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#1
07-18-2007, 11:22 AM
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Earnings Week
a lot of big companies are reporting earnings this week, which will likely drive the overall market along with them. i'd like to hear some opinions. the companies i own and expect to beat are IBM (option position), C, and IGT.
ibm should finally reap the benefits of its acquisitions over the last year and a half. wall street will be looking for raw revenue growth, as well as continuing profitability of its software business. good margins here will almost automatically raise guidance for the future as it is easily their best business unit. C is really a play on banking/financials who have been lagging the market even though their earnings have remained steady. aggressive buybacks here as well. IGT is a new position which is straddling a 52-week low. IGT has a history of being hit for profit-taking and otherwise no good reason. i guess that's what you get from a gambling stock. people treat it like a roll of the dice, even though it's a very steady company, with great global long-term growth prospects. additionally, an earnings miss in Q2 could be attributed to the timing of its orders. this means that we could think of this stock as due for an earnings surprise. also, feel free to add other ER's that you are watching this week. 
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#2
07-18-2007, 04:33 PM
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Re: Earnings Week
not sure if anyone cares, but IBM beat earning estimates ($1.55 vs $1.47 mean) sporting a 19% rise in profit, 9% gain in total revenue and 13% year-to-year growth of software.
they are now trading around 17 multiple of 2007 earnings, which makes them rather cheap.
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#3
07-19-2007, 09:58 AM
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Re: Earnings Week
IGT quarterly EPS of $.41 beat earnings estimates by 2 cents, a 30% year-to-year growth. the revenue came in 1% shy of consensus, but still at almost 15% growth.
the stock is rebounding nicely, but we'll have to wait for the conference call to get any updated guidance. one of the good surprises however is how much they have left in stock repurchase authorizations. 47M shares on 332M outstanding. pretty much they are looking to scoop up every non-instutional share out there. that's potentially very good.
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