Companies to Consider That Are Reporting Earnings on Wednesday (Part I)

|
 |  Includes: ATML, ATVI, CMCSA, CTL, FTR, HIG, ON, S, SUNEQ, TWX
by: Robert Weinstein

Wednesday will be a moderate day for most investors as we continue to wind down this earnings season. We expect to see earnings on many stocks; the following in particular caught my eye. These are the biggest ones offering the most liquid markets to profit from. If you own these names or looking to buy before the release you may want to think about protecting from the downside in case of a miss through options.

Just as important, if you are considering writing options due to the "unusual" premium, know that the price may have a very fast and far move after each company reports. I am including some of the key numbers that I believe should be looked at before investing into earnings.

Comcast Corporation (NASDAQ:CMCSA) is a $66.44 billion market cap company that trades an average of 17.72 million shares per day. The company was founded in 1969 and is based in Philadelphia, Pennsylvania.

Industry: Broadcasting & Cable TV
Recent Price: $24.12
52 Week High: $27.16
52 Week Low: $16.76
Book Value: $16.75

[Click on charts below to enlarge]

Click to enlarge

The company reported (basic) $0.34 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.04. During earnings season, Beta generally will increase. A Beta of 1 moves up and down with the market at an equal pace (equal amount of "volatility" as the overall market). Companies with a Beta of less than 1 have a history of relative price stability. Companies with a Beta over 1 have a history of relatively larger price swings compared to the overall market. At $24.12, the price is currently above the 200 day moving average of 23.42, and below the 60 day moving average of 24.64. The Quick Ratio is 1.08(generally the higher the better). The next reporting quarter estimated mean earnings are $0.41 per share. Analyst estimates range between $0.33 and $0.46 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 18.26 and the forward P/E ratio is 12.75. The stock has a price to book ratio (ttm) of 1.4. The price to sales ratio is 1.63.

The last fiscal year had accounts receivable to sales percentage of 0.0489% compared to the same period a year earlier of 0.0479%. For the trailing twelve months, investors received $0.38 in dividends for a yield of 1.86%.

The company has rising revenue year-over-year of $37.94 billion for 2010 vs. $35.76 billion for 2009. The bottom line has falling earnings year-over-year of $3.64 billion for 2010 vs. $3.64 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $7.98 billion for 2010 vs. $7.21 billion for 2009.

The annual growth rate of revenue is 6.1%.

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 0.34 0.34 0 0.00%
Dec-10 0.32 0.34 0.02 5.92%
Sep-10 0.30 0.32 0.02 6.95%
Jun-10 0.32 0.33 0.01 2.74%
Mar-10 0.30 0.31 0.01 4.24%
Click to enlarge

Frontier Communications Corp (NASDAQ:FTR) is a $7.43 billion market cap company that trades an average of 9.7 million shares per day. Frontier was founded in 1927 and is based in Stamford, Connecticut.

Industry: Communications Services
Recent Price: $7.52
52 Week High: $9.84
52 Week Low: $7.44
Book Value: $5.09

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 0.78. At $7.52, the price is currently below the 200 day moving average of 8.63, and below the 60 day moving average of 8.17. The Quick Ratio is 0.78. The next reporting quarter estimated mean earnings are $0.06 per share. Analyst estimates range between $0.05 and $0.08 per share.

The current trailing twelve months (ttm) P/E ratio is 53.57 and the forward P/E ratio is 25.86. The stock has a price to book ratio (ttm) of 1.24. The price to sales ratio is 1.7.

The last fiscal year had accounts receivable to sales percentage of 0.2045% compared to the same period a year earlier of 0.1385%. For the trailing twelve months, investors received $0.58 in dividends for a yield of 10.04%.

The company has rising revenue year-over-year of $3.80 billion for 2010 vs. $2.12 billion for 2009. The bottom line has rising earnings year-over-year of $152.67 million for 2010 vs. $120.78 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $772.00 million for 2010 vs. $606.17 million for 2009.

The annual growth rate of revenue is 79.31%.

