Earnings Previews and Reviews – CHLN, AAP, BZH
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China Housing & Land Development, Inc. (CHLN), Advanced Auto Parts, Inc. (AAP), and Beazer Homes USA, Inc. (BZH) are three earnings related stocks to watch today.
Investors Build-Up Confidence into Earnings
China H&L Development [[CHLN]] is set to report earnings before the opening bell on Wednesday and investors are decidedly bullish with the stock trading more than 10% higher early Tuesday. The two analysts covering the stock expect earnings per share to be between $0.05 and $0.10, with an average estimate of $0.08. Meanwhile, revenues are projected to hit $20.4 million for the quarter.
China H&L Development has a mixed history of earnings surprises and disappointments. Last quarter, the company reported a loss of $0.32 per share, compared to analyst estimates of $0.08 per share. But in the first quarter, the company reported a profit of $0.06 per share, compared to analyst estimates of $0.01 per share for the period.
Will Advanced Auto Parts Drive Ahead?
Advanced Auto Parts, Inc. [[AAP]] is expected to report earnings after the closing bell on Wednesday. Analysts project the company to earn between $0.60 and $0.74 per share, with an average estimate of approximately $0.66 per share. On average, analysts project revenues to grow 6.2% versus the comparable period a year ago to $1.26 billion.
Historically, Advanced Auto Parts has surprised investors to the upside. Last quarter, the company announced earnings of $0.89 per share compared to estimates of $0.84 per share, while it has also surpassed expectations during the previous three quarters. Meanwhile, some industry peers have recorded better-than-expected earnings as well, which adds to the optimism.
Beazer Homes Constructs a Great Quarter
Beazer Homes USA, Inc. [[BZH]] reported better-than-expected results for its fourth quarter before the opening bell Tuesday. The homebuilder swung to a profit for the period on a gain from repaying debt early as the homebuilder’s sales rose and margins improved. As a result, shares jumped more than 13% in early trading on heavy volume.
Income from continuing operations amounted to $35.3 million, or $0.87 per share, on total revenues of $376.3 million. New orders from continuing operations increased 2.4% year-over-year and accounted for the majority of the optimism surrounding the stock. Meanwhile, gross margins improved to 6.6% versus -0.7% a year ago, which also boosted confidence.
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