Harris Roen, Editor
Roen Financial Report
October 1, 2012
Strong earnings reports are released for two Smart Grid companies, both of which experienced a nice bump up in stock price. For free sample reports, please click on the company names below.
Mixed earnings results announced. Revenues up slightly year over year, but net income down 5.5%. Net revenue growth between 5%-8% expected for FY 2013. Stock jumps 7% in one day on large volume, and is up 36% for the year.
Accenture ACN (70.03 ↑7.11%) is a global management consulting, technology services and outsourcing company. It is a $25 billion company with approximately 236,000 employees in more than 120 countries. Serving both businesses and governments, Accenture consults all areas of smart grid development from strategy to implementation.
Earnings release beats expectations, 6-month revenues up 23%. 2013 revenue forecast increased to $575-$600 million. Stock soars 9% in one day on huge volume, and has doubled in value over the last year.
AZZ Inc. (AZZ 37.98 ↑9.26%) is an electrical equipment and components manufacturer. This company serves in the power generation, transmission and distribution markets as well as other sectors. AZZ manufactures and installs products that distribute electrical power between generators, transformers, switching devices and other electrical equipment crucial to the smart grid build out.
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.
It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.