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-11 0.06 0.06 0 0.00%
Dec-10 0.10 0.05 -0.05 -47.64%
Sep-10 0.10 0.08 -0.02 -18.45%
Jun-10 0.16 0.19 0.03 20.1%
Mar-10 0.15 0.16 0.01 6.38%
Click to enlarge

ON Semiconductor Corp. (ONNN) is a $3.93 billion market cap company that trades an average of 8.39 million shares per day. ON Semiconductor was founded in 1999 and is headquartered in Phoenix, Arizona.

Industry: Semiconductors
Recent Price: $8.75
52 Week High: $11.95
52 Week Low: $6.07
Book Value: $3.35

Click to enlarge

The company reported (basic) $0.17 per share in earnings for the quarter ending April 1, 2011. The stock trades at a Beta of 1.88. At $8.75, the price is currently below the 200 day moving average of 9.89, and below the 60 day moving average of 10.32. The Quick Ratio is 1.4. The next reporting quarter estimated mean earnings are $0.26 per share. Analyst estimates range between $0.16 and $0.29 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 13.08 and the forward P/E ratio is 6.44. The stock has a price to book ratio (ttm) of 3.21. The price to sales ratio is 1.9.

The last fiscal year had accounts receivable to sales percentage of 0.1273% compared to the same period a year earlier of 0.1475%.

The company has rising revenue year-over-year of $2.31 billion for 2010 vs. $1.77 billion for 2009. The bottom line has rising earnings year-over-year of $290.50 million for 2010 vs. $61.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $374.20 million for 2010 vs. $142.60 million for 2009.

The annual growth rate of revenue is 30.78%.

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 0.20 0.27 0.07 38.32%
Dec-10 0.22 0.22 0 0.00%
Sep-10 0.25 0.25 0 0.00%
Jun-10 0.22 0.24 0.02 8.16%
Mar-10 0.17 0.19 0.02 13.36%
Click to enlarge

Atmel Corporation (NASDAQ:ATML) is a $5.59 billion market cap company that trades an average of 6.77 million shares per day. The company was founded in 1984 and is headquartered in San Jose, California.

Industry: Semiconductors
Recent Price: $12.18
52 Week High: $16.80
52 Week Low: $5.00
Book Value: $2.36

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 0.92. At $12.18, the price is currently below the 200 day moving average of 12.88, and below the 60 day moving average of 13.77. The Quick Ratio is 1.97. The next reporting quarter estimated mean earnings are $0.18 per share. Analyst estimates range between $0.17 and $0.21 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 11.72 and the forward P/E ratio is 12.7. The stock has a price to book ratio (ttm) of 5.49. The price to sales ratio is 3.52.

The last fiscal year had accounts receivable to sales percentage of 0.141% compared to the same period a year earlier of 0.1594%.

The company has rising revenue year-over-year of $1.64 billion for 2010 vs. $1.22 billion for 2009. The bottom line has rising earnings year-over-year of $423.08 million for 2010 vs. $-109.50 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $107.53 million for 2010 vs. $-124.63 million for 2009.

The annual growth rate of revenue is 35.05%.

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 0.15 0.16 0.01 5.61%
Dec-10 0.16 0.47 0.31 187.81%
Sep-10 0.12 0.15 0.03 24.9%
Jun-10 0.06 0.06 0 0.00%
Mar-10 0.01 0.03 0.02 203.03%
Click to enlarge

Time Warner Inc. (NYSE:TWX) is a $38.29 billion market cap company that trades an average of 6.22 million shares per day. The company was founded in 1985 and is headquartered in New York, New York.

Industry: Broadcasting & Cable TV
Recent Price: $35.48
52 Week High: $38.62
52 Week Low: $29.21
Book Value: $29.90

Click to enlarge

The company reported (basic) $0.59 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.29. At $35.48, the price is currently above the 200 day moving average of 34.42, and below the 60 day moving average of 35.78. The Quick Ratio is 1.3. The next reporting quarter estimated mean earnings are $0.56 per share. Analyst estimates range between $0.53 and $0.58 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 15.96 and the forward P/E ratio is 11.14. The stock has a price to book ratio (ttm) of 1.12. The price to sales ratio is 1.37.

The last fiscal year had accounts receivable to sales percentage of 0.2385% compared to the same period a year earlier of 0.1997%. For the trailing twelve months, investors received $0.85 in dividends for a yield of 2.63%.

