Market Overview

Earnings Expectations for the Week of July 29

The oil and gas industry will be well represented on this week's earnings stage, with reports due from supermajors Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX), and many others in the field.

Viacom (NYSE: VIAB) and Comcast (NASDAQ: CMCSA) will be the highlights among the various media companies reporting quarterly results this week, and AIG (NYSE: AIG) is just one of several insurers stepping into the earnings spotlight.

Among the many other, various consumer goods and services companies also on deck this week are MasterCard (NYSE: MA) and Procter & Gamble (NYSE: PG).

See also: Weekly Preview: Earnings Season Continues, Fed in Focus, Economic Maelstrom Expected

Oil and Gas

Thursday morning, Exxon Mobil (NYSE: XOM) is expected to report that EPS came to $1.90 in the second quarter, while revenue totaled $105.54 billion. That compares to $1.80 per share and $127.36 billion in the same period of last year.

Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP) both step into the earnings spotlight late in the week. The second-quarter earnings forecast for the former calls for $2.96 per share on revenue on $56.01 billion, down from $3.56 per share and $62.61 billion in the year-ago period.

Analysts believe that ConocoPhillips will say before the opening bell that its per-share earnings came to $1.29, on $12.75 billion in revenue. That would compare to $1.22 per share and $13.99 billion in the same period of last year.

Also on deck this week and expected to offer up earnings growth are Anadarko Petroleum (NYSE: APC), Murphy Oil (NYSE: MUR) and Pioneer Natural Resources (NYSE: PXD).

But analysts are looking for lower EPS from Apache (NYSE: APA), Hess (NYSE: HES), Marathon Petroleum (NYSE: MPC), National Oilwell Varco (NYSE: NOV), Occidental Petroleum (NYSE: OXY), Phillips 66 (NYSE: PSX) and Tesoro (NYSE: TSO).


Reports are due from Comcast (NASDAQ: CMCSA) Wednesday morning and from Viacom (NASDAQ: VIAB) on Friday. They are projected to post per-share earnings of $0.63 and $1.30, respectively. That would be up less than five percent for the former but more than 25 percent for the latter.

Revenue for the largest cable company in U.S. is expected to have risen more than five percent year-over-year to $16.01 billion, while that of the operator of MTV and Paramount Pictures is more than 10 percent higher to $3.58 billion.

Wednesday after the closing bell, CBS (NYSE: CBS) is expected to say that its EPS came to $0.72 in its second quarter, while revenue totaled $3.52 billion. That would be up from $0.65 per share and $3.47 billion in the same period of last year.

DirecTV (NASDAQ: DTV), Discovery Communications (NASDAQ: DISCA) and Time Warner Cable (NYSE: TWC) also are expected to report annual earnings growth on this week. But a decline in per-share earnings is anticipated from Cablevision Systems (NYSE: CVC).

See also: Google Chromecast Making TV Executives Nervous


American International Group (NYSE: AIG) is scheduled to step onto the earnings stage Thursday. Analysts are looking for second-quarter revenue that fell more than two percent to $8.62 billion, as well as EPS that fell almost 19 percent from a year ago to $0.86 per share.

Aetna (NYSE: AET), Allstate (NYSE: ALL), Cigna (NYSE: CI), Hartford Financial Services (NYSE: HIG) and Humana (NYSE: HUM) forecasts call for year-over-year EPS growth.

But EPS from MetLife (NYSE: MET) are expected to be the same as a year ago, while a per-share earnings decline is anticipated from Aflac (NYSE: AFL).

Furthermore, drug makers Amgen (NASDAQ: AMGN), AstraZeneca (NYSE: AZN), Merck (NYSE: MRK) and Pfizer (NYSE: PFE) are expected to report lower EPS this week as well.


First thing Wednesday morning comes the second-quarter report from MasterCard (NYSE: MA). Analysts are looking for revenue that rose about 10 percent to $2.00 billion, as well as net income that is more than 10 percent higher than a year ago and comes to $6.30 per share.

Then Thursday before the markets open, Procter & Gamble (NYSE: PG) is expected to say that its EPS came to $0.77 in the fiscal fourth quarter, while revenue totaled $20.55 billion. That compares to $0.82 per share and $20.21 billion in the same period of last year.

This week's other anticipated earnings winners include Avon Products (NYSE: AVP), Boston Beer (NYSE: SAM), Buffalo Wild Wings (NASDAQ: BWLD), Clorox (NYSE: CLX), Coach (NYSE: COH), Herbalife (NYSE: HLF), Kellogg (NYSE: K), Kraft Foods (NASDAQ: KRFT) (quarter on quarter for this recent spin-off), LinkedIn (NYSE: LNKD), Revlon (NYSE: REV) and Whole Foods Market (NASDAQ: WFM).

Analysts expect to see earnings declines from JetBlue Airways (NASDAQ: JBLU) and Sprint Nextel (NYSE: S), as well as net losses from Take-Two Interactive Software (NASDAQ: TTWO) and Office Depot (NYSE: ODP).

Posted-In: Aetna Aflac AIG allstate American International Group amgen anadarko petroleum apache AstraZeneca Avon Products boston beer Buffalo Wild Wings CBS Chevron CIGNA clorox Coach Comcast ConocoPhillips Exxon Mobil Google Hartford Financial Services Herbalife hess Humana JetBlue Airways Kellogg Kraft Foods LinkedIn marathon petroleum mastercard merck MetLife Murphy Oil National Oilwell Varco occidental petroleum Office Depot Pfizer Phillips 66 pioneer natural resources procter & gamble Revlon Sprint Nextel Take-Two Interactive Software Tesoro Viacom Whole Foods MarketEarnings Previews Trading Ideas Best of Benzinga


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