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Earnings Preview: Boeing, Caterpillar, 3M, GE, and More
Honeywell kicked off industrials earnings season, beating estimates. With Boeing, Caterpillar, 3M, GE, and more reporting soon, here’s what to expect.
3M: Analysts’ Views before Its Q1 Earnings
Among the analysts tracking 3M, 32% recommended a “buy,” 47% recommended a “hold,” and 21% recommended a “sell.”
Boeing Is an Attractive Choice for Dividend Investors
Boeing (BA) has always tried to enhance shareholders’ wealth through dividend payments and share buybacks.
3M: Analysts’ Views before Its Q4 Earnings
Among the analysts tracking 3M, 39% recommended a “buy,” 39% recommended a “hold,” and 22% recommended a “sell.”
Goldman Sachs: Investors Should Get Defensive in 2019
Goldman Sachs’ (GS) chief equity strategist, David Kostin, expects the S&P 500 (SPY) to reach 3,000 by the end of 2019.
Will Restructuring Initiatives Bring GE Back to Growth Trajectory?
General Electric’s (GE) Power, Transportation, and Lighting divisions have been struggling for years.
Illinois Tool Works: Analysts’ Recommendations
Among the 21 analysts tracking Illinois Tool Works stock, 19% recommended a “buy,” 67% recommended a “hold,” and 5% recommended a “sell.”
Goldman Sachs’ Take on Uncertain Stock Market: Get Defensive
Last month, Goldman Sachs predicted the S&P 500 (SPY) will reach 3,000 by the end of 2019.
GE to Separate Digital Assets, Build an Independent Company
On December 13, General Electric (GE) announced that it will spin off its digital assets and build an independent company.
Will GE’s Healthcare Unit Spin-Off Increase Shareholder Wealth?
General Electric’s (GE) Healthcare segment is one of the company’s better-performing units.
GE’s Lighting and Transportation Businesses Struggle
Apart from the power business, General Electric’s (GE) Transportation and Legacy segment’s lighting division has also struggled for years.
BNSF Railway Reported Strong Carload Traffic Growth
BNSF Railway (BRK.B) reported a 3.1% YoY increase in its rail traffic volume in week 47 due to strong carload traffic growth.
3M: Analysts Revised the Target Price
For 3M stock, 37% of the analysts recommended a “buy,” 42% recommended a “hold,” and 21% recommended a “sell.”
GE’s Healthcare Unit Spin-Off to Maximize Shareholders’ Wealth
General Electric’s Healthcare segment is one of the company’s better-performing units and is the fourth-largest contributor to its total revenue.
GE to Sell LED Business as Part of Restructuring Plan
Yesterday, General Electric announced it agreed to sell its Current lighting division to private equity firm American Industrial Partners.
Cummins Stock Up on Q3 2018 Earnings Beat
Cummins (CMI) reported its third-quarter earnings today before the markets opened. The engine manufacturer (IYJ) beat Thomson Reuters’ adjusted EPS estimate by a wide margin.
Why United Parcel Service’s Operating Margin Declined in Q3 2018
UPS’s operating profit declined 4.7% to $1.7 billion in the third quarter from $1.8 billion in the third quarter of 2017.
Norfolk Southern Impresses in the Third Quarter, Stock Up 2.5%
Norfolk Southern (NSC) announced its Q3 earnings this morning. NSC’s adjusted EPS of $2.52 beat the analysts’ estimate of $2.44 by 3.1%.
Why CAT’s Energy and Transportation Segment’s Margin Expanded
Caterpillar’s (CAT) Energy and Transportation segment accounted for 41.1% of total revenues in the third quarter.
This Railroad’s Capital-to-Revenue Ratio Was Highest in H1 2018
Railroads’ capital expenditure is based on their revenue.
3M Stock: Do Analysts See Any Upside?
Among the 17 analysts tracking 3M, 30% recommended a “buy,” 47% recommended a “hold,” and 23% recommended a “sell.”
Inside the New Offering by ServiceMax from GE Digital
On September 20, General Electric announced the release of the new Predix ServiceMax Field Service Management solution.
GE Launched the First 6B Repowering Gas Turbine Solution
General Electric’s (GE) Power Services business launched the world’s first 6B Repowering Solution on September 12.
Analyzing Caterpillar’s Short Interest
The latest short interest report on August 31 indicates that Caterpillar’s short interest declined compared to its previous report two weeks ago.
Did FedEx Deliver on Operating Margins in the First Quarter?
FedEx’s adjusted operating margin contracted by ten basis points to 7% in Q1 2019 from 7.1% in the first quarter of 2018.
Will General Electric Achieve Free Cash Flow Target in 2018?
In the first half of 2018, General Electric (GE) paid $2.1 billion cash in the form of quarterly cash dividends.
