Today really marks the kick off of the avalanche of earnings, so i’ll be increasing the frequency of earnings posts in the next couple weeks. This morning a few earnings reports that interest me come from Peabody Energy (BTU), Genzyme (GENZ) and Freeport-McMoRan Copper & Gold (FCX). In the last round of earnings reports posts I noted the overall SelfInvestors.com score which included the technical rank of the stock’s base. This time around I’m only going to include the fundamental rank, since the stock may or may not be in the process of basing or just recently breaking out from the base. Fundamental rank will appear in brackets (generally any score of 25 or above is very good).<\/p>\n
Starting off with Genzyme (GENZ)<\/strong> [25\/50], the company is reporting revenues that are up 24% over the year ago quarter driven by increases in all product areas. The company matched the whisper number and beat estimates by posting earnings of .61\/share, good for a 38% increase over the year ago period. Gross margins increases and the company is continuing to expand its manufacturing capacity internationally. The stock is currently in the process of carving out a base.<\/p>\n Peabody Energy (BTU)<\/strong> [24\/28], matched analyst estimates of .84\/share which amounts to a whopping 161% increase over the year ago quarter on revenue growth of 33%. The company raised guidance for ’05 but said the numbers would be sensitive to transportation issues which have plagued the coal industry this year. The stock is down just a bit this morning but remains technically very strong and bounced off the 50 day moving average with good volume on Friday.<\/p>\n Freeport Copper & Gold (FCX)<\/strong> [24\/28] Blow Out Earnings<\/strong>!, reported a very strong quarter riding the wave of higher gold and copper prices. Excluding non recurring costs, the company reported earnings that beat estimates by .16 share. Growth surged 760% over the year ago on revenue growth of 64%. The stock is currently up about 1% and continues its bounce from the 50 day moving average a few days ago.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" Today really marks the kick off of the avalanche of earnings, so i’ll be increasing the frequency of earnings posts in the next couple weeks. This morning a few earnings reports that interest me come from Peabody Energy (BTU), Genzyme (GENZ) and Freeport-McMoRan Copper & Gold (FCX). In the last round of earnings reports posts … Continue reading Notable Earnings: Peabody Energy (BTU), Genzyme (GENZ), Freeport Copper & Gold (FCX)<\/span>