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<< Return to Part IV

In Part V of my reporting on earnings Tuesday we find the average daily volume traded to be about a million shares a day. The amount traded on an earnings release will often move to four or five times (or much more) the average if any surprises come out. While far from the highest volume companies, these can offer the biggest price moves due to the typically higher Beta. These companies often get overshadowed by the bigger ones. They are worth the time to look at.

Lexington Realty Trust (NYSE:LXP) is a $1.34 billion market cap company that trades an average of 1.36 million shares per day. The company was founded in 1991 and is based in New York City.
Industry: Real Estate Operations
Recent Price: $8.33
52 Week High: $10.14
52 Week Low: $6.10
Book Value: $8.45
Click to enlarge

The company reported (basic) $0.16 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.89. At $8.33, the price is currently below the 200 day moving average of 8.76, and below the 60 day moving average of 9.11. The next reporting quarter estimated mean earnings are $0.22 per share. Analyst estimates range between $0.21 and $0.23 per share.

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The forward P/E ratio is 8.95. The stock has a price to book ratio (ttm) of 0.81. The price to sales ratio is 3.04.
The last fiscal year had accounts receivable to sales percentage of 0.2996% compared to the same period a year earlier of 0.2373%. For the trailing twelve months, investors received $0.65 in dividends for a yield of 5.39%.
The company has falling revenue year-over-year of $342.86 million for 2010 vs. $356.32 million for 2009. The bottom line has rising earnings year-over-year of $-58.10 million for 2010 vs. $-242.88 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $78.23 million for 2010 vs. $87.72 million for 2009.

The annual growth rate of revenue is -3.78%.

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Becton, Dickinson and Co. (NYSE:BDX) is a $18.14 billion market cap company that trades an average of 1.19 million shares per day. The company was founded in 1897 and is based in Franklin Lakes, New Jersey.
Industry: Medical Equipment & Supplies
Recent Price: $83.37
52 Week High: $89.75
52 Week Low: $66.87
Book Value: $23.31
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The company reported (basic) $1.41 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.56. At $83.37, the price is currently above the 200 day moving average of 82.59, and below the 60 day moving average of 86.78. The Quick Ratio is 2.01. The next reporting quarter estimated mean earnings are $1.43 per share. Analyst estimates range between $1.4 and $1.45 per share.

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The current trailing twelve months (ttm) P/E ratio is 14.42 and the forward P/E ratio is 13.4. The stock has a price to book ratio (ttm) of 3.27. The price to sales ratio is 2.41.
The last fiscal year had accounts receivable to sales percentage of 0.1635% compared to the same period a year earlier of 0.1673%. For the trailing twelve months, investors received $1.46 in dividends for a yield of 1.98%.
The company has rising revenue year-over-year of $7.37 billion for 2010 vs. $6.99 billion for 2009. The bottom line has rising earnings year-over-year of $1.32 billion for 2010 vs. $1.23 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $1.68 billion for 2010 vs. $1.59 billion for 2009.
The annual growth rate of revenue is 5.52%.

Click to enlarge


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-Year Estimate Actual Difference Difference %
Mar-111.301.380.086.25%
Dec-101.291.28-0.01-0.45%
Sep-101.241.2400.00%
Jun-101.241.290.053.86%
Mar-101.231.270.043.06%

Cavium Inc. (NASDAQ:CAVM) is a $1.67 billion market cap company that trades an average of 1.17 million shares per day. Cavium was founded in 2000 and is based in Mountain View, California.
Industry: Semiconductors
Recent Price: $34.59
52 Week High: $48.30
52 Week Low: $22.16
Book Value: $5.92
Click to enlarge

The company reported (basic) $0.03 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.48. At $34.59, the price is currently below the 200 day moving average of 40.29, and below the 60 day moving average of 41.79. The Quick Ratio is 2.89. The next reporting quarter estimated mean earnings are $0.17 per share. Analyst estimates range between $0.15 and $0.2 per share.

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The current trailing twelve months (ttm) P/E ratio is 39.71 and the forward P/E ratio is 30.85. The stock has a price to book ratio (ttm) of 7.75. The price to sales ratio is 8.8.
The last fiscal year had accounts receivable to sales percentage of 0.1449% compared to the same period a year earlier of 0.2169%.
The company has rising revenue year-over-year of $206.50 million for 2010 vs. $101.21 million for 2009. The bottom line has rising earnings year-over-year of $37.12 million for 2010 vs. $-21.39 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $11.11 million for 2010 vs. $-21.23 million for 2009.
The annual growth rate of revenue is 104.02%.

