Earnings Expectations for the Week of May 6
Many of the S&P 500 have already reported their first-quarter results, but this week will bring plenty more earnings reports.
Highlights will include earnings from Walt Disney and News Corp., Green Mountain Coffee Roasters and Whole Foods Market, Anadarko Petroleum and First Solar, as well as AOL and Priceline.com.
Here is a quick look at what analysts expect from some of the most prominent reports of the week.
Walt Disney's (NYSE: DIS) fiscal second-quarter forecast for calls for $0.76 earnings per share (EPS) on revenue on $10.48 billion, which would be up year-over-year $0.58 per share and $9.63 billion. News Corp. (NASDAQ: NWSA) is expected to post $0.36 EPS on $9.14 billion in revenue. That compares to EPS of $0.37 and $8.40 billion in the fiscal third quarter of last year. Disney reports Tuesday afternoon and News Corp. Wednesday afternoon.
Analysts are looking for first-quarter revenue that rose less than seven percent to $7.53 billion and EPS just a penny higher than a year ago to $1.08 from DirecTV (NASDAQ: DTV). Cablevision Systems' (NASDAQ: CVC) top line is forecast to be down less than two percent year-over-year to $1.64 billion for the first quarter, while the bottom line fell from a year-ago's $0.21 per share to $0.05 per share. Both companies report before the markets open, the former on Tuesday and the latter on Thursday.
On Wednesday, Green Mountain Coffee Roasters (NASDAQ: GMCR) is scheduled to report after after the closing bell, while Whole Foods Market (NASDAQ: WFM) shares its results Tuesday after the markets close. They both are projected to report per-share earnings of $0.73. That would be up more than 12 percent, relative to a year ago in both cases. Green Mountain revenue is expected to be up more than 15 percent year-over-year to $1.02 billion, while that of Whole Foods slipped less than two percent to $1.64 billion for its fiscal second quarter.
Mondelez International (NYSE: MDLZ), the former Kraft Foods, is predicted to report a year-over-year EPS decline of more than 40 percent to $0.34 after the opening bell Tuesday. And its revenue is expected to be more than 33 percent lower to $8.68 billion. Also on Tuesday, Molson Coors Brewing (NYSE: TAP) is expected to report first-quarter EPS of $0.34 and revenues of $854.16 million. That compares with $0.47 per share on $691.40 million in sales a year ago.
Also look for first-quarter reports this week from petroleum players Anadarko Petroleum (NYSE: APC), Apache (NYSE: APA) and Marathon Oil (NYSE: MRO). Anadarko's forecast: $0.94 per share on $3.49 billion, up from $0.92 per share and $3.45 billion in the year-ago quarter. For Apache: EPS down more than 26 percent year-over-year to $2.21 and revenue about five percent lower to $4.31 billion And Marathon Oil: EPS of $0.72 and sales of $4.25 billion, compared to $0.67 and $4.04 billion a year ago.
Strong year-over-year EPS and revenue growth is expected from First Solar (NASDAQ: FSLR), which is scheduled to report Monday after the markets close. The consensus estimates call for $0.75 EPS on $725.26 million, compared with a new loss of $0.08 per share and revenue of $497.06 million in last year's first quarter.
Wednesday morning, AOL (NYSE: AOL), is expected to report that its EPS came to $0.35 in the first quarter, while revenues totaled $537.15 million. That would be up from $0.22 per share and $529.40 million in the same period of last year.
The first-quarter forecast for Priceline.com (NASDAQ: PCLN) calls for EPS to come in more than 18 percent higher year-over-year to $0.52. Revenue is expected to total $1.28 billion, which would be an almost 23 percent gain. Priceline.com reports late Thursday.
Early Tuesday, Electronic Arts (NASDAQ: EA) is expected to report that its EPS came to $0.58, while revenue was $1.04 billion for its fiscal fourth quarter. That would be up from a $0.17 per share and sales of $977.00 million in the year-ago period.
Other companies that analysts believe will report year-over-year earnings growth this week include Activision Blizzard (NASDAQ: ATVI), Apollo Global Management (NYSE: APO), Cognizant Technology Solutions (NASDAQ: CTSH), Cooper Tire & Rubber (NYSE: CTB), DaVita HealthCare Partners (NYSE: DVA), Fossil (NASDAQ: FOSL), McKesson (NYSE: MCK), Precision Castparts (NYSE: PCP), Tesla Motors (NASDAQ: TSLA) and Transocean (NYSE: RIG).
The following week, the big retailers begin to step into the earnings spotlight, with reports due from Kohl's (NYSE: KSS), Macy's (NYSE: M), Nordstorm (NYSE: JWN) and Walmart (NYSE: WMT). Also look for quarterly results from Cisco Systems (NASDAQ: CSCO) and Deere (NYSE: DE).
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