Facebook: More Risk Than Reward, Wait For Q2 Earnings Before Investing

Hudson’s Bay Co.’s shares have quietly languished below their IPO price since the country’s oldest company took its second run on the public markets with a $17 share offering in late November.

There has been some confusion about the quality of the ongoing Q4 earnings season, which has seen some 47% of the S&P 500 companies report to date (and with 53% still left things can certainly change). The confusion apparently is that this has been a "good" earning season so far. Nothing could be further from the truth, and as Goldman shows in its midterm Q4 earnings report, the reality, not spin, is that earnings are tracking at $24.03, or some 6% below the consensus estimate at the start of earnings season of $25.51.

MONTREAL – Snowmobile maker BRP Inc. has raised $262.3-million in the largest initial public offering of the year so far in Canada. The Valcourt, Que.-based manufacturer, which makes motor sports vehicles under the Ski-Doo and Sea-Doo names, said Wednesday it sold 12.2 million subordinate voting shares to investors for $21.20 a piece. Based on that price, the company’s market capitalization will be about $2.5-billion.

By Adam Muller:On July 19, after Zillow (Z) priced its initial public offering at $20 per share, I wrote an article arguing that the valuation at $20 per share was a full valuation.

By IPOdesktop: Based in Sunnyvale, California, InvenSense (INVN) scheduled $78 million IPO with a market capitalization of $615 million at a price range mid-point of $7.75 for Wednesday, November 16, 2011. The full IPO calendar for the week of November 14 includes nine scheduled IPOs trying to raise over $1.5 billion.

By Adam Muller:Apple will announce fiscal Q1 2012 earnings on January 24. On its Q4 conference call, the company provided EPS guidance for Q1 of $9.30 per share. At the time, this was above the Wall Street consensus estimate, but Apple sold off anyway as Q4 disappointed. iPhone 4S sales lagged as consumers waited for the release of the iPhone 4S.

By Zacks.com: AutoZone Inc. (AZO) expects to release its first quarter 2012, ended November 19, 2011, on December 06, 2011 before the opening bell. Memphis, Tennessee-based AutoZone earned a profit of $7.18 in the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimates of $6.98 per share.

IPOdesktop submits: Based in Mountain View, California, LinkedIn (LNKD) is scheduling a $263 million IPO with a market capitalization of $3.12 billion at a price range mid-point of $33.50 for Thursday May 19, 2011. Our full IPO Calendar includes three others.