Market Overview

Earnings Expectations for the Week of April 29

First-quarter results from General Motors (NYSE: GM) will be one of the highlights on the earnings front this week.

Analysts anticipate that the carmaker will say Thursday its revenue slipped about three percent from a year ago to $36.60 billion, but that earnings fell from $0.93 per share a year ago to $0.54 per share.

Facebook (NASDAQ: FB) is expected to post EPS of $0.13 on revenues $1.44 billion Wednesday afternoon.

Four media giants step into the earnings spotlight Wednesday as well. Analysts are looking for revenue that rose more than two percent to $4.02 billion and earnings per share (EPS) more than 20 percent higher than a year ago to $0.68 from CBS (NYSE: CBS).

Viacom's (NASDAQ: VIAB) top line is forecast to be down more than four percent year-over-year to $3.29 billion, while the bottom line slipped from a year-ago's $0.98 per share to $0.95 per share for the most recent quarter.

Comcast's (NASDAQ: CMCSA) first-quarter forecast for calls for $0.50 EPS on revenue on $15.41 billion, compared with $0.45 per share and $14.88 billion in the year-ago period. Time Warner (NYSE: TWX) is expected to post $0.74 EPS on $7.12 billion in revenue. That would be up year-over-year from EPS of $0.67 and $6.98 billion.

Monday after the closing bell, Herbalife (NYSE: HLF), the focus of recent activist investor squabbling, is expected to report that its EPS came to $1.07 in the first quarter, while revenue totaled $1.11 billion. That would be up from $0.88 per share and $0.96 billion in the same period of last year.

On Wednesday, MasterCard (NYSE: MA) is scheduled to report before the opening bell, while competitor Visa (NYSE: V) shares its results after the markets close. They are projected to report per-share earnings of $6.17 and $1.81, respectively.

That would be up about 13 percent for the former and more than 11 percent for the latter, relative to a year ago. MasterCard revenue is expected to be up more than nine percent year-over-year to $1.93 billion, while that of Visa is more than 10 percent higher to $2.85 billion.

Analysts anticipate that Seagate Technology (NASDAQ: STX) will say its revenue fell about 24 percent from a year ago to $3.38 billion, and that fiscal third-quarter earnings plunged from $2.64 per share a year ago to $1.15 per share. Seagate is scheduled to share its results on Wednesday afternoon.

Kellogg (NYSE: K) is predicted to report year-over-year EPS growth of less than eight percent to $1.03 before the opening bell Thursday. Its revenue is expected to be more than 14 percent higher to $3.94 billion. Then later in the day, Kraft Foods (NASDAQ: KRFT), which was spun off from the old Kraft Foods last year, is expected to report first-quarter earnings per share of $0.64 and revenues of $4.49 billion.

The first-quarter forecast for Archer Daniels Midland (NYSE: ADM) calls for EPS to come in at $0.52, while revenue totaled $21.41 billion. That compares to $0.78 per share and $21.16 billion in the same period of last year. ADM reports first thing Tuesday morning.

Pfizer (NYSE: PFE) and Merck (NYSE: MRK) also are on tap to share their first-quarter results this week. Analysts are looking for revenue declines of about six percent to $14.00 billion and more than five percent to $11.09 billion, respectively.

Pfizer's consensus bottom line forecast is $0.56 per share, down marginally from a year ago, while that of Merck calls for $0.79 per share, or about 20 percent lower.

Year-over-year EPS and revenue growth is expected from Express Scripts (NASDAQ: ESRX), which is scheduled to report Monday after the markets close. The consensus estimates are for $0.97 EPS on $25.55 billion, which would be almost 25 percent and more than 110 percent higher, respectively.

Also look for first-quarter reports this week from petroleum players Marathon Petroleum (NYSE: MPC), Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO). Marathon's forecast: $2.16 per share on $19.80 billion, compared to $1.70 per share and $20.26 billion in the year-ago quarter.

For Phillips 66: EPS of $1.89 and sales of $41.44, compared to $1.04 and $45.78 billion a year ago. And Valero: EPS up more than 86 percent year-over-year to $0.98 and revenue more than 13 percent higher to $30.41 billion.

Tuesday morning, United States Steel (NYSE: X) is expected to post a net loss of $0.19, as well as $4.66 billion in revenue for its first quarter. That would be down from a profit of $0.67 and revenue of $5.17 billion in the year-ago period.

Other companies that analysts believe will report year-over-year earnings growth this week include ADP (NASDAQ: ADP), Aetna (NYSE: AET), Avon Products (NYSE: AVP), Clorox (NYSE: CLX), Gilead Sciences (NASDAQ: GILD), LinkedIn (NYSE: LNKD), Marriot International (NYSE: MAR) and McGraw-Hill (NYSE: MHP).

Earnings declines are expected from AIG (NYSE: AIG), Allstate (NYSE: ALL), Estee Lauder (NYSE: EL), MetLife (NYSE: MET), Newmont Mining (NYSE: NEM), Starwood Hotels (NYSE: HOT) and Western Union (NYSE: WU).

And Martha Stewart Living Omnimedia (NYSE: MSO) and Vulcan Materials (NYSE: VMC) are expected to post net losses.

Posted-In: ADM ADP AetnaEarnings Long Ideas Short Ideas Previews Trading Ideas Best of Benzinga


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