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Earnings Preview for June 1 - 5
Ciena (CIEN - Analyst Report) is the only S&P 500 (SPX) member reporting this week. Forecasts call for the company to have lost 15 cents per share last quarter.
Joining CIEN will be 73 other companies.
The light earnings calendar will make way for a fairly packed economic schedule. We'll get the latest ISM surveys, more housing data and May employment numbers.
- Monday: May ISM manufacturing survey, April construction spending, April personal income and spending
- Tuesday: April pending home sales, May auto sales
- Wednesday: ISM services index, May ADP employment survey, April factory orders, weekly crude inventories
- Thursday: Revised Q1 productivity, weekly initial jobless claims
- Friday: May unemployment and nonfarm payrolls, April consumer credit
Fed Chairman Ben Bernanke will testify before the House Budget Committee on Wednesday morning. On Thursday, he'll give the welcoming remarks to a Journal on Money, Credit, and Banking Conference.
According to Bloomberg, New York Fed President William Dudley will speak to a SIFMA conference on Thursday.
General Motors (GM) will file for bankruptcy. The process appears to be going smoothly overall, but a deal is never done until it's done.
Volume has been light and I don't see a reason for this week to be any different. Keep an eye on both bond and commodity prices.
Companies That Could Issue Positive Earnings Surprises
Shanda Interactive (SNDA - Snapshot Report) beat forecasts by an average margin of 8 cents per share during the past 4 quarters. A recent revision by 1 of the covering analysts nudged the consensus earnings estimate a penny higher to 72 cents per share. The most accurate estimate is slightly more bullish at 73 cents per share. The Chinese gaming company has been a strong performer this year, so SNDA will need to deliver good results. Shanda Interactive is scheduled to report on Wednesday, Jun 3, after the close of trading.
Companies That Could Issue Negative Earnings Surprises
Layne Christensen (LAYN - Snapshot Report) has disappointed investors for 2 consecutive quarters. One of the 8 covering analysts recently cut his fiscal first-quarter profit forecast, causing the consensus estimate to fall a penny to 17 cents per share. Layne Christensen is scheduled to report on Tuesday, Jun 2, 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 June 1 - 51. Prices are as of Thursday's, May 28, market close.
| Company | Stock | Zacks Estimate | Year Ago EPS | Last Qtr Surprise | Date | Time | Price |
| Apollo Inv Cp | AINV - Snapshot Report | $0.35 | $0.37 | 2.8% | 6/1 | AMC | $5.62 |
| Gladstone Inves | GAIN - Snapshot Report | $0.16 | $0.21 | 28.6% | 6/1 | AMC | $3.88 |
| Immucor | BLUD - Analyst Report | $0.23 | $0.26 | 22.7% | 6/1 | AMC | $14.30 |
| Lions Gate Etmt | LGF - Analyst Report | ($0.10) | $0.28 | (211.1%) | 6/1 | AMC | $5.60 |
| Navarre Corp | NAVR - Snapshot Report | $0.00 | $0.03 | (272.7%) | 6/1 | AMC | $0.79 |
