RECENT Industrials RESEARCH
In this series, we’ll analyze Deere’s (DE) analyst expectations for fiscal 3Q17 earnings and revenue, as well as its recommendations and latest valuations.
Expeditors International of Washington (EXPD) announced its 2Q17 earnings on August 8. The logistics company’s adjusted earnings per share fell 5% to $0.63 in 2Q17 compared with $0.63 in 2Q16.
On August 4, 2017, Burlington Northern Santa Fe (or BNSF) filed a Form 10-Q with the SEC for the quarter ended June 30, 2017.
XPO Logistics (XPO), an emerging trucking giant, announced its 2Q17 earnings on August 2, 2017. It marginally missed analysts’ estimate by 0.60%.
Trucking major YRC Worldwide (YRCW) announced its 2Q17 results on August 3, 2017. Its adjusted EPS was $0.57, which missed the estimate marginally by 1.2%.
The Dow Jones Industrial Average Index has a YTD return of 10.5%. It offers a dividend yield of 2.4% at a PE (price-to-earnings) ratio of 20.4x.
On August 8, China released its trade data for July. The country’s exports in dollar terms rose 7.2% compared to July 2016 while imports rose 11%.
The Association of American Railroads (or AAR) publishes North American rail freight (UNP) data every week.
It’s been a mixed earnings season for steel investors. Nucor and Steel Dynamics missed consensus earnings estimates. AK Steel and U.S. Steel posted better-than-expected earnings.
On August 1, 2017, Genesee & Wyoming (GWR) reported its 2Q17 results. It surpassed analysts adjusted EPS estimate of $0.72 by 10.2%.
In week 30, the BDTI fell from 655 to 640—the index fell after a rise in the previous week. Since the beginning of the year, the index has fallen ~41%.
The earnings season for 2Q17 is nearly over. Most US steel companies have reported their quarterly earnings. Earnings season started on a somber note.
United Parcel Service (UPS) announced its 2Q17 earnings on July 27. UPS reported earnings per share of $1.58 in 2Q17, a 7.9% earnings beat over its estimated EPS of $1.45.
Norfolk Southern (NSC) announced its 2Q17 earnings on July 25. On a year-over-year basis, NSC reported earnings of $1.71 per share in 2Q17, up 26% from $1.26 per share in 2Q16.
U.S. Steel (X) released its 2Q17 earnings on July 25, 2017. Its revenues and profits topped analysts’ estimates by a wide margin.
On July 25, 2017, Canadian National Railway (CNI) announced its 2Q17 results. Its adjusted EPS was $1.34 Canadian compared to the estimate of $1.32 Canadian.
On July 26, 2017, Navios Maritime Midstream Partners (NAP) announced its 2Q17 revenue and earnings before the markets opened.
In this series, we’ll analyze SAVE’s performance for 2Q17. We’ll also discuss what factors are expected to drive SAVE’s growth for the rest of 2017.
In this series, we’ll analyze how the top ten dividend-yielding REITs have performed in comparison to the S&P 500.
In week 29, the BDTI rose to 655 from 644—a rise after falling the previous four weeks. At the beginning of the year, the index was trading high at 1,088.