LinkedIn Corp (LNKD), BioMarin Pharmaceutical Inc. (BMRN), ArcelorMittal (ADR) (MT): Don’t Miss These Three Companies With High Earnings-Per-Share Forecasts

ArcelorMittal (ADR) (NYSE:MT) is expanding its business units in different regions of the world. Recently, it announced expansion of its steel production capacity in Brazil for around $165 million, which had been previously abandoned. Moreover, ArcelorMittal will invest in mining operations in Port Buchanan, Liberia, to enhance production capacity of iron ore by 15 million tons per year by 2015. The company estimates the increase in iron ore output will increase to 84 million tons in 2015, from 56 million tons in 2012. This increase in production capacity will help the company to foster growth in iron ore shipments.

In the current year, ArcelorMittal (ADR) (NYSE:MT) is also expecting a 2% increase in steel shipments and a 20% increase in iron ore shipments, year-over-year. In the first quarter of 2013, the average price of iron-ore remained at $135 per ton, which was above the expectation of $130 per ton, providing a solid upside for future growth.

Conclusion:

LinkedIn Corp (NYSE:LNKD) will benefit from its recruitment segment and the trending increase in premium account users will give upside to the company’s revenue in the current fiscal year. BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)’s new product pipeline is impressive, as its trial tests show positive output. Approvals from drug authorities will enhance the company’s revenue in upcoming years. Although ArcelorMittal (ADR) (NYSE:MT)’s revenue declined in the first quarter of 2013, its outlook is positive for the rest of the year. The increasing demand for steel and iron ore will give upside to the company’s revenue.

All three stocks are a “buy.”

The article Don’t Miss These 3 Companies With High Earnings-Per-Share Forecasts originally appeared on Fool.com and is written by Madhu Dube.

Madhu Dube has no position in any stocks mentioned. The Motley Fool recommends BioMarin Pharmaceutical (NASDAQ:BMRN) and LinkedIn. The Motley Fool owns shares of ArcelorMittal and LinkedIn. Madhu is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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