Tag Archives: Wall Street Cheat Sheet

Eastman Chemical expected to report higher profit

Eastman Chemical is expected to report increased profit when it files its third quarter earnings report on Thursday.

Analysts are looking for a profit of $1.42 per share, which would be a 19 percent increase from $1.19 per share in the 2011 third quarter.

Eastman shares were down about 30 cents to $55.78 in early afternoon trading. The Kingsport, Tenn, company is a global producer of chemicals, plastics, and fibers.

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Second quarter slump for Regal?

twilight_atb_12.jpgRegal Entertainment Group’s second quarter earnings report may not be as robust as the first quarter.

 So says the Wall Street Cheat Sheet.

The financial media company says domestic second quarter movie ticket sales didn’t live up to expectations and it is lowering revenue estimates for Knoxville-based Regal and other movie exhibitors.

Regal is now expected to report revenue of $729 million for the quarter, down from earlier projections of $762 million.

The Cheat Sheet cut its projected second quarter earnings per share for Regal to 20 cents from 31 cents.

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Analysts expect reduced Alcoa earnings

Analysts are expecting aluminum giant Alcoa Inc. to report reduced earnings next week when it kicks off the second quarter earnings season.

Earnings estimates have dropped in the last few weeks to 6-7 cents per share, down from about early predicitions in the 12 cents range, according to a published reports.

However, many analysts continue to have a positive long-term outlook on Alcoa, a major player in the the Knoxville region manufacturing sector

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Analysts say E.W. Scripps to report 4Q profit, revenue decline

Wall Street expects media company E.W. Scripps to report a profit of 17 cents per share and a continued decline in revenue for the 2011 fourth quarter.

The parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal plans to release its latest earnings report on Friday.

Scripps beat analyst expectations in the third quarter after missing in the previous two quarters.

Looking ahead, the company projects a strong increase in television revenue in 2012 due to increased political advertising and the recent acquisition of nine TV stations from McGraw-Hill Broadcasting Co.

ce last summer.

 

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Higher profits expected from Scripps Networks

Analysts are expecting Knoxville-based lifestyle media company Scripps Networks Interactive to report increased fourth quarter profits on Thursday.

scripps2_asb_13138.jpgThe average estimate is net income of 81 cents per share, the Wall Street Cheat Sheet reported earlier this week. That would be an increase from 68 cents a year ago.

Anaylsts also look for a drop in year-over-year revenue for the second straight quarter, according to Forbes.

 

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