Analyst Recommendations for EXPD after Second-Quarter Earnings
Of the 14 analysts covering EXPD stock, ten of them have recommended a “hold,” and one has recommended a “buy.”
Expeditors International Beat Q2 Estimates, Stock Zigzags
Expeditors International of Washington (EXPD) beat analysts’ adjusted EPS estimate of $0.78 by $0.01 for the second quarter.
Caterpillar: Energy and Transportation Segment’s Margin Rose
Caterpillar’s (CAT) Energy and Transportation segment contributed a revenue share of 40.8% in the second quarter.
Kansas City Southern: Week 29’s Lowest Gainer in Volume Growth
Kansas City Southern (KSU), the smallest US Class I railroad company, reported the lowest weekly gains in total rail traffic in Week 29.
Intermodal US Rail Traffic Was on an Elevated Track in Week 29
On July 25, the AAR (Association of American Railroads) published the rail freight data for Week 29, which ended on July 21.
Are US Railroads Poised for Higher Dividend Growth in 2018?
The second quarter was good for railroad stocks from an earnings point of view. Most railroads surpassed adjusted earnings estimates.
Boeing Exceeds Analysts’ Q2 2018 Earnings Estimates, Stock Soars
Boeing, the world’s largest aerospace company, announced its second-quarter earnings results before the market opened on July 25.
Why 3M’s Safety and Graphics Segment’s Margin Contracted in Q2
3M’s (MMM) Safety and Graphics segment accounted for 21.6% of 3M’s overall revenue in Q2 2018 compared to 20.1% in Q2 2017, an increase of 1.5 percentage points on a year-over-year basis.
Ingersoll Rand Up 4% on Solid Q2 Results, Raises Guidance
Ingersoll Rand (IR) announced its Q2 earnings on July 25. IR surpassed analysts’ adjusted EPS estimate of $1.73 by 7.2%.
Genesee & Wyoming’s June Australian Traffic Is on a Steady Rise
Genesee & Wyoming’s (GWR) Australian region’s rail traffic volumes rose 5.4% YoY (year-over-year) in June.
Lincoln Electric Didn’t Impress, Met Q2 2018 Earnings Estimate
On July 23, Lincoln Electric Holdings reported an adjusted EPS of $1.22 in the second quarter, which met analysts’ adjusted EPS estimate.
Huge Slump in General Electric’s Q2 Earnings Drags Stock by 4.4%
General Electric (GE) announced its second-quarter results today before the market opened. The company’s net earning fell 32.7%.
C.H. Robinson’s Sourcing Business, Robinson Fresh
Since C.H. Robinson Worldwide’s (CHRW) inception in 1905, the company has been in the business of sourcing fresh produce.
US Rail Traffic Saw Low Single-Digit Growth in Week 25
In Week 25, US rail carriers’ total rail traffic, including intermodal, expanded 3.7% YoY, hauling 557,300 railcars compared to 537,300.
Comparing Boeing’s Dividend Payout Ratio with Its Peers
From $1.6 billion in the first quarter of 2017, Boeing’s (BA) cash flow has increased 68% to $2.7 billion in the first quarter of 2018.
3M’s Short Interest Continues to Be Stable: What Does That Mean?
The latest data as of May 31 show that 3M’s (MMM) short interest is range-bound in 2018.
Analysts Continue to Cut 3M’s Target Price
Among the 14 analysts tracking 3M (MMM) stock, 29% have “buy” recommendations, and 50% are recommending a “hold.”
BNSF Railway: Carloads Moved Traffic in Week 24
BNSF Railway’s intermodal volumes showed a minor 0.6% YoY rise, whereas UNP reported 7.1% YoY gains in Week 24.
Carload Gains Drive BNSF Railway’s Traffic in Week 23
In Week 23, Western US major rail carrier BNSF Railway’s (BRK.B) carload traffic, excluding intermodal, rose 10.2% YoY (year-over-year) to ~103,600 railcars from ~94,000.
What Honeywell’s Short Interest Trend Suggests
In this part, we’ll look at Honeywell’s short interest trends.
Did the Strike Take a Toll on CPR’s Traffic in Week 22?
In Week 22, Calgary-headquartered Canadian Pacific Railway (CP) recorded a 3% YoY (year-over-year) fall in carload traffic.
April Jobs Report: More Jobs Than Job Seekers
April’s JOLTS data indicate that there were only 0.9 job seekers for every job available.
Comparing Canadian Pacific Railway’s Valuation to Its Peers’
Railroad companies’ (IYJ) stocks are cyclical in nature. They move alongside the swings in the US and global economies.
Are New Tax Rules Helping Capex Spending by Industries?
As per the latest Conference Board LEI report, the core capital goods orders for April were valued at $39.1 billion as compared to the downward revised March reading of $39.0 billion.
