Thursday, November 5th, 2009
Earnings Preview for Friday – BAM, LPNT, SUI
Brookfield Asset Management Inc. (BAM), LifePoint Hospitals Inc. (LPNT), and Sun Communities Inc. (SUI) are three stocks reporting earnings on Friday.
Brookfield Asset Management Inc.: $0.14/Share on $2.97 Billion
Brookfield Asset Management Inc. [[BAM]] is set to report their third quarter earnings before the opening bell on Friday. The asset manager is expected to earn between $0.03 and $0.24 per share, with an average estimate of $0.14 per share. Meanwhile, revenues are expected to drop 7.7% to $2.97 billion as the economic turmoil continues to take its toll on assets.
The company has a predominantly positive earnings history, including a 41.2% earning surprise during the second quarter. Notably, Ameriprise Financial Inc. [[AMP]] reported a 412.6% gain in its third quarter in late October, while other competitors have seen largely mixed results. Over the past three months, the stock has moved up around 5% compared to industry results of 7%.
LifePoint Hospitals Inc.: $0.56/Share on $729.9 Million
LifePoint Hospitals, Inc. [[LPNT]] is set to report their third quarter earnings before the opening bell on Friday. The hospital company is expected to earn between $0.52 and $0.60 per share, with an average estimate of $0.56 per share. Meanwhile, revenues are expected to grow 8.1% to $729.86 million as the health industry remains relatively immune to the recession.
The company has a mixed history of earnings surprises, including an 8.5% surprise to the downside during the second quarter. So far, Humana [[HUM]], Coventry [[CVH]], Health Net [[HNT]] and Tenet Healthcare [[THC]] all topped analyst estimates last quarter, with the only loser on a net basis being Tenet.
Sun Communities Inc.: $0.68/Share on $53.94 Million
Sun Communities Inc. [[SUI]] is set to report earnings before the opening bell on Friday. The managed real estate trust is expected to earn between $0.67 and $0.69 per share, with an average estimate of $0.68. Meanwhile, revenues are expected to rise 1.5% to $53.94 million as the real estate sector is seeing a modest recovery in some areas of the U.S.
The company has a mostly negative history of earnings surprises, with a 10.4% surprise down the downside reported during the second quarter. Notably, competitors like Equity Lifestyle Properties saw increased net income in the third quarter. But the sector as a whole remains largely fragmented based on geographical location.
Written by Simon Monger
