Earnings Expectations for the Week of July 30

Most of the S&P 500 have shared their second-quarter results already. According to Bloomberg, some 72 percent of S&P 500 companies that have reported quarterly results so far have exceeded analysts' estimates. But the earnings season is not over quite yet.Among the many companies scheduled to share their results this week are Aetna (NYSE: AET), American International Group (NYSE: AIG), Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), Goodyear (NYSE: GT), Kellogg (NYSE: K), Pfizer (NYSE: PFE), Procter & Gamble (NYSE: PG), Time Warner (NYSE: TWX) and U.S. Steel (NYSE: X). Analysts on average expect all of these companies to report that their per-share earnings shrank in comparison to the year-ago period.The consensus EPS forecasts for CBS (NYSE: CBS), Clorox (NYSE: CLX), MetLife (NYSE: MET) and Viacom (NASDAQ: VIA) has them little changed from the same quarter of last year. But analysts are looking for earnings growth in this week's reports from Comcast (NASDAQ: CMCSA), DirecTV (NASDAQ: DTV) and MasterCard (NYSE: MA), as well as those companies featured below.Among the companies projected to offer up net losses this week are video game makers Electronic Arts (NASDAQ: EA) and Take-Two Interactive (NASDAQ: TTWO), as well as Martha Stewart Living Omnimedia (NYSE: MSO).Below is a closer look at some of the companies expected to report the strongest year-over-year earnings growth this week.AllstateIn its Tuesday report, earnings from the largest publicly held personal lines insurer are estimated to come to $0.51 per share for the second quarter. That compares to a net loss of $1.23 a share in the same period of last year, due in part to storm-related costs. Analysts lately have turned bearish on the stock, which had a consensus EPS estimate of $0.92 just a month ago. Quarterly revenues are expected to total about $6.8 billion, which would be around 3 percent higher than a year ago. Allstate (NYSE: ALL) is looking to build on four-straight revenue increases.CoachThe New York-based maker of luxury handbags and accessories is expected to say Tuesday that for its fourth quarter of fiscal 2012 it had a profit of $0.85 per share. That would be up from the $0.68 per share that Coach (NYSE: COH) reported in the same period a year ago. Analysts have underestimated the company's EPS for more than ten quarters -- the earnings beat in the third quarter was by a couple of pennies per share. And analysts on average expect revenues to be more than 16 percent higher year-over-year to $1.2 billion. Note that other luxury goods purveyors, Nordstrom (NYSE: JWN) and Tiffany (NYSE: TIF), are expected to show earnings declines when they report later in August.First Solar Second-quarter 2012 earnings for Tempe Ariz.-based First Solar (NASDAQ: FSLR) are forecast to come to $0.91 per share, while revenues totaled $817.6 million. In the same quarter of last year, when the solar panel maker faced weak global demand, it posted $0.70 per share and $532.7 million in sales. Note that analysts have overestimated the company's per-share earnings in each of the past four quarters -- First Solar posted a surprise loss in the first quarter. Also, the consensus EPS estimate has dropped by a dime in the past 60 days. Last week, Jim Cramer recommended selling the stock ahead of earnings. First Solar reports Wednesday afternoon.Harley-DavidsonHarley-Davidson (NYSE: HOG) has undergone significant restructuring since spring of 2009, and the share price has trended upward since that time. Second-quarter 2012 earnings are anticipated to be more than 22 percent higher than a year ago to $1.05. However, that EPS estimate has slipped by a couple of pennies from 60 days ago. While sales for this iconic maker of heavyweight motorcycles may have been soft lately, analysts expect revenues for the second quarter to be up more than 21 percent from a year ago to $1.6 billion. The company is looking to build on four-straight year-over-year revenue increases. It will share its results Wednesday morning.Seagate TechnologyAnalysts predict that Irish disk-drive maker Seagate Technology (NASDAQ: STX) will say Monday that its fiscal fourth-quarter earnings jumped almost 89 percent from a year ago to $2.51 per share. Last year's results were impacted by flooding in Thailand. Note though that the consensus EPS estimate has pulled back in the past 60 days from $2.85. Revenues for the quarter are forecast to be more than 59 percent higher than a year ago to almost $4.6 billion. The full-year forecast calls for EPS up almost 82 percent year-over-year to $6.82 and revenues more than 36 percent higher to $15 billion. That EPS forecast is also lower than it was 60 days ago. Rival Western Digital (NASDAQ: WDC) posted a better-than-expected profit last week.