Market Overview

Earnings Expectations for the Week of August 29

Things will be fairly quiet on the earnings front this this week, with only a few S&P 500 components scheduled to post quarterly results: Brown-Forman (NYSE: BF-B), Campbell Soup (NYSE: CPB) and Joy Global (NASDAQ: JOYG) are expected to report earnings growth, while SAIC's (NYSE: SAI) earnings slipped and H&R Block (NYSE: HRB) posts a seasonal loss.

Others reporting this week include retailers Barnes & Noble (NYSE: BKS) and Dollar General (NYSE: DG), lift-truck manufacturer Cascade (NYSE: CASC), as well as shirt makers Oxford Industries (NYSE: OXM) and Phillips-Van Heusen (NYSE: PVH).

Campbell Soup

Competitor H. J. Heinz (NYSE: HNZ) felt the squeeze of higher commodity prices and last week posted smaller earnings year over year. However, Camden, N.J.-based Campbell Soup is expected to post fiscal third-quarter earnings of $0.38 per share, as well as revenues of $1.6 billion. That is a modest increase over $0.33 per share and $1.5 billion in the same period of last year.

Note that 60 days ago the consensus earnings estimate was only $0.33 per share. Campbell has fallen short of earnings estimates in just one of the past ten quarters, and then it missed by only a penny per share. But the stock has underperformed competitors Heinz and Kraft Foods (NYSE: KFT) in the past six months.

Joy Global

This mining equipment manufacturer completed the acquisition of LeTourneau Technologies and increased its stake in International Mining Machinery in the quarter that ended in July. The consensus forecast calls for fiscal third-quarter earnings of $1.52 per share, which is up from $1.13 a year ago. That estimate is also up from $1.48 per share 60 days ago. And this Milwaukee-based company's revenues are predicted to come in at $1.2 billion. That is a year-over-year increase from $0.9 billion.

Analysts underestimated Joy Global's quarterly earnings in all but one of the past ten quarters. It has a long-term EPS growth forecast of 17.5% and a PEG ratio of 0.9. The stock has underperformed Caterpillar (NYSE: CAT) and the Dow Jones Industrial Average in the past six months.

Cascade

Analyst anticipate that Cascade, something of a bellwether for the global economy, will report that its per-share earnings jumped 77.7% year over year, to $1.30. During that three months the company said it expects robust demand to continue through the end of the year. The consensus earnings estimate is unchanged from 60 days ago. Note though that earnings have fallen short of estimates in two of the past five quarters.

Revenues for the fiscal second quarter are expected to have increased 39.0% to total $135.9 million. Cascade's long-term EPS growth forecast is 11.0%. The stock has outperformed competitor Nacco Industries (NYSE: NC) but underperformed the Dow Jones Industrial Average in the past six months.

Barnes & Noble

This New York-based bookseller is still standing as rival Borders goes down the tubes, but it is not all sunshine here either. Barnes & Noble is expected to post a loss of $0.94 per share for the fiscal first quarter, a little more than in the previous quarter but a little less than a year ago. The company has posted losses in seven of the past nine quarters.

But its revenues are forecast to be 4.5% higher in the most recent quarter to $1.5 billion, as well as up 5.4% to $7.4 billion for the year. However, Barnes & Noble missed revenue projections in the past four quarters. And the stock has underperformed competitor Amazon.com (NASDAQ: AMZN) and the broader markets in the past six months.

And the Rest ...

Here is what analysts expect to see from others scheduled to report quarterly results this week:

  • Oxford Industries (NYSE: OXM): EPS up 46.2% to $0.52 (reports Wednesday)
  • Delta Apparel (NYSE: DLA): EPS up 31.2% to $0.93 (reports Wednesday)
  • Phillips-Van Heusen (NYSE: PVH): EPS up 23.4% to $0.59 (reports Tuesday)
  • Donaldson (NYSE: DCI): EPS up 17.7% to $0.79 (reports Monday)
  • DSW (NYSE: DSW): EPS up 17.5% to $0.48 (reports Tuesday)
  • Cooper Companies (NYSE: COO): EPS up 15.7% to $1.08 (reports Wednesday)
  • Dollar General (NYSE: DG): EPS up 12.5% to $0.48 (reports Tuesday)
  • Brown-Forman(NYSE: BF-B): EPS up 8.4% to $0.83 (reports Wednesday)
  • Greif (NYSE: GEF): EPS down 0.7% to $1.33 (reports Wednesday)
  • Esterline Technologies (NYSE: ESL): EPS down 6.9% to $1.21 (reports Thursday)
  • SAIC (NYSE: SAI): EPS down 35.0% to $0.42 (reports Wednesday)
  • Shanda Interactive Entertainment (NASDAQ: SNDA): EPS down 35.0% to $0.40 (reports Wednesday)
  • Winn Dixie Stores (NASDAQ: WINN): EPS down 64.0% to $0.09 (reports Monday)

Also, Ciena (NASDAQ: CIEN), H&R Block (NYSE: HRB), LDK Solar (NYSE: LDK) and Zale (NYSE: ZLC) are expected to post net losses for the most recent quarter.

Posted-In: Amazon.com analyst forecasts Barnes & Noble borders Brown-Forman campbell soup Cascade Caterpillar ciena Cooper Companies Delta Apparel dollar general Donaldson DSW earnings expectations earnings previews esterline Greif H&R Block heinz International Mining Machinery joy global Kraft Foods ldk solar LeTourneau Nacco Industries oxford industries phillips-van heusen SAIC Shanda Interactive Winn Dixie Stores zaleEarnings Long Ideas Short Ideas Previews Pre-Market Outlook Trading Ideas

 

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