Agilent Technologies Inc. (NYSE:A) trades an average of 5.52 million shares per day, and has a market cap of $11.91 billion. Agilent provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries in the United States and internationally. Agilent is a component of the S&P 500, as well as several NASDAQ indices. The company was founded in 1999 and is headquartered in Santa Clara, California.
Time Released: Monday August 15, After Closing Bell
Analysts are expecting similar earnings per share compared to last quarter's results of $0.74. The company has beat estimates in the last four out of five quarters. Investors will be looking to top $0.73 per share, based on the estimated mean earnings. Analyst estimates range between $0.72 and $0.75 per share.
- Recent Price: $32.17
- 52 Week High: $55.33
- 52 Week Low: $26.68
- Book Value: $11.36
For the same fiscal period year-over-year, revenue has improved to $5.44 billion for 2010 vs. $4.48 billion for 2009. The bottom line has rising earnings year-over-year of $684 million for 2010 vs. $-31.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $566.00 million for 2010 vs. $47.00 million for 2009.
I believe the earnings release will likely be overshadowed by the overall market uncertainty. The stock has just been hammered hard, along with the rest of the S&P 500. I rate Agilent, based on my valuation, as oversold and due for a bounce higher. I especially like the idea of shorting September $30 strike put options that are pricing currently at $1.70. The risk is lower compared to buying the stock outright, and if I get exercised against, I will not mind holding this one in my portfolio.
Gross reported revenue compared to the mean estimate (rounded).
|Fiscal Quarter Ending Month-Year||Revenue Estimates||Actual||$ Difference||Difference %|
|Apr-11||$ 1.60 B||$ 1.68 B||$ 75.48 M||4.71%|
|Jan-11||$ 1.55 B||$ 1.52 B||$ -24.84 M||-1.6%|
|Oct-10||$ 1.52 B||$ 1.58 B||$ 59.34 M||3.89%|
|Jul-10||$ 1.41 B||$ 1.40 B||$ -14.16 M||-1%|
|Apr-10||$ 1.25 B||$ 1.27 B||$ 25.28 M||2.03%|
M = millions, B = billions
Reported earnings per share compared to the mean estimate. Differences are rounded.
|Fiscal Quarter Ending Month-Year||Estimate||Actual||Difference||Difference %|
(Some onetime items are often excluded in reported EPS.)
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in A over the next 72 hours.