Earnings previews: Blackstone and Kroger

March 09th, 2008 | Category: Earnings Reports

Private fairness giant Blackstone Group (NYSE: BX) and main grocery chain Kroger Co. (NYSE: KR) are scheduled to report earnings that week. Here’s a quick peek at them ahead of results.

Blackstone went public in 2007 and has yet to defeat earnings estimates. When the company reported third-quarter results back in November, earnings came to 21 cents per share, well below the consensus forecast of analysts polled by Thomson Financial of 30 cents, as well as the preceding quarter’s earnings of 46 cents (its first report after the IPO). For the current quarter, analysts expect

only 19 cents per share, and $1.47 for the year.

The analysts’ consensus recommendation is to buy Blackstone, with 3 of 8 analysts rating it a strong buy. Shares have fallen since the IPO to a low of $14.16 final week, but closed Friday at $14.58.

For news about Blackstone that could influence the earnings results, see BloggingStocks’ Blackstone coverage.

Continue reading Earnings previews: Blackstone and Kroger

Original post by Trey Thoelcke

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.