Boeing Declared Quarterly Cash Dividend of $1.71
Boeing (BA), the world’s largest aerospace company, declared a quarterly cash dividend of $1.71 per share on its outstanding common stock.
KLX Acquisition: Boeing’s Shot in the Arm for Global Services
On May 1, Boeing (BA) announced an agreement to acquire aerospace parts distributor KLX (KLXI) for $3.2 billion in cash.
Analysing Canadian National Railway’s Railcar Volumes in Week 16
Canada’s largest railroad, Canadian National Railway (CNI), recorded carload traffic growth in Week 16.
BNSF Railway’s Traffic Trends in Week 16
In the week ended April 21, or Week 16, Berkshire Hathaway–owned BNSF Railway’s (BRK.B) carload volumes rose 10.6% YoY (year-over-year) to ~99,500 railcars from ~90,000.
Boeing Set to Fly High in 2018: Raised Earnings and Guidance
The world’s largest aerospace company, Boeing, announced its 1Q18 earnings today.
Lower Weekly Jobless Claims: A Positive Outlook for US Economy
The average weekly unemployment claims carry a weight of 3.0% on the LEI.
Genesee & Wyoming’s Carloads Compared to Its Peers in 1Q18
Genesee & Wyoming (GWR) has grown inorganically through acquisitions of small railroads in the last few years.
Could Boeing Exceed Analysts’ Revenue Estimates in 1Q18?
Analysts now expect Boeing’s revenue to be $22.1 billion, after revising their estimate upward by $300.0 million.
Why Honeywell’s Home and Building Technologies Margins Improved
Honeywell International (HON) has made organizational changes to its HBT (Home and Building Technologies) for better alignment.
3M’s Stock Performance since Its 4Q17 Earnings
In a press release, 3M (MMM) said that it plans to announce its 1Q18 earnings on April 24, 2018, before the market opens.
Clouds Start Gathering around General Electric’s Dividend
Recently, General Electric said that it planned to restate its 2016 and 2017 revenues and earnings.
Carload Volumes Drove Growth of US Rail Freight Traffic in Week 14
In the week ended April 7, US railroads’ total rail traffic grew 3.8% to 525,000 railcars from ~505,500 units year-over-year.
Why US Manufacturing Activity Fell in March
The manufacturing sector continues to expand despite the minor drop recorded in March.
Canadian Pacific: Intermodal Leads Volume Growth in Week 13
Canadian Pacific Railway’s (CP) carload traffic fell 2.1% YoY (year-over-year) in Week 13 of 2018, to ~33,800 carloads from ~34,500.
BNSF Railway’s Railcar Volume Trends in Week 13
In the week ended March 31, 2018, BNSF Railway’s (BRK.B) carload volumes rose 7.3%.
ADP: Another Strong Jobs Report in the Cards This Month
According to the ADP March National Employment Report, the US private sector added 241,000 jobs in March 2018.
The Major Headwinds Facing General Electric
On March 25, 2018, the Wall Street Journal released an article about General Electric’s (GE) Capital segment.
Will New Tax Code Fuel US Railroads in the Coming Quarters?
The corporate tax cuts from 35% to 21% could result in huge savings for US companies including railroads (IYJ).
How FedEx Stock Has Fared, Pre-3Q18 Earnings Release
In this series, we’ll look analysts’ revenue and earnings estimates for FedEx ahead of its fiscal 3Q18 earnings announcement.
How GWR’s North American Carloads Trended in February
In February 2018, Genesee & Wyoming’s (GWR) North American carloads expanded 0.3% YoY (year-over-year) on a reported basis.
A Summary of Kansas City Southern’s Freight Volumes in Week 9
In the ninth week of 2018, US-Mexico commerce-on-rail Kansas City Southern registered a 4% fall in its carload traffic.
3M: An Update on Analysts’ View
Among the analysts, 38% recommended 3M stock as a “buy,” 37% recommended the stock as a “hold,” and 25% recommended the stock as a “sell.”
What Pulled Down Kansas City Southern’s Carloads Growth in Week 7?
In Week 7 of 2018, KSU hauled 23,800 railcars, which was ~5% lower than the 25,000-plus railcars moved in Week 7 of 2017.
Genesee & Wyoming’s North American Carloads Fell in January
In January 2018, Genesee & Wyoming’s (GWR) North American freight traffic contracted 1.7% YoY (year-over-year) on a reported basis.
Must-Know Recent Developments from Boeing
In January 2018, Boeing took a 17-aircraft lead over its archrival Airbus. Boeing delivered 44 commercial aircraft compared Airbus’s 27 aircraft.
Why Boeing Stock Flew High after Mass Sell-Off
In the last one year, Boeing stock has returned a whopping 105.4%, and the company seems to be extremely positive about its 2018 outlook.
How General Electric’s Dividend Yield Compares to Peers
In the last few months, General Electric’s forward dividend yield has fallen.
