9 Companies to Consider That Are Reporting Earnings on Wednesday, Part III

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Includes: AFL, ATI, CBG, CLF, ECL, HES, HMA, SO, TER
by: Robert Weinstein

<< Back to Part II

This is Part III of earnings being reported on Wednesday. There are quite a few market moving stocks reporting earnings. It is not hard to tell we are right in the middle of earnings season. Due to the quantity of companies reporting, I am focusing on the highest volume traded stocks. It is easy to see we are in the middle of earnings season when it takes this many parts to go over the biggest companies reporting in one day.

Hess Corp (NYSE:HES) is a $25.27 billion market cap global integrated energy company that operates in two segments: Exploration and Production (E&P), and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports and sells crude oil and natural gas. These exploration and production activities take place in Algeria, Australia, Azerbaijan, Brazil, Brunei, the People’s Republic of China, Colombia, Denmark, Egypt, Equatorial Guinea, France, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom and the United States.

The company reported (basic) $2.77 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 0.96 (generally the higher the better). The next reporting quarter estimated mean earnings are $2 per share. Analyst estimates range between $1.8 and $2.5 per share.

The current trailing twelve months (ttm) P/E ratio is 9.824 and the forward P/E ratio is 8.79. The stock has a price to book ratio (ttm) of 1.51. The price to sales ratio is 0.74.

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In the last month the stock has moved in price 7.72%, with a one year change of 42.47%. Comparing to the S&P500 price change, Hess Corp's performance is 1.58% vs. the S&P 500 from a month ago, and the one year difference is 15.85% vs. S&P 500 price change.

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The annual growth rate of revenue is 13.86%. The last fiscal year had accounts receivable to sales percentage of 0.1391% compared to the same period a year earlier of 0.1317%. For the trailing twelve months investors received $0.4 in dividends for a yield of 0.54%.

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Hess Corp has rising revenue year-over-year of $33.93 billion for 2010 vs. $29.80 billion for 2009. The bottom line has rising earnings year-over-year of $2.13 billion for 2010 vs. $740.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.99 billion for 2010 vs. $2.11 billion for 2009.

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Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 1.83 1.82 -0.01 -0.62%
Dec-10 1.26 1.2 -0.06 -4.98%
Sep-10 1.04 1.31 0.27 25.96%
Jun-10 1.13 1.15 0.02 1.34%
Mar-10 1.10 1.48 0.38 35%
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Ecolab Inc (NYSE:ECL) is a $12.31 billion market cap company. Ecolab Inc. (Ecolab) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets. The company reported (basic) $0.4 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.07. The next reporting quarter estimated mean earnings are $0.64 per share. Analyst estimates range between $0.62 and $0.64 per share.

The current trailing twelve months (ttm) P/E ratio is 23.309 and the forward P/E ratio is 17.86. The stock has a price to book ratio (ttm) of 5.63. The price to sales ratio is 1.97.

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In the last month the stock has moved in price -2.52%, with a one year change of 9.61%. Comparing to the S&P500 price change, Ecolab Inc's performance is -8.07% vs. the S&P 500 from a month ago, and the one year difference is -10.87% vs. S&P 500 price change.

The annual growth rate of revenue is 3.2%. The last fiscal year had accounts receivable to sales percentage of 0.1641% compared to the same period a year earlier of 0.1722%. For the trailing twelve months investors received $0.64 in dividends for a yield of 1.32%.

Ecolab Inc has rising revenue year-over-year of $6.09 billion for 2010 vs. $5.90 billion for 2009. The bottom line has rising earnings year-over-year of $530.30 million for 2010 vs. $417.30 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $806.80 million for 2010 vs. $681.30 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.44 0.45 0.01 2.27%
Dec-10 0.61 0.6 -0.01 -1.25%
Sep-10 0.65 0.66 0.01 1.06%
Jun-10 0.56 0.56 0 0.00%
Mar-10 0.39 0.41 0.02 4.81%
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Southern Co (NYSE:SO) is a $34.46 billion market cap company. The Southern Company (Southern Company) owns Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power), and Mississippi Power Company (Mississippi Power), each of which is an operating public utility company. The company reported (basic) $0.5 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 0.58. The next reporting quarter estimated mean earnings are $0.64 per share. Analyst estimates range between $0.62 and $0.68 per share.

