Red Hat and Navistar Move Up Trading Radars Prior to Earnings Reports

Red Hat, Inc. (NYSE:RHT) will unveil its latest earnings on Monday, December 19, 2011. The average estimate of analysts is for profit of 19 cents per share, a rise of 26.7% 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 was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 30% versus last year to 78 cents.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 22 cents per share versus a mean estimate of profit of 19 cents per share. On average, analysts predict $289.5 million in revenue this quarter, a rise of 22.9% from the year ago quarter. Analysts are forecasting total revenue of $1.13 billion for the year, a rise of 24.3% from last year’s revenue of $909.3 million.

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), BMC Software, Inc. (NASDAQ:BMC), Novell, Inc. (NASDAQ:NOVL), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), EMC Corporation (NYSE:EMC), Hewlett-Packard Company (NYSE:HPQ), VMware, Inc. (NYSE:VMW), and Symantec Corporation (NASDAQ:SYMC).

Navistar International Corp (NYSE:NAV) will unveil its latest earnings on Monday, December 19, 2011. The average estimate of analysts is for profit of $3.20 per share, a rise of more than fourfold 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 $3.10. Between one and three months ago, the average estimate moved up. It has been unchanged at $3.20 during the last month. Analysts are projecting profit to rise by 66.1% versus last year to $5.10.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 79 cents per share versus a mean estimate of profit of $1.35 per share. Analysts are projecting a rise of 32.3% in revenue from the year-earlier quarter to $4.46 billion.

Competitors to Watch: PACCAR Inc (NASDAQ:PCAR), Oshkosh Corporation (NYSE:OSK), Ford Motor Company (NYSE:F), AB Volvo (VOLVY), Spartan Motors, Inc. (NASDAQ:SPAR), Wabash National Corp. (NYSE:WNC), Caterpillar Inc. (NYSE:CAT), Cummins Inc. (NYSE:CMI), Daimler AG (DDAIF), and Toyota Motor Corp. (NYSE:TM).