Post 10/22 Q3 FY21' Earnings Analysis

2021年10月25日

AXP, SAM, HCA, RF, HON, SLB

All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets

AXP - American Express - reported Q3 FY21' earnings of 2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues & strong segmental performances - partly offset by increasing costs

SAM - Boston Beer - reported Q3 FY21' earnings of 2.97/share - missing estimates of $4.04 per share - compares to earnings of $6.10 per share a year ago - this quarterly report represents an earnings surprise of (26.49%)
A quarter ago, it was expected that this brewer would post earnings of $7 per share when it actually produced earnings of $4.72 - delivering a surprise of (32.57%) - over the last four quarters the company has beat EPS estimates just once

HCA - HCA Healthcare - reported Q3 FY21' earnings of 4.57/share - beat estimates of 4.10/share - compares to earnings of $1.92 per share a year ago - this quarterly report represents earnings surprise of 11.46%

RF - Regions Financial - reported Q3 FY21' earnings of 0.66/share - beat estimates of 0.53/share - the bottom line compares favorably with the prior-year quarter’s $0.49 - results were driven by a strong capital position, & a rise in deposit balances provided some respite - benefit from credit losses was a tailwind - lower revenues & rising expenses were major drags

HON - Honeywell International - earnings were 2.02/share - beat estimates of 2.01/share - bottom line soared 29.5% YoY - revenues were $8,473 million - missing the consensus estimate of $8,708M - top line increased 9% YoYr on a reported basis - rise was driven by strength in warehouse & workflow solutions, productivity solutions & services, & gas analysis businesses along with strong demand for building products as well as process solutions services and thermal solutions - also supported by a recovery in commercial aftermarket demand & solid growth in business & general aviation original equipment demand

SLB - Schlumberger - announced Q3 FY21' earnings of 0.36/share - in line with estimates - bottom line increased significantly from the year-ago quarter’s profit of $0.16 - total revenues of $5,847M - missed estimates of $5,940M but improved 11% from the year-ago quarter’s $5,258M - earnings were aided by a surge in stimulation activity in Argentina, stronger North American rig activity along with ramped up drilling operations at offshore & onshore international resources - this was offset by lower contributions related to Digital & Integration from Europe/Africa