The current trailing twelve months (ttm) P/E ratio is 17.836 and the forward P/E ratio is 14.93. The stock has a price to book ratio (ttm) of 1.89. The price to sales ratio is 1.83.

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In the last month the stock has moved in price 2.92%, with a one year change of 13.83%. Comparing to the S&P500 price change, Southern Co's performance is -2.94% vs. the S&P 500 from a month ago, and the one year difference is -7.44% vs. S&P 500 price change.

The annual growth rate of revenue is 10.88%. The last fiscal year had accounts receivable to sales percentage of 0.1162%, compared to the same period a year earlier of 0.1289%. For the trailing twelve months investors received $1.8 in dividends for a yield of 4.66%.
Southern Co has rising revenue year-over-year of $17.46 billion for 2010 vs. $15.74 billion for 2009. The bottom line has rising earnings year-over-year of $1.98 billion for 2010 vs. $1.64 billion for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $3.80 billion for 2010 vs. $3.27 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.51 0.5 -0.01 -1.17%
Dec-10 0.18 0.18 0 0.00%
Sep-10 0.99 0.98 -0.01 -0.79%
Jun-10 0.59 0.62 0.03 5.46%
Mar-10 0.44 0.6 0.16 37.52%
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CB Richard Ellis Group Inc (NYSE:CBG) is a $7.72 billion market cap company. CB Richard Ellis Group, Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. It is a commercial real estate services company offering a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estate. It operates in five segments: Americas, EMEA, Asia Pacific, Global Investment Management and Development Services. As of December 31, 2010, it operated more than 300 offices worldwide, excluding affiliate offices, providing commercial real estate services under the CB Richard Ellis and CBRE brand names and development services under the Trammell Crow brand name. It generates revenues from contractual management fees and on a per project or transactional basis. On February 15, 2011, it announced that it had entered into definitive agreements to acquire the majority of the real estate investment management business of ING Group N.V. (NYSE:ING).

The company reported (basic) $0.11 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.16. The next reporting quarter estimated mean earnings are $0.24 per share. Analyst estimates range between $0.21 and $0.26 per share.

The current trailing twelve months (ttm) P/E ratio is 32 and the forward P/E ratio is 15.28. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 7.19. The price to sales ratio is 1.28.

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In the last month the stock has moved in price 2.06%, with a one year change of 61.92%. Comparing to the S&P500 price change, CB Richard Ellis Group Inc's performance is -3.75% vs. the S&P 500 from a month ago, and the one year difference is 31.66% vs. S&P 500 price change.

The annual growth rate of revenue is 22.79%. The last fiscal year had accounts receivable to sales percentage of 0.2787% compared to the same period a year earlier of 0.301%.
CB Richard Ellis Group Inc has rising revenue year-over-year of $5.12 billion for 2010 vs. $4.17 billion for 2009. The bottom line has rising earnings year-over-year of $200.35 million for 2010 vs. $33.34 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $446.38 million for 2010 vs. $241.84 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.12 0.13 0.01 8.33%
Dec-10 0.34 0.36 0.02 7.24%
Sep-10 0.17 0.2 0.03 17.65%
Jun-10 0.09 0.18 0.09 107.61%
Mar-10 0.02 0.01 -0.01 -56.33%
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Aflac Inc (NYSE:AFL) is a $21.61 billion market cap general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services. Its principal business is supplemental health and life insurance, through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), which operates in the United States (Aflac U.S.) and as a branch in Japan (Aflac Japan). The company reported (basic) $0.84 per share in earnings for the quarter ending March 31, 2011. The next reporting quarter estimated mean earnings are $1.54 per share. Analyst estimates range between $1.52 and $1.58 per share.

