CEO secretary says (as of yesterday) date not confirmed yet. I thought the same as you.
Sentiment: Strong Buy
handled the Candie's class action years ago when Cole got caught with phony inventory numbers...I received like $20,000 from that debacle and sold the shares...Later when Cole announced he was going to become a licensing co. I bought 40k shares from $.65 to $2.25 and sold from $9.00 to $12.00...IMO this can only get worse wit the Class Action that will last a very long time and cost a lot of green...eddiebrown has been posting on this board for over 10 years and made some serious green but he fell in love with ICON and failed to take his profit in the $40.00 sss...Shame on you EddieW but good luck anyway...I am suprised you are still breathing with all that scotch you consume...Say hello to your brother for me...God Bless EddieW....
and roth still has a buy on icon ,,,,,could it be they didn't read CI's posts or didn't see all the vulture law firms lining up?? I think not ,,,,,roth people are no dummies
There will not be any revenue from China JV until they decide to monetize it (no plan to do that this year). (See the Q1 call transcript). They do plan to have 25M in "other revenue" (sales of trademarks, etc) in 2015. In Q1, there was no "other revenue". Let's say they have 9M in "other revenue" in Q2. Together with the 8M increase (compared to Q1) in licensing revenue, the total revenue would be 95+17 = 112M. So yes, the revenue target can be met with the help of "othere revenue".
What's more important to me is Y/Y increase in licensing revenue. In Q1, it was flat (after excluding Peanuts TV deal). For Q2 2014, licensing revenue was 97M. For Q2 2015, I think it will be 95+8 = 103M, around 6% Y/Y gain.
If we assume that new acquisition (Strawberry SC+PONY) makes 5M in Q2, then Q2 licensing revenue after removing new acquisition is 98M, which is encouraging because it shows some positive organic growth. (In SA article, CI claims negative organic growth at -6%.)
I guess Strawberry Shortcake may ad 4-5 Million on topline ( Based on 100 M/5 yrs i.e. 20 million per year and 5 Million per Quarter). Similarly Pony may give 1-2 Million per quarter. So best case scenario this 2 adds 7 Million.. So even if everything remains same revenue can hit around 102 Million. Now with the china acquisition they will add more to the topline now ( previously they only reported 50% of income). that could be another 2-3 million. So it takes them to 105 million. Now how much increase their other international business offers and also how much peanuts and their core business adds or reduces. I think revenue comes anywhere between 108-115. ( top end being how creative they get with their accounting)
I think it will probably meet EPS of 0.70. To go from 0.54 to 0.70, it's around 8M extra in earning for 48M shares. With Strawberry Shortcake, PONY, Peanuts increase, and slight increase of the rest, 8M is very possible. The revenue target of 112M will likely be a miss (that 112M est seems a bit high; the 128M est at high end is delusional). However, I think as long as the licensing revenue shows a decent Y/Y increase in Q2, they should be ok.
Second Quarter Earnings Announcement Expected: Earnings will tentatively be announced Wednesday. The consensus earnings are $0.70, with a high and low of $0.78 and $0.58, respectively. The mean has trended downward from the last estimate of $0.71.
Expected Timing: Before market open
The date was gathered by Wall Street Horizon callers, but it is still considered tentative.
The question is at what level it will become a good entry point. Here's something to consider. The lawsuit claims financial irregularities from Feb 2013. So let's say that data before then is legit. The stock price at the end of 2012 is 21.85. The current price is now 21.15.
Also this stock has fallen straight 7 days in row.
July 16 24.34
July 17 23.83
July 20 23.67
July 21 23.19
July 22 22.99
July 23 22.34
July 24 21.15
You may be right. I saw July 27th listed on google, but that is only an estimate. I have a feeling that earnings will be a miss, and that it has leaked, which is why stock is crashing. I think we will have to wait until fall to see the company back on its feet.
Sentiment: Strong Buy
Not enough buyers (negative sentiment of the stock itself, the retail sector, and earnings in general). Today it was probably accelerated due to running through stop losses (of people who bought at around 24) and the selling of nervous investors. At this level, it may be enough to attract new buyers to stablize or move up. Hopefully Q2 earning report will be able to improve the sentiment.