| Omega Navigat-A | ONAV - Snapshot Report | $0.34 | $0.26 | 5.6% | 6/1 | AMC | $4.26 |
| Plato Learning | TUTR - Snapshot Report | ($0.09) | ($0.20) | 107.7% | 6/1 | N/A | $3.00 |
| Air T Inc | AIRT | N/A | $0.55 | N/A | 6/2 | N/A | $8.75 |
| Alloy Inc | ALOY | N/A | ($0.12) | N/A | 6/2 | AMC | $5.29 |
| Appld Signal | APSG - Snapshot Report | $0.20 | $0.16 | 80.0% | 6/2 | AMC | $20.40 |
| Aries Maritime | RAMS - Snapshot Report | ($0.17) | N/A | (220.0%) | 6/2 | BTO | $0.66 |
| Bob Evans Farms | BOBE - Snapshot Report | $0.39 | $0.51 | 11.1% | 6/2 | AMC | $25.20 |
| Daktronics Inc | DAKT - Snapshot Report | $0.09 | $0.14 | (9.1%) | 6/2 | BTO | $8.44 |
| Finl Fed Corp | FIF - Analyst Report | $0.41 | $0.51 | 2.2% | 6/2 | AMC | $24.14 |
| Hhgregg Inc | HGG - Analyst Report | $0.41 | $0.32 | 30.0% | 6/2 | BTO | $16.98 |
| Hovnanian Entrp | HOV - Snapshot Report | ($1.26) | ($5.29) | (55.8%) | 6/2 | AMC | $2.69 |
| Layne Christens | LAYN - Snapshot Report | $0.17 | $0.55 | (37.5%) | 6/2 | BTO | $20.81 |
| Lululemon Athlt | LULU - Snapshot Report | $0.08 | $0.12 | 33.3% | 6/2 | AMC | $11.99 |
| Mitcham Inds | MIND - Snapshot Report | $0.05 | $0.41 | 0.0% | 6/2 | AMC | $5.09 |
| Modine Manufact | MOD - Snapshot Report | ($0.82) | ($0.30) | 68.4% | 6/2 | N/A | $4.33 |
| New Frontier | NOOF - Snapshot Report | $0.04 | $0.08 | 42.9% | 6/2 | BTO | $2.12 |
| Shanda Interact | SNDA - Snapshot Report | $0.72 | $0.56 | 5.9% | 6/2 | AMC | $55.00 |
| Utd Natural Fds | UNFI - Analyst Report | $0.34 | $0.30 | 3.1% | 6/2 | BTO | $22.35 |
| Verifone Hldgs | PAY - Analyst Report | $0.10 | ($0.21) | 0.0% | 6/2 | AMC | $7.20 |
| Adc Telecomm | ADCT - Analyst Report | $0.00 | $0.34 | 46.2% | 6/3 | AMC | $6.99 |
| Amerco Inc | UHAL - Analyst Report | ($1.85) | ($0.85) | (35.2%) | 6/3 | AMC | $36.62 |
| Collective Brnd | PSS - Snapshot Report | $0.45 | $0.71 | (34.2%) | 6/3 | AMC | $14.35 |
| Comtech Telecom | CMTL - Snapshot Report | $0.22 | $0.70 | 4.6% | 6/3 | AMC | $28.40 |
| Copart Inc | CPRT - Snapshot Report | $0.48 | $0.52 | (5.4%) | 6/3 | AMC | $30.74 |
| Cyberonics Inc | CYBX - Analyst Report | $0.19 | $0.04 | 50.0% | 6/3 | AMC | $13.99 |
| Dynamex Inc | DDMX - Snapshot Report | $0.18 | $0.37 | 20.0% | 6/3 | AMC | $16.86 |
| Greif Bros-Cl A | GEF - Snapshot Report | $0.51 | $0.92 | 8.6% | 6/3 | AMC | $47.06 |
| Guess Inc | GES - Analyst Report | $0.28 | $0.51 | 28.9% | 6/3 | AMC | $24.70 |
| Joy Global Inc | JOYG - Analyst Report | $0.88 | $0.86 | 9.2% | 6/3 | BTO | $33.09 |
| Ltx-Credence Cp | LTXC - Snapshot Report | ($0.22) | $0.03 | (9.5%) | 6/3 | AMC | $0.53 |
| Martek Bioscs | MATK - Snapshot Report | $0.29 | $0.28 | 0.0% | 6/3 | AMC | $20.73 |
| Saic Inc | SAI - Snapshot Report | $0.27 | $0.25 | 7.1% | 6/3 | AMC | $17.40 |
| Sekisui Hse Ltd | SKHSY | N/A | ($0.16) | N/A | 6/3 | N/A | $9.57 |
| Thor Inds Inc | THO - Snapshot Report | $0.03 | $0.50 | (42.1%) | 6/3 | N/A | $20.09 |
| Toll Brothers | TOL - Snapshot Report | ($0.40) | ($0.59) | (17.0%) | 6/3 | BTO | $17.44 |
| Tongjitang Chin | TCM - Snapshot Report | $0.01 | $0.05 | 50.0% | 6/3 | BTO | $3.92 |
