-
Bristow Reports Strong F1Q11, Expects More To Follow
Thursday, August 5, 2010 - 9:55am | 100Bristow Group Inc. (NYSE: BRS) reported solid F1Q11 results with EBITDA of $60M vs. Oppenheimer's estimate of $58M. Strong demand in Australia and Nigeria helped offset elevated costs in Brazil. Revenue for F1Q11 grew 0.6% to $292M over Oppenheimer's $290M estimate, while European revenue...
-
A Peek Into The Market Before The Trading Starts
Thursday, August 5, 2010 - 9:26am | 454Pre-open movers US stock futures fell today, after weekly jobless claims rose unexpectedly last week to the highest level in nearly four months. While futures on the Dow Jones Industrial Average fell 33.00 points to 10,602, those on the S&P 500 lost 5.90 points to 1,119. Meanwhile, Nasdaq 100...
-
Cameron Int'l Reports 2Q Surprise
Thursday, August 5, 2010 - 8:55am | 83Cameron International (NYSE: CAM) reported solid 2Q results due to strong DPS margins on clean execution and positive mix, according to Jefferies & Company. 2Q EPS were $0.58 vs. $0.54 via consensus and Jefferies, and over EBITDA margins increased to 18.1% from 17.5%, exceeding the 17%...
-
Cameron Tops, Overcomes GoM Crisis - Analyst Blog
Wednesday, August 4, 2010 - 5:28pm | 739Oil drilling equipment maker Cameron International Corp. (CAM) reported second quarter earnings per share (excluding special items) of 58 cents, surpassing the Zacks Consensus Estimate of 55 cents. The better-than-expected results were mainly driven by solid performance in the execution of project-...
-
China Orders Stress Tests 08-04-2010
Wednesday, August 4, 2010 - 3:26pm | 841Cusick’s Corner We were reminded today that this market is still sensitive to headline risk – there was a report that the Chinese government ordered its banks to stress test a 60% loss in property value, the market immediately pulled back. This was a short lived pullback that is resulting in...
-
Complete Production Services, Inc. - Momentum
Wednesday, August 4, 2010 - 10:33am | 842Complete Production Services, Inc. (CPX) is fresh off the heels of an awesome 567% earnings surprise that sent shares blasting past a key level of resistance to a new multi-year high. Estimates jumped higher on the news, with the next year now projecting bullish 81% growth. Company Description...
-
The Dog That Didn't Bark? - Earnings Trends
Wednesday, August 4, 2010 - 10:32am | 5015Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better than expected on top...
-
Zacks Analyst Blog Highlights: The Dow Chemical Company, Baker Hughes, Archer Daniels Midland, Parker Hannifin and Tenet Healthcare - Press Releases
Wednesday, August 4, 2010 - 10:26am | 2601For Immediate Release Chicago, IL – August 04, 2010 – Zacks.com Analyst Blog features: The Dow Chemical Company (DOW), Baker Hughes Inc. (BHI), Archer Daniels Midland Co. (ADM), Parker Hannifin Corp. (PH) and Tenet Healthcare Corporation (THC ). Here are highlights from Tuesday’s Analyst Blog: Dow...
-
Rolling Out & Up 08-03-2010
Tuesday, August 3, 2010 - 4:07pm | 904Cusick’s Corner The market continues to stay in a stubborn range and is currently in the negative at this stage of the Midday. I want to highlight a FRO trade that is in the Bullish section -- a strategist looks to have closed an August 35 call position and bought a January 40 call position, which...
-
Baker Hughes Shares Plummet 13% (BHI)
Tuesday, August 3, 2010 - 2:45pm | 241Shares of Oilfield-services company Baker Hughes Incorporated (NYSE: BHI) have fallen more than 13% to $43.30 per share on Tuesday afternoon. The day's trading range for shares of Baker Hughes Incorporated has been between $42.79 and $45.69 per share. Analysts covering the company's stock have a...
-
Smith Int'l Net More than Doubles - Analyst Blog
Tuesday, August 3, 2010 - 2:10pm | 398Smith International Inc. (SII) reported second-quarter 2010 earnings of 29 cents per share, comfortably beating the Zacks Consensus Estimate of 24 cents and higher than the prior year performance of 15 cents. The quarter was primarily influenced by increased drilling activity in the U.S. and the...
-
OIH Weak Because of Baker Hughes (BHI, OIH)
Tuesday, August 3, 2010 - 1:48pm | 93The Oil Service HOLDRs ETF (NYSE: OIH) is weak today because of extreme weakness in shares of Baker Hughes (NYSE: BHI) tweets HCPG. Baker Hughes, which is a rig operator, is the largest component of the OIH at 12.95%. Baker Hughes is getting killed today after the company lowered its outlook, down...
-
Baker Hughes Tumbles On Weaker-Than-Expected Q2 Earnings
Tuesday, August 3, 2010 - 12:19pm | 73Shares of Baker Hughes Incorporated (NYSE: BHI) are falling after the company posted weaker-than-expected Q2 earnings. BHI’s shares dipped 11.21% to $44.60 at 10:00 am. BHI’s Q2 results were mixed, with some regions seeing weakness. Baker Hughes’ shares have moved up 20.75% over the past month and...
-
Jefferies Drops Helix Energy Price Target (HLX)
Tuesday, August 3, 2010 - 10:55am | 75Jefferies analysts lowered their price target 25%, but maintained a Buy rating for Helix Energy Solutions (NYSE: HLX). 2Q EPS was reported at $0.18, versus consensus of $0.14 and Jefferies estimate of $0.04. Jefferies said, "Our $12 price target is based on a sum-of-the-parts analysis. Risks...
-
Baker Hughes Slips, Profits Up - Analyst Blog
Tuesday, August 3, 2010 - 9:10am | 443Baker Hughes Inc. (BHI) reported second-quarter 2010 earnings of 41 cents per share, compared with the Zacks Consensus Estimate of 43 cents and year-ago earnings of 28 cents. We have adjusted reported earnings for costs associated with the BJ Services merger and increased depreciation and...