China New Borun Corp $BORN Earnings Preview For Tuesday's Release
China New Borun Corp (BORN) is anticipated to report earnings after the closing bell on March 06, 2012.
Who They Are:
China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China. The company was founded in 2000 and is based in Shouguang, the People's Republic of China. China New Borun Corp shares trade an average of 247,000 shares per day and has a marketcap of $87 Million.
52 Week High: $12.34
52 Week Low: $2.78
What To Expect:
Analysts are expecting an improvement of $0.02 in earnings per share compared to last quarter's results of $0.41. A beat of $0.43 per share will top the estimated mean earnings.
Analyst estimates range between $0.42 and $0.46 per share.
The company has rising revenue year-over-year of $260.09 million for 2010 vs. $155.34 million for 2009. The bottom line has rising earnings year-over-year of $39.37 million for 2010 vs. $24.38 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $54.62 million for 2010 vs. $33.12 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure the bottom line is keeping up with the top line.
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