Good things are expected from Regal Entertainment Group when the Knoxville-based movie
theater operator releases its fourth quarter earnings on Thursday.
Analysts are predicting earnings of 20 cents per share, double the 10 cents per share the company reported in the prior-year quarter.
Revenue is expected to be up 14.9 percent from a year ago, reversing results from the previous two quarters when revenues were down from from the year before.
Shares of Scripps Networks Interactive have climbed from $43 at the first of the year to about $51 today, not far from their 52-week high.
But analysts have in recent days “become increasingly bearish” on the Knoxville-based lifestyle media company which will report first quarter earnings on Thursday, according to Forbes.com.
Analysts are now expecting earnings of 60 cents per share – down 3.2 percent from a year ago.
Weak movie theater attendance has been a drag on Regal Entertainment Group profits in recent months, but that is changing in the opening weeks of 2012.
Two financial firms this week raised their ratings and price targets for the Knoxville-based theater operator’s stock, citing improved theater attendance and advertising.
Piper Jaffray upgraded its rating for both Regal and National CineMedia, an in-theater digital advertising venture co-owned by Regal, to overweight from neutral.
This entry was posted in
Regal Entertainment Group and tagged advertising, analysts, attendance, box office, movie theater, National CineMedia, Piper Jaffray, price targets, Regal Entertainment, Regal Entertainment Group, stock, Wunderlich Securities on . February 16, 2012
Alcoa Inc.’s announcement that it would cut global smelting capacity 12 percent in response to falling aluminum prices is being sliced and diced today as analysts debate what to expect when Alcoa releases its quarterly earnings report on Monday.
Company shares were down more than 2 percent in late morning trading
Reuters quotes analyst Tony Rizzuto, of Dahlman Rose & Co., who sees the smelting reduction “as positive for Alcoa and the industry as it could lead to a more balanced supply/demand environment and provide some stability to aluminum pricing.”
This entry was posted in
Alcoa Inc. and tagged Alcoa, Alcoa Inc., aluminum, analysts, Associated Press, Brian Yu, Dahlman Rose & Co., earnings report, forbes, Reuters, Tony Rizzuto on . January 6, 2012
In normal times, it would be considered good news when a company reports quarterly earnings of
$4.3 billion, smashing even the most optimistic expectations.
But not this week. This week surrealism rules.
After Apple Inc. released its quarterly financial statement on Monday, news stories on Tuesday were filled with talk of
“disappointed investors” and anaylsts moaning that Apple didn’t sell as many iPads as the analysts had hoped.
I don’t get it. Is this bizarro world?
Second quarter earnings are turning out pretty good for publicly traded companies with East Tennessee connections — much to the surprise of analysts.
On Thursday, Greeneville-based air freight company Forward Air reported its 2Q profit nearly tripled and Maryville-based restaurant chain Ruby Tuesday reported a profit of $21 million, up 45 percent from a year ago.
Earlier this month, aluminum maker Alcoa
reported a profit of $136 million, a reversal of fortune from a loss of $454M a year ago. Even First Horizon National Corp., parent of First Tennessee bank, has returned to profitability with a slender profit of $2.7 million, or 1 cent per share.
Will the trend continue? Will analysts predictions be any better?