The company has rising revenue year-over-year of $26.89 billion for 2010 vs. $25.39 billion for 2009. The bottom line has rising earnings year-over-year of $2.58 billion for 2010 vs. $2.48 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $5.43 billion for 2010 vs. $4.47 billion for 2009.

The annual growth rate of revenue is 5.91%.

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-11 0.56 0.58 0.02 3.74%
Dec-10 0.62 0.67 0.05 7.79%
Sep-10 0.53 0.62 0.09 17.6%
Jun-10 0.45 0.5 0.05 10.45%
Mar-10 0.48 0.61 0.13 26.29%
Click to enlarge

Activision Blizzard, Inc. (NASDAQ:ATVI) is a $13.58 billion market cap company that trades an average of 5.96 million shares per day. Activision is based in Santa Monica, California. Activision Blizzard, Inc. operates as a subsidiary of Vivendi.

Industry: Software & Programming
Recent Price: $11.90
52 Week High: $12.65
52 Week Low: $10.40
Book Value: $8.88

Click to enlarge

The company reported (basic) $0.42 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.62. At $11.90, the price is currently above the 200 day moving average of 11.52, and above the 60 day moving average of 11.62. The Quick Ratio is 1.81. The next reporting quarter estimated mean earnings are $0.04 per share. Analyst estimates range between $0.02 and $0.05 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 26.44 and the forward P/E ratio is 17.5. The stock has a price to book ratio (ttm) of 1.51. The price to sales ratio is 3.46.

The last fiscal year had accounts receivable to sales percentage of 0.1439% compared to the same period a year earlier of 0.1727%. For the trailing twelve months, investors received $0.15 in dividends for a yield of 1.39%.

The company has rising revenue year-over-year of $4.45 billion for 2010 vs. $4.28 billion for 2009. The bottom line has rising earnings year-over-year of $418.00 million for 2010 vs. $113.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $469.00 million for 2010 vs. $-26.00 million for 2009.

The annual growth rate of revenue is 3.93%.

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 0.08 0.13 0.05 66.24%
Dec-10 0.51 0.53 0.02 3.33%
Sep-10 0.09 0.12 0.03 34.83%
Jun-10 0.05 0.06 0.01 9.89%
Mar-10 0.04 0.09 0.05 133.16%
Click to enlarge

Clearwire Corporation (CLWR) is a $2.13 billion market cap company that trades an average of 5.92 million shares per day. Clearwire Corporation is a subsidiary of Sprint HoldCo LLC.

Industry: Communications Services
Recent Price: $2.13
52 Week High: $8.82
52 Week Low: $1.98
Book Value: $1.12

Click to enlarge

The company reported (basic) $0.93 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.25. At $2.13, the price is currently below the 200 day moving average of 5.24, and below the 60 day moving average of 3.88. The Quick Ratio is 2.69.

Click to enlarge

The stock has a price to book ratio (ttm) of 0.77. The price to sales ratio is 1.83.
The last fiscal year had accounts receivable to sales percentage of 0.0558% compared to the same period a year earlier of 0.0425%.

The company has rising revenue year-over-year of $556.83 million for 2010 vs. $274.46 million for 2009. The bottom line has falling earnings year-over-year of $-487.44 million for 2010 vs. $-325.58 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $-2.21 billion for 2010 vs. $-1.18 billion for 2009.

The annual growth rate of revenue is 102.88%.

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 -0.55 -0.93 -0.38 NA%
Dec-10 -0.54 -0.53 0.01 NA%
Sep-10 -0.63 -0.58 0.05 NA%
Jun-10 -0.52 -0.61 -0.09 NA%
Mar-10 -0.51 -0.47 0.04 NA%
Click to enlarge

CenturyLink, Inc. (NYSE:CTL) is a $22.36 billion market cap company that trades an average of 5.68 million shares per day. CenturyLink was founded in 1968 and is based in Monroe, Louisiana.

