Earnings - What To ExpectWith earnings results due tomorrow expectations appear to be for somewhere around 7 cents per share.
According to yesterday's Globe & Mail:
"Overall, Bombardier's analysts' concensus estimate for the quarter is $4.2-billion (U.S.) in sales and 7 cents in earnings-per-share - not too shabby given the still weak aerospace market, offset somewhat by a robust performance at the company's rail division."
I don't see a lot of big factors which could surprise to take us much away from that concensus. While Bombardier's share price has been taken down by the recent negative market sentiment, that's largely unrelated to prospects for the company itself. Of course there's some feeling that if the recovery stalls, airlines will suffer and business jet sales will falter.
Even "robust performance" from rail, and better-than-expected results from aerospace can't take the share price significantly higher. What can and will take the share price higher is the announcement of another large aerospace order. And that becomes increasingly likely as economic recovery returns and we get closer to the date of actual production.
But I'd appreciate hearing from anyone who has given it some thought and sees it differently.