Pre-Market Earnings Report for July 13, 2012 : WFC, JPM, WBS, IGTE, OPTT

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The following companies are expected to report earnings prior to market open on 07/13/2012. Visit our Earnings Calendar for a full list of expected earnings releases.

Wells Fargo & Company ( WFC ) is reporting for the quarter ending June 30, 2012. The bank company's consensus earnings per share forecast from the 23 analysts that follow the stock is $0.81. This value represents a 15.71% increase compared to the same quarter last year. In the past year WFC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WFC is 10.14 vs. an industry ratio of 11.10.

J P Morgan Chase & Co ( JPM ) is reporting for the quarter ending June 30, 2012. The bank company's consensus earnings per share forecast from the 22 analysts that follow the stock is $0.78. This value represents a -38.58% decrease compared to the same quarter last year. JPM missed the consensus earnings per share in the 4th calendar quarter by -2.17%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for JPM is 8.04 vs. an industry ratio of 11.10.

Webster Financial Corporation ( WBS ) is reporting for the quarter ending June 30, 2012. The bank (northeast) company's consensus earnings per share forecast from the 15 analysts that follow the stock is $0.44. This value represents a 22.22% increase compared to the same quarter last year. In the past year WBS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WBS is 12.47 vs. an industry ratio of 14.00.

iGATE Corporation ( IGTE ) is reporting for the quarter ending June 30, 2012. The computer services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.27. This value represents a 107.69% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for IGTE is 12.43 vs. an industry ratio of 20.20.

Ocean Power Technologies, Inc. ( OPTT ) is reporting for the quarter ending April 30, 2012. The alternative energy company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.30. This value represents a -42.31% decrease compared to the same quarter last year. The last two quarters OPTT had negative earnings surprises; The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for OPTT is -2.57 vs. an industry ratio of -0.20.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Earnings

Referenced Stocks: IGTE , JPM , OPTT , WBS , WFC

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