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The week in preview: End-of-quarter expectations

Even if the national headlines weren't already providing enough focus on the economy, plenty of economic data is due out as the month and the quarter wind down. U.S. economic data scheduled to be released this week include:

Other economic events scheduled for this week include:

The end of the quarter also means that earnings news is relatively quiet. Perhaps most prominent this week are the anticipated second quarter results of Circuit City Stores Inc. (NYSE: CC). The Richmond, Va.-based consumer electronics retailer last week finally ousted its CEO, Philip J. Schoonover, after a couple of years of disappointing results, and then shares fell to a new multi-year low. While Circuit City suggested that results would be better than previously forecast, analysts surveyed by Thomson Financial expect the company to have widened its loss to $1.04 per share (from $0.38 per share in the year-ago quarter) on revenue of $2.5 billion (-4.2%). Results have been better than expected in the past two quarters, but shares have fallen 66.3% in the past six months.

Among the biggest expected earnings gainers reporting this week are Minnesota-based fertilizer producer Mosaic Co. (NYSE: MOS) and U.K.-based tech company Xyratex Ltd. (NASDAQ: XRTX). Even though Mosaic, along with some rivals, is involved in a price fixing lawsuit, analysts expect it report a profit 78.2% higher than a year ago, or $2.93 per share on revenue of $4.1 billion (+104.2%). Xyratex, which hit a 52-week low last week, is expected to post $0.38 earnings per share (+34.2%) on revenue of $285.6 million (+21.8%). Both Mosaic and Xyratex have regularly provided positive surprises in recent quarters, and the consensus recommendations of analysts are to buy Mosaic and also to buy Xyratex. Year to date, Mosaic shares are down 19.4% while Xyratex's are down 28.5%.

Here are analysts' expectations for other companies scheduled to report earnings this week:

Visit AOL Money & Finance for more earnings coverage.

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Last updated: July 17, 2009: 10:05 AM

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