What About Earnings – 9 Feb 09

  • Insurance, food processing, outsourcing and consulting services are winners.
  • Waste management services, computer services, agro machinery and scientific & technical instrument industry saw in-line earnings.
  • Losers have been appliance and tools, retailers and financial services. Real-estate operations again show up in this category which is not a surprise anymore.


POSITIVE EARNINGS
American Financial Group Raises Guidance
American Financial Group Inc. (AFG) said it now expects 2009 earnings of $3.70 to $4.00 per share. The company’s previous guidance was earnings of $3.65 to $3.85 per share and the current consensus earnings estimate is $3.55 per share for the year ending December 31, 2009.

Zhongpin Guides Above Estimates
Zhongpin Inc. (HOGS) said it expects 2009 earnings of $1.50 to $1.63 per share on revenue of $780.0 million to $810.0 million. The current consensus earnings estimate is $1.49 per share on revenue of $720.4 million for the year ending December 31, 2009.

Hewitt Associates Raises Guidance
Hewitt Associates Inc. (HEW) said it now expects 2009 earnings of $2.45 to $2.55 per share. The company’s previous guidance was earnings of $2.35 to $2.45 per share and the current consensus earnings estimate is $2.40 per share for the year ending September 30, 2009.

INLINE EARNINGS
Waste Connections Gudies Inline
Waste Connections (WCN) said it expects 2009revenue of approximately $1.20 billion. The current consensus estimate is revenue of $1.21 billion for the year ending December 31, 2009.

Parkway Properties Reaffirms FFO Forecasts
Parkway Properties (PKY) said it continues to expect 2009 funds from operations of $3.50 to $3.85 per share. The current consensus FFO estimate is $3.67 per share for the year ending December 31, 2009.

Powell Industries Reaffirms
Powell Industries Inc. (POWL) said it continues to expect fiscal 2009 earnings of $2.60 to $2.85 per share on revenue of $700.0 million to $725.0 million. The current consensus earnings estimate is $2.87 per share on revenue of $717.3 million for the year ending September 30, 2009.

Qiagen Guides Inline
Qiagen N.V. (QGEN) said it expects 2009 earnings of $0.92 to $0.98 per share on revenue of $990.0 million to $1.04 billion, assuming constant exchange rates. The current consensus earnings estimate is $0.94 per share on revenue of $1.03 billion for the year ending December 31, 2009.

AGCO Guides Inline
AGCO Corp. (AG) said it expects 2009 earnings of $3.00 to $3.25 per share on revenue of $7.50 billion to $7.80 billion. The current consensus earnings estimate is $3.22 per share on revenue of $7.74 billion for the year ending December 31, 2009.

Sohu.com Provides Mixed Guidance
Sohu.com Inc. (SOHU) said it expects first quarter earnings of $1.05 to $1.10 per share on revenue of $111.5 million to $115.5 million. The current consensus earnings estimate is $1.03 per share on revenue of $117.5 million for the quarter ending March 31, 2009.

NEGATIVE EARNINGS
UDR Guides Below Estimates
UDR Inc. (UDR) said it expects 2009 funds from operations of $1.23 to $1.35 per share. The current consensus FFO estimate is $1.37 per share for the year ending December 31, 2009.

Charles River Labs Guides Below Estimates
Charles River Laboratories (CRL) said it expects 2009 earnings of $2.30 to $2.60 per share on revenue of $1.25 billion to $1.32 billion. The current consensus earnings estimate is $2.62 per share on revenue of $1.36 billion for the year ending December 31, 2009.

Alexandria Real Estate Equities Guides Below Estimates
Alexandria Real Estate Equities (ARE) said it expects 2009 funds from operaitons of approximately $6.26 per share. The current consensus FFO estimate is $6.45 per share for the year ending December 31, 2009.

CDI Lowers Guidance
CDI Corp. (CDI) said it expects fourth quarter revenue of $243.6 million to $246.5 million. The company’s previous guidance was revenue of $263.1 million to $272.1 million and the current consensus estimate is revenue of $266.2 million for the quarter ending December 31, 2008.

Whirlpool Guides Below Estimates
Whirlpool Corp. (WHR) said it expects 2009 earnings of $3.00 to $4.00 per share. The current consensus earnings estimate is $4.13 per share for the year ending December 31, 2009.

Insight Enterprises Guides Below Estimates
Insight Enterprises Inc. (NSIT) said it expects fourth quarter earnings of approximately $0.11 per share on revenue of approximately $1.16 billion. The current consensus earnings estimate is $0.27 per share on revenue of $1.28 billion for the quarter ending December 31, 2008.