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Earnings Preview

Earnings Preview for Aug 24 - 28

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August 21, 2009 | Comment(s): 0
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NOVL | MDT | ENER | BIG | SPLS | DLTR | MRVL | DELL | TIF
Dell (DELL - Analyst Report) will release its results on Thursday, after the close, as second-quarter earnings season nears an end. The technology company is projected to have earned 23 cents per share.

Joining Dell will be fellow S&P 500 members Big Lots (BIG - Analyst Report), Medtronic (MDT - Analyst Report), Novell (NOVL), Staples (SPLS - Analyst Report) and Tiffany & Co. (TIF - Analyst Report). A total of 76 companies are confirmed to release results.

Given the surprisingly strong July existing home sales report, all eyes will be on Wednesday's new home sales report. Specifically, economists will want to see that new home sales also rose for a fourth consecutive month.

  • Tuesday: August Conference Board consumer confidence, June S&P/Case-Shiller Home Price Index
  • Wednesday: July durable goods orders, July new home sales, weekly crude inventories
  • Thursday: Preliminary second-quarter GDP, weekly initial jobless claims
  • Friday: July personal income and spending, revised August University of Michigan consumer confidence

Atlanta Federal Reserve Bank President Dennis Lockhart will talk to the Chattanooga Area Chamber of Commerce on Wednesday. On Thursday, St. Louis Federal Reserve Bank President James Bullard will speak to MBA students at the University of Arkansas.

The markets are clearly climbing the wall of worry. Though the tailwind from second-quarter earnings has weakened, the markets are still finding upward momentum. At the same time, oil is hitting new highs. It's difficult to make an argument for fighting the trend, though I do worry about how long this rally can last.

Companies That Could Issue Positive Earnings Surprises

Same-store sales for Dollar Tree, Inc. (DLTR - Snapshot Report) surged by 6.8% last month. In response, the majority of the covering brokerage analysts raised their second-quarter profit forecasts, pushing the Zacks Consensus Estimate up 3 cents to 54 cents per share. Given that DLTR has topped expectations for 7 consecutive quarters, another positive surprise could be forthcoming. Dollar Tree is scheduled to report on Wednesday, Aug 26, before the start of trading,

Marvell Technology Group (MRVL - Snapshot Report) has topped expectations over the last 4 quarters by an average margin of 3 cents per share. Ahead of the company's fiscal second-quarter results, 2 of the covering brokerage analysts raised their profit projections. Though the changes did not move the Zacks Consensus Estimate from its current level of 9 cents per share, they did contribute to a more bullish most accurate estimate of 11 cents per share. Marvell Technology is scheduled to report on Thursday, Aug 27, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

During the past few weeks, fiscal fourth-quarter projections on Energy Conversion Devices (ENER) have been cut. The negative revision caused the Zacks Consensus Estimate to worsen by a penny to a loss of 5 cents per share. The most accurate estimate is even more bearish at a loss of 12 cents per share. Given that ENER missed expectations last quarter, the negative revisions signal that another disappointment could occur. Energy Conversion Devices is scheduled to report on Thursday, Aug 27, before the start 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 Aug 24 - 28. Prices are as of Thursday's, Aug 20, market close.