The current trailing twelve months (ttm) P/E ratio is 10.297 and the forward P/E ratio is 7.12. The stock has a price to book ratio (ttm) of 2.41. The price to sales ratio is 1.29. The stock has taken a beating since the problems in Japan. In the longer term it would seem likely that financially the losses will become little more than a page note for Aflac.

In the last month the stock has moved in price 4.31%, with a one year change of -7.3%. Comparing to the S&P500 price change, Aflac Inc's performance is -1.63% vs. the S&P 500 from a month ago, and the one year difference is -24.62% vs. S&P 500 price change.

The annual growth rate of revenue is 13.58%. For the trailing twelve months investors received $1.13 in dividends for a yield of 2.6%.
Aflac Inc has rising revenue year-over-year of $20.73 billion for 2010 vs. $18.25 billion for 2009. The bottom line has rising earnings year-over-year of $2.34 billion for 2010 vs. $1.50 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $3.73 billion for 2010 vs. $2.31 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 1.52 1.65 0.13 8.63%
Dec-10 1.35 1.33 -0.02 -1.54%
Sep-10 1.39 1.45 0.06 3.98%
Jun-10 1.33 1.35 0.02 1.35%
Mar-10 1.32 1.41 0.09 6.87%
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Health Management Associates Inc (NYSE:HMA) is a $2.6 billion market cap company. Health Management Associates, Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities. As of December 31, 2010, the company operated 59 hospitals with a total of 8,864 beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The company reported (basic) $0.22 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.9. The next reporting quarter estimated mean earnings are $0.19 per share. Analyst estimates range between $0.18 and $0.2 per share.

The current trailing twelve months (ttm) P/E ratio is 14.368 and the forward P/E ratio is 11.1. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 4.6. The price to sales ratio is 0.47.

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In the last month the stock has moved in price -0.58%, with a one year change of 54.59%. Comparing to the S&P500 price change, Health Management Associates Inc's performance is -6.24% vs. the S&P 500 from a month ago, and the one year difference is 25.7% vs. S&P 500 price change.

The annual growth rate of revenue is 12.25%. The last fiscal year had accounts receivable to sales percentage of 0.1484% compared to the same period a year earlier of 0.144%.
Health Management Associates Inc has rising revenue year-over-year of $5.11 billion for 2010 vs. $4.56 billion for 2009. The bottom line has rising earnings year-over-year of $150.07 million for 2010 vs. $138.18 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $490.15 million for 2010 vs. $440.89 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.21 0.22 0.01 3.97%
Dec-10 0.16 0.16 0 0.00%
Sep-10 0.12 0.14 0.02 17.15%
Jun-10 0.15 0.16 0.01 6.52%
Mar-10 0.17 0.19 0.02 12.96%
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Allegheny Technologies Inc (NYSE:ATI) is a $6.96 billion market cap diversified specialty metals producer. The company’s products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings. The company reported (basic) $0.58 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.38. The next reporting quarter estimated mean earnings are $0.73 per share. Analyst estimates range between $0.67 and $0.79 per share.

The current trailing twelve months (ttm) P/E ratio is 60.546 and the forward P/E ratio is 13.71. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 2.66. The price to sales ratio is 1.34.

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In the last month the stock has moved in price 9.32%, with a one year change of 31.31%. Comparing to the S&P500 price change, Allegheny Technologies Inc's performance is 3.09% vs. the S&P 500 from a month ago, and the one year difference is 6.77% vs. S&P 500 price change.

