

Liberty Global is expected to show sales of $2.96 billion up over 17% from the year-over-year quarter that saw Liberty post sales of $2.52 billion. For the fiscal year, Liberty Global’s sales are expected to top $14.53 up over 40% from sales of $10.31 billion.

Leap Wireless International, Inc. (LEAP):

Leap Wireless International, Inc. (NASDAQ:LEAP), together with its subsidiaries, provides digital wireless services under the Cricket brand name in the United States. It offers unlimited local and the U.S. long distance services, and text messaging services, as well as mobile Web, 411, navigation, and data back-up services. The company also provides BridgePay, a flexible payment option for customers to use and pay for the company?s Cricket Wireless service; Muve Music, an unlimited music download service for mobile handsets; and Cricket Lifeline, a federal government’s Lifeline program, which provides support from the federal universal service fund to subsidize discounted telecommunications services for qualified low-income consumers.

Leap Wireless International, Inc. (NASDAQ:LEAP) is trading down nearly 3% on the day after nearly reaching its 52-week high this week.

Leap Wireless International, Inc. (NASDAQ:LEAP) is expected to report a loss of $1.12 per share which represents a loss nearly double the year-over-year loss of $0.54 per share for the corresponding quarter. For the fiscal year, Leap Wireless is expected to report a loss of $5.16 compared to a loss of $2.21 per share the year prior.

Revenue for the quarter is expected by the consensus to be reported at $735.07 million down 7% from sales of $786.77 quarter-over-quarter. For the year, analysts are expecting Leap Wireless to reports sales of $2.94 billion compared to sales of $3.14 billion the year before that.

Kraft Foods Group Inc (KRFT):

Kraft Foods Group Inc (NASDAQ:KRFT) operates as a consumer packaged food and beverage company in North America. The company manufactures and markets refreshment beverages, liquid concentrates, packaged juice drinks, powdered beverages, coffee products, and hot beverage systems; processed cheese products; refrigerated meals, such as cold cuts, hot dogs, and bacons, as well as lunch combinations, soy-based meat alternatives, and pickles; and macaroni and cheese dinners, nuts, trail mixes and peanut butter, corn snacks, dry packaged desserts, and refrigerated gelatin and pudding snacks. It also offers whipped toppings, marshmallows, chocolate and baking ingredients, salad dressings, sauces, mustards, bake coatings, stuffing mixes, meal kits, and shells and cheese dinners.

The first issue that needs to be addressed is whether the food and beverage giant met Wall Street’s expectations. Analysts peg profits for Kraft at $0.66 per share this quarter. Kraft Foods Group Inc (NASDAQ:KRFT) booked earnings per share of $0.76 in the first quarter of this year. For the fiscal year, earnings are expected to reach $2.79 per share compared to year-over-year earnings of $2.75.

Revenue is expected at $4.81 billion for the quarter. For the fiscal year, Kraft’s sales are expected at $18.73 billion up just over 2% when Kraft sales were reported at $18.34 billion in 2012.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
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