Market Overview

Earnings Expectations for the Week of September 3

UPDATE: Campbell Soup reported Tuesday morning and exceeded expectations. Shares traded up almost 10%.

Things will be quiet on the earnings front again this holiday-shortened week. The most prominent quarterly reports on the schedule are those from Campbell Soup (NYSE: CPB), which is expected to post a year-over-year earnings per share (EPS) decline and flat earnings Tuesday morning, and Kroger (NYSE: KR), which is expected to say Friday that it saw moderate growth in EPS and sales. Also, a seasonal net loss is expected from H&R Block (NYSE: HRB).

Here is a quick run-down of some companies that analysts anticipate will report this week that they had positive results for the most recent quarter:

Cooper Companies (NYSE: COO). Analysts on average expect this medical device maker to report Thursday afternoon that its per-share earnings gained nearly 11 percent to $1.29 and revenue rose more than four percent year-over-year to $367.6 million. That EPS estimate is unchanged over the past 60 days.

Dollar General (NYSE: DG). The consensus forecast calls for EPS up more than 18 percent year-over-year to $0.64 and sales up more than 10 percent to $3.9 billion. Analysts have underestimated EPS from this discount retailer in the past four quarters. Dollar General reports Thursday before market open.

Hovnanian Enterprises (NYSE: HOV). This New Jersey-based homebuilder is expected to post a narrower net loss of $0.12 per share as revenues surged more than 35 percent from the year-ago period to $386.2 million. Note that Hovnanian reported a surprise profit in the previous quarter. It is scheduled to share its results on Thursday.

Men's Wearhouse (NYSE: MW). The consensus forecast calls for earnings and revenue to be marginally higher than a year ago to $1.12 per share on $663.9 million. The Houston-based specialty retailer fell short of analysts' consensus EPS estimates in the previous quarter. The company is scheduled to share its results Wednesday afternoon.

VeriFone Systems (NYSE: PAY). Analysts on average anticipate this electronic payment company will say Wednesday afternoon that its most recent EPS were 30 percent higher year-over-year to $0.70 and revenue rose about 57 percent to $498.3 million. VeriFone regularly exceeds consensus EPS estimates.

Ulta Salon, Cosmetics and Fragrance (NASDAQ: ULTA). The consensus forecast calls for EPS to have grown more than 25 percent from a year ago to $0.51. This purveyor of salon products and services regularly tops consensus EPS estimates. Sales are expected to total $ 473.8 million, or more than 20 percent higher year-over-year. Look for its report Thursday after the closing bell.

In addition, Brady Corp. (NYSE: BRC), Delta Apparel (NYSE: DLA), Korn/Ferry International (NYSE: KFY), Layne Christensen (NASDAQ: LAYN) and Smithfield Foods (NYSE: SFD) are expected to report this week that their most recent per-share earnings declined compared to the year-ago period, and Navistar International (NYSE: NAV) is predicted to have swung to a net loss.

The relative quiet on the earnings front will continue the following week, though Analogic (NASDAQ: ALOG), Casey's General Stores (NASDAQ: CASY), John Wiley (NYSE: JW-A), Pall Corp. (NYSE: PLL), Pier 1 Imports (NYSE: PIR) and United Natural Foods (NASDAQ: UNFI) are scheduled to share their most recent quarterly results.

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