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Earning season so far has been mild. According to a FactSet report, 63 percent of the companies so far managed to beat analysts’ estimates for earnings, while 56 percent of the companies surpassed the revenue estimates. While this may sound good, but historically most of the S&P 500 companies tend to report better than expected results, hence the current season is actually a little lackluster when it comes to positive earnings surprise.
Moreover, the report also stated that the companies beat the estimates by mere 3 percent, which is the lowest final surprise factor since the fourth quarter of 2008. So, let’s have a look at the companies scheduled to report their earnings this week:
Apollo Group Inc. (NASDAQ:APOL): The company is scheduled to report its quarterly earnings on Tuesday, October 16, 2012. Apollo Group is likely to report lower profit for the fourth quarter at 49 cents per share. The company had reported is earnings per share at $1.02 for the corresponding quarter of the last year. For the full year, the company is expected to report its EPS at $3.57. Its revenue is likely to fall by 10 percent to $1.01 billion for the quarter. Apollo Group is currently trading at $28.20, down 1.54 percent from its previous close of $28.64. The stock is trading at the Price Earnings ratio of 6.73. It has traded in the range of $25.77 and $58.29 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $28.16 but below its 50 days moving average price of $28.43. This $3.19 billion company is engaged in the business of providing educational programs and services. It was founded in 1973 and is based out of Phoenix in Arizona.
Goldman Sachs Group Inc. (NYSE:GS): Goldman Sachs is scheduled to report its earnings on Tuesday before the market opens. The company is expected to report its profit for the third quarter of the year at $2.19 per share, up from net loss of 84 cents per share it had reported for the corresponding quarter of the last year. The company is likely to report its revenue at $7.2 billion. The company stock is currently trading at $121.90, up 1.41 percent from its previous close of $120.20. The stock had opened at $121.70 and has traded in the range of $120.75 and $122.00 in the current trading session. Goldman Sachs stock commands the Price Earnings ratio of 18.10. However, the stock is trading below its 20 days moving average price of $121.78 but above its 50 days moving average price of $121.42. Goldman Sachs has been reporting revenue declines for the past four quarters. It is looking to break the pattern in this quarter. The company commands the market capitalization of $60.09 billion.
International Business Machine Corporation (NYSE:IBM): The company stock is currently trading at $208.60, up 0.38 percent from its previous close of $207.80. The stock is trading at the Price Earnings ratio of 15.16. It has traded in the range of $176.17 and $211.79 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $208.59 and above its 50 days moving average price of $208.36. IBM is scheduled to announce its earnings on Tuesday. The analysts are expecting the tech giant to report its profit at $3.61 per share for the quarter, up 10.1 percent from a year before. The company’s profits are expected to increase by 13.1 percent. For the third quarter of the year, IBM is expected to report 3 percent lower revenue at $25.38. The company has been reporting positive earnings momentum from last three quarters and is likely to continue the streak. IBM commands $238.14 billion in market capitalization and its stock has beta of 0.61.
Intel Corp. (NASDAQ:INTC): Intel Corp. will be reporting its quarterly earnings on Tuesday as well and it is not expected to be a rosy day for the company. The tech giant had already posted warnings about the revenue and profit expectations. The company is now expected to report its EPS at 50 cents and its revenue is expected to stand at $13.23 billion, down 7 percent from the corresponding quarter of the last year. Intel is currently trading at $21.87, up 1.79 percent from its previous close of $21.48. The stock is trading at the Price Earnings ratio of 9.27. It has traded in the range of $21.40 and $29.27 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $21.85 and 50 days moving average price of $21.84.
