KBR, Inc. Falls Short of Analyst Expectations; KBR, URS, ACM
Thursday, 29 April 2010 05:45
Analysts were expecting KBR, Inc. (KBR) earnings to come in at $0.39 per share for last quarter, but KBR missed expectations with actual earnings of $0.29—10 cents below the consensus estimate.
Today’s announcement shows that KBR has suffered some year-over-year setbacks. The company reported gains of $46.54 million last quarter compared with net gains of $77.03 million during the same quarter a year ago.?
We’ll have to see if this negative announcement hurts KBR’s stock price in the near term. KBR has gained 0.06 percent during the past month and is currently above its 200-day moving average.
KBR is a part of the Technical Services industry—along with stocks like URS Corporation (URS) and AECOM Technology Corporation (ACM). During the next five years, analysts expect the earnings-per-share (EPS) growth rate in the industry to be 12.53 percent. If you compare KBR’s projected EPS growth rate of 11.5 percent to that of the industry, you can see that analysts expect KBR to underperform the industry in the future by 1.03 percent. (click HERE to read the rest of the article)
“Although KBR’s earnings per share this quarter was disappointing and adversely impacted by timing to successfully conclude change orders on the close-out of two LNG projects, the absence of award fees, and the continued reduction in services on the LogCAP III project; the Hydrocarbons group, International Government and Defense, Power and Industrial, Services, and Ventures all reported increased job income compared to the first quarter of last year,” said Bill Utt, Chairman, President, and Chief Executive Officer of KBR. “Our expectations are that our performance in the remaining quarters in 2010 will improve and we remain comfortable with our previous outlook for 2010.” (click HERE for original article)
Although KBR has consistently trended up (just over 36%) since the 1st of February they closed down 3+ % today. Let’s hope after this announcement this is the beginning of a new down trend.
Ms Sparky
By CAROLYN THOMPSON (AP) BUFFALO, N.Y. — Federal authorities charged six people and three companies Friday with importing substandard magnesium power from China into the United States, where officials say it got into the Defense Department’s arsenal but was discovered before being used in combat or exercises.
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