Industry: Communications Services
Recent Price: $37.28
52 Week High: $46.87
52 Week Low: $35.10
Book Value: $31.57

Click to enlarge

The company reported (basic) $0.69 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 0.73. At $37.28, the price is currently below the 200 day moving average of 41.78, and below the 60 day moving average of 40.40. The Quick Ratio is 1.1. The next reporting quarter estimated mean earnings are $0.66 per share. Analyst estimates range between $0.63 and $0.71 per share.

The current trailing twelve months (ttm) P/E ratio is 12.55 and the forward P/E ratio is 13.5. The stock has a price to book ratio (ttm) of 1.44. The price to sales ratio is 1.98.

The last fiscal year had accounts receivable to sales percentage of 0.1158% compared to the same period a year earlier of 0.1611%. For the trailing twelve months, investors received $2.9 in dividends for a yield of 7.79%.

The company has rising revenue year-over-year of $7.04 billion for 2010 vs. $4.97 billion for 2009. The bottom line has rising earnings year-over-year of $947.71 million for 2010 vs. $647.21 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.06 billion for 2010 vs. $1.23 billion for 2009.

The annual growth rate of revenue is 41.56%.

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 0.70 0.76 0.06 8.57%
Dec-10 0.77 0.76 -0.01 -1.55%
Sep-10 0.81 0.83 0.02 2.7%
Jun-10 0.85 0.88 0.03 3.96%
Mar-10 0.86 0.93 0.07 7.6%
Click to enlarge

Hartford Financial Services (NYSE:HIG) is a $10.41 billion market cap company that trades an average of 5.53 million shares per day. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.

Industry: Insurance (Prop. & Casualty)
Recent Price: $23.46
52 Week High: $31.08
52 Week Low: $18.81
Book Value: $47.18

Click to enlarge

The company reported (basic) $1.13 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 3.04. At $23.46, the price is currently below the 200 day moving average of 26.33, and below the 60 day moving average of 25.51. The next reporting quarter estimated mean earnings are $0.01 per share.

The current trailing twelve months (ttm) P/E ratio is 6.17 and the forward P/E ratio is 5.86. The stock has a price to book ratio (ttm) of 0.88. The price to sales ratio is 0.8. For the trailing twelve months, investors received $0.2 in dividends for a yield of 1.71%.

The company has falling revenue year-over-year of $22.38 billion for 2010 vs. $24.70 billion for 2009. The bottom line has rising earnings year-over-year of $1.17 billion for 2010 vs. $-1.01 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.26 billion for 2010 vs. $-1.73 billion for 2009.

The annual growth rate of revenue is -9.38%.

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.

MEMC Electronic Materials, Inc. (WFR) is a $1.73 billion market cap company that trades an average of 5.35 million shares per day. The company was founded in 1984 and is based in St. Peters, Missouri.

Industry: Semiconductors
Recent Price: $7.46
52 Week High: $15.04
52 Week Low: $7.34
Book Value: $10.11

Click to enlarge

The company reported (basic) $0.02 per share in earnings for the quarter ending March 31, 2011. The stock trades at a Beta of 1.30. At $7.46, the price is currently below the 200 day moving average of 11.31, and below the 60 day moving average of 9.03. The Quick Ratio is 1.19. The next reporting quarter estimated mean earnings are $0.08 per share.

Click to enlarge

The current trailing twelve months (ttm) P/E ratio is 43.77 and the forward P/E ratio is 5.81. The stock has a price to book ratio (ttm) of 1.15. The price to sales ratio is 1.16. The last fiscal year had accounts receivable to sales percentage of 0.1481% compared to the same period a year earlier of 0.2112%.

The company has rising revenue year-over-year of $2.24 billion for 2010 vs. $1.16 billion for 2009. The bottom line has rising earnings year-over-year of $34.40 million for 2010 vs. $-68.30 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $21.10 million for 2010 vs. $-127.20 million for 2009.

The annual growth rate of revenue is 92.44%.

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 0.12 0.09 -0.03 -26.35%
Dec-10 0.34 0.05 -0.29 -85.28%
Sep-10 0.13 0.1 -0.03 -24.3%
Jun-10 0.09 0.06 -0.03 -32.58%
Mar-10 0.04 -0.01 -0.05 NA%
Click to enlarge

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.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

<<click here for part II<<