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
KSS
, Macy's
M
and Nordstrom
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
Per-share earnings from Dish Network
DISH
, Electronic Arts
EA
and Tyson Foods
TSN
and are predicted to have declined, while Wynn Resorts
WYNN
is forecast to show year-over-year earnings growth.
Tuesday
Fiscal second-quarter earnings from Walt Disney
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
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
COKE
, Discovery Communications
DISCA
and Fossil
FOSL
. Analysts anticipate Molson Coors Brewing
TAP
will post EPS about the same as a year ago, but Apollo Global Management
APO
is expected to report a year-over-year decline in EPS.
Wednesday
From Cincinnati-based department store operator Macy's
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
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
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
DF
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, Dollar Thrifty Automotive
DTG
and Priceline.com
PCLN
as well, but smaller earnings and revenue from AOL
AOL
. And Live Nation Entertainment
LYV
and MEMC Electronic Materials
WFR
are expected to post net losses for the most recent quarter.
Thursday
Retailer Kohl's
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
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
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
CA
and MBIA
MBI
to post earnings growth on Thursday as well. Canadian Solar
CSIQ
is expected to report a net loss.
Friday
Things will be quiet on the earnings front at the end of the week, but lower earnings are anticipated from Nvidia
NVDA
. Many more retailers, including Walmart
WMT
, Home Depot
HD
and Abercrombie & Fitch
ANF
, are scheduled to step into the earnings spotlight next week.
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Posted In: EarningsLong IdeasNewsShort IdeasPreviewsPre-Market OutlookTrading Ideasanalyst forecastsAOLApollo Global Managementca technologiescanadian solarCisco SystemsCoca-Cola BottlingConsumer DiscretionaryDean FoodsDepartment StoresDIRECTVdiscovery communicationsDish NetworkDollar Thrifty Automotiveearnings expectationsearnings previewselectronic artsexpress scriptsFinancialsFossilkohl'slive nation entertainmentmacy'sMBIAMEMC Electronic MaterialsMolson Coors BrewingNews CorporationNordstromNVIDIApriceline.comProperty & Casualty InsuranceTyson Foodswalt disneyWynn Resorts
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