2 Stocks Generating Investor and Trader Attention Ahead of Earnings Releases
Jefferies Group, Inc. (NYSE:JEF) will unveil its latest earnings on Tuesday, December 20, 2011. The average estimate of analysts is for net income of 14 cents per share, a decline of 54.8% 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 35 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 24 cents during the last month. For the year, analysts are projecting profit of $1.21 per share, a rise of 11% from last year.
The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 10 cents per share against an estimate of profit of 23 cents per share. The quarter before that, it missed forecasts by 2 cents. Analysts are projecting a decline of 12.3% in revenue from the year-earlier quarter to $583.2 million.
Competitors to Watch: Greenhill & Co., Inc. (NYSE:GHL), Piper Jaffray Companies (NYSE:PJC), Rodman & Renshaw Capital Group Inc. (NASDAQ:RODM), Goldman Sachs Group, Inc. (NYSE:GS), JMP Group Inc. (NYSE:JMP), Morgan Stanley (NYSE:MS), Evercore Partners Inc. (NYSE:EVR), Merriman Holdings Inc (NASDAQ:MERR), The Ziegler Companies, Inc. (ZGCO), and KBW, Inc. (NYSE:KBW).
The average estimate of analysts is for profit of 58 cents per share, a rise of 11.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 58 cents during the last month. Analysts are projecting profit to rise by 14.5% versus last year to $2.29.
Last quarter, the company came in at net income of 54 cents per share against a mean estimate of profit of 49 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by one cent.
Analysts are projecting a rise of 8.1% in revenue from the year-earlier quarter to $4.41 billion.
Competitors to Watch: Sanmina-SCI Corporation (NASDAQ:SANM), Benchmark Electronics, Inc. (NYSE:BHE), Kimball International (NASDAQ:KBALB), Plexus Corp. (NASDAQ:PLXS), Celestica Inc. (NYSE:CLS), SigmaTron International (NASDAQ:SGMA), SMTC Corporation (NASDAQ:SMTX), CTS Corporation (NYSE:CTS), Flextronics Intl. Ltd. (NASDAQ:FLEX), and Sparton Corporation (NYSE:SPA).