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Zacks Earnings Preview: Deere, Tyson and BJ Services. – Press Releases

Source: http://www.zacks.com/stock/news/27524/Zacks+Earnings+Preview%3A+Deere%2C+Tyson+and+BJ+Services.++-+Press+Releases
Posted on Monday, November 23rd, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Dirk Van Dijk (http://www.zacks.com/) -

For Immediate Release

Chicago, IL – November 23, 2009 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Deere (DE), Tyson (TSN) and BJ Services (BJS). To see more earnings analysis, visit http://at.zacks.com/?id=3207.

Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=5612.

Give Thanks for a Great 3Q

Historically the best indicators of firms which are likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. Some of the companies that have these characteristics include:

Deere (DE) is expected to post EPS of just $0.05, down from $0.81 last year. That low expectation sets it up for a positive surprise. Last time out they beat by 73.7%. However there has been no change in the estimate over the last month, and the stock has a neutral Zacks Rank of 3

Tyson (TSN), the poultry producer, might just make its investors thankful. It is expected to earn $0.26, up from $0.14 last year. Last time out it beat by 83.3%. However, analysts have slightly shaved the mean estimate by 0.6% over the last month.

In keeping with the overall very positive tone of this earnings season, the potential negative firms are less clear cut. However:

BJ Services (BJS) is expected to post EPS of just $0.03, down from $0.57 last year. It badly missed estimates last time, reporting a loss instead of income and analysts have cut the estimates for this year’s quarter by 11.1% over the last month.

Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.

About the Zacks Rank

Since 1988, the Zacks Rank has proven that “Earnings estimate revisions are the most powerful force impacting stock prices.” Since inception in 1988, #1 Rank Stocks have generated an average annual return of +26%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 111% annually (-0.8% versus +8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros by going to http://at.zacks.com/?id=5615.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com

 

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About Dirk Van Dijk (http://www.zacks.com/)
Dirk Van Dijk is a Senior Analyst at Zacks Investment Research. He writes the Earnings Trends article on Zacks.com which provides investors with an in-depth analysis of the markets, along with the profit performance of S&P 500 companies. Each week, this report identifies which S&P 500 sectors are showing strength and which are showing weakness. In addition, this valuable report highlights the most attractive sectors based on valuation and projected earnings growth. For more information, visit www.zacks.com or for the RSS Feed of this article: http://www.zacks.com/external/rss.php?f=34

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