More earnings reports are due on Monday. Zions Bancorporation (NASDAQ:ZION), Health Management Associates Inc (NYSE:HMA), Texas Instruments Incorporated (NASDAQ:TXN), Netflix, Inc. (NASDAQ:NFLX) and Canadian National Railway (NYSE:CNI) (TSE:CNR) are all scheduled to report.
Zions Bancorporation (ZION)
Analysts are expecting Zions Bancorporation (NASDAQ:ZION) to report second quarter earnings per share of 41 cents on $552.27 million. Full-year earnings per share are expected to be $1.81 on full-year revenue of $2.2 billion.
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The company has surprised to the positive in two of the last five quarters, including the second quarter of last year. According to Zacks, there have been a handful of analyst revisions to expectations over the last 30 days. Five have revised their estimates upward, while three have revised them downward.
Health Management Associates Inc (HMA)
Analysts are projecting that Health Management Associates Inc (NYSE:HMA) will report earnings per share of 20 cents on $1.69 billion in revenue. Full-year earnings per share are expected to be 84 cents on full-year revenue of $6.9 billion. There hasn’t been much movement in analyst estimates for Health Management Associates Inc (NYSE:HMA). One analyst has revised the estimate downward within the last week.
Possibilities of a takeover at Health Management have been swirling all month long ahead of the retirement of Chief Executive Officer Gary Newsome, with potential buyers being HCA Holdings Inc (NYSE:HCA) and LifePoint Hospitals, Inc. (NASDAQ:LPNT), among others.
Meanwhile Glenview Capital, HMA’s biggest shareholder, urged the company’s board to either amend or remove its shareholder rights plan which was intended to prevent a hostile takeover. HMA appealed to its shareholders earlier this week to reject the attempt by Glenview to replace its board with Glenview’s own directors. Today shares of Health Management Associates Inc (NYSE:HMA) fell as much as 4 percent as uncertainty surrounding the company’s future continued.
Texas Instruments Incorporated (TXN)
Analysts are estimating that Texas Instruments Incorporated (NASDAQ:TXN) will report earnings of between 41 and 46 cents per share on $3.06 billion in revenue. Full-year earnings per share are expected to be $1.77 on full-year revenue of $12.2 billion.
According to Zacks, there hasn’t been any analyst movement in terms of estimate revisions for Texas Instruments Incorporated (NASDAQ:TXN) over the last 30 days.
Netflix, Inc. (NFLX)
Consensus estimates for Netflix, Inc. (NASDAQ:NFLX) indicate expectations of 40 cents per share on revenue of $1.07 billion for the second quarter of the year. Full-year earnings are expected to be $1.50 on full-year revenue of $4.3 billion.
The company has been consistently posting positive surprises over the last seven quarters, according to Street Insider. As a result, we’ve seen some major movement in shares of Netflix around each of the company’s last several reports. Nonetheless, Netflix, Inc. (NASDAQ:NFLX) investors may be starting to be anxious ahead of Monday’s earnings report. This year to day, the stock has risen 185 percent, thus tripling most shareholders’ assets in the company. The big question in their minds right now is whether the company can surprise yet again.
Canadian National Railway (CNI)
Analysts are expecting Canadian National Railway (NYSE:CNI) (TSE:CNR) to report second quarter earnings of $1.62 on revenue of $2.7 billion. Full-year earnings are expected to be $6.12 per share on full-year revenue of $10.6 billion.
The company’s last four earnings reports have been fairly close to consensus estimates. Analyst estimates for the company have changed over the last 30 days, with 5 of them revising their estimates downward and two others revising upward, according to Zacks.