Earnings Preview: Baker Hughes, GE, Honeywell, Ingersoll, Manpower

The oilfield service company will report second quarter earnings before the start of trading on Friday, July 19. Analysts are expecting earnings of $0.65 per share on revenue of $5.25 billion. For the fiscal year, earnings are projected to be $3.08 per share, and revenue is likely to come in at $21 billion. Baker Hughes has topped the consensus estimate 3 times in the past four quarters. The company has a market capitalization of $21.605 billion, and its stock has a 52-week high of $50.97, and a 52-week low of $39.44.

General Electric Company (GE)
General Electric Company (GE) is expected to report a decline in profit for the second quarter. The consensus estimate is for earnings of 35 cents per share, down 8% from a year ago when it posted earnings of 38 cents per share. Revenue is projected to fall 3% year-over-year to $35.58 billion for the period. For the full-year, earnings are expected to come in at $1.65 per share, on revenue of $147.34 billion. Interestingly, the first quarter saw a drop in revenue after three straight quarters of rising sales. General Electric is in the midst of a restructuring, and is shedding divisions such as NBC Universal and shrinking its banking business.

Honeywell International Inc. (HON)
The diversified technology company will announce its quarterly results on Friday, and analysts expect higher profit. The consensus estimate is for profit of $1.22 a share, up from $1.14 per share in the year-ago period. Over the last three months, the average earnings estimate has fallen from a profit of $1.26 per share. Revenue will likely be $9 billion, 3% higher than the $9 billion posted in the same period last year. Year-over-year revenue fell in the first quarter, snapping the three-quarter streak of growth. For the fiscal year, analysts have forecast earnings of $4.95 per share, on revenue of $39 billion.

Ingersoll-Rand PLC (IR)
Ingersoll-Rand PLC (IR) will issue its second quarter earnings report before markets open on Friday, July 19. Analysts are projecting earnings of $1.08 per share on revenue of $3.88 billion. In the year-go period, the company posted a profit of $1.15 per share, while revenue stood at $3.82 billion. For the year, analysts have forecast earnings of $3.57 per share, while revenue is expected to come in at $14.40 billion. The company has a market capitalization of $17.563 billion, and its stock has a one year high of $59.58, and a low of $39.21.

Manpowergroup Inc (MAN)
Manpowergroup Inc (MAN) is set to report its Q2 2013 earnings results before the start of trading on Friday, July 19. For the first quarter, the company recorded EPS of $0.31, missing the consensus estimate of $0.46. Revenue was $4.77 billion for the period, compared to the average analysts’ estimate of $4.76 billion. The company has a market capitalization of $4.679 billion, and its stock has a 52-week high of $60.91, and a 52-week low of $30.53. A number of analysts have commented on the stock in past few weeks. BMO Capital Markets raised their price target from $60.00 to $70.00 in a research note to investors on July 10. RBC Capital initiated coverage on the stock with a “sector perform” rating and a $60.00 price target, in a research note on July 2.