Click to enlarge


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-Year Estimate Actual Difference Difference %
Mar-110.280.320.0413.07%
Dec-100.270.290.027.41%
Sep-100.230.250.027.48%
Jun-100.190.20.014.71%
Mar-100.110.140.0325.34%

Harris Corporation (NYSE:HRS) is a $5.14 billion market cap company that trades an average of 1.15 million shares per day. Harris Corporation was founded in 1895 and is based in Melbourne, Florida.
Industry: Communications Equipment
Recent Price: $40.10
52 Week High: $53.39
52 Week Low: $40.41
Book Value: $19.88
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The company reported (basic) $1.1 per share in earnings for the quarter ending April 1, 2011. The stock trades at a Beta of 0.91. At $40.10, the price is currently below the 200 day moving average of 46.74, and below the 60 day moving average of 45.56. The Quick Ratio is 1.32. The next reporting quarter estimated mean earnings are $1.23 per share. Analyst estimates range between $1.12 and $1.31 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 8.52 and the forward P/E ratio is 7.9. The stock has a price to book ratio (ttm) of 2.47. The price to sales ratio is 1.04.
The last fiscal year had accounts receivable to sales percentage of 0.1426% compared to the same period a year earlier of 0.1582%. For the trailing twelve months, investors received $0.89 in dividends for a yield of 2.47%.
The company has rising revenue year-over-year of $5.21 billion for 2010 vs. $5.01 billion for 2009. The bottom line has rising earnings year-over-year of $561.60 million for 2010 vs. $37.90 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $912.80 million for 2010 vs. $538.00 million for 2009.
The annual growth rate of revenue is 4.02%.

Click to enlarge


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-Year Estimate Actual Difference Difference %
Mar-111.151.160.010.72%
Dec-101.111.20.098.39%
Sep-101.241.280.042.91%
Jun-101.231.240.011.05%
Mar-101.251.30.053.59%

Liberty Global Inc. (NASDAQ:LBTYA) is a $10.49 billion market cap company that trades an average of 1.14 million shares per day. Liberty Global is based in Englewood, Colorado.
Industry: Broadcasting & Cable TV
Recent Price: $41.78
52 Week High: $47.31
52 Week Low: $27.08
Book Value: $12.73
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The company reported (basic) $1.42 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.53. At $41.78, the price is currently above the 200 day moving average of 40.83, and below the 60 day moving average of 43.81. The Quick Ratio is 1.27. The next reporting quarter estimated mean earnings are $0.26 per share.
Click to enlarge

The forward P/E ratio is 21.68. The stock has a price to book ratio (ttm) of 2.94. The price to sales ratio is 0.99.
The last fiscal year had accounts receivable to sales percentage of 0.1023% compared to the same period a year earlier of 0.1356%.
The company has rising revenue year-over-year of $9.02 billion for 2010 vs. $7.50 billion for 2009. The bottom line has rising earnings year-over-year of $388.20 million for 2010 vs. $-412.10 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $1.50 billion for 2010 vs. $982.40 million for 2009.
The annual growth rate of revenue is 20.27%.

Click to enlarge

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-Year Estimate Actual Difference Difference %
Mar-110.181.221.04581.56%
Dec-100.220.2200.00%
Sep-10-0.080.991.07NA%
Jun-10-0.34-2.66-2.32NA%
Mar-10-0.212.752.96NA%

OpenTable Inc. (NASDAQ:OPEN) is a $1.72 billion market cap company that trades an average of 1.09 million shares per day. OpenTable was founded in 1998 and is headquartered in San Francisco, California.
Industry: Software & Programming
Recent Price: $70.98
52 Week High: $118.66
52 Week Low: $43.15
Book Value: $4.87
Click to enlarge

The company reported (basic) $0.18 per share in earnings for the quarter ending March 31, 2011. At $70.98, the price is currently below the 200 day moving average of 82.52, and below the 60 day moving average of 82.63. The Quick Ratio is 2.29. The next reporting quarter estimated mean earnings are $0.2 per share. Analyst estimates range between $0.18 and $0.21 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 110.94 and the forward P/E ratio is 44.65. The stock has a price to book ratio (ttm) of 16.55. The price to sales ratio is 17.07.
The last fiscal year had accounts receivable to sales percentage of 0.1343% compared to the same period a year earlier of 0.111%.
The company has rising revenue year-over-year of $98.99 million for 2010 vs. $68.60 million for 2009. The bottom line has rising earnings year-over-year of $14.08 million for 2010 vs. $5.07 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $17.92 million for 2010 vs. $8.68 million for 2009.
The annual growth rate of revenue is 44.31%.

