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Earnings: Readers vs. Wall Street on Home Depot, Dell, Viacom, and others

Earnings season has begun to wind down, what with the March 1 deadline that many companies face having just passed. But we've seen plenty over the past week or so on the quarterly reports of some of our favorite stocks.

Blogging Stocks readers were pessimistic ahead of the release from Home Depot Inc. (NYSE:HD), 57% of you predicting in our poll that it would fall short of analysts' expectations. Only 17% thought HD would beat expectations, but 26% of you were correct that the earnings were in line with, admittedly low, expectations.

Readers were also pessimistic on Viacom Inc. (NYSE:VIA). 41% of you voted in our poll that VIA would miss expectations, though a respectable 32% predicted that it would meet analysts' expectations. But the 27% who thought it would beat expectations turned out to be correct, as the purchase of DreamWorks helped lift Viacom.

You were split on Dell Inc. (NASDAQ:DELL) ahead of its earnings release. 36% predicted earnings would be in line with expectations and 35% of you thought it would fall short. But on March 1 we saw that strong competition, weak sales, and legal entanglements were too much for Dell and it missed expectations.

Speaking of splitting your votes: XM Satellite Radio Holdings (NASDAQ:XMSR) and Sirius Satellite Radio Inc. (NYSE:SIRI), the only two real players in the satellite radio market, reported quarterly earnings just a day apart. To the casual observer, these companies may look more similar than different, which was reflected in the recent announcement of their intention to merge. Yet clearly our readers have a favorite, as 57% of predicted XM would fall short of analysts' expectations, while 61% thought Sirius would beat expectations. Your favoritism aside, XM ended up beating expectations (which only 19% of you predicted), while Sirius's earnings were in line with expectations (which 27% predicted). Still, they were more alike than different when you take into account that XM only beat expectations by a penny.

Continue reading Earnings: Readers vs. Wall Street on Home Depot, Dell, Viacom, and others

Earnings: Readers vs. Wall Street on Cisco, Disney, and the colas

Things may have slowed down a bit in the quarterly earnings reports that we've been asking you, Blogging Stocks readers, to make your predictions about, but it hasn't done anything to dampen your optimism.

On Cisco Systems (NASDAQ:CSCO), 80% of you thought earnings would beat expectations.

On Disney Co. (NYSE:DIS), 65% of you thought earnings would beat expectations.

On Pepsico Inc. (NYSE:PEP), 87% of you thought earnings would beat expectations.

On Coca-Cola Co. (NYSE:KO), 67% of you thought earnings would beat expectations.

And your optimism was warranted in all cases except for Pepsico, whose earnings were in line with analysts' expectations. Only 10% of you voted for Pepsi to meet expectations.

So add one for Coke in the cola wars, and give yourselves a big pat on the back for outsmarting Wall Street three times out of four.

Earnings reports for Home Depot (NYSE:HD), Whole Foods Market (NYSE:WFMI), Viacom Inc. (NYSE:VIA) and others are coming up soon. Let us know what you're expecting.

Earnings: Readers vs. analysts on Google, Exxon Mobil, and others

Last week was another busy one for the earnings reports that we are covering. In the reader polls that accompanied the previews of the eight earnings reports, Blogging Stocks readers only agreed with analysts expectations on two of them: Sony Corp. (NYSE:SNE) and Exxon Mobil Corp. (NYSE:XOM). On the former, it seems like just about everyone expected Sony to fall short, despite the brouhaha over the PlayStation 3 during the holiday season. 58% of you voted correctly for it to miss expectations, almost a quarter (24%) thought it might meet expectations, but fewer than 100 votes were cast, so perhaps there was a general lack of enthusiasm about Sony.

43% of you may have been looking for more record profits from Exxon, as you voted for it to exceed expectations, yet 46%, maybe thinking about fallen oil prices, agreed with Wall Street that Exxon would only meet expectations. But as we have since seen, the quarter brought record profits once more for this oil giant.

Merck and Co. (NYSE:MRK) was another case where readers and analysts both predicted incorrectly. 68% of you voted for Merck to beat expectations, while 24% agreed with analysts. In the end, though, legal and restructuring costs dragged Merck down, which only 8% of you predicted.

Readers were optimistic about the other earnings reports last week: Google Inc. (NASDAQ:GOOG) 59% for beat; Starbucks Corp. (NASDAQ:SBUX) 64% for beat; Time Warner Inc. (NYSE:TWX) 73% to beat; Boeing Co. (NYSE:BA) 80% for beat; and Amazon.com Inc. (NASDAQ:AMZN) 48% to beat. Your optimism was founded with regards to Google, Boeing, and Amazon, which all beat expectations. Amazon's results weren't all that exciting, however, as expectations had been low. That lack of excitement appears to have been reflected in 25% of you who voted that Amazon would merely meet expectations and the 27% who predicted it would disappoint, as well as the fact that fewer than 100 of you cast votes for online retailer.

But congratulations to you, Blogging Stocks readers, for correctly predicting the results of more of last week's earnings reports than analysts did. Keep up the good work with impending reports from Cisco Systems Inc. (NYSE:CSCO), Walt Disney Co. (NYSE:DIS), Pepsico Inc. (NYSE:PEP), and others by letting us know what you're expecting.

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 10:16 PM

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