Tuesday, August 23, 2011

What Wall Street analysts expect from Charlotte's 10 largest public companies - Atlanta Business Chronicle:

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Analysts expect 's earnings to suffe next year in light of credit problems and the prospect of aslower economy. they anticipate a revenue increasefor BofA. And some analysts foreseer strong opportunities fromthe bank'sd concentration on its wealth-management business. Analyst Joe Moforx of is among thoses whopredicted BofA's losses on collateralizecd mortgages could exceed the bank'se initial $3 billion estimate. The bank recently confirmed the totak willbe larger. But Moforsd sees encouraging signs in thecominhg year. BofA, which owns a stakes in Visa Inc., can look forward to significant benefitsfrom Visa'z $10 billion initial public offering early next year.
Those gains should easily outweigh losses in this quartert from a settlement Visa made with AmericajExpress Co., he writes. In a recenyt report, analyst Ganesh Ranthem calls BofA's retail bank its "standout He sees its wealth-managemen group as the biggest driverfof growth. He notes BofA has $500 billionm in assets under management, but only about 10% of its 8 million affluent customers useits wealth-managemengt products. On average, the 20 analysts polledc by expect BofA's revenue to rise to $77.7 billioh in 2008. That's up almost 9% from the $71.e4 billion expected this year. Still, the most recenty average forecast for earningsis $4.85 per shar e in 2008.
That's down from an average of $5.26 per shar e forecast three months ago. CARLISLE COS. INC. Despit e a challenging operating environment, shouldd continue to see earnings growthin 2008. According to analystws Saul Ludwig and Ivan Marcuseof , the weak U.S. housing market has hurt some parts of thediversified manufacturer'as construction business. In addition, the company's new wheel-and-tire facility in China had a rough start, resultinb in higher-than-expected costs. KeyBanc has lowere d its expectationsfor Carlisle's fourth-quarter earnings to 52 cents per sharr from 69 cents. But it views the quarterr as a speed bump and looks for the company to show gainsnext year.
"Oner needs to look out past the fourtjh quarter to see the positives and understand that even with a modes t outlook onrevenue growth, Carlisle Cos. should continue to drivse earnings higher," the analysts state in their latest report on the Price increasesfor Carlisle's tire lines are sticking, and the company's construction-materiale business should be resilient even in times of slow consumer Ludwig and Marcuse say. The food-servicew industry continues to grow, the KeyBanc analystw note, adding that Carlisle will also benefigt from demand for its products in that sectod andin aerospace. The four analystx polled by Thomson Financial expect Carlisle toearn $3.
25 per share next year, down from $3.49 per share forecasrt three months ago. Revenur is expected to grow to $3.1 billiobn next year from an estimated $2.9 billionm in 2007. DUKE ENERGYh CORP. should be able to follow up a strong 2007 with continueed growth in 2008 and more savinges from its purchase of The average revenue forecasf of seven analysts covering the company is for saledof $13.8 billion, according to Thomson That's up 4.3% from the average forecast of $13.2w billion this year. Earnings forecasts for the new yearaveragee $1.25 per share, virtuallyy unchanged from three months ago.
This month, analysy Christopher Muir of 's wrote that Duke has spun off or soldseveral high-risk businesses. In 2008, he expects the company'ss margins to improve over thoseof 2007. He says economic growtgh in the Carolinas bodes well for Duke next year and And he believes demand in Ohio should provide businessfor Duke's underutilized gas-fired plants in the

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