2 Stocks Garnering Trading Attention Ahead of Earnings
Deere & Company (NYSE:DE) will unveil its latest earnings on Wednesday, November 23, 2011. The average estimate of analysts is for net income of $1.44 per share, a rise of 34.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from $1.43 during the last month. Analysts are projecting profit to rise by 38.5% versus last year to $6.44.
Last quarter, the company beat estimates by one cent, coming in at profit of $1.69 a share versus the estimate of net income of $1.68 a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 19.5% in revenue from the year-earlier quarter to $7.84 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), Alamo Group, Inc. (NYSE:ALG), Manitowoc Company, Inc. (NYSE:MTW).
Yingli Green Energy Holding Company Limited (NYSE:YGE) will unveil its latest earnings on Wednesday, November 23, 2011. The average estimate of analysts is for net income of 3 cents per share, a decline of 93.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 11 cents during the last month. For the year, analysts are projecting profit of 63 cents per share, a decline of 57.1% from last year.
The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 33 cents per share against a mean estimate of profit of 29 cents per share. In the first quarter, it missed forecasts by 3 cents. Analysts are projecting a rise of 34.9% in revenue from the year-earlier quarter to $662.2 million.
Competitors to Watch: Trina Solar Limited (NYSE:TSL), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), JA Solar Hldgs. Co., Ltd. (NASDAQ:JASO), SunPower Corporation (NASDAQ:SPWRA), First Solar, Inc. (NASDAQ:FSLR), China Sunergy Co., Ltd. (NASDAQ:CSUN), Hanwha Solarone Co Ltd (HSOL), JinkoSolar Holding Co., Ltd. (NYSE:JKS), and Ascent Solar Tech., Inc. (NASDAQ:ASTI).