Revised ECM Expected Earnings Dates
I posted this item on the Flextronics thread. The last several month's posts on that thread might be interesting reading (among the sites I posted above).
OK, these are the expected earning dates according to Zack's.
List of ECM companies reporting in January
I put the companies in rough order of revenues.
Company (Date estimated) Comments
SCIS (1/20/97) Consensus = 0.91 Based on recent stock action, market doesn't expect upside surprise; could get nice growth from Mexico plant.
KNT (1/14/97) Consensus= 0.25 Actual=0.26 Reported earnings increase and stock moved up.
FLEXF (1/16/97 ???) Consensus = 0.21 Company issued warning to analysts that restructuring charge will hit. Earnings from continuing ops originally expected at $0.40, outside chance of continuing ops surprise, but just as big a chance as downside hit due to greater merger costs. Long term, this is still one of my favorite companies because of strategic plan. But management seems more adept at thinking strategically than executing an operating plan.
DIIG (1/29/97) Consensus = 0.39 Market not anticipating good earnings. Company issued warning in September prior to bad 3rd Q release, but projected 10% sequential growth in revenues for 4th Q. Then they reported a write-off because they bought a small fab for
ASIC production from Paradigm instead of building a facility in Israel. The consensus estimate must be continuing ops earnings.
PLXS (1/16/97 ???) Consensus = 0.20 Market seems to expect nice upside surprise. Company getting some recent upgrades and stock price already on the move. PE has climbed and be tough to see upside surprise to warrant another big move up.
SANM (1/13/97) Consensus = 0.46 Actual = 0.47 Nice upside move in earnings, but just slightly ahead of analyst expectations. Stock moved up before (more) and after announcement (less).
BHE (2/4/97) Consensus = 0.47 Market doesn't expect big earnings increase because of merger costs. Could get a nice surpise, stock has moved up about 10% recently.
ELEX (1/27/97) Consensus = 0.17 Market seems to expect good earnings growth. This company is big backplane manufacturer in SV- competes with Zycon.
ALRN (2/13/97) Consensus = 0.26 Market expects good earnings growth.
ACTM (2/19/97) Consensus = 0.35 Market has sold off a bit lately. Was expecting big growth earlier in quarter. Maybe growth got factored in during big buying binge in early December.
IECE (1/20/97) Consensus = 0.03 Market doesn't expect much, if any, earnings from this company.
SFLX (2/10/97) Consensus = 0.31 This is my bet to surprise big on upside because recent strength in HDD business.
ELAMF ( N/A ) Consensus = 0.25 The consensus estimate seems too low in respect to the yearly estimate and last year's number. Essentially, they don't expect any Q earnings growth at all. Only two analysts cover according to Zack's; one strong buy, and one buy. Something looks funny here between estimate and ratings.
SIGA ( 1/16/97 ) Consensus = 0.05 Merger agreement with CCIR fell on the rocks, but stock didn't fall back all the way to pre-merger announcement price. This one is a wild card. Poorly run board manufacturer, with limited growth potential, but CCIR and SIGA would have been stronger together than apart.
I still like SFLX chances to surprise the best of the bunch and like the stock as a longer term investment as well.
I also think ELAMF has a chance to surprise because they make a lot of consumer goods and 4th Q is best sales month for these. I don't think Nintendo deal will begin producing revenues until next Q; if I am wrong on this, then definitely big upside surprise.
Paul |
