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Earnings Preview

Earnings Preview for Jun 29-Jul 3

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June 26, 2009 | Comment(s): 0
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APOL | GIS | STZ | HRB

This will be a holiday week with a limited number of earnings reports and low volume.

Out of the 19 companies confirmed to report, 4 are in the S&P 500: Apollo Group (APOL - Analyst Report), Constellation Brands (STZ - Analyst Report), General Mills (GIS - Analyst Report) and H&R Block (HRB - Analyst Report).

June unemployment and nonfarm payrolls data will be published a day early on Jul 2. Combined with what should be really light volume, the numbers could result in a sizeable market move on Thursday.

  • Tuesday: June Conference Board consumer confidence survey, S&P/Case-Schiller housing index, Chicago PMI
  • Wednesday: ISM manufacturing survey, ADP employment survey, May pending home sales, May construction spending, June auto sales, weekly crude inventories
  • Thursday: June unemployment and nonfarm payrolls, weekly initial jobless claims, May factory orders

No Fed officials are scheduled to speak.

The U.S. financial markets will be closed on Friday, Jul 3. The stock exchanges will operate normal hours on Thursday, Jul 2.

As stated above, this is going to be a light volume week. Any move we see on Thursday should be taken in the context that a lot people are probably going be on vacation or looking to get out of the office early.

Have a great holiday.

Companies That Could Issue Positive Earnings Surprises

Apollo Group (APOL - Analyst Report) has topped expectations during 7 out of the last 8 quarters and is currently riding a streak of 8 consecutive positive surprises. Recently, the fiscal third-quarter consensus earnings estimate has risen by a penny. Analysts now expect the education provider to have earned $1.13 per share. Apollo Group is scheduled to report on Monday, Jun 29, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

Two analysts recently cut their forecasts on H&R Block (HRB - Analyst Report). The negative revisions have pushed the fiscal fourth-quarter estimate down 3 cents to $2.07 per share. The most accurate estimate is more bearish at $2.07 per share. HRB has missed once over the past 3 quarters. H&R Block is scheduled to report on Monday, Jun 29, after the close of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Jun 29 - Jul 31. Prices are as of Thursday's, Jun 25, market close.

Company Stock Zacks
Estimate
Year Ago
EPS
Last
Qtr
Surprise
Date Time Price
Adv Photonix -A API - Snapshot Report ($0.05) ($0.13) N/A 6/29 AMC $0.62
Apollo Group APOL - Analyst Report $1.13 $0.85 20.3% 6/29 AMC $67.32
Block H & R HRB - Analyst Report $2.07 $2.11 122.2% 6/29 AMC $15.49
Exfo Electro EXFO - Snapshot Report ($0.06) $0.12 50.0% 6/30 AMC $3.33
Investors Rl Es IRET - Snapshot Report $0.21 N/A (4.6%) 6/30 AMC $8.62
Sealy Corp ZZ - Snapshot Report $0.04 $0.08 300.0% 6/30 AMC $2.04
Synnex Corp SNX - Snapshot Report $0.48 $0.56 13.5% 6/30 AMC $23.92
Transcda Corp TRP - Snapshot Report $0.39 $0.57 2.3% 6/30 N/A $27.15
Constellatn Brd STZ - Analyst Report $0.32 $0.34 (8.7%) 7/1 BTO $12.50
Demandtec Inc DMAN ($0.08) ($0.04) 233.3% 7/1 AMC $9.20
Genl Mills GIS - Analyst Report $0.80 $0.73 (9.2%) 7/1 BTO $55.95
Lindsay Corp LNN - Analyst Report $0.29 $1.15 (95.2%) 7/1 BTO $32.62
Unifirst Corp UNF - Snapshot Report $0.74 $0.87 40.3% 7/1 BTO $36.97
Acuity Brands AYI - Snapshot Report $0.57 $1.01 (20.8%) 7/2 BTO $29.02
Methode Elect-A MEI - Snapshot Report ($0.16) $0.42 (100.0%) 7/2 BTO $6.88
Msc Indl Direct MSM - Snapshot Report $0.39 $0.81 5.0% 7/2 BTO $34.53
Msci Inc-A MXB $0.24 $0.18 0.0% 7/2 N/A $24.92
Zep Inc ZEP - Snapshot Report $0.14 $0.28 87.50% 7/2 BTO $12.66

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.

Read the full analyst report on APOL

Read the full analyst report on GIS

Read the full analyst report on STZ

Read the full analyst report on HRB

 

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