2 Companies Readying Investors for Earnings Reports

Avis Budget Group, Inc. (NASDAQ:CAR) will unveil its latest earnings on Wednesday, February 15, 2012. The average estimate of analysts is for net income of 6 cents per share, up from net loss of 6 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 6 cents during the last month. Analysts are projecting profit to rise by 102.2% versus last year to $1.82.

Last quarter, the company beat estimates by 3 cents, coming in at profit of $1.02 a share versus the estimate of net income of 99 cents a share. It marked the fourth straight quarter of beating estimates. Analysts predict a rise of 35% in revenue from the year-earlier quarter to $1.66 billion.

Competitors to Watch: Dollar Thrifty Automotive Group, Inc. (NYSE:DTG), Hertz Global Hldgs., Inc. (NYSE:HTZ), AMERCO (NASDAQ:UHAL), Zipcar, Inc. (NASDAQ:ZIP), Ryder System, Inc. (NYSE:R).

Deere & Company (NYSE:DE) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of $1.23 per share, a rise of 2.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.24. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.23 during the last month. Analysts are projecting profit to rise by 17.3% compared to last year’s $7.78.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 18 cents, reporting net income of $1.62 per share against a mean estimate of profit of $1.44 per share. Analysts are projecting a rise of 17.8% in revenue from the year-earlier quarter to $6.49 billion.

Competitors to Watch: AGCO Corporation (NYSE:AGCO), Caterpillar Inc. (NYSE:CAT), Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW), The Toro Company (NYSE:TTC), Lindsay Corporation (NYSE:LNN), Kubota Corporation (NYSE:KUB), CNH Global N.V. (NYSE:CNH), Bucyrus (NASDAQ:BUCY), Alamo Group, Inc. (NYSE:ALG), Cummins (NYSE:CMI), General Electric (NYSE:GE) and Manitowoc Company, Inc. (NYSE:MTW).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com