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Intel Corporation (INTC - Analyst Report) and Crown Holdings (CCK - Snapshot Report) could top expectations. CSX Corporation (CSX - Snapshot Report) and Mattel, Inc. (MAT - Analyst Report) could disappoint.
This will be the first busy week for earnings season. Though the total number of reports is limited, just 68, nearly half will be from large-cap and mega-cap companies.
Financials will be in particular focus. Citigroup (C - Analyst Report), Goldman Sachs (GS - Analyst Report) and JPMorgan Chase (JPM - Analyst Report) will release results. General Electric (GE - Analyst Report) is also on the docket and all eyes will be on its finance division.
Outside the financial sector, reports from Intel (INTC - Analyst Report), Johnson & Johnson (JNJ - Analyst Report) and Google (GOOG - Analyst Report) could impact market direction.
The Fed will add to the potential volatility with Wednesday afternoon's release of the Beige Book. Inflation and housing data are also on the economic calendar.
- Tuesday: March Producer Price Index (PPI), March auto sales, February business inventories
- Wednesday: March Consumer Price Index (CPI), April Empire State manufacturing index, March industrial production and capacity utilization, weekly crude inventories, Fed Beige Book
- Thursday: March housing starts and building permits, April Philadelphia Fed survey, weekly initial jobless claims
- Friday: Preliminary April University of Michigan consumer confidence survey
The Federal Reserve's web site is not listing any upcoming speeches from Fed officials. The next Fed meeting will occur on Apr 28 and 29.
April stock options will expire on Friday.
How results from the financial companies are perceived could have the biggest impact on market direction. Financial stocks have been trading off of sentiment (as opposed to fundamentals or technicals), so sentiment about the quarterly reports will matter much more than the actual numbers themselves.
Companies That Could Issue Positive Earnings Surprises
Six brokerage analysts have raised their first-quarter earnings estimates on Intel Corporation (INTC - Analyst Report) within the past 30 days. Though the consensus estimate remains unchanged at 3 cents per share despite the revisions, the most accurate estimate calls for profits of 4 cents per share. Guidance could be better-than-feared given recent increases in full-year forecasts. The chipmaker has topped expectations during 3 out of the last 4 quarters. Intel is scheduled to report on Tuesday, Apr 14, after the close of trading.
Crown Holdings (CCK - Snapshot Report) has topped expectations during 6 out of the last 7 quarters. Though one analyst did recently lower his first-quarter profit projection, the consensus earnings estimate remains unchanged at 21 cents per share. There is risk, but the historic trend bodes well for another positive surprise. CCK is scheduled to report on Thursday, Apr 16, before the start of trading.
Companies That Could Issue Negative Earnings Surprises
More than half of the covering brokerage analysts have cut their first-quarter profit projections on CSX Corporation (CSX - Snapshot Report) during the past few weeks. The negative revisions have caused the consensus earnings estimate to fall 8 cents to 54 cents per share. The most accurate estimate is even more bearish at 50 cents per share. The railroad company has missed expectations once over the past 3 quarters. CSX is scheduled to report on Wednesday, Apr 15, before the start of trading.
Mattel, Inc. (MAT - Analyst Report) has missed expectations during 3 out of the last 4 quarters, and analysts are bracing for another disappointment. Negative revisions by 3 of the 15 covering brokerage analysts over the past few weeks have sent the first-quarter consensus estimate a penny lower to a loss of 13 cents per share. The most accurate estimate is more bearish and calls for a loss of 17 cents per share. Mattel is scheduled to report on Friday, Apr 17, before the start of trading.
Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.
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Earnings Calendar
Here is a list of companies that we have confirmed will report during the week of Apr 13 - 171. Prices are as of Tuesday's, Apr 7, market close.
