Critical Earnings Forecast Alerts: Bank of America, Kroger, ISIS, Cliffs Natural Resources, A123 Systems, and Juniper Networks
VANCOUVER, British Columbia, Oct. 17, 2012 /PRNewswire/ — EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Bank of America (NYSE:BAC), Kroger (NYSE:KR), ISIS (NASDAQ:ISIS), Cliffs Natural Resources (NYSE:CLF), A123 Systems (NASDAQ:AONE), and Juniper Networks (NYSE:JNPR).
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Bank of America Corporation (NYSE:BAC): Bank of America Corporation (NYSE:BAC) Merrill Lynch announced on Tuesday that it has completed the transition of all existing information reporting clients from various older systems to its new CashPro Information Reporting system with industry-leading capabilities, which enable these clients to utilize the benefits of the dynamic reporting functionality that Bank of America Merrill introduced to new clients last year. Moreover, Jeff Wood has recently been appointed as company Market President in Greater Washington, D.C. region to succeed Bill Couper, who retired at the end of September. At the close of the trading day, shares of Bank of America ended higher by US$0.02 (or 0.21%) to US$9.46 with more than 172.17 million shares exchanged hands for the session, compared to its average volume of 155.83 million shares. In the past 52 weeks, Bank of America share prices have been bracketed by a low of US$4.92 and a high of US$10.10, and are now at US$9.46 (92% above that low price). Can BAC continue to move higher? Want to monitor Bank of America on an on-going basis? Investors could check Bank of America earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/101712A/BAC/BankofAmerica.pdf
The Kroger Co. (NYSE:KR): At The Kroger Co.’s (NYSE:KR) investor conference held on October 16 in New York, the company announced that it plans to invest in a targeted expansion strategy for increasing square footage and store penetration in existing markets as well as enter new markets. Kroger also raised its long term, fully-diluted earnings per share growth target from 6 – 8% to 8 – 11%, plus a current dividend of 2.5%. What’s more, the U.S. retailer expects to increase capital spending by an incremental US$200 million annually and increase return on invested capital in order to support its growth strategy. Moreover, the Board of Directors of Kroger approved a US$500 million share repurchase program, replacing the existing authorization that had approximately US$340 million remaining. Following the news, shares of Kroger soared 4.27% to settle at US$24.43 and made a new 52-week high of US$24.84. KR traded 14.03 million shares in the last trading session, well above its daily average of 6.52 million shares. Do you think now is a good time to buy or sell KR? See Kroger earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/101712A/KR/Kroger.pdf
ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS): Abnormal trading volume of ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) was found on October 16 reaching 17.50 million shares, 12 times heavier than usual day trading. This is after U.S. regulators raised concerns about abnormal growths, linked to the company’s drug Kynamro for a rare genetic disease. On October 11, ISIS announced that it purchased US$3 million of Regulus Therapeutics Inc. common stock at the offering price of US$4.00 per share and remains a significant shareholder with approximately 7 million shares, or 18% of Regulus common stock on a fully diluted basis. ISIS co-founded Regulus Shares of ISIS gapped open sharply lower in the last trading session and ended at US$10.27 by falling US$2.88 (or -21.90%). ISIS is engaged in antisense technology, exploiting a drug discovery platform to create a pipeline of drugs. The company’s 52-week range remained US$6.43 to US$15.61 with its market capitalization touching US$1.03 billion. Observe comprehensive analysis of ISIS could help investors avoid big lost in investment. Check ISIS earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/101712A/ISIS/ISIS.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
Cliffs Natural Resources Inc. (NYSE:CLF):
Read Full Report: http://www.earningforecast.com/PR/101712A/CLF/CliffsNaturalResources.pdf
A123 Systems, Inc. (NASDAQ:AONE):
Read Full Report: http://www.earningforecast.com/PR/101712A/AONE/A123Systems.pdf
Juniper Networks, Inc. (NYSE:JNPR):
Read Full Report: http://www.earningforecast.com/PR/101712A/JNPR/JuniperNetworks.pdf
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