Analysts Project Lower Q2 Profits for Pfizer and 2 Other Dow Movers to Watch
Pfizer Inc. (NYSE:PFE): Current price $29.32
When Pfizer posts its second-quarter earnings on Tuesday, analysts believe they will see decreased profits, but they are mostly optimistic about the stock. They forecast that Pfizer will post earnings of 54 cents per share, which would be 13 percent less year-over-year when it reported earnings of 62 cents per share in 2012. During the past three months, the consensus has fallen from 58 cents. As for the fiscal year, analysts foresee earnings of $2.16 per share. Beyond that, analysts think that revenue could drop by 13 percent year-over-year to $13.04 billion for the second quarter, having been at $15.06 billion a year ago.
Alcoa (NYSE:AA): Current price $8.08
Alcoa’s board on Friday declared a quarterly common stock dividend of 3 cents per share, payable August 26 to shareholders of record as of the close on August 9, and a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock, payable October 1 to shareholders of record at the close on September 13.
Boeing Co. (NYSE:BA): Current price $105.60
More unpleasant news for Boeing: Poland’s flag carrier, LOT, announced Friday it will continue to pursue large damages from Boeing in regards to the grounding of its 787 Dreamliners, which the airline said damaged its efforts to restructure its struggling business. LOT was the first European airline to add Boeing’s Dreamliner to its fleet before the planes were grounded due to problems with their batteries. Presently, LOT’s fleet contains four Dreamliner jets.