Premarket Trading Ideas for Jan 29th: MSFT, MPO

Chart of the day: MPO

MPO

Premarket Earnings to watch: CVX, MA, HON, SPG, PSX, PX

Chevron Corporation ( CVX ) is reporting for the quarter ending December 31, 2015. The oil company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.48. This value represents a 74.05% decrease compared to the same quarter last year. CVX missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -73.45%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CVX is 23.33 vs. an industry ratio of 13.00, implying that they will have a higher earnings growth than their competitors in the same industry. 

Mastercard Incorporated ( MA) is reporting for the quarter ending December 31, 2015. The financial transactions company's consensus earnings per share forecast from the 19 analysts that follow the stock is $0.69. This value represents a 4.17% decrease compared to the same quarter last year. In the past year MA has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MA is 25.39 vs. an industry ratio of 16.80, implying that they will have a higher earnings growth than their competitors in the same industry. 

Honeywell International Inc. ( HON) is reporting for the quarter ending December 31, 2015. The diversified operations company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.59. This value represents a 11.19% increase compared to the same quarter last year. In the past year HON has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.29%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for HON is 15.90 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. 

Simon Property Group, Inc. (SPG) is reporting for the quarter ending December 31, 2015. The reit company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.44. This value represents a 1.21% decrease compared to the same quarter last year. In the past year SPG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SPG is 18.72 vs. an industry ratio of 15.60, implying that they will have a higher earnings growth than their competitors in the same industry. 

Phillips 66 (PSX) is reporting for the quarter ending December 31, 2015. The oil refining company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.30. This value represents a 20.25% decrease compared to the same quarter last year. In the past year PSX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 33.04%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PSX is 10.16 vs. an industry ratio of 12.80. 

Praxair, Inc. ( PX) is reporting for the quarter ending December 31, 2015. The chemical company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.47. This value represents a 6.37% decrease compared to the same quarter last year. In the past year PX has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PX is 16.91 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry. 

After Hour Movers: GIMO, AMZN, QSII, QLGC, EA, FTNT,SWKS, MSFT, V

Gigamon, Inc. (NYSE: GIMO) 14% HIGHER; reported Q4 EPS of $0.29, $0.06 better than the analyst estimate of $0.23. Revenue for the quarter came in at $67 million versus the consensus estimate of $62.76 million.

Amazon.com (NASDAQ: AMZN) 12.3% LOWER; reported Q4 EPS of $1.00, $0.56 worse than the analyst estimate of $1.56. Revenue was $35.75 billion, with the consensus at $35.9 billion. Net sales are expected to be between $26.5 billion and $29.0 billion, or to grow between 17% and 28% compared with first quarter 2015. (The Street sees Q1 revenue of $27.7 billion.)

Quality Systems (NASDAQ: QSII) 12.3% LOWER; reported Q3 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $116.4 million versus the consensus estimate of $125.5 million.

QLogic Corp (NASDAQ: QLGC) 11.2% HIGHER; reported Q3 EPS of $0.30, $0.04 better than the analyst estimate of $0.26. Revenue for the quarter came in at $122.7 million versus the consensus estimate of $117.37 million. GUIDANCE: QLogic Corp sees Q4 2016 EPS of $0.23-$0.27, versus the consensus of $0.22. QLogic Corp sees Q4 2016 revenue of $113-119 million, versus the consensus of $112.0 million.

Electronic Arts (NASDAQ: EA) 8% LOWER; reported Q3 EPS of $1.83, $0.02 better than the analyst estimate of $1.81. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.81 billion. Electronic Arts sees Q4 2016 EPS of $0.40, versus the consensus of $0.50. Electronic Arts sees Q4 2016 revenue of $1.275 billion, versus the consensus of $915.41 million. Electronic Arts sees FY2016 EPS of $3.04, versus the consensus of $3.10. Electronic Arts sees FY2016 revenue of $4.363 billion, versus the consensus of $4.56 billion.

Fortinet (NASDAQ: FTNT) 6.6% HIGHER; reported Q4 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $296.5 million versus the consensus estimate of $296.22 million. Billings of $380.9 million, up 35% year over year. Fortinet announced that its Board of Directors has authorized a new share repurchase program of up to $200 million through December 31, 2017.

Synaptics (NASDAQ: SYNA) 4% LOWER; reported Q2 EPS of $1.61, $0.03 better than the analyst estimate of $1.58. Revenue for the quarter came in at $471 million versus the consensus estimate of $478.11 million.

ShoreTel (NASDAQ: SHOR) 4% HIGHER; reported Q2 EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $90.17 million.

Skyworks Solutions (NASDAQ: SWKS) 4% HIGHER; reported Q1 EPS of $1.60, $0.02 better than the analyst estimate of $1.58. Revenue for the quarter came in at $926.8 million versus the consensus estimate of $919.96 million. GUIDANCE: Skyworks Solutions sees Q2 2016 EPS of $1.24, versus the consensus of $1.33. Skyworks Solutions sees Q2 2016 revenue of $775 million, versus the consensus of $817.76 million.

Flextronics (NASDAQ: FLEX) 4% HIGHER; reported Q3 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $6.76 billion versus the consensus estimate of $6.51 billion. GUIDANCE: Flextronics sees Q4 2016 EPS of $0.25-$0.31, versus the consensus of $0.27. Flextronics sees Q4 2016 revenue of $5.5-6.1 billion, versus the consensus of $5.98 billion.

Proofpoint (NASDAQ: PFPT) 3.1% HIGHER; reported Q4 EPS of ($0.11), in-line with the analyst estimate of ($0.11). Revenue for the quarter came in at $74.9 million versus the consensus estimate of $73.46 million. GUIDANCE: Proofpoint sees Q1 2016 revenue of $75.5-76.5 million, versus the consensus of $75.61 million. FY Revenue is seen as $345-$348 million vs $343.19 million

Microsoft (NASDAQ: MSFT) 2% HIGHER; reported Q2 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $25.7 billion versus the consensus estimate of $25.26 billion.

Visa (NYSE: V) 1.2% HIGHER; reported Q1 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.62 billion. Visa reaffirmed FY2016 guidance.

Previous Alert: UWTI, PYPL

UWTI