Click to enlarge

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-Year Estimate Actual Difference Difference %
Mar-110.230.280.0524%
Dec-100.220.330.1153.13%
Sep-100.150.230.0854.78%
Jun-100.120.150.0329.98%
Mar-100.100.140.0444.03%

Mueller Water Products, Inc. (NYSE:MWA) is a $511.53 million market cap company that trades an average of 1.09 million shares per day. Mueller Water Products, Inc. operates independently of Walter Industries, Inc. as of December 14, 2006.
Industry: Misc. Fabricated Products
Recent Price: $3.32
52 Week High: $4.80
52 Week Low: $2.21
Book Value: $2.60
Click to enlarge

The company reported (basic) $0.09 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 2.42. At $3.32, the price is currently below the 200 day moving average of 3.89, and below the 60 day moving average of 3.85. The Quick Ratio is 2. The next reporting quarter estimated mean earnings are $0.03 per share.
Click to enlarge

The forward P/E ratio is 19.41. The stock has a price to book ratio (ttm) of 1.15. The price to sales ratio is 0.35.
The last fiscal year had accounts receivable to sales percentage of 0.1514% compared to the same period a year earlier of 0.1515%. For the trailing twelve months, investors received $0.07 in dividends for a yield of 2.13%.
The company has falling revenue year-over-year of $1.34 billion for 2010 vs. $1.43 billion for 2009. The bottom line has rising earnings year-over-year of $-45.20 million for 2010 vs. $-996.70 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $4 million for 2010 vs. $-1 billion for 2009.
The annual growth rate of revenue is -6.33%.

Click to enlarge

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-Year Estimate Actual Difference Difference %
Mar-11-0.07-0.070NA%
Dec-10-0.05-0.06-0.01NA%
Sep-10-0.0100.01NA%
Jun-10-0.01-0.010NA%
Mar-10-0.09-0.11-0.02NA%

Wabash National Corporation (NYSE:WNC) is a $517.15 million market cap company that trades an average of 1.07 million shares per day. The company was founded in 1985 and is based in Lafayette, Indiana.
Industry: Auto & Truck Manufacturers
Recent Price: $7.39
52 Week High: $13.17
52 Week Low: $5.96
Book Value: $1.95
Click to enlarge

The company reported (basic) $0.05 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 2.08. At $7.39, the price is currently below the 200 day moving average of 10.26, and below the 60 day moving average of 9.11. The Quick Ratio is 0.55. The next reporting quarter estimated mean earnings are $0.10 per share. Analyst estimates range between $0.08 and $0.11 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 5.55 and the forward P/E ratio is 6.96. The stock has a price to book ratio (ttm) of 3.87. The price to sales ratio is 0.78.
The last fiscal year had accounts receivable to sales percentage of 0.0591% compared to the same period a year earlier of 0.0506%.
The company has rising revenue year-over-year of $640.37 million for 2010 vs. $337.84 million for 2009. The bottom line has falling earnings year-over-year of $-167.21 million for 2010 vs. $-105.09 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $-15.42 million for 2010 vs. $-66.07 million for 2009.
The annual growth rate of revenue is 89.55%.

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CBL & Associates Properties, Inc (NYSE:CBL) is a $2.63 billion market cap company that trades an average of 1.03 million shares per day.
Industry: Real Estate Operations
Recent Price: $17.78
52 Week High: $19.35
52 Week Low: $11.66
Book Value: $8.83
Click to enlarge

The company reported (basic) $0.25 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 3.30. At $17.78, the price is currently above the 200 day moving average of 17.56, and below the 60 day moving average of 18.23. The next reporting quarter estimated mean earnings are $0.46 per share. Analyst estimates range between $0.44 and $0.48 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 74.08 and the forward P/E ratio is 8.76. The stock has a price to book ratio (ttm) of 1.86. The price to sales ratio is 2.26.
The last fiscal year had accounts receivable to sales percentage of 0.1124% compared to the same period a year earlier of 0.1105%. For the trailing twelve months, investors received $1.53 in dividends for a yield of 4.74%.
The company has falling revenue year-over-year of $1.07 billion for 2010 vs. $1.08 billion for 2009. The bottom line has rising earnings year-over-year of $29.53 million for 2010 vs. $-36.81 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $370.50 million for 2010 vs. $280.01 million for 2009.
The annual growth rate of revenue is -0.11%.

