Earnings Expectations for the Week of May 7 (DIS, M, CSCO)


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The parade of earnings from major retailers begins this week with quarterly reports due from Kohl's (NYSE: KSS), Macy's (NYSE: M) and Nordstrom (NYSE: JWN). Analysts expect to see year-over-year revenue growth from all three, but lower per-share earnings from Kohl's. Many more retailers are scheduled to report their first-quarter results the following week. But the following is a quick day-by-day rundown of what analysts anticipate from some of this week's most prominent earnings reports.Monday

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Per-share earnings from Dish Network (NASDAQ: DISH), Electronic Arts (NASDAQ: EA) and Tyson Foods (NYSE: TSN) and are predicted to have declined, while Wynn Resorts (NASDAQ: WYNN) is forecast to show year-over-year earnings growth.Tuesday Fiscal second-quarter earnings from Walt Disney (NYSE: DIS) are expected to have risen six cents from a year ago to $0.55 per share. The Burbank, Calif.-based entertainment empire also is expected to say that its revenue for the quarter totaled $9.6 billion. That would be 5.4% higher than in the same quarter a year ago. But note that the EPS estimate has fallen in the past 60 days from $0.61, and Disney fell short of EPS estimates in one of the past four quarters.DirecTV (NASDAQ: DTV) is expected to report first-quarter earnings of $1.06 per share and revenues of $7.1 billion. That would be up from $0.85 per share and $6.3 billion in the same quarter of last year. Back in the fourth quarter, analysts underestimated DirecTV's EPS by a dime.Other companies forecast to post higher per-share earnings on Tuesday include Coca-Cola Bottling (NASDAQ: COKE), Discovery Communications (NASDAQ: DISCA) and Fossil (NASDAQ: FOSL). Analysts anticipate Molson Coors Brewing (NYSE: TAP) will post EPS about the same as a year ago, but Apollo Global Management (NYSE: APO) is expected to report a year-over-year decline in EPS.WednesdayFrom Cincinnati-based department store operator Macy's (NYSE: M), analysts are looking for earnings that are a dime per share higher than a year ago to $0.40. And first-quarter revenues are expected to be up 4.2% to $6.1 billion. Macy's, shares of which hit a multiyear high last week, has offered upside surprises in the past six quarters.Cisco Systems (NASDAQ: CSCO) is forecast to post fiscal third-quarter EPS of $0.47 and revenues of $11.6 billion. That would be up from $0.42 per share and $10.9 billion a year ago. The network equipment maker has topped consensus earnings estimates in the past eight quarters. So far, analysts anticipate full-year EPS to be up 12.0% year over year and sales that are 7.1% higher.The consensus forecast for News Corporation (NASDAQ: NWSA), shares of which have traded mostly between $19 and $20 since early in the year, calls for EPS that are 16.1% higher year over year to $0.31. That estimate has not changed over the past 60 days. But fiscal third-quarter revenues are anticipated to total $8.2 billion, which is about the same as a year ago.Analysts are looking for earnings growth from Dean Foods (NYSE: DF), Dollar Thrifty Automotive (NYSE: DTG) and Priceline.com (NYSE: PCLN) as well, but smaller earnings and revenue from AOL (NYSE: AOL). And Live Nation Entertainment (NYSE: LYV) and MEMC Electronic Materials (NYSE: WFR) are expected to post net losses for the most recent quarter.ThursdayRetailer Kohl's (NYSE: KSS) is expected to post a $0.61 per share profit for its first quarter. Consensus EPS estimates have come within a penny of actual results in all but one of the past six quarters. Analysts predict revenues for the first quarter will have grown 2.5% from a year ago to $4.3 billion. But Kohl's said last week that its same-store sales fell 3.5% in April.Nordstrom (NYSE: JWN) announced that its April same-store sales rose 7.1%. The Seattle-based retailer's first-quarter profit is expected to come to $0.74 per share, with revenues totaling $2.5 billion. That would be up from $0.65 per share and $2.2 billion a year ago. Nordstrom has not fallen short of consensus EPS estimates in the past six quarters.Analysts expect Express Scripts (NASDAQ: ESRX), which completed its merger with Medco Health Solutions in April, will say its earnings rose 14.3% year over year to $0.77 per share and sales were 3.4% higher to $11.5 billion. But note that per-share earnings fell short of consensus estimates in two of the past six quarters.Look for CA Technologies (NASDAQ: CA) and MBIA (NYSE: MBI) to post earnings growth on Thursday as well. Canadian Solar (NASDAQ: CSIQ) is expected to report a net loss.FridayThings will be quiet on the earnings front at the end of the week, but lower earnings are anticipated from Nvidia (NASDAQ: NVDA).Many more retailers, including Walmart (NYSE: WMT), Home Depot (NYSE: HD) and Abercrombie & Fitch (NYSE: ANF), are scheduled to step into the earnings spotlight next week.

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