Leucadia National Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Leucadia National Corporation (NYSE:LUK) will unveil its latest earnings on Thursday, August 4, 2011. Leucadia National Corp. is a holding company involved in the businesses of telecommunications, property management, manufacturing, gaming entertainment, medical product development, real estate activities and winery operations. Sprint Nextel Corporation Earnings Cheat Sheet: Loss Widens, Falls Below Estimates>>

Leucadia National Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 76 cents per share, a swing from a loss of $1.01 in the year earlier quarter. During the past three months, the average estimate has moved down from 86 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 76 cents during the last month. For the year, analysts are projecting net income of $2.32 per share, a decline of 69.7% from last year.

Past Earnings Performance: The company missed estimates last quarter by reporting profit of 5 cents per share against a mean estimate of net income of 45 cents per share.

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Key Stats:

A year-over-year revenue increase in the first quarter snaps a streak of two consecutive quarters of revenue declines. Revenue rose 25.8% in the first quarter and fell 39.8% in the fourth quarter of the last fiscal year and 44.9% in the third quarter of the last fiscal year.

Competitors to Watch: Telephone & Data Systems, Inc. (NYSE:TDS), IDT Corporation (NYSE:IDT), 3M Company (NYSE:MMM), Sprint Nextel Corporation (NYSE:S), AT&T (NYSE:T), Raven Industries, Inc. (NASDAQ:RAVN), Handy and Harman Ltd (NASDAQ:HNH), Otter Tail Corporation (NASDAQ:OTTR), Carlisle Companies, Inc. (NYSE:CSL), General Electric Company (NYSE:GE), and Verizon Communications Inc. (NYSE:VZ).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $3.07 (-8.4%) from $36.74 to $33.67. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 10.6% (+$3.69) over that span. It saw one of its worst periods between May 18, 2011 and May 25, 2011 when shares fell for six-straight days, falling 4.9% (-$1.83) over that span. Shares are up $4.49 (+15.4%) year to date.

(Source: Xignite Financials)

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