Monday, February 8th, 2010
Earnings Previews and Reviews – BIDU, NTGR, BWP
Free Special Report: Top Value Stocks for Q2 2010
Baidu, Inc. (NASDAQ:BIDU), NetGear, Inc. (NASDAQ:NTGR), and Boardwalk Pipeline Partners, LP (NYSE:BWP) are three notable earnings previews and reviews for Monday, February 08, 2010.
Baidu Investors Searching for a Solid Quarter
Baidu, Inc. (BIDU, Free Analysis), a leading Chinese search engine operator, is set to report earnings after the market closes on February 9, 2010. Analysts are projecting earnings per share of between $1.54-1.78 with a consensus of $1.68 per share. Meanwhile, revenues are expected to jump 36.5% to $180.02 million, according to 12 analysts providing estimates.
Historically, Baidu has surprised to the upside during its last two quarters by 11.8% and 13.1%. Meanwhile, three analysts have upgraded the company over the past 30 days and one analyst upgraded the stock during the past seven days. Combined, this has led to expectations of better-than-anticipated earnings for the quarter.
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Will NetGear Connect with a Solid Quarter?
NetGear, Inc. (NTGR, Free Analysis), a designer and developer of networking products for home and small business, is set to report earnings after the market closes on February 9, 2010. Analysts are projecting earnings per share of between $0.19-0.23 with a consensus of $0.22 per share. Meanwhile, revenues are expected to jump 10.5% to $178.36 million.
Historically, NetGear has surprised to the upside during the past two quarters by 150% and 287.5%. Meanwhile, three analysts have raised their estimates over the past 30 days. Notably, competitor Cisco Systems (CSCO) reported a 14.3% surprise to the upside for its quarter. Combined, this has led to expectations of better-than-anticipated earnings for the quarter.
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Boardwalk Pipeline Delivers a Solid Q4
Boardwalk Pipeline Partners, LP (BWP, Free Analysis), a natural gas pipeline operator in the U.S., reported its fourth quarter earnings before market open Monday. The report showed operating revenues increasing 36% to $279 million versus the comparable quarter a year ago. Meanwhile, net income increased 6% to $71.6 million over year-ago results.
The solid results were driven by higher gas transportation and storage revenues from expansion projects and higher parking and lending revenues from favorable natural gas price spreads. Meanwhile, the company also realized higher depreciation and property taxes along with increased interest expense due to lower capitalized interested.
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Written by David Breen
