Four Buy List Earnings Reports this Morning

This was a busy morning for Buy List earnings reports. We had four before the opening bell. Let me go through each one.

Let’s start with Alliance Data Systems (ADS). The company reported “core” EPS of $3.91 per share which beat estimates by five cents per share. Quarterly revenue rose 12.1% to 1.88 billion. That topped estimates by $70 million.

This was a good quarter for ADS. They’re standing by their full-year EPS guidance of $18.50. The CEO said he expects significant acceleration in the back half of the year.

Moving on to Danaher (DHR). The company reported Q1 earnings of 85 cents per share. That beat estimates by a penny. Previously, the company said they expected Q1 earnings to range between 82 and 85 cents per share.

Danaher said they expect Q2 earnings between 95 and 98 cents per share. Wall Street had been expecting 99 cents. The company also reiterated their full-year guidance of $3.85 to $3.95 per share.

Sherwin-Williams (SHW) had a very strong quarter. The company earned $2.53 per share, but that included 34 cents from lower income, and an eight-cent charge for acquisition costs. That works out to $2.27 per share. The company had told us to expect a range between $2.03 and $2.12 per share, while Wall Street had been expecting $2.05 per share.

For Q2, Sherwin expects earnings to range between $4.40 and $4.60 per share (not including 25 cents per share in acquisition costs). Wall Street had been expecting $4.43 per share. For the whole year, the company now expects $14.05 to $14.25 per share (40 cents for acquisition costs). Wall Street had been expecting $13.71 per share. Sherwin’s previous range was $13.60 to $13.80 per share.

Last is Snap-on (SNA), which had a visit from President Trump earlier this week. The company earned $2.39 per share for Q1. That’s three cents better than estimates. Snap-on had quarterly revenues of $887.1 million which beat estimates of $876.9 million.

Posted by on April 20th, 2017 at 9:24 am

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