| Williams-Sonoma | WSM - Snapshot Report | ($0.21) | $0.05 | 93.8% | 6/3 | BTO | $12.53 |
| Abm Industries | ABM - Analyst Report | $0.27 | $0.26 | 25.0% | 6/4 | AMC | 16.05999 |
| Analogic Corp | ALOG - Snapshot Report | $0.36 | $0.54 | 10.0% | 6/4 | BTO | $36.45 |
| Bio Refernc Lab | BRLI - Snapshot Report | $0.28 | $0.25 | 11.8% | 6/4 | BTO | $26.89 |
| Blyth Inc | BTH - Snapshot Report | $0.47 | $0.72 | (24.2%) | 6/4 | BTO | $34.89 |
| C&D Tech Inc | CHP - Snapshot Report | ($0.15) | $0.02 | (1600.0%) | 6/4 | AMC | $1.77 |
| Cantel Med Corp | CMN - Snapshot Report | $0.21 | $0.15 | 21.0% | 6/4 | BTO | $13.36 |
| Cascade Corp | CAE - Snapshot Report | $0.07 | $0.98 | (73.0%) | 6/4 | AMC | $27.38 |
| Ciena Corp | CIEN - Analyst Report | ($0.15) | $0.32 | 30.8% | 6/4 | BTO | $10.81 |
| Conns Inc | CONN - Snapshot Report | $0.43 | $0.56 | 15.0% | 6/4 | BTO | $11.15 |
| Cooper Cos | COO - Snapshot Report | $0.48 | $0.49 | 42.5% | 6/4 | AMC | $25.94 |
| Corvel Corp | CRVL - Snapshot Report | N/A | $0.44 | N/A | 6/4 | N/A | $20.82 |
| Cra Intl Inc | CRAI - Analyst Report | $0.30 | $0.48 | (48.7%) | 6/4 | BTO | $25.82 |
| Dyncorp Intl-A | DCP - Snapshot Report | $0.30 | $0.17 | 3.0% | 6/4 | AMC | $14.43 |
| Focus Media Hld | FMCN - Snapshot Report | $0.00 | $0.30 | (23.7%) | 6/4 | AMC | $8.44 |
| G-Iii Apparel | GIII - Snapshot Report | ($0.50) | ($0.42) | (283.3%) | 6/4 | AMC | $6.78 |
| Harry Winston | HWD - Snapshot Report | ($0.38) | $0.35 | (26.9%) | 6/4 | BTO | $6.65 |
| Jos A Bank Clth | JOSB - Snapshot Report | $0.58 | $0.53 | 9.9% | 6/4 | BTO | $37.19 |
| Medical Action | MDCI - Snapshot Report | $0.05 | $0.17 | (83.3%) | 6/4 | BTO | $9.96 |
| Navisite Inc | NAVI - Snapshot Report | ($0.11) | ($0.07) | (12.5%) | 6/4 | N/A | $0.65 |
| Quiksilver Inc | ZQK - Snapshot Report | $0.04 | $0.30 | 22.2% | 6/4 | AMC | $2.60 |
| Seachange Intl | SEAC - Snapshot Report | $0.03 | $0.01 | 22.2% | 6/4 | AMC | $7.13 |
| Signet Grp Plc | SIG - Analyst Report | $0.22 | $0.14 | 0.9% | 6/4 | N/A | $17.90 |
| Ulta Salon Cosm | ULTA - Snapshot Report | $0.05 | $0.08 | 10.5% | 6/4 | AMC | $8.40 |
| Uroplasty Inc | UPI | N/A | ($0.05) | N/A | 6/4 | AMC | $0.96 |
| Uti Worldwide | UTIW - Snapshot Report | $0.14 | $0.18 | (37.5%) | 6/4 | BTO | $12.40 |
| Vail Resorts | MTN - Snapshot Report | $1.55 | $2.24 | 26.9% | 6/4 | BTO | $27.17 |
| Valence Tech | VLNC - Snapshot Report | ($0.04) | ($0.04) | 0.0% | 6/4 | AMC | $1.81 |
| Wind River Sys | WIND | ($0.01) | $0.04 | 14.29% | 6/4 | AMC | $7.74 |
| Agilysys Inc | AGYS - Analyst Report | $0.01 | ($0.04) | (400.0%) | 6/5 | BTO | $7.32 |
| Amer Woodmark | AMWD - Snapshot Report | ($0.05) | $0.00 | 100.0% | 6/5 | BTO | $19.56 |
| Exide Tech | XIDE - Snapshot Report | ($0.21) | $0.35 | (14.8%) | 6/5 | N/A | $6.12 |
| Oil Dri Corp Am | ODC | N/A | $0.28 | N/A | 6/5 | AMC | $16.43 |
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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| Market Summary | Nov 26, 2009 12:57 pm ET |
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