Highlighted stocks include Yum Brands, Inc. (YUM), DeVry Inc. (DV), Altera Corp. (ALTR), and Qualcomm Incorporated (QCOM).
Yum Brands, Inc. (YUM) is set to report second-quarter earnings on July 14. The company is on a hot streak, surprising on estimates the last 4 quarters by an average of 9.19%.
Chinese growth has been the big story at the company as first-quarter sales grew 12% in China with profit climbing 21% prior to foreign currency translation. The company is still on track to open at least 475 new units for the year in mainland China.
The company warned in its first-quarter earnings release in early May that the second quarter would be its most difficult quarter.
However second-quarter consensus estimates have been holding at 43 cents over the last 2 months.
Covering analysts are more bullish on the full year.
2009 consensus estimates have moved 2 cents higher to $2.12 per share in the last 2 months which is 2 cents higher than the company’s own May guidance of $2.10. 3 out of 19 analysts raised in the last 30 days and 1 hiked estimates in just the last week.
Yum is scheduled to report second-quarter results on July 14.
Yum Brands is a Zacks #2 Rank (buy) stock. It is trading with a forward P/E of 16.6. Its current yield is a healthy 2.30%.
Update to Previous Growth & Income Zacks Rank Buy Stocks
DeVry Inc. (DV) continues to see higher earnings estimates ahead of reporting in early August. The company recently declared a semi-annual dividend of 8 cents per share, which translates into an industry-leading yield of 0.35%. Read the full article.
Altera Corp. (ALTR) is seeing upbeat earnings forecasts ahead of reporting in mid-July. The company also boasts a solid record of beating estimates, dating back to 2004. Read the full article.
Qualcomm Incorporated (QCOM) recently boosted its earnings guidance and analysts followed suit. Analysts are projecting earnings of $1.46 per share for the year ending September 2009, which is 12 cents above last month’s forecast. Read the full article.