The annual growth rate of revenue is 32.5%. The last fiscal year had accounts receivable to sales percentage of 0.1347% compared to the same period a year earlier of 0.1283%. For the trailing twelve months investors received $0.75 in dividends for a yield of 1.1%.
Allegheny Technologies Inc has rising revenue year-over-year of $4.05 billion for 2010 vs. $3.05 billion for 2009. The bottom line has rising earnings year-over-year of $70.70 million for 2010 vs. $31.70 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $185.40 million for 2010 vs. $92.70 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.50 0.56 0.06 11.71%
Dec-10 0.30 0.15 -0.15 -49.66%
Sep-10 0.05 0.05 0 0.00%
Jun-10 0.37 0.36 -0.01 -2.15%
Mar-10 0.24 0.24 0 0.00%
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Teradyne, Inc (NYSE:TER) is a $2.72 billion market cap global supplier of automatic test equipment. The company designs, develops, manufactures and sells automatic test systems and solutions used to test complex electronics in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries. The company reported (basic) $0.51 per share in earnings for the quarter ending April 3, 2011. The Quick Ratio is 2.91. The next reporting quarter estimated mean earnings are $0.41 per share. Analyst estimates range between $0.35 and $0.5 per share.

The current trailing twelve months (ttm) P/E ratio is 8.045 and the forward P/E ratio is 8.42. A rising P/E ratio is usually not what we want to see for an investment. The stock has a price to book ratio (ttm) of 2.84. The price to sales ratio is 1.98.

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In the last month the stock has moved in price 3.96%, with a one year change of 44.87%. Comparing to the S&P500 price change, Teradyne's performance is -1.96% vs. the S&P 500 from a month ago, and the one year difference is 17.8% vs. S&P 500 price change.

The annual growth rate of revenue is 96.32%. The last fiscal year had accounts receivable to sales percentage of 0.1097% compared to the same period a year earlier of 0.1528%.
Teradyne has rising revenue year-over-year of $1.61 billion for 2010 vs. $819.41 million for 2009. The bottom line has rising earnings year-over-year of $379.73 million for 2010 vs. $-133.84 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $413.47 million for 2010 vs. $-122.42 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.37 0.39 0.02 5.83%
Dec-10 0.25 0.37 0.12 50.59%
Sep-10 0.78 0.82 0.04 5.25%
Jun-10 0.47 0.69 0.22 47.69%
Mar-10 0.23 0.33 0.1 45.5%
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Cliffs Natural Resources Inc. (NYSE:CLF) is a $14.58 billion market cap international mining and natural resources company. The company is a producer of iron ore pellets in North America and metallurgical coal, and a supplier of direct-shipping lump and fines iron ore out of Australia. Its operations are managed into groups: North American Iron Ore; North American Coal; Asia Pacific Iron Ore; Asia Pacific Coal; Latin American Iron Ore; Alternative Energies; Ferroalloys; and Global Exploration Group.The company reported (basic) $3.12 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 2.11. The next reporting quarter estimated mean earnings are $3.71 per share. Analyst estimates range between $3 and $4.52 per share.

The current trailing twelve months (ttm) P/E ratio is 9.8 and the forward P/E ratio is 6.52. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 2.76. The price to sales ratio is 2.27.

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In the last month the stock has moved in price 15.29%, with a one year change of 83.16%. Comparing to the S&P500 price change, Cliffs Natural Resources Inc.'s performance is 8.72% vs. the S&P 500 from a month ago, and the one year difference is 48.93% vs. S&P 500 price change.

The annual growth rate of revenue is 99.92%. The last fiscal year had accounts receivable to sales percentage of 0.0767% compared to the same period a year earlier of 0.0442%. For the trailing twelve months investors received $0.51 in dividends for a yield of 1.12%.
Cliffs Natural Resources Inc. has rising revenue year-over-year of $4.68 billion for 2010 vs. $2.34 billion for 2009. The bottom line has rising earnings year-over-year of $1.02 billion for 2010 vs. $205.10 million for 2009. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $1.27 billion for 2010 vs. $230.20 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 2.22 3.11 0.89 40.03%
Dec-10 2.16 2.82 0.66 30.28%
Sep-10 2.58 2.18 -0.4 -15.44%
Jun-10 2.07 1.92 -0.15 -7.11%
Mar-10 0.49 0.56 0.07 15.16%
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.