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Rock-Tenn Company (NYSE:RKT) is a $2.42 billion market cap company that trades an average of 1.01 million shares per day. Rock-Tenn was founded in 1936 and is headquartered in Norcross, Georgia.
Industry: Containers & Packaging
Recent Price: $61.40
52 Week High: $78.64
52 Week Low: $46.61
Book Value: $28.12
Click to enlarge

The company reported (basic) $0.94 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.10. At $61.40, the price is currently below the 200 day moving average of 63.36, and below the 60 day moving average of 67.21. The Quick Ratio is 0.7. The next reporting quarter estimated mean earnings are $1.21 per share. Analyst estimates range between $1.08 and $1.49 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 10.92 and the forward P/E ratio is 8.52. The stock has a price to book ratio (ttm) of 1.95. The price to sales ratio is 0.66.
The last fiscal year had accounts receivable to sales percentage of 0.1111% compared to the same period a year earlier of 0.1086%. For the trailing twelve months, investors received $0.59 in dividends for a yield of 1.3%.
The company has rising revenue year-over-year of $3.00 billion for 2010 vs. $2.81 billion for 2009. The bottom line has rising earnings year-over-year of $225.60 million for 2010 vs. $222.30 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $372.80 million for 2010 vs. $418.50 million for 2009.
The annual growth rate of revenue is 6.72%.

Click to enlarge

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-Year Estimate Actual Difference Difference %
Mar-111.261.04-0.22-17.3%
Dec-101.191.280.097.95%
Sep-101.471.640.1711.46%
Jun-101.141.1400.00%
Mar-100.620.70.0813.27%

Quest Software, Inc. (NASDAQ:QSFT) is a $1.72 billion market cap company that trades an average of 1.01 million shares per day. The company was founded in 1987 and is headquartered in Aliso Viejo, California. This one looks very interesting. After a very strong pull-back in price, Quest may be trading at a bargin price under $19. If they beat again, the stock may really pop higher.
Industry: Software & Programming
Recent Price: $19.00
52 Week High: $28.47
52 Week Low: $18.84
Book Value: $10.73
Click to enlarge

The company reported (basic) $0.04 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.74. At $19.00, the price is currently below the 200 day moving average of 24.70, and below the 60 day moving average of 21.55. The Quick Ratio is 1.63. The next reporting quarter estimated mean earnings are $0.19 per share. Analyst estimates range between $0.18 and $0.2 per share.
Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 19.78 and the forward P/E ratio is 13.66. The stock has a price to book ratio (ttm) of 2.51. The price to sales ratio is 3.37.
The last fiscal year had accounts receivable to sales percentage of 0.2342% compared to the same period a year earlier of 0.2266%.
The company has rising revenue year-over-year of $767.10 million for 2010 vs. $695.24 million for 2009. The bottom line has rising earnings year-over-year of $98.57 million for 2010 vs. $70.36 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $120.58 million for 2010 vs. $83.49 million for 2009.
The annual growth rate of revenue is 10.34%.

Click to enlarge

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-Year Estimate Actual Difference Difference %
Mar-110.280.2-0.08-28.26%
Dec-100.440.4-0.04-10.11%
Sep-100.350.390.0410.64%
Jun-100.280.320.0414.29%
Mar-100.300.27-0.03-9.12%

ValueClick, Inc. (VCLK) is a $1.42 billion market cap company that trades an average of 970,000 shares per day. The company was founded in 1998 and is headquartered in Westlake Village, California.
Industry: Advertising
Recent Price: $17.99
52 Week High: $19.73
52 Week Low: $9.80
Book Value: $5.92
Click to enlarge

The company reported (basic) $0.21 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.68. At $17.99, the price is currently above the 200 day moving average of 15.85, and above the 60 day moving average of 17.42. The Quick Ratio is 2.93. The next reporting quarter estimated mean earnings are $0.19 per share. Analyst estimates range between $0.19 and $0.2 per share.

Click to enlarge


The current trailing twelve months (ttm) P/E ratio is 17.21 and the forward P/E ratio is 17.21. The stock has a price to book ratio (ttm) of 2.79. The price to sales ratio is 3.06.
The last fiscal year had accounts receivable to sales percentage of 0.2178% compared to the same period a year earlier of 0.1801%.
The company has rising revenue year-over-year of $430.80 million for 2010 vs. $422.72 million for 2009. The bottom line has rising earnings year-over-year of $90.51 million for 2010 vs. $68.62 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $92.52 million for 2010 vs. $82.53 million for 2009.
The annual growth rate of revenue is 1.91%.

Click to enlarge


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-Year Estimate Actual Difference Difference %
Mar-110.180.210.0317.85%
Dec-100.230.260.0314.04%
Sep-100.140.160.0212.6%
Jun-100.120.150.0328.53%
Mar-100.120.250.13117.01%

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources.

Source: Companies to Consider That Are Reporting Earnings on Tuesday Part V