What About Earnings – 10 Feb 09

  • Health-care seems to be the sole-winner.
  • Bio-tech, agro, and consulting services industry saw in-line earnings.
  • Losers have been solar semiconductor, retailers and financial services. Real-estate operations again show up in this category which is not a surprise anymore.

POSITIVE EARNINGS
Hanger Orthopedic Guides Earnings Above Estimates; Revenue Inline
Hanger Orthopedic Group Inc. (HGR) said it expects 2009 earnings of $0.96 to $0.98 per share on revenue of $750.0 million to $760.0 million. The current consensus earnings estimate is $0.93 per share on revenue of $756.5 million for the year ending December 31, 2009.

INLINE EARNINGS
Great Plains Energy Lowers Guidane, but Remains Inline with Estimates
Great Plains Energy Inc. (GXP) said it now expects 2009 earnings of $1.10 to $1.40 per share. The company’s previous guidance was earnings of $1.30 to $1.60 per share and the current consensus earnings estimate is $1.38 per share for the year ending December 31, 2009.

Kforce Sees Revenue Above Estimates
Kforce Inc. (KFRC) said it expects first quarter earnings of $0.05 to $0.09 per share, including items, on revenue of $226.0 million to $235.0 million. The current consensus earnings estimate is $0.06 per share on revenue of $215.6 million for the quarter ending March 31, 2009.

Vishay Intertechnology Provides Guidance
Vishay Intertechnology Inc. (VSH) said it expects first quarter revenue to be below $575.0 million. The current consensus estimate is revenue of $523.6 million for the quarter ending March 31, 2009.

Monsanto Reaffirms Below Estimates
Monsanto Company (MON) said it continues to expect fiscal 2009 earnings of $4.40 to $4.50 per share. The current consensus earnings estimate is $4.68 per share for the year ending August 31, 2009.

Coventry Health Care Reaffirms
Coventry Health Care (CVH) said it continues to expect 2009 earnings of $1.70 to $1.90 per share on revenue of $13.06 billion to $13.73 billion. The current consensus earnings estimate is $1.74 per share on revenue of $13.27 billion for the year ending December 31, 2009.

Elan Provides Revenue Guidance
Elan Corp. plc (ELN) said it expects 2009 revenue of more than $1.10 billion. The current consensus estimate is revenue of $1.24 billion for the year ending December 31, 2009.

NEGATIVE EARNINGS
Applied Materials Guides Below Estimates
Applied Materials Inc. (AMAT) said during its conference call it expects second quarter revenue to be below $933.3 million. The current consensus revenue estimate is $1.13 billion for the quarter ending April 30, 2009.

Mentor Graphics Guides Below Estimates
Mentor Graphics Corporation (MENT) said it expects to be profitable on a non-GAAP basis in the fourth quarter with revenue of approximately $243.0 million. The company previously said it expected earnings of approximately $0.55 per share on revenue of approximately $270.0 million and the current consensus earnings estimate is $0.49 per share on revenue of $269.0 million for the quarter ending January 31, 2009.

VF Corp. Guides Below Estimates
VF Corp. (VFC) said it expects first quarter earnings of $1.10 to $1.15 per share and 2009 earnings of approximately $5.42 per share, including pension costs. The current consensus earnings estimate is $1.22 per share for the quarter ending March 31, 2009 and $5.59 per share for the year ending December 31, 2009.

HCP Guides Below Estimates
HCP Inc. (HCP) said it expects 2009 funds from operations of $2.15 to $2.21 per share. The current consensus FFO estimate is $2.31 per share for the year ending December 31, 2009.

Pepsi Bottling Guides Below Estimates
Pepsi Bottling Group (PBG) said it expects 2009 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.29 per share for the year ending December 31, 2009.