Earnings Preview: Questcor, Verisk, Weatherford, Fiserv, Annie’s

Earnings Preview: Questcor, Verisk, Weatherford, Fiserv, Annie’s

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.

Earnings Preview: Questcor, Verisk, Weatherford, Fiserv, Annie's

Earnings Preview

Questcor Pharmaceuticals, Inc. (QCOR):

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Questcor Pharmaceuticals, Inc., a biopharmaceutical company, provides drugs for the treatment of multiple sclerosis, nephrotic syndrome, and infantile spasms indications. It primarily offers H.P. Acthar Gel, an injectable drug for the treatment of acute exacerbations of multiple sclerosis in adults; to induce a diuresis or a remission of proteinuria in the nephrotic syndrome without uremia of the idiopathic type or that due to lupus erythematosus; and as monotherapy for the treatment of infantile spasms in infants and children under two years of age.

Questcor came out of the gates strong today and looked to reach its 52-week high. It fell back midday but still enjoyed a gain of nearly 2%.

The consensus estimate is calling for profit of $1.13 a share, a rise from $0.65 per share a year ago. The consensus estimate has risen from three months ago when it was 99 cents. It hasn’t been adjusted since. Analysts are projecting earnings of $4.06 per share for the fiscal year compared to earnings of $3.33 per share in 2012. Revenue is projected to breach the year-earlier total of $112.5 million by 50%, finishing at $169 million for the quarter. For the year, revenue is projected to roll in at $666.2 million up over 30% from sales of $509.29 the year prior.

Verisk Analytics, Inc. (VRSK):

Verisk Analytics, Inc. provides proprietary data, analytics methods, and embedded decision support solutions for detecting fraud in property and casualty (P&C) insurance, financial, and healthcare industries primarily in the United States. The company’s Risk Assessment segment provides solutions to P&C insurance customers that focus on the first two decision making processes in risk analysis framework, including prediction of loss, and selection and pricing of risk.

The consensus estimate suggests earnings of $0.53 per share compared to the corresponding quarter when Verisk came in with earnings of $0.47 per share. For the year, analysts expect earnings of $2.30 up from $2.10 in fiscal 2012.

Revenue for the quarter should come in at $418.84 million up 12.2% from year-over-year sales of $373.23 million. The consensus is looking for fiscal sales of $1.72 billion, once again up over 12% from sales of $1.53 billion.

Weatherford International Ltd. (WFT):

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. It offers artificial lift systems, which include progressing cavity pumps, reciprocating rod lift systems, gas lift systems, hydraulic lift systems, plunger lift systems, hybrid lift systems, and wellhead systems. The company also provides drilling services, including directional drilling.

The majority of analysts (89%) rate Schlumberger as a buy. This compares favorably to the analyst ratings of its nearest seven competitors, which average 68% buys.

The consensus expects earnings to come in at $0.15 compared to better earning the year-over-year quarter when Weatherford reported a profit of $0.17 per share. For the fiscal year, earnings should come in at $0.81 per share up considerably from $0.58 per share the year prior.

For the quarter, revenues are expected to reach $3.88 billion compared to the corresponding quarter when sales were $3.78 billion. For the fiscal year, revenues are meant to reach $16.11 billion. The prior year saw sales of $15.22 billion, a difference of nearly 6 percent.

Fiserv, Inc. (FISV):

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company?s Payments and Industry Products segment offers electronic bill payment and presentment, card-based transaction processing and network services, ACH transaction processing, account-to-account transfer products, and person-to-person payments; Internet and mobile banking systems; and related services, including document and payment card production and distribution, check processing and imaging, source capture systems, and lending and risk management products and services.

The consensus estimate is calling for profit of $1.44 a share, reflecting a rise from $1.28 per share a year ago.The consensus estimate has dipped over the past three months from $1.46 yet there are plenty of positives.  Analysts are expecting earnings of $5.94 per share for the fiscal year compared to $5.13 in 2012.  Revenue is projected to be 9% above the year-earlier total of $1.10 billion at $1.20 billion for the quarter. For the year, revenue is expected to come in at $4.87 billion a rise of 8.6% from sales of $4.48 billion.


Annie’s, Inc. (BNNY):

Annie?s, Inc. engages in the production, marketing, and distribution of natural and organic food products. It offers approximately 135 products comprising meals, snacks, dressings, condiments, and other products, including macaroni and cheese, snack crackers, fruit snacks, and graham crackers under the Annie?s Homegrown and Annie?s Naturals trademarks. The company sells its products directly, as well as through distributors to the mainstream grocery, mass merchandiser/other, and natural retailer channels in the United States and Canada. Annie?s, Inc. was founded in 1989 and is headquartered in Berkeley, California.

Earnings for the quarter are expected to reach $0.14 by the consensus compared to year-over-year earnings of $0.12. For the fiscal year, earnings should reach $0.99 compared to the year prior when earnings of $0.80 were reported.

Revenue for the quarter is expected by analysts to come in at $40.09 million up nearly 17% from sales of $34.29 million in the corresponding quarter. For the fiscal year the consensus maintains that Annie’s will see sales of $204.10 million, up over 20% from the prior year’s sales of $169.98 million.




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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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