| Company | Ticker | Zacks Consensus Estimate | Year Ago Actual | Last Qtr Surprise | Date | Time | Price |
| Bank Ozarks | OZRK - Snapshot Report | $0.52 | $0.46 | 3.8% | 4/13 | AMC | $21.46 |
| China Grenrech | GRRF - Analyst Report | ($0.23) | ($0.24) | 0.0% | 4/14 | AMC | $1.70 |
| Csx Corp | CSX - Snapshot Report | $0.54 | $0.80 | 0.0% | 4/14 | AMC | $27.81 |
| Fastenal | FAST - Analyst Report | $0.34 | $0.46 | 2.4% | 4/14 | BTO | $35.85 |
| Goldman Sachs | GS - Analyst Report | $1.35 | $3.23 | (37.7%) | 4/14 | BTO | $116.08 |
| Grainger W W | GWW - Analyst Report | $1.10 | $1.43 | 9.7% | 4/14 | BTO | $72.27 |
| Intel Corp | INTC - Analyst Report | $0.03 | $0.29 | 0.0% | 4/14 | AMC | $15.45 |
| Johnson & Johns | JNJ - Analyst Report | $1.21 | $1.26 | 2.2% | 4/14 | BTO | $51.36 |
| Linear Tec Corp | LLTC - Analyst Report | $0.22 | $0.44 | 2.9% | 4/14 | N/A | $22.34 |
| Abbott Labs | ABT - Analyst Report | $0.70 | $0.63 | 0.0% | 4/15 | BTO | $42.92 |
| Acergy Sa | ACGY - Analyst Report | $0.17 | $0.20 | 25.0% | 4/15 | BTO | $6.26 |
| Adtran Inc | ADTN - Snapshot Report | $0.23 | $0.26 | 3.6% | 4/15 | N/A | $16.89 |
| Aptargroup Inc | ATR - Snapshot Report | $0.38 | $0.52 | 4.6% | 4/15 | AMC | $31.70 |
| Crown Hldgs Inc | CCK - Snapshot Report | $0.21 | $0.17 | 29.4% | 4/15 | AMC | $21.93 |
| Datalink Corp | DTLK - Snapshot Report | ($0.06) | $0.04 | (30.0%) | 4/15 | AMC | $2.87 |
| Infosys Tec-Adr | INFY - Analyst Report | $0.55 | $0.54 | 0.0% | 4/15 | BTO | $28.19 |
| Landstar System | LSTR - Snapshot Report | $0.29 | $0.45 | (2.1%) | 4/15 | AMC | $33.59 |
| Lufkin Inds | LUFK - Snapshot Report | $1.42 | $1.01 | 25.3% | 4/15 | BTO | $37.39 |
| Mercantile Bank | MBWM - Snapshot Report | ($0.03) | ($0.44) | 300.0% | 4/15 | N/A | $5.65 |
| Peabody Energy | BTU - Analyst Report | $0.96 | $0.26 | 46.0% | 4/15 | BTO | $26.37 |
| Piper Jaffray | PJC - Snapshot Report | ($0.18) | ($0.22) | 38.6% | 4/15 | BTO | $25.54 |
| Progressive Cor | PGR - Analyst Report | $0.41 | $0.35 | (11.8%) | 4/15 | BTO | $13.57 |
| Stanley Furn Co | STLY - Snapshot Report | ($0.04) | $0.12 | (250.0%) | 4/15 | AMC | $7.84 |
| Univl Fst Prods | UFPI - Analyst Report | ($0.21) | ($0.24) | 81.8% | 4/15 | AMC | $28.40 |
| Amer River Bsh | AMRB - Snapshot Report | $0.29 | $0.31 | (3.0%) | 4/16 | BTO | $9.45 |
| Amphenol Corp-A | APH - Analyst Report | $0.40 | $0.54 | 6.0% | 4/16 | BTO | $28.90 |
| Assoc Banc Corp | ASBC - Snapshot Report | $0.25 | $0.52 | (66.7%) | 4/16 | N/A | $15.18 |
| Baxter Intl | BAX - Analyst Report | $0.81 | $0.74 | 2.3% | 4/16 | BTO | $48.32 |
| Briggs & Stratt | BGG - Snapshot Report | $0.65 | $0.75 | 50.0% | 4/16 | BTO | $16.00 |
| Courier Corp | CRRC - Snapshot Report | $0.16 | $0.27 | 100.0% | 4/16 | BTO | $16.15 |
| Cypress Semicon | CY - Analyst Report | ($0.46) | ($0.08) | 9.1% | 4/16 | BTO | $6.90 |
| Cytec Inds Inc | CYT - Snapshot Report | $0.31 | $1.08 | (23.1%) | 4/16 | AMC | $16.83 |
| Fairchild Semi | FCS - Snapshot Report | ($0.32) | $0.19 | 20.0% | 4/16 | BTO | $4.45 |
| Gannett Inc | GCI - Snapshot Report | $0.25 | $0.77 | 3.7% | 4/16 | BTO | $2.69 |
| Genuine Parts | GPC - Analyst Report | $0.50 | $0.75 | (6.8%) | 4/16 | BTO | $30.77 |
| Google Inc-Cl A | GOOG - Analyst Report | $4.24 | $4.12 | 3.5% | 4/16 | AMC | $358.65 |
| Harley-Davidson | HOG - Analyst Report | $0.52 | $0.79 | (40.4%) | 4/16 | BTO | $16.10 |
| Icu Medical Inc | ICUI - Snapshot Report | $0.30 | $0.20 | 41.9% | 4/16 | AMC | $30.89 |
| Ill Tool Works | ITW - Analyst Report | $0.15 | $0.79 | 14.9% | 4/16 | BTO | $30.71 |
