Market Overview

Earnings Expectations for the Week of August 1

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Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE) and Kraft Foods (NYSE: KFT), which are projected to report earnings declines.

Here's a day-by-day rundown of some of the most anticipated quarterly reports of the week.

Monday

Insurance giants Allstate (NYSE: ALL) and Humana (NYSE: HUM) are scheduled to report their second quarter results on Monday. But analysts predict that the former will post a net loss of $1.56 per share, and the latter will see earnings 19.2% lower year over year to $2.06 per share, but revenues up 7.7% to $9.3 billion.

Companies anticipated to post double-digit EPS growth on Monday include FMC (NYSE: FMC), Innophos Holdings (NASDAQ: IPHS), Principal Financial Group (NYSE: PFG), Rogers (NYSE: ROG) and Sohu.com (NASDAQ: SOHU).

Tuesday

Duke Energy (NYSE: DUK) and Marathon Oil (NYSE: MRO) are on deck Tuesday, but both are expected to post per-share earnings that are marginally lower than in the same period a year ago. Analysts are looking for Pfizer (NYSE: PFE) to report earnings of $0.59 per share and revenues of $16.9 billion, which is down from $0.62 and $17.3 billion a year ago.

Coach (NYSE: COH) earnings are expected to be about the same as a year ago, but plenty of companies are forecast to report earnings growth on Tuesday, including:

  • Archer Daniels Midland (NYSE: ADM): EPS up 18.8% to $0.85
  • Buckeye Technologies (NYSE: BKI): EPS up 63.9% to $0.72
  • CBS (NYSE: CBS): EPS up 46.7% to $0.46
  • Franklin Resources (NYSE: BEN): EPS up 27.2% to $2.17
  • Genessee & Wyoming (NYSE: GWR): EPS up 28.6% to $0.70
  • Parker Hannifin (NYSE: PH): EPS up 25.0% to $1.80

Wednesday

Another busy day on the earnings front, including:

  • Comcast (NASDAQ: CMCSA): EPS up 19.5% to $0.41
  • MasterCard (NYSE: MA): EPS up 17.3% to $4.22
  • Pioneer Natural Resources (NYSE: PXD): EPS up 48.2% to $0.83
  • Prudential Financial (NYSE: PRU): EPS up 41.3% to $1.55
  • Southeby's (NYSE: BID): EPS up 19.2% to $1.56
  • Tesoro (NYSE: TSO): EPS up 77.4% to $1.33
  • Time Warner (NYSE: TWX): EPS up 10.7% to $0.56
  • Williams Companies (NYSE: WMB): EPS up 28.9% to $0.38

Also look for earnings growth from Allergan (NYSE: AGN), Constellation Energy (NYSE: CEG), Devon Energy (DVN), IntercontinentalExchange (NYSE: ICE) and Molex (NASDAQ: MOLX).

Analysts expect to see smaller earnings from Clorox (NYSE: CLX), Garmin (NASDAQ: GRMN), Nicor (NYSE: GAS) and TRW Automotive (NYSE: TRW).

Thursday

Thursday's highlights include:

  • American International Group (NYSE: AIG): EPS down 35.7% to $0.92
  • Kraft Foods (NYSE: KFT): EPS down 3.4% to $0.58
  • Southwest Airlines (NYSE: LUV): EPS down 31.4% to $0.20

Kraft and Southwest are also forecast to report higher revenues, though. Others expected to post earnings declines Thursday include CIGNA (NYSE: CI), CVS Caremark (NYSE: CVS), Dean Foods (NYSE: DF), First Solar (NASDAQ: FSLR) and Sunoco (NYSE: SUN).

Earnings expectations are high for coal producer Alpha Natural Resources (NYSE: ANR) and fertilizer producer CF Industries (NYSE: CF). Analysts are looking for the former to report per-share earnings of $1.12 and revenues of $1.5 billion, which is up from $0.62 and $1.0 billion a year ago. The consensus forecast for the latter calls for $5.87 per share earnings (up 57.8%) and revenues of $1.8 billion (up 34.8%).

Thursday's other anticipated double-digit earnings gainers include:

  • Apache (NYSE: APA): EPS up 21.0% to $3.09
  • Cardinal Health (NYSE: CAH): up 13.8% to $0.58
  • DirecTV (NASDAQ: DTV): EPS up 29.4% to $0.85
  • Discovery Communications (NASDAQ: DISCA): up 19.7% to $0.61
  • Priceline.com (NASDAQ: PCLN): EPS up 36.6% to $4.87

Friday

General Motors (NYSE: GM) and Procter & Gamble (NYSE: PG) will highlight Friday reports. Analysts are looking for the automaker to report per-share earnings of $1.20 (the third straight quarterly EPS increase since last year's IPO) and revenues of $36.7 billion. The consensus forecast for the consumer goods giant calls for per-share earnings up 13.4% from a year ago to $0.82 and revenues up 9.0% to $20.6 billion.

Also look for earnings growth from Imperial Sugar (NASDAQ: IPSU), Viacom (NYSE: VIA), Washington Post (NYSE: WPO) and Weight Watchers (NYSE: WTW) as well.

 

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