Earnings Expectations For The Week Of November 4: Disney, Tesla, Groupon And More
While many S&P 500 components have already shared their third-quarter results, there will be plenty more earnings reports for investors to mull over this week.
The week's highlights include quarterly reports from media giants CBS, Disney and Time Warner, which all are expect to post earnings growth.
Analysts are looking for strong results from cult stock Tesla Motors, but an earnings decline from Groupon. Also scheduled to step into the earnings spotlight this week are AOL, Kellogg, Priceline.com, Toyota, Whole Foods and many others.
Below is a quick day-by-day run down of analyst expectations for some of the week's most prominent reports.
Kellogg (NYSE: K) steps into the earnings spotlight before the opening bell on Monday. The packaged foods giant is expected to say that third-quarter earnings per share (EPS) rose more than seven percent year-over-year to $0.89, while revenue totaled $3.71 billion, or about the same as a year ago.
Three independent oil and natural gas exploration and production companies will report after the markets close. Anadarko Petroleum (NYSE: APC) and Pioneer Natural Resources (NYSE: PXD) are expected to have strong results, but revenue from Marathon Oil (NYSE: MRO) is predicted to have declined year-over-year.
Elon Musk's Tesla Motors (NASDAQ: TSLA) is expected to report late Tuesday, and analysts are looking for EPS to have swung from a net loss of $0.92 per share a year ago to a profit of $0.11. Revenue for the third quarter is expected to come in at $534.64 million. That would be a jump from just $50.1 million in the same period of last year.
Specialty retailers CVS Caremark (NYSE: CVS), Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) are scheduled to share their results before the opening bell. Earnings and revenue growth are forecast for the drugstore operator, but the merging office supply chains are expected to have flat or declining earnings, relative to a year ago.
Among the reports Thursday will be those from CBS (NYSE: CBS) and Time Warner (NASDAQ: TWX). For their most recent quarters, the former is expected to post EPS of $0.76 and the latter $0.89 EPS. That would be up more than 14 percent and more than three percent, respectively.
As for revenue, both forecasts call for growth of less than two percent year-over-year, to $3.47 billion for CBS and to $6.94 billion for Time Warner. Time Warner is scheduled to report before the trading session and CBS to share its results after the closing bell.
Wednesday morning, also look for earnings growth from Devon Energy (NYSE: DVN), Duke Energy (NYSE: DUK) and Molson Coors Brewing (NYSE: TAP), as well as earnings declines from Humana (NYSE: HUM) and Ralph Lauren (NYSE: RL).
Then later in the day, Mondelez International (NASDAQ: MDLZ), Prudential Financial (NYSE: PRU), Qualcomm (NASDAQ: QCOM), Tata Motors (NYSE: TTM) and Whole Foods Market (NASDAQ: WFM) are expected to join the earnings gainer parade.
Late Thursday, Walt Disney (NYSE: DIS) is expected to say that its third-quarter EPS came to $0.76 and revenue totaled $11.40 billion. That would be up from $0.68 per share and $10.78 billion in revenue in the year-ago period. The entertainment giant narrowly topped consensus EPS estimates in the previous three quarters.
Also after the trading session ends, Groupon (NASDAQ: GRPN) is expected to post earnings of $0.01 per share and $616.13 million in revenues. That would compare to EPS of $0.03 and revenue of $568.55 million in the same period of last year.
See also: Preview Of Groupon's Earnings Report
Like Groupon, Apache (NYSE: APA) and Siemens (NYSE: SI) are forecast to show lower quarterly earnings. Lions Gate Entertainment (NYSE: LGF) and ArcelorMittal (NYSE: MT) are likely to post small per-share net losses for their most recent quarters.
Analysts are looking for earnings growth from AMC Networks (NASDAQ: AMCX), Priceline.com (NASDAQ: PCLN), Rockwell Automation (NYSE: ROK), Scripps Networks Interactive (NYSE: SNI) and Towers Watson (NYSE: TW).
Things will be pretty quiet on the earnings front Friday. Look for Coviden (NYSE: COV) to say before the opening bell that it saw growth in both earnings and revenue.
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