More major earnings reports are due out before opening bell on Thursday: Occidental Petroleum Corporation (NYSE:OXY), Potash Corp./Saskatchewan (NYSE:POT) (TSE:POT), PulteGroup, Inc. (NYSE:PHM), Yandex NV (NASDAQ:YNDX) and United Parcel Service, Inc. (NYSE:UPS).
A consensus of analysts polled by Bloomberg indicates expectations of $1.57 in earnings per share on revenue of $5.6 billion for Occidental Petroleum Corporation (NYSE:OXY)’s first quarter. The company reported earnings of $1.92 per share on $6.3 billion in revenue during the first quarter of last year, coming in roughly in-line with expectations for the quarter.
Potash Corp./Saskatchewan (NYSE:POT) (TSE:POT) is expected to report earnings of 60 cents per share on $1.8 billion in revenue. The company has disappointed analysts and investors significantly in terms of earnings over the last five quarters. Its revenue has been roughly in-line with consensus in those quarters, however.
Analysts expect PulteGroup, Inc. (NYSE:PHM) to report earnings of 15 cents per share on $1.2 billion in revenue for the first quarter. The company has surprised to the positive side significantly in terms of earnings over the last five quarters. Revenue has been close to consensus in all five previous quarters.
Yandex NV (NASDAQ:YNDX) is expected to report 19 cents in earnings per share on $252 million in revenue. The company’s earnings have surprised to the positive in the previous two quarters and were in line with expectations in the first quarter of last year. Its reported revenue has been close to consensus over the last five quarters.
Investors are getting in on shares of Yandex NV (NASDAQ:YNDX) early in anticipation of tomorrow’s report. The stock rose as much as 5 percent at the NASDAQ on Wednesday.
Analysts predict that United Parcel Service, Inc. (NYSE:UPS) will post earnings of $1.02 per share on revenue of $13.4 billion. The company’s earnings have missed consensus slightly over each of the last five quarters, while its revenue has been in line with expectations for the quarters.
The delivery company had proposed a merger with TNT Express NV (AMS:TNTE), although in January the merger was blocked by the European Commission.
