Here’s a list of reporting dates, Wall Street’s consensus estimates and actual reported results.
| Company |
Ticker |
Date |
Estimate |
Result |
| Signature Bank |
SBNY |
18-Jan |
$2.23 |
$2.43 |
| Sherwin-Williams |
SHW |
25-Jan |
$3.12 |
$3.16 |
| Alliance Data Systems |
ADS |
25-Jan |
$5.00 |
$5.24 |
| Danaher |
DHR |
30-Jan |
$1.16 |
$1.19 |
| Stryker |
SYK |
30-Jan |
$1.95 |
$1.96 |
| Check Point Software |
CHKP |
31-Jan |
$1.50 |
$1.58 |
| Aflac |
AFL |
31-Jan |
$1.55 |
$1.63 |
| Ingredion |
INGR |
1-Feb |
$1.75 |
$1.73 |
| Church & Dwight |
CHD |
5-Feb |
$0.50 |
$0.52 |
| Becton, Dickinson |
BDX |
6-Feb |
$2.41 |
$2.48 |
| Cerner |
CERN |
6-Feb |
$0.61 |
$0.58 |
| Cognizant Technology Solutions |
CTSH |
7-Feb |
$0.97 |
$1.03 |
| Fiserv |
FISV |
7-Feb |
$1.38 |
$1.41 |
| Intercontinental Exchange |
ICE |
7-Feb |
$0.72 |
$0.73 |
| Torchmark |
TMK |
7-Feb |
$1.23 |
$1.24 |
| Snap-On |
SNA |
8-Feb |
$2.66 |
$2.69 |
| Moody’s |
MCO |
9-Feb |
$1.45 |
$1.51 |
| Carriage Services |
CSV |
14-Feb |
$0.40 |
$0.39 |
| Wabtec |
WAB |
20-Feb |
$0.92 |
$0.90 |
| Continental Building Products |
CBPX |
22-Feb |
$0.33 |
$0.41 |
First it was AFLAC, now it’s Fiserv’s turn. Fiserv (FISV) announced today that it will split its stock 2-for-1. If you own FISV, you’ll get twice as many shares and the stock price will drop in half.
Shareholders at the close of business on March 5 will get additional shares on March 19. This is Fiserv’s first split since 2013.
This morning, Hormel Foods (HRL) reported Q1 earnings of 56 cents per share. Of that, 12 cents was due to tax reform, so let’s say it was 44 cents per share in terms of continuing operations. That matched consensus.
Hormel also raised its FY 2018 guidance to a range of $1.81 to $1.95 per share. The old range was $1.62 to $1.72 per share. The company is also raising its starting wage from $13 to $14 per share.
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The Euro Zone Needs More Risk Sharing, But Fewer Risks
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The futures market looked ugly before the open, but the market is up for the day (at the moment I’m writing this.) If we stay green, this would be the seventh-straight up day for the market.
I should mention that Friday was a very good day for our Buy List. The portfolio was up 0.66% while the S&P 500 was up 0.04%. Carriage Services was a big help. The stock gained 3.2% on Thursday ahead of their earnings report. Then on Friday after the report, CSV rose another 5.3%.
We have two earnings reports on Thursday; Continental Building Products (CPBX) and Hormel Foods (HRL). Even though they report on the same day, CBPX is for the December quarter while Hormel’s is for the quarter ending in January.
After that, Ross Stores (ROST) will report their fiscal Q4 earnings ON March 6, two weeks from today. After that, there’s not going to be much earnings news for some time. Two stocks on the Buy List are on the February cycle. Factset Research Systems (FDS) will probably report in mid-to-late March, and RPM International (RPM) will report sometime in early April. After that, the Q1 earnings season starts up in mid-April.
This morning, Wabtec (WAB) reported Q4 earnings of 90 cents per share. That’s not much of a surprise since that’s what they had told us to expect. For the year, WAB made $3.43 per share.
Last year was a tough one for Wabtec, but it was also promising considering the integration of Faiveley.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “After a year of transition in 2017, during which we made excellent progress on the Faiveley integration and continued to invest in our worldwide growth opportunities, we are confident the company is positioned for improved performance in 2018. We have a record backlog, we’re seeing improvements in the freight aftermarket, and our Wabtec Excellence Program provides the fuel to increase margins over time. We are committed to achieving our 2018 plan and excited about Wabtec’s long-term growth prospects.”
For 2018, Wabtec expects sales to be about $4.1 billion and adjusted EPS to be about $3.80. They said they expect Q1 to be about the same as Q4, meaning 90 cents per share.
Update: Wall Street seems happy with the report. At mid-day, WAB is up about 4.7%.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His Buy List has beaten the S&P 500 by 102% over the last 17 years. (more)
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