| Insteel Inds | IIIN - Snapshot Report | ($0.04) | $0.39 | (23.1%) | 4/16 | BTO | $6.39 |
| Intuitive Surg | ISRG - Analyst Report | $1.06 | $1.12 | (1.6%) | 4/16 | AMC | $96.78 |
| Jpmorgan Chase | JPM - Analyst Report | $0.32 | $0.68 | (2150.0%) | 4/16 | BTO | $27.25 |
| Knoll Inc | KNL - Snapshot Report | $0.20 | $0.36 | 23.8% | 4/16 | BTO | $6.34 |
| Mission West | MSW - Snapshot Report | $0.13 | $0.14 | (14.3%) | 4/16 | N/A | $6.45 |
| Parker Hannifin | PH - Analyst Report | $0.56 | $1.49 | 12.9% | 4/16 | BTO | $36.61 |
| Peoples Utd Fin | PBCT - Snapshot Report | $0.10 | $0.15 | (15.4%) | 4/16 | AMC | $17.90 |
| Polaris Indus | PII - Snapshot Report | $0.20 | $0.55 | 1.8% | 4/16 | BTO | $23.94 |
| Ppg Inds Inc | PPG - Snapshot Report | $0.13 | $1.07 | 2.5% | 4/16 | N/A | $42.80 |
| Renaissnce Lrng | RLRN - Snapshot Report | $0.09 | $0.09 | 16.7% | 4/16 | AMC | $8.89 |
| Sherwin William | SHW - Snapshot Report | $0.21 | $0.65 | 13.2% | 4/16 | BTO | $50.83 |
| Simmons First A | SFNC - Snapshot Report | $0.34 | $0.45 | 0.0% | 4/16 | BTO | $25.68 |
| Sonoco Products | SON - Analyst Report | $0.30 | $0.54 | 0.0% | 4/16 | BTO | $21.50 |
| Southwest Air | LUV - Analyst Report | $0.04 | $0.06 | 33.3% | 4/16 | BTO | $6.75 |
| Titan Machinery | TITN - Snapshot Report | $0.21 | N/A | 95.7% | 4/16 | BTO | $10.10 |
| Ultratech Step | UTEK - Snapshot Report | $0.04 | $0.08 | 21.4% | 4/16 | BTO | $11.63 |
| Umpqua Hldgs Cp | UMPQ - Snapshot Report | $0.01 | $0.23 | (58.3%) | 4/16 | BTO | $9.16 |
| Usa Truck Inc | USAK - Snapshot Report | ($0.06) | ($0.19) | 80.0% | 4/16 | AMC | $12.81 |
| Valmont Inds | VMI - Analyst Report | $1.09 | $1.13 | 4.8% | 4/16 | N/A | $51.87 |
| Vascular Solutn | VASC - Snapshot Report | $0.06 | $0.01 | (25.0%) | 4/16 | AMC | $6.28 |
| Vertex Pharm | VRTX - Analyst Report | ($0.83) | ($0.72) | -3.26% | 4/16 | AMC | $26.23 |
| Bb&T Corp | BBT - Analyst Report | $0.33 | $0.73 | (13.7%) | 4/17 | BTO | $16.90 |
| Citigroup Inc | C - Analyst Report | ($0.29) | ($1.02) | (113.8%) | 4/17 | BTO | $2.76 |
| First Hrzn Natl | FHN - Analyst Report | ($0.24) | $0.06 | 20.6% | 4/17 | BTO | $11.05 |
| Genl Electric | GE - Analyst Report | $0.23 | $0.44 | 0.0% | 4/17 | BTO | $10.65 |
| Mattel Inc | MAT - Analyst Report | ($0.13) | ($0.13) | (31.0%) | 4/17 | BTO | $12.54 |
| Media Genl A | MEG - Snapshot Report | ($0.05) | ($0.44) | (15.2%) | 4/17 | BTO | $2.06 |
| Prosperity Bcsh | PRSP - Snapshot Report | $0.54 | $0.52 | 6.5% | 4/17 | BTO | $27.79 |
| Smith (Ao) Corp | AOS - Snapshot Report | $0.41 | $0.72 | 3.6% | 4/17 | BTO | $25.83 |
BTO = Before The Market Open, AMC = After The Market Close
1Some of the companies listed in the earnings calendar may not be in the Zacks Rank universe.
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| Symbol | Price | Net | % Change | Zacks Rank |
Zacks Rec |
| C | 3.18 | $0.03 |  0.95 % | PREMIUM | PREMIUM |
| CCK | 25.87 | $0.43 | 1.69 % | PREMIUM | PREMIUM |
| JPM | 38.39 | $0.69 | 1.83 % | PREMIUM | PREMIUM |
| CSX | 43.08 | $0.57 | 1.34 % | PREMIUM | PREMIUM |
| GE | 15.60 | $0.00 |  0.00 % | PREMIUM | PREMIUM |
| GOOG | 536.44 | $2.97 | 0.56 % | PREMIUM | PREMIUM |
| GS | 152.49 | $1.39 | 0.92 % | PREMIUM | PREMIUM |
| INTC | 19.65 | $0.30 | 1.55 % | PREMIUM | PREMIUM |
| JNJ | 62.76 | $0.39 | 0.63 % | PREMIUM | PREMIUM |
| MAT | 20.51 | $0.45 | 2.24 % | PREMIUM | PREMIUM |
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| Market Summary | Feb 09, 2010 22:24 pm ET |
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