Company Stock Zacks
Estimate
Year Ago
EPS
Last
Qtr
Surprise
Date Time Price
Accuray Inc ARAY - Analyst Report $0.03 $0.00 150.0% 8/24 AMC $7.27
China Nepstar NPD - Snapshot Report $0.05 $0.08 (20.0%) 8/24 BTO $6.55
Noah Education NED - Snapshot Report $0.04 $0.12 16.7% 8/24 N/A $4.88
Vimicro Int-Ads VIMC - Snapshot Report ($0.12) ($0.03) (50.0%) 8/24 N/A $2.92
Winn-Dixie Strs WINN $0.18 ($0.10) 158.33% 8/24 AMC $14.90
Amer Woodmark AMWD - Snapshot Report ($0.07) $0.01 540.0% 8/25 BTO $24.26
Bank Montreal BMO - Snapshot Report $0.89 $0.97 12.7% 8/25 N/A $46.42
Big Lots Inc BIG - Analyst Report $0.31 $0.32 10.0% 8/25 BTO $23.00
Blue Coat Sys BCSI $0.14 $0.11 (42.9%) 8/25 AMC $17.57
Borders Group BGP ($0.16) ($0.18) 46.0% 8/25 BTO $3.57
Burger King Hld BKC $0.33 $0.37 0.0% 8/25 BTO $17.39
Casual Male Ret CMRG - Snapshot Report $0.04 $0.05 133.3% 8/25 N/A $2.25
Chicos Fas Fnc CHS - Snapshot Report $0.10 $0.04 57.1% 8/25 BTO $11.87
Corinthian Col COCO - Snapshot Report $0.24 $0.11 26.1% 8/25 BTO $16.61
Daktronics Inc DAKT - Snapshot Report $0.01 $0.24 (88.9%) 8/25 BTO $9.17
Dycom Inds DY - Snapshot Report $0.15 $0.23 160.0% 8/25 AMC $13.99
Hain Celestial HAIN - Analyst Report $0.31 $0.30 (8.8%) 8/25 AMC $18.00
Intl Rectifier IRF - Snapshot Report ($0.27) ($0.25) (50.0%) 8/25 AMC $17.31
Linktone Ltd LTON - Analyst Report $0.01 ($0.11) 100.0% 8/25 AMC $2.10
Medtronic MDT - Analyst Report $0.78 $0.72 0.0% 8/25 BTO $37.63
Myriad Genetics MYGN - Analyst Report $0.23 $0.70 8.7% 8/25 AMC $25.21
On Track Innov OTIV - Snapshot Report ($0.13) ($0.29) (6.7%) 8/25 BTO $1.44
Sanderson Farms SAFM - Snapshot Report $1.79 ($0.09) 119.0% 8/25 BTO $39.43
Staples Inc SPLS - Analyst Report $0.16 $0.21 4.8% 8/25 BTO $21.69
Tti Team Tele TTIL $0.01 $0.01 150.0% 8/25 N/A $0.87
Tuesday Morning TUES - Snapshot Report ($0.05) ($0.06) 5.9% 8/25 BTO $3.95
Urologix Inc ULGX - Snapshot Report ($0.09) ($0.16) (14.3%) 8/25 AMC $1.24
Brown Shoe Co BWS - Snapshot Report ($0.08) $0.05 56.3% 8/26 BTO $7.64
Cdn Impl Bk CM - Snapshot Report $1.19 $1.61 3.5% 8/26 N/A $60.75
Charming Shoppe CHRS - Snapshot Report $0.00 $0.05 114.3% 8/26 BTO $5.51
Cninsure In-Adr CISG - Snapshot Report $0.17 $0.19 7.1% 8/26 AMC $17.54
Coldwater Creek CWTR - Snapshot Report ($0.04) $0.03 42.9% 8/26 AMC $6.78
Concurrent New CCUR - Snapshot Report $0.15 ($0.12) 100.0% 8/26 BTO $4.92
Dollar Tree Inc DLTR - Snapshot Report $0.54 $0.42 11.9% 8/26 BTO $44.69
Dsw Inc Cl-A DSW - Snapshot Report $0.10 $0.25 21.4% 8/26 BTO $13.51
Guess Inc GES - Analyst Report $0.43 $0.57 20.7% 8/26 AMC $30.16
Heico Corp HEI - Snapshot Report $0.41 $0.47 (4.9%) 8/26 AMC $37.46
Jo-Ann Stores A JAS ($0.39) ($0.47) 172.7% 8/26 AMC $24.11
Kirklands Inc KIRK - Analyst Report $0.01 ($0.09) 288.9% 8/26 BTO $11.99
New York & Co NWY - Snapshot Report ($0.08) $0.14 0.0% 8/26 BTO $4.27
Sigma Designs SIGM - Snapshot Report $0.22 $0.35 (7.1%) 8/26 AMC $16.67
Sws Group Inc SWS - Snapshot Report $0.21 $0.27 7.1% 8/26 AMC $14.28
Tivo Inc TIVO - Analyst Report ($0.05) $0.03 20.0% 8/26 AMC $9.90
Williams-Sonoma WSM - Snapshