Market Overview

Earnings Expectations for the Week of March 5


Most of the S&P 500 have already posted their fourth-quarter results. But a few of them are scheduled to report fiscal quarterly results this week. These include Altera, Brown-Forman, H&R Block and Pall Corp. Also, earnings reports from retailers continue to roll out this week, as they have for the past two weeks. Those on tap include American Eagle Outfitters, Dicks Sporting Goods, Kirland's, Men's Wearhouse, Williams-Sonoma and a number of others.

S&P 500 Reports

Fiscal second-quarter earnings from Pall Corp. (NYSE: PLL) are estimated to total $0.74 per share on revenues of $684.6 million in Wednesday's report. In the same quarter of last year, this supplier of filtration, separation, and purification technologies posted $0.68 per share earnings and sales of $645.2 million. Analysts so far expect sequential and year-over-year growth of both EPS and sales in the current quarter. Pall Corp. only missed consensus earnings estimates in one of the past five quarters. The company has posted double-digit year-over-year percentage revenue growth for the past four quarters.

See also: Pall Corporation Increases Quarterly Dividend 20%

Analysts expect that Louisville, Ky.-based Brown-Forman's (NYSE: BF-B) fiscal third-quarter EPS will have risen four cents year over year to $1.00 per share. That estimate has not changed over the past 60 days. But this maker and exporter of such alcoholic beverages as Jack Daniel's and Korbel fell short of analysts' EPS estimates by a penny or two in the previous two quarters. The revenue forecast for the quarter calls for $1.0 billion, or 4.1% higher than in the same period of last year. The company said in its Q2 report that it anticipates net sales growth for the full fiscal year in the high single digits.

Tax preparer and business services purveyor H&R Block (NYSE: HRB) is expected to say Wednesday that its fiscal third-quarter earnings came to $0.05 per share. That forecast compares to a loss of $0.01 in the same period of last year, but is down from a profit estimate of $0.12 a share some 60 days ago. And revenues for the quarter are expected to have fallen 17.8% to $700.0 million. Analysts have overestimated the company's per-share earnings results in the past four quarters. Their long-term EPS growth forecast for H&R Block is 11.0%

See also: These 5 Value Stocks Could See Continued Gains

On Thursday, Altera (NASDAQ: ALTR) is expected to say that its fiscal first-quarter earnings totaled $0.37 per share on revenues of $426.8 million. That would be down from $0.68 and $535.8 million in the same period of fiscal 2011. That EPS estimate has slipped over the past 60 days from $0.42. So far, analysts expect sequential growth in both EPS and sales in the current quarter. Note that this San Jose, Calif.-based of programmable logic devices is one of the most cash-rich companies in the tech sector. But it has a dividend yield of 0.8%.

Retail Earnings

Here's a peek at what analysts expect from retailers scheduled to report fourth-quarter results this week:

  • Aeropostale (NYSE: ARO): EPS down 61.2% to $0.38 and sales down 3.6% to $808.9 million
  • American Eagle Outfitters (NYSE: AEO): EPS down 20.5% to $0.35 and sales up 14.2% to $1.1 billion
  • Body Central (NASDAQ: BODY): EPS up 32.5% to $0.37 and sales up 20.1% to $80.6 million
  • Bon-Ton Stores (NASDAQ: BONT): EPS down 27.8% to $3.19 and sales down 3.0% to $1.0 billion
  • Brown Shoe (NYSE: BWS): EPS up 60.0% to $0.20 and sales up 6.5% to $643.5 million
  • Children's Place Retail Stores (NASDAQ: PLCE): EPS down 27.0% to $0.89 and sales up 5.5% to $478.1 million
  • Citi Trends (NASDAQ: CTRN): a net loss of $0.20 per share and sales up 4.2% to $179.4 million
  • Dick's Sporting Goods (NYSE: DKS): EPS up 13.6% to $0.88 and sales up 6.1% to $1.6 billion
  • Express (NYSE: EXPR): EPS up 19.1% to $0.68 and sales up 8.8% to $676.4 million
  • Fresh Market (NASDAQ: TFM): EPS up 26.3% to $0.38 and sales of $319.6 million
  • Hibbett Sports (NASDAQ: HIBB): EPS up 21.4% to $0.56 and sales up 11.1% to $192.5 million
  • Hot Topic (NASDAQ: HOTT): EPS up 10.0% to $0.20 and sales down 1.5% to $209.1 million
  • Kirkland's (NASDAQ: KIRK): EPS up 10.8% to $0.74 and sales up 6.4% to $148.5 million
  • Men's Wearhouse (NYSE: MW): a net loss of $0.13 per share and sales up 3.9% to $563.2 million
  • Stage Stores (NYSE: SSI): EPS up 19.6% to $1.07 and sales up 3.2% to $468.2 million
  • Williams-Sonoma (NYSE: WSM): EPS up 4.4% to $1.13 and sales up 4.3% to $1.3 billion

See also: Gap, Target Top Analyst Estimates

And Others

The week's other prominent quarterly reports include those from Anheuser-Busch Inbev (NYSE: BUD), Analogic (NASDAQ: ALOG), Coca-Cola Bottling (NASDAQ: COKE) and Cooper Companies (NYSE: COO), which are expected to report year-over-year earnings growth of more than 15%.

Analysts expect per-share earnings from executive recruiter Korn/Ferry International (NYSE: KFY) to be the same as a year ago, but that Smithfield Foods (NYSE: SFD) and Vail Resorts (NYSE: MTN) will say their earnings declined year over year.

A loss is expected from tech company Ciena (NASDAQ: CIEN) and from homebuilder Hovnanian Enterprises (NYSE: HOV), but analysts think those losses will be smaller than a year ago.


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