Home Business Earnings Previews: Activision Blizzard, GMCR, MBIA Inc., Transocean

Earnings Previews: Activision Blizzard, GMCR, MBIA Inc., Transocean

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With the market trading at an all-time high, first quarter earnings have provided a roller-coaster ride so far this season. Here is a look at five companies that will report after the bell tomorrow.

Activision Blizzard, Inc. (NASDAQ:ATVI):

Activision Blizzard, Inc. (NASDAQ:ATVI) publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Last week, leading video game publisher Activision Blizzard announced it would be releasing a new “Call of Duty” game in November. This should come as no surprise to anyone who follows Activision or the video game industry. However, this year’s version of the hit franchise will be a new spin-off that could create some excitement for an already climbing stock.

Activision Blizzard, Inc. (NASDAQ:ATVI) is presently trading near its 52-week high after reaching that plateau on Monday.

Wall Street is bullish on Activision expecting it to report earnings that are up 125 percent from a year ago when it reports. The consensus estimate is $0.09 per share, up from of$0.04 per share last year.

The consensus estimate has risen from $0.06 over the past 9o days. Analysts are expecting earnings of $0.76 per share for the fiscal year. Revenue is expected to fall 39.9 percent year-over-year to $704.2 million for the quarter, after being $1.17 billion a year ago. For the year, revenue is expected to arrive at $4.26 billion.

For the last four quarters, Activision Blizzard, Inc. (NASDAQ:ATVI) has seen an average of 60.5 percent growth in profit year-over-year.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR):

This is a highly anticipated report since the company beat analysts’ estimates handily in the first quarter of 2013. After a strong finish in 2012 and some early follow through performance in 2013, several analysts covering GMCR have increased their respective price targets on Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and are currently expecting a strong Q2 performance. Green Mountain like so many others is trading near a 52-week high it recently reached.

The consensus estimate is calling for profit of $0.72 a share, up from $0.64 per share a year ago. For the fiscal year, analysts are expecting earnings of $2.82 per share. Revenue is projected to be $1.02 billion for the quarter, 15.2 percent above the year-earlier total of $885.1 million. For the year, revenue is expected to come in at $4.47 billion.

The last four quarters have each seen  the company produce double-digit year-over-year revenue growth. In the same time, revenue has grown by an average of 26.6 percent.

J2 Global Inc (NASDAQ:JCOM):

J2 Global Inc (NASDAQ:JCOM) provides cloud services to businesses of various sizes through the Internet worldwide. The company operates in two segments, Business Cloud Services and Digital Media. J2 has been on a recent spending/acquisition spree. This week they announced that the acquisition Netherland-based Backup Connect BV for an undisclosed amount.

The consensus estimate has J2 coming in with earnings of $0.63 for the quarter down slightly year-over-year from $0.64. For the fiscal year analysts are looking forJj2 to show earnings of $2.79 up from $2.69 a year ago. Revenue is expected to reach $114.92 million, up over 32 percent from revenues of $86.65 million year-over-year. For the year, revenues are expected to reach $509.57 million up significantly and 37.2 percent above last year’s sales of $371.40 million.


MBIA Inc. (NYSE:MBI), together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and globally. MBIA stock soared yesterday afternoon on a report that the bond insurer is close to a settlement with Bank of America, removing a substantial overhang from the company’s share price.

MBIA Inc. (NYSE:MBI) is expected by the consensus to report earnings triple that of a year ago at $0.15 up from $0.05. For the fiscal year, analysts expect earnings to come in at $0.59 down considerably from earnings of $6.22 a year past. Revenues are expected to come down 24.1 percent with sales of $104 million versus sales of $137 million for the last two year-over-year quarters. For the year revenues are anticipated to slide to $402 million from $605 million a year ago, a loss of 33.5 percent.

Transocean LTD (NYSE:RIG):

Transocean LTD (NYSE:RIG) provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services, as well as logistics services.

Analysts have become increasingly iffy about Transocean LTD (NYSE:RIG) as expectations have fallen over the past 30 days to earnings of $1 per share from earnings of $1.03 per share. Analysts are estimating a 47.1 percent increase from the year-ago quarter, when Transocean reported earnings of 68 cents per share. The consensus estimate has fallen over the past three months, from $1.10. For the fiscal year, analysts are expecting earnings of $4.68 per share. Last quarter’s profit snapped two straight quarters of losses.

Revenue is anticipated at $2.36 billion for the quarter, 1.2 percent higher than the year-earlier total of $2.33 billion. For the year, revenue is expected to come in at $9.92 billion.

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