Market Overview

Earnings Expectations for the Week of April 22

The earnings crunch is in full swing this week. Some of the highlights include anticipated quarterly reports from the likes of Apple, Amazon.com and Ford, which analysts expect to report lower per-share earnings for the most recent quarter than a year ago.

On the other hand, year-over year earnings growth is anticipated from Boeing, Exxon Mobile, UPS and others. But Sprint Nextel is among those expected to post a net loss for its most recent quarter.

The following is a day-by-day rundown of what analysts expect from some of the most prominent of the week's many, many quarterly reports.

Monday

The day's highlights will include first-quarter reports from Caterpillar (NYSE: CAT) and Netflix (NASDAQ: NFLX) before the markets open and after the closing bell, respectively. Analysts are looking for revenue that declined about 14 percent to $13.72 billion and net income about 41 percent lower than a year ago for the heavy vehicle maker. The Netflix top line is forecast to be up about 14 percent year-over-year to $1.02 billion, while the bottom line swung from a year-ago net loss of $0.08 per share to a profit of $0.18 per share.

Halliburton (NYSE: HAL) and Texas Instruments (NYSE: TXN) are also on deck Monday, and both are expected to report year-over-year earnings per share (EPS) declines.

Tuesday

Apple (NASDAQ: AAPL), clearly the most anticipated report of the week, and U.S. Airways (NYSE: LCC) both step into the earnings spotlight Tuesday. The fiscal second-quarter forecast for the former calls for $10.07 EPS on revenue on $42.49 billion, compared with $12.30 per share and $39.19 billion in the year-ago period. The airline, which in the midst of a merger with American Airlines, is expected to post $0.28 EPS on $3.37 billion in revenue. That would be up year-over-year from a net loss of $0.13 per share and $3.27 billion.

AT&T (NYSE: T), Coach (NYSE: COH), Delta Air Lines (NYSE: DAL), DuPont (NYSE: DD), Lockheed Martin (NYSE: LMT) and Xerox (NYSE: XRX) are also expected to report annual earnings growth on Tuesday. But a decline in earnings is anticipated from Discover Financial Services (NYSE: DFS), as well as a net loss from struggling RadioShack (NYSE: RSH).

Wednesday

Before the markets open on Wednesday, Boeing (NYSE: BA) and Ford (NYSE: INTC) are projected to report per-share earnings of $1.48 and $0.38, respectively. That would be up more than 17 percent for the former but only marginally higher for the latter. Boeing revenue is expected to be down less than three percent year-over-year to $18.84 billion, while that of Ford is more than 10 percent higher to $33.78 billion.

Analysts are looking for earnings growth from Eli Lilly (NYSE: LLY), Procter & Gamble (NYSE: PG), Qualcomm (NASDAQ: QCOM), Whirlpool (NYSE: WHR) and Wyndham Worldwide (NYSE: WYN). But a net loss from Sprint Nextel (NYSE: S).

Thursday

Exxon Mobil (NYSE: XOM) and ostensible economic bellwether UPS (NYSE: UPS) are predicted to report marginal growth in EPS to $2.05 and to $1.01, respectively, before the opening bell Thursday. Revenue at the petroleum giant is expected to be down less than four percent year-over-year to $119.83 billion. And analysts expect revenue of the package delivery giant to be up less than three percent to $13.47 billion.

In addition, analysts anticipate that Amazon.com (NASDAQ: AMZN) will say its revenue jumped more than 22 percent from a year ago to $16.18 billion, but that first-quarter earnings tumbled from $0.28 per share a year ago to $0.09 per share in the most recent quarter. Amazon is scheduled to share its results on Thursday afternoon.

The day's other anticipated earnings gainers include 3M (NYSE: MMM), Altria (NYSE: MO), Colgate-Palmolive (NYSE: CL), Harley-Davidson (NYSE: HOG), Hershey (NYSE: HSY), MetroPCS Communications (NYSE: PCS), Safeway (NYSE: SWY), Southwest Airlines (NYSE: LUV), Starbucks (NASDAQ: SBUX) and Time Warner Cable (NYSE: TWC).

But ConocoPhillips (NYSE: COP) and Raytheon (NYSE: RTN) are predicted to say that quarterly earnings declined, relative to a year ago.

Friday

First thing Friday morning, Chevron (NYSE: CVX) is expected to report that EPS came to $3.07 in the first quarter, while revenue totaled $67.73 billion. That compares to $3.17 per share and $60.70 billion in the same period of last year.

Home builder D.R. Horton (NYSE: DHI) and Goodyear Tire & Rubber (NASDAQ: GT) are among the others set to share their results at the end of the week. The home builder is expected to show higher EPS than in the same period of last year, while the bottom line from the latter declined.

See also: Weekly Preview: Earnings Season Continues, Apple in Focus

Posted-In: 3M altria Amazon.comEarnings Long Ideas Short Ideas Previews Trading Ideas Best of Benzinga

 

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