Hewlett-Packard Company (NYSE:HPQ) is still embroiled in a scandal or two based on corporate spying and employee impersonations, but that didn't keep the calendar year of 2006 flat by any means. HP overtook rival Dell Inc. (NASDAQ:DELL) in overall revenues in the computer industry last year, helped by refreshed designs along with a bigger focus on the retail and consumer segment.

Will that translate into HP meeting its expectations when it reports this Tuesday, February 20th? We will all see then -- and I'll be live blogging the event right here at http://hpq.bloggingstocks.com, so stay tuned to this website on Tuesday as we cover the HP quarterly webcast in real-time, starting around 2:00 pm Pacific Time.

Analysts surveyed by Thomson Financial estimate HP will earn 62 cents a share for its most recent quarter, excluding one-time items. This would be a 30% increase over the 48 cents a share it earned in the year-ago quarter. Quarterly revenue is also forecast to rise 7% -- to $24.3 billion from $22.6 billion a year ago.

Will HP meet, beat, or blow past expectations? You decide.

Also check out some other earnings reports that we're following, and let us know what you're expecting.

Will Wal-Mart Stores (NYSE:WMT) disappoint or surpass analyst expectations for its most recent quarter? If the past is any indication, that question will be up for grabs, but the world's largest retailer did post an impressive 2.2% same-store sales growth figure in January.

Will Wal-Mart beat, meet, or fall short of expectations on Tuesday? The analysts have Wal-Mart pegged at a slim 7.1% rise in quarterly net income, down from a 12.1% gain in the year-earlier period. With all the hubbub on Wal-Mart's most recent results having been plagued by marketing missteps, lackluster gains, and cluttered stores -- can Wal-Mart rise above it all for it's just-completed quarter?

I'll be live blogging Wal-Mart's quarterly earnings webcast right here at http://wmt.bloggingstocks.com, so stay tuned to this website this Tuesday, February 20 for all the coverage -- as it happens. The earnings will be released before the market opens (about 7:00 am Pacific Time). We'll see you as you have your morning coffee (or hot tea) about then!

Also check out some other earnings reports that we're following, and let us know what you're expecting.

With some analysts souring on tech stocks, the question for investors and watchers of AT&T Inc. (NYSE:T) ahead of its Q4 report on January 25 is whether this telecom chameleon (formerly SBC, formerly Southwestern Bell and others, formerly AT&T) can repeat its strong Q3 results. That showing was based primarily on the strength of AT&T's wireless business. And it's still wireless that provides hope in some quarters, specifically AT&T's piece of the brouhaha over Apple Inc. (NASDAQ:AAPL)'s iPhone. Cingular (soon to be known once more as AT&T Wireless) will be the exclusive service provider for iPhones, which is bound to bring in boatloads of new customers for AT&T.

Some wonder whether giants AT&T and Apple can really get along, however. And the other big AT&T news in these days leading to the Q4 report is its new Unity service, a bundling of mobile and land-line services that is widely seen as an effort to stem the tide of customers going over to the cable providers.

AT&T rates a "buy" recommendation, according the Thomson Financial, with estimated earnings per share at 0.59, compared to 0.63 actual for the previous quarter, and revenue of 21.3 billion. The target price is 37.48 (it closed at 35.07 on Friday). MarketWatch and TheStreet.com agree on the 0.59 estimate, but place the target price at 38.50, with a fiscal 2007 estimate of 2.27 and an "overweight" rating.

Credit Suisse analysts recently raised their target price to $39 and fiscal 2007 earnings estimate to $2.54, as well as maintaining their rating of "outperform," based not only on the iPhone deal, but the completion of the merger with BellSouth as well.

What do you think? Are investors in line for another positive surprise from AT&T?

Also check out some other earnings reports that we're following, and let us know your thoughts on earnings expectations.