Market Overview

Earnings Expectations for the Week of February 18

U.S. markets are closed on Monday for the Presidents' Day holiday, and many of the S&P 500 have already posted results for the most recent quarter.

But PC makers Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) step into the earnings spotlight this week. Also, the world's largest retailer, Walmart (NYSE: WMT), kicks off the next round of earnings reports from the big retailers.

PC Makers

Fourth-quarter fiscal 2013 earnings from Dell, which may soon go private at the hands of founder Michael Dell and other investors, are forecast to come to $0.39 per share in Tuesday afternoon's report.

Revenues are expected to total $14.12 billion. In the same quarter of last year, the company just missed consensus EPS estimates when it posted $0.51 per share, as well as $16.03 billion in revenues.

Analysts on average expect to see $1.71 EPS from Dell, on revenue of $56.74 billion, for the full year. In the previous year, EPS were $2.13 while revenues totaled $62.07 billion. That EPS estimate, like the quarterly one, is unchanged in the past 60 days.

First-quarter fiscal 2013 earnings from competitor Hewlett-Packard are expected to come to $0.71 per share, on revenues of $27.76 billion. In the same quarter of the previous year, the company exceeded EPS estimates when it posted $0.92 per share and $30.04 billion in sales.

Analysts have underestimated HP's per-share earnings in the past eight quarters. The company is scheduled to share its results Thursday after the closing bell.

In other tech reports this week, Analog Devices (NASDAQ: ADI) is expected to post EPS that are about the same as in the year-ago period. EPS and revenue from Garmin (NASDAQ: GRMN) and Intuit (NASDAQ: INTU) are forecast to have declined year-over-year.

And Leap Wireless (NASDAQ: LEAP) is expected to return to posting quarterly net losses.

Retailers

A profit of $1.57 per share for the fourth quarter, which included the holiday shopping season, as well as $4.92 per share for the full fiscal year, are anticipated when Walmart shares its results Thursday before the markets open.

Both of those these estimates would be more than eight percent higher than in the previous year.

Walmart's revenues are forecast to have grown year-over-year, more than four percent to $128.82 billion for the quarter and more than five percent to $470.10 billion for the full year.

Seattle-based upscale retailer Nordstrom (NYSE: JWN) is expected to report Thursday afternoon that for its fourth quarter it had a profit of $1.34 per share. That would be up from $1.11 per share in the same period of the previous year. And analysts on average expect quarterly revenues to have jumped more than 16 percent year-over-year to $3.69 billion.

The full-year forecast for Nordstrom calls for EPS up more than 10 percent year-over-year to $3.50 on revenues that are more than 15 percent higher to $12.12 billion. That consensus EPS estimate has ticked up from $3.49 in the past 30 days.

In its report Friday morning, Abercrombie & Fitch (NYSE: ANF) is expected to post earnings of $1.95 per share for the fourth quarter and $2.98 per share for the full year.

That would be up more than 42 percent and almost 23 percent, respectively. The purveyor of casual wear for young customers exceeded the consensus EPS estimates in the previous three quarters.

Abercrombie's quarterly revenues are forecast to total $1.48 billion, which would be more than 11 percent higher than a year ago. The full-year revenues are expected to have risen more than eight percent to $4.52 billion.

Other retailers reporting this week include Safeway (NYSE: SWY) and Zale (NYSE: ZLC), from which year-over-year earnings growth but flat revenues are anticipated, and OfficeMax (NYSE: OMX) which is expected to post lower EPS and sales.

The parade of retail earnings reports continues the following week with results due from Best Buy (NYSE: BBY), Dollar Tree (NASDAQ: DLTR), Gap (NYSE: GPS) Home Depot (NYSE: HD), J.C. Penney (NYSE: JCP), Lowe's (NYSE: LOW), Macy's (NYSE: M), Target (NYSE: TGT) and others.

And Others

Among the other companies reporting this week, analysts expect to see higher per-share earnings from American Railcar (NASDAQ: ARII), Boston Beer (NYSE: SAM), Express Scripts (NASDAQ: ESRX), Genuine Parts (NYSE: GPC), Herbalife (NYSE: HLF), Interpublic Group (NYSE: IPG), Marriott (NYSE: MAR) and Medtronic (NYSE: MDT).

EPS from Cheesecake Factory (NASDAQ: CAKE) and Hormel Foods (NYSE: HRL) are forecast to be the same as in the year-ago quarter. But Newmont Mining (NYSE: NEM) is expected to say that its earnings declined year-over-year.

Net losses are anticipated from AIG (NYSE: AIG), MGM Resorts (NYSE: MGM) and Tesla Motors (NASDAQ: TSLA).

Posted-In: abercrombie & fitch AIG American RailcarEarnings Long Ideas News Previews Trading Ideas Best of Benzinga

 

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