Must-Watch Earnings for This Week
NEW YORK (TheStreet) -- These five earnings reports expected Wednesday through Friday are all market-moving candidates. I start with a natural gas play and end with energy from Brazil. It's a good mix and each stock can affect the market with any surprises.
I examined each one based on key metrics and I am pleased to report they are all bullish.
SD data by YCharts
SandRidge Energy (SD)
Background:
SandRidge and its subsidiaries operate as an independent natural gas and oil company and trades an average of 9.6 million shares per day with a market cap of $3.2 billion. 52 week-high: $12.01, 52-week low: $5.01, book value: $3.51, price to book: 1.1 Investors are anticipating a better second-quarter earnings report after the market closes on Thursday. The consensus opinion is presently 1 cent a share, better than the break-even results during the corresponding period last year. SandRidge has two beats and two misses in the last four quarters. Shareholders in the last year have been taken back to the woodshed as shares fell 43% in the last year. There is hope, though; the average analyst target price for SD is $9.82. The trailing 12-month price-to-earnings ratio is 95 and the mean fiscal year estimate price-to-earnings ratio is 55, based on earnings of 11 cents per share this year. In the last month, the stock has fallen 0.6%. When SD last reported earnings, May 3, the closing price before earnings was $6.91. In comparison to a recent price of $6.78, shares are down 13%. Previously, SD had an increase of year-over-year revenue, but margins fell. Revenue reported was $1.42 billion last fiscal year compared to $931.74 million in the previous year. The bottom line has falling earnings year-over-year of $52.48 million last fiscal year compared to $153.12 million in the previous year. Guidance should look good. Rising natural gas prices and lower North American recoverable estimates are bullish for the stock.
CMCSA data by YChartsComcast (CMCSA) Background: Comcast is among the world's leading communication companies and trades an average of 12.3 million shares per day with a market cap of $85.2 billion.
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