Boeing Sets Sights on Woodward Acquisition
On February 8, 2018, the Wall Street Journal reported that Boeing (BA) intends to acquire aerospace parts maker Woodward (WWD).
How 3M’s Health Care Segment Performed in 4Q17
3M’s (MMM) Health Care segment recorded a revenue share of 18.4% in 4Q17 compared to 19.0% in 4Q16.
How Boeing’s Defense, Space & Security Division Performed in 4Q17
In the Defense, Space & Security segment, Boeing (BA) expects revenues of $21.5 billion–$22.5 billion in 2018.
Conference Board CEO Confidence Survey Signals Price Rise in 2018
The Conference Board CEO Confidence Index was reported to have increased from 59 in the third quarter to 63 in the fourth quarter, which means 63% of the respondents have a positive outlook.
Did General Electric Meet Analyst Revenue Estimates in 4Q17?
General Electric (GE) failed to meet analyst revenue estimates in 4Q17.
How Canadian Pacific’s Railcar Traffic Trended in Week 3
In line with its carload traffic growth, Canadian Pacific Railway reported 11.5% growth in intermodal volumes.
US Rail Freight Traffic Ran off the Track in Week 3 of 2018
For the first three weeks of 2018, US rail carriers recorded cumulative carload traffic of ~691,300 carloads, down 5.7% from the same week in 2017.
Will Boeing Deliver on Operating Margin Estimates in 4Q17?
Analysts surveyed by Thomson Reuters expect Boeing (BA) to report an operating profit of $2.7 billion in 4Q17.
Why CNI Saw Huge Decline in 4Q17 Operating Margin
Canadian National Railway (CNI) and rival Canadian Pacific Railway (CP) have higher operating margins than their US peers.
What Analysts Think of Canadian Pacific after Its 4Q17 Results
Canadian Pacific Railway (CP) is the second-largest railroad company in Canada. All eyes have been on the company over the last few months.
US Tax Code Gains Boost Canadian Pacific’s 4Q17 Earnings
On January 18, 2018, Canadian Pacific Railway announced its 4Q17 results. The company beat estimates for the quarter, posting adjusted earnings per share of 3.22 Canadian dollars.
What Analysts Think about Honeywell ahead of 4Q17 Earnings
Of the 19 analysts currently covering HON, 74% of the analysts have recommended a “buy” on the stock.
Comparing Kansas City Southern’s Volumes with the Industry’s
Kansas City Southern’s volumes After opening 2018 with a negative first week, Kansas City Southern (KSU) witnessed a positive week. The company’s carload traffic rose 6.3% to ~25,200 units in the week ended January 13, 2018, from 23,700 units in the second week of 2017. KSU, the smallest Class I railroad in the United States, earns […]
Week 2: Riding on Intermodal, US Rail Freight Traffic Soars
On January 17, 2018, the AAR (Association of American Railroads) released its North American rail freight data for the week ended January 13, 2018, or Week 2 of 2018.
Why Most Analysts Have a ‘Hold’ View of Norfolk Southern
Norfolk Southern (NSC) has a consensus rating of ~2.6, reflecting a “hold.”
Can Norfolk Southern Beat Analysts’ 4Q17 Revenue Estimates?
Analysts polled by Thomson Reuters expect Norfolk Southern (NSC) to report revenues of ~$2.7 billion in 4Q17.
Inside Wall Street’s 4Q17 Revenue Estimates for General Electric
For 4Q17, analysts surveyed by Thomson Reuters expect GE to report revenues of $34.0 billion.
Where Analysts Are Leaning on CSX Today
Before its 4Q17 results, CSX had seven analysts advising a “hold.” Now, after the results, there are eight analysts advising stock owners to “hold.”
Why CSX’s 4Q17 Coal Revenues Fell
In 4Q17, the company realized revenues of $1.6 billion, which was 6% lower than its $1.7 billion in 4Q16.
Canadian Pacific’s Railcar Traffic: Closed Positive in Week 1
In the week ended January 6, 2018, Canadian Pacific Railway (CP) registered a 4% growth in its carload traffic.
Kansas City Southern’s Traffic against Industry Volumes in Week 1
Kansas City Southern (KSU) recorded a 1.8% loss in carload traffic in the week ended January 6, 2018.
Will CSX Beat Wall Street’s Earnings Estimates in 4Q17?
In the previous part of this series, we analyzed CSX’s (CSX) estimated operating margins for 4Q17. Now, we’ll assess analysts’ estimates for CSX’s earnings in the quarter.
Can CSX Meet Wall Street’s Revenue Estimates in 4Q17?
CSX’s (CSX) adaption of the Precision Scheduled Railroading model met with a lot of ire from some customers. They raised service- and network-related concerns with the Surface Transportation Board—the top US rail regulator.