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Ahead of Earnings: BIDU, BYD, ETFC, X
October 26, 2009
BY Billy Fisher:
Contributor, Stock Traders Daily
Real Time Trading Reports: Included are detailed trading reports designed to help investors realize opportunities in these companies as earnings are released. The reports are linked to the stock symbols in the article below. Performance - Click Here
(La Jolla, CA) Quarterly earnings will continue to roll out for a number of companies on Tuesday. Here are four names in particular that have attracted a lot of attention recently that traders should keep an eye on.
An Earth Scorching Run
The Chinese search platform Baidu (Nasdaq: BIDU) has had one of the better runs in 2009 among large cap technology companies. Year-to-date the stock has soared 233.4%. When the company reports its Q3 earnings on Tuesday before the market open, analysts will be looking for Baidu to check in with EPS growth of 23.1% on a 40.0% pop in sales when compared to the company’s year-ago quarter.
In Q2, Baidu experienced a 53.0% increase in its operating profits as revenue rose by 36.7% over the same period in 2008. The company has benefitted from the growth of its active online marketing customer base in recent quarters. Traders looking to bet on this tremendous turnaround story should check out our free BIDU trading report before pulling the trigger.
Shareholders of Boyd Gaming (NYSE: BYD) have experienced a remarkable reversal in fortunes so far in 2009 as well. Year-to-date the stock is up 131.6%. The casino operator will also announce its quarterly results before the market open on Tuesday. Analysts are looking for Boyd to report a 37.5% drop in EPS on a 3.3% slide in sales compared to the year-ago period. Instead of rolling the dice, traders should review our free BYD trading report ahead of earnings in order to make a calculated bet on this stock.
Seeking a Rebound
Wall Street is expecting E*TRADE Financial (Nasdaq: ETFC) to continue to see red when it reports its Q3 results after the market close on Tuesday. The consensus is that the online brokerage company will announce a Q3 net loss of $0.09 per share compared to a net loss of $0.60 for the same time period in 2008. Revenue is expected to be down 46.4%.
Despite this adversity, the company appears to be headed
on the road to recovery. In Q2, volumes were up on a
sequential basis, average co
mmission
per trade increased and interest spreads improved as
well. E*TRADE recently completed a debt exchange offer
which should reduce its debt service burden. Traders
looking to trade this stock ahead of earnings are
encouraged to view our
free ETFC
trading report.
Another company reporting on Tuesday that is also on the road to recovery is United States Steel (NYSE: X). Analysts on average are projecting the company to report a net loss of $2.87 per share compared to a profit of $8.79 in the year-ago quarter. Lower steel prices are expected to send total revenue down to the tune of 62.8%. Investors are hoping that the bottom is in on this name and have bid the stock up 145.3% since mid-March. Traders looking to weigh in on U.S. Steel with a long or short position before the release can benefit from reviewing our free X trading report beforehand.
Looking to capitalize on Q3 earnings? Check out dynamic real-time trading reports published by Stock Traders Daily CEO, Tom Kee Jr., with a Free Trial.
YTD 2009, Kee's Position Trades are up +56% on 4 trades.
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