earnings expectations posts
FeedPosted Dec 5th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, AutoZone Inc (AZO), Smithfield Foods (SFD), Economic Data
After a week full of mixed economic data taking its toll on the markets, things will settle down somewhat this coming week.
- Monday: Fed releases October data on consumer credit outstanding.
- Tuesday: TIPP Economic Optimism Index is due.
- Wednesday: Labor Dept. offers initial jobless claims numbers for last week, EIA's crude oil inventory last week, October wholesale trade numbers from the Census Bureau.
- Friday: Trade balance data for October, Bureau of Labor Statistics releases its Import Price Index for November, preliminary Michigan Consumer Sentiment Index is due, and the Treasury Dept. releases the federal budget balance in November.
Continue reading Week in Preview: A Bit of a Breather (AZO, DG, SFD)
Posted Sep 12th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Best Buy (BBY), FedEx Corp (FDX), Oracle Corp (ORCL), Economic Data
Last week, the Fed's Beige Book report confirmed that the economy continues to grow, but at a slower pace than in previous periods. This week will bring plenty of economic data to either support or contrast with the Fed's findings.
- Monday: Federal government budget balance for August
- Tuesday: Business inventory numbers from July, TIPP Economic Optimism Index for September, retail sales data from August
- Wednesday: Industrial production in August, Empire State Manufacturing Survey for September, Import Price Index for August
- Thursday: Producer Price Index for August, Philly Fed Survey for September, the Current Account Balance in the second quarter, jobless claims for last week
- Friday: preliminary University of Michigan Consumer Sentiment Index, Consumer Price Index for August, real earnings data for August
Continue reading The Week in Preview: FedEx, Best Buy, Oracle and Lots of Economic Data
Posted Aug 1st 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts
After the crunch of quarterly reports over the past two weeks, things will be fairly quiet on the earnings front Monday. Analysts polled by Thomson Reuters expect Allergan (AGN), Loews (L) and Vulcan Materials (VMC) to report higher second quarter earnings, compared to a year ago. Oshkosh (OSK) is anticipated to have swung to a profit from a year-ago loss, and Humana (HUM) is expected to post earnings per share (EPS) about the same as last year.
The crush of quarterly reports is back on come Tuesday, with Coach (COH), Harris (HRS), MasterCard (MA), Molson Coors (TAP), Pfizer (PFE), Priceline.com (PCLN) and Whole Foods (WFMI) among those expected to post earnings growth. The highlight of the day though may be Parker Hannifin's (PH) fiscal fourth-quarter results.
Continue reading The Week in Preview: Eye on Parker Hannifin, Devon Energy, DirecTV
Posted Jul 25th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Chevron Corp (CVX), Southwest Airlines (LUV), Broadcom Corp'A' (BRCM), Economic Data
The earnings crunch rolls on this coming week, and the analysts surveyed by Thomson Reuters are looking for strong quarterly results from the likes of Avon (AVP), Coinstar (CSTR), Corning (GLW), DuPont (DD), MetLife (MET), Norfolk Southern (NSC), Northrop Grumman (NOC), Royal Dutch Shell (RDS.A) and many others. In fact, Broadcom (BRCM), Chevron (CVX) and Southwest Airlines (LUV) are expected to have doubled their second-quarter earnings per share compared to a year ago.
The three months that ended in June saw Southwest Airlines celebrate the 39th anniversary of its founding, and it also declared a quarterly dividend. Analysts expect the Dallas-based no-frills carrier to report that second-quarter earnings came to 27 cents a share, a 70.4% rise from a year earlier. Revenue for the period is expected to have grown 20.4% to $3.2 billion. So far, analysts predict similar earnings and revenue numbers for the third quarter. But earnings results were better than expected in the past four quarters, beating consensus estimates by as much as 47%.
Continue reading The Week in Preview: High Expectations for Southwest, Chevron, Broadcom
Posted Jun 27th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, General Mills (GIS), Economic Data
The calendar quarter winds down this week, and in the days leading up to the Independence Day holiday in the U.S., Apollo Group Inc. (APOL) is expected to be an earnings winner. General Mills (GIS) and Monsanto (MON) are scheduled to report quarterly results this week as well, but analysts surveyed by Thomson Reuters expect them to post smaller profits.
Analysts on average expect for-profit education provider Apollo Group to report that its fiscal third-quarter earnings rose 18.7% from a year ago to $1.55 per share. Revenue for the three months that ended in May is expected to have risen 23.2% in the past year to $1.3 billion. Apollo Group's per-share earnings have topped consensus estimates in the past five quarters, by as much as 13 cents per share. The First Call recommendation of analysts is to buy APOL and has been for more than 90 days. Shares have fallen 28.6% in the past three months and reached a 52-week low of $43.49 on Friday.
Continue reading The Week in Preview: Expectations for Apollo Group, General Mills, Monsanto
Posted Jun 20th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Bed Bath and Beyond (BBBY), NIKE, Inc'B' (NKE), Oracle Corp (ORCL), Economic Data, Federal Reserve
Among the coming week's most prominent quarterly reports are those from Oracle Corp. (ORCL), Bed Bath & Beyond Inc. (BBBY) and Nike Corp. (NKE). Analysts surveyed by Thomson Reuters are looking for healthy year-over-year earnings and revenue growth from each of them.
Analysts on average expect enterprise software giant Oracle to report that its fiscal fourth-quarter earnings rose 14.8% from a year ago to $0.54 per share. Revenue for the three months that ended in May is expected to have risen about 38.1% in the past year to $9.5 billion. Oracle's per-share earnings have not fallen short of consensus estimates in the past five quarters. The First Call recommendation of 37 analysts is to buy ORCL and has been for more than 90 days. Shares have retreated recently from the 52-week high of $26.63 and closed the week at $23.20.
Continue reading The Week in Preview: Expectations for Oracle, Nike, Interest Rates
Posted May 23rd 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, AutoZone Inc (AZO), Costco Wholesale (COST), Trina Solar ADS (TSL)
Both Walmart (WMT) and BJ's Wholesale Club (BJ) reported strong quarterly results last week, suggesting that discount retailers are still doing well even as the economy seems to be coming around. This week, Costco (COST) and Big Lots (BIG) take their turns in the earnings spotlight, and analysts surveyed by Thomson Reuters expect a strong showing from them as well.
And we'll round out this preview of the coming week with a look at expectations for AutoZone (AZO), Canada's big banks, and Trina Solar (TSL).
Continue reading The Week in Preview: A Look at Costco, AutoZone, Canadian Banks, and more