Earnings Previews: OfficeMax, Oaktree, Molson Coors, Ebix Inc, FXCM

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The Street has seen a host of highly anticipated earnings reports over the last two weeks. Some came in where expected, others blew away expectations and made investors like Icahn become household names to join their Netflix’s subscriptions. The following five companies will report their quarterlies before the bell on Monday and we’ve taken a moment to briefly look at what’s expected.

Earnings Previews: OfficeMax, Oaktree, Molson Coors, Ebix Inc, FXCM

OfficeMax Inc (NYSE:OMX):

OfficeMax Inc (NYSE:OMX) has had an interesting week—they’ve declared a new quarterly dividend, announced a partnership with the most notoriously bad team in baseball (Chicago Cubs), and been sued by an investor looking to block a proposed merger with Office Depot Inc (NYSE:ODP), and it’s only Friday.

OfficeMax is expected to announce a profit of $0.23 per share when it announces its earnings on Monday morning. That number has come down from $0.26 ninety days ago and is down from $0.24 sixty days ago. Year-over-year, $0.23 represents earnings unchanged. For the fiscal year, the consensus is looking for a profit of $0.80 up from $0.78 per share in fiscal 2012.

Revenue is expected to clock in at $1.84 billion for the quarter down 2 percent year-over-year. Revenue is expected to fall less than one percent for the fiscal year at $6.88 billion.

Oaktree Capital Group LLC (NYSE:OAK):

Oaktree Capital Group LLC (NYSE:OAK) strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

Oaktree traded at its 52-week high midday today, before coming down a little bit. Investors seem excited about Oaktree’s plans to invest heavily in UK rental properties. Suffice to say, Oaktree Capital Group LLC (NYSE:OAK) is no longer trading at “acorn” prices that Forbes suggested last fall.

The consensus expects Oaktree to announce earnings $1.52 per share, representing no move from 30 days ago. For the year, analysts expect earnings of $5.33 compared to earnings of $4.06 for fiscal 2012. Revenue is expected at $518.1 million for the quarter and $1.84 billion for the current year. The fiscal year revenue numbers represent a rise of 30.30 percent from 1.41 billion last year.

Molson Coors Brewing Company (NYSE:TAP):

Molson Coors Brewing Company (NYSE:TAP) manufactures and sells beer and other beverage products. The company sells its products in Canada under the Coors Light, Molson Canadian, Molson Export, Molson Canadian 67, Coors Light Iced T, Molson Dry, Molson M, Rickard’s Red, Rickard’s Blonde and other Rickard’s brands, Carling, Carling Black Label, Pilsner, Keystone, Creemore Springs, Granville Island brands, Caffrey’s, and Cobra brands. The company also brews or distributes licensed products under the Heineken, Amstel Light, Murphy’s, Asahi, Asahi Select, Miller Lite, Miller Genuine Draft, Miller Chill, Milwaukee’s Best, and Milwaukee’s Best Dry brands.

While the list above may seem almost ridiculously long, the list of beers they distribute dwarfs it by some margin. Last week saw Molson Coors’ stock eclipse its 52-week high.

The consensus expects Molson Coors to post earnings of $o.34 per share down considerably from year-over-year earnings of $0.47 due to acquisitions to its line. For the fiscal year, earnings are expected to be $4.02 up from earnings of $3.91 a year ago.

Revenue for the quarter is expected at $857.65 million up 24 percent from $691 million year-over-year. Revenue for the year is anticipated at $4.45 billion compared to $3.92 billion the year prior.


Ebix Inc (NASDAQ:EBIX) provides software and e-commerce solutions to the insurance industry. The company operates data exchanges, which connect various entities within the insurance markets and enables the participant to carry and process data from one end to another in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance.

But the real news is that Goldman Sachs purchased Ebix today. The cash deal is valued at $820 million, including the outstanding debt of Ebix to be taken over by Goldman. Following the third quarter of this year, Ebix, Inc. will not be publicly traded.

It’s a bit of a moot point now but Ebix Inc (NASDAQ:EBIX) is expected to announce earnings per share of $0.44 for the quarter up from $0.40 year-over-year. Revenue is expected at 53.8 million up 22.8 pecent from the year-over-year quarter.

The company has been countering allegations from short-sellers who accused Ebix of furnishing inaccurate financial statements. Though the company denied such accusations, yet its stock price has gone down 37 percent since the first charge was levied against it in Mar 2011.


FXCM Inc (NYSE:FXCM), through its subsidiaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. FXCM Inc (NYSE:FXCM) has recently been in the news for its bid for Gain Capital and subsequent withdraw of the offer.

The consensus expects to see an earnings per share of $0.23 for the quarter, up from the year-over-year quarter’s earnings of $0.17. For the fiscal year, analysts expect earnings of $0.88 up considerably from last year’s mark or $0.58.

Revenue is anticipated at $127.6 million compared to sales of $102.5 million for the corresponding quarter last year. Fiscal year revenue is expected at $501.52 million up significantly from 2012 when the company reported sales of $417.28 million.



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