Earnings Expectations for the Week of July 29
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.
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.
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).
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.
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).
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