Earnings Preview: Alliant Techsystems - Analyst Blog
Alliant Techsystems
Inc. (ATK) is slated to release its third quarter fiscal
2013 financial results before the market bell on Feb 5, 2013. In
the last reported quarter, the aerospace and defense company posted
a positive surprise of 25.68%. Let’s see how things are shaping up
at Alliant prior to this announcement.
Factors to Consider This
Quarter
Alliant’s lofty order bookings
especially from international customers and a decline in the
effective tax rate will act as catalysts for the company. The
company’s ammunition price increase is also expected to boost
revenues.
However, declining domestic orders
from defense cutbacks are likely to hit Alliant hard, going
forward.
Earnings
Whispers
Our proven model does not
conclusively show that Alliant Techsystems is likely to beat
earnings this quarter. That is because a stock needs to have both a
positive earnings Expected Surprise Prediction (ESP) (Read: Zacks
Earnings ESP: A Better Method) and a Zacks Rank of #1, 2 or 3 for
this to happen. This is not the case here.
Negative Zacks
ESP: This is because the Most Accurate estimate stands at
$1.62 per share while the Zacks Consensus Estimate is higher at
$1.70, resulting in -4.71% ESP.
Zacks Rank #1 (Strong
Buy): Alliant’s Zacks Rank #1 when combined with negative
ESP makes surprise prediction difficult. We caution investors
against the stock going into the earnings announcement, as a
negative Zacks ESP lowers the possibility of an earnings
surprise.
Other Stocks to
Consider
Other companies you may want to
consider on the basis of our model which shows that they have the
right combination of elements to post an earnings beat this quarter
are as follows:
Esterline Technologies
Corporation (ESL) has earnings ESP of +18.03% and carries
a Zacks Rank #2 (Buy).
Exelis, Inc. (XLS)
has earnings ESP of +2.22% and carries a Zacks Rank #2 (Buy).
Hexcel Corporation
(HXL) has earnings ESP of +2.38% and carries a Zacks Rank #2
(Buy).
ALLIANT TECHSYS (ATK): Free Stock Analysis Report
ESTERLINE TECHN (ESL): Free Stock Analysis Report
HEXCEL CORP (HXL): Free Stock Analysis Report
EXELIS INC (XLS): Free Stock Analysis Report
To read this article on Zacks.com click here.
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