PCLN,CTB, and BRK.A report earnings today.
PCLN: Quarterly Earnings and Estimates (QE4) of $5.02. Quarterly Earnings and Revenue Estimates of $968 million. In my estimation, Priceline will beat analyst expectations for EPS and Revenue, but will probably lower its guidance. Furthermore, not one insider bought new shares in PCLN this year. That speaks volumes!
CTB: Quarterly Earnings and Estimates (QE4) of $.39 and Quarterly Revenue (QE4) of $1billion. In my opinion, the quarter will be a disappointment mainly due to weather, and consumers lack of replacement tire purchase. Also, announcements regarding labor disputes are expected during the CC.
By: Greg Zimny