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Thursday, July 26, 2012

Earnings To Watch: Sprint Nextel, Exxon Mobil, The Dow Chemical (S, XOM, DOW)


Sprint Nextel Corporation(NYSE:S) is all set to report its second quarter earnings on Thursday before market hours with analysts are estimating the company to report increased loss despite growth in revenue. Average analysts are estimating the company to report a loss of 40 cents a share, up from a year ago loss of 28 cents a share. Revenue is projected to grow by 5.10% to $8.73 billion, from $8.31 billion.

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The company has beaten analysts target in the past three consecutive quarters out of the past four quarters.  Shares of the company have jumped over 38% since it reported its first quarter earnings late April.  Shares of the company ended lower by 2.32% to $3.37 on Wednesday.

Exxon Mobil Corporation(NYSE:XOM) too set to report its second quarter earnings on Thursday before market hours with analysts are calling the company to report lower profit and revenue. Average analysts are estimating the company to report a profit of $1.95 a share, down from a year ago profit of $2.18 a share. Revenue is projected to fall by 8.30% to $115.08 billion, from $125.49 billion.

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The company has beaten analysts target in the past two quarters out of the past four quarters.  Shares of the company have fallen over 2% since it reported its first quarter earnings late April.  Shares of the company ended gigher by 0.78% to $85.24 on Wednesday.

The Dow Chemical Company(NYSE:DOW) will report its second quarter earnings on Thursday before market hours with analysts are calling the company to report lower profit and revenue. Average analysts are estimating the company to report a profit of 64 cents a share, down from a year ago profit of 85 cents a share. Revenue is projected to fall by 2.20% to $15.70 billion, from $16.05 billion.

The company has beaten analysts target in the past two quarters out of the past four quarters.  Shares of the company have fallen over 16% since it reported its first quarter earnings late April.  Shares of the company ended lower by 0.73% to $30.27 on Wednesday.

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