6 companies reporting earnings next week with great balance sheets

6 companies reporting earnings next week with great balance sheets

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​We screened all the companies reporting earnings next week for stocks with great balance sheets. 

So far it's been a very volatile earnings season. The VIX index, which tracks volatility, has gone up more than 20% so far this year. Options prices are decreasing — and good economic news is proving to have an unpredictable effect on stock prices.

Today, for instance, consumer sentiment rose a lot more than expected. It's starting to approach 2007 levels, and beat most estimates. Consumer sentiment is a useful barometer for gauging how typical people are feeling about the economy and how likely they are to spend. 

Earnings season has been so volatile this weekend for complicated reasons.

On one hand, good economic news bolsters stocks. For instance, even incremental changes to things like unemployment, which also came down last week, can have a pretty robust effect on spending. The government saves revenue when people come off the dole, and the recently employed have much greater purchasing power. 

But on the flip side, good economic news also portends the coming of faster tapering of the Fed's bond buying program. This is part of what's kept stock prices so high over the last year. 

Read more about how to choose stocks trading below target prices.

Either way, strong earnings mean a lot this March. When lots of popular stocks seem like they're falling, it makes a company with good news stand out all the more. And with valuations still fairly stretched, companies will want to show strong earnings to support higher prices. 

We built a list of companies that are reporting earnings next week. We wanted to see who might be likely to beat expectations, so we looked at their accounting for signs of positive accounts receivable trends.

Accounts receivable is money that you're owed but don't have yet. An encouraging accounts receivable trend means that your revenue is increasing faster than accounts receivable as a percentage of net assets. This means that there are fewer dollars that you are owed, and more dollars that you have in the bank. 

Among the 90 mid- and large-cap stocks reporting earnings next week, 6 had encouraging accounts receivable trends. Will any of them surprise analysts next week? Use the list below to begin your analysis and let us know what you think in the comments. 

Click on the interactive chart to view data over time. 

Will any of these stocks suprise next week when earnings come out? Use the list below to begin your analysis.  

1. Abbott Laboratories (ABT, Earnings, Analysts, Financials): Engages in the discovery, development, manufacture, and sale of health care products worldwide. Market cap at $61.08B, most recent closing price at $38.98.

Earnings: April 16

Revenue grew by 0.4% during the most recent quarter ($5,654.94M vs. $5,632.23M y/y).

Accounts receivable grew by -47.64% during the same time period ($3,986M vs. $7,613M y/y).

Receivables, as a percentage of current assets, decreased from 24.3% to 20.71% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31). 

 

2. Intel Corporation (INTC, Earnings, Analysts, Financials): Engages in the design, manufacture, and sale of integrated circuits for computing and communications industries worldwide. Market cap at $122.48B, most recent closing price at $24.63.

Earnings: April 15

 

Revenue grew by 2.65% during the most recent quarter ($13,834M vs. $13,477M y/y).

Accounts receivable grew by -6.55% during the same time period ($3,582M vs. $3,833M y/y).

Receivables, as a percentage of current assets, decreased from 12.22% to 11.16% during the most recent quarter (comparing 13 weeks ending 2013-12-28 to 13 weeks ending 2012-12-29). 

 

3. Omnicom Group Inc. (OMC, Earnings, Analysts, Financials): Omnicom Group Inc. and its subsidiaries provide advertising, marketing, and corporate communications services. Market cap at $19.61B, most recent closing price at $75.85.

Earnings: April 15

Revenue grew by 2.88% during the most recent quarter ($4,058.1M vs. $3,944.5M y/y).

Accounts receivable grew by -4.68% during the same time period ($6,632.6M vs. $6,958.2M y/y).

Receivables, as a percentage of current assets, decreased from 59.67% to 56.92% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31). 

 

4. Schlumberger Limited (SLB, Earnings, Analysts, Financials): Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Market cap at $121.83B, most recent closing price at $92.72.

Earnings: April 17

Revenue grew by 7.63% during the most recent quarter ($11,966M vs. $11,118M y/y).

Accounts receivable grew by 1.29% during the same time period ($11,497M vs. $11,351M y/y).

Receivables, as a percentage of current assets, decreased from 46.99% to 43.84% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31). 

 

5. SanDisk Corp. (SNDK, Earnings, Analysts, Financials): Designs, develops, manufactures, and markets NAND-based flash data storage card products that are used in various consumer electronics products. Market cap at $17.08B, most recent closing price at $75.81.

Earnings: April 16

Revenue grew by 12.09% during the most recent quarter ($1,727.86M vs. $1,541.5M y/y).

Accounts receivable grew by -2.62% during the same time period ($790.94M vs. $812.25M y/y).

Receivables, as a percentage of current assets, decreased from 17.63% to 17.01% during the most recent quarter (comparing 3 months ending 2013-12-29 to 3 months ending 2012-12-30). 

 

 

6. United Rentals, Inc. (URI, Earnings, Analysts, Financials): Operates as an equipment rental company in the United States and Canada. Market cap at $8.16B, most recent closing price at $87.43.

Earnings: April 16th

Revenue grew by 7.13% during the most recent quarter ($1,338M vs. $1,249M y/y).

Accounts receivable grew by 1.39% during the same time period ($804M vs. $793M y/y).

Receivables, as a percentage of current assets, decreased from 59.05% to 59.03% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31). 

 

(List compiled by James Dennin. Monthly returns sourced from Zacks Investment Research, all other data sourced from Finviz.)

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One Response to “6 companies reporting earnings next week with great balance sheets”

  1. Nice article, good thought provoking ideas.
    Thank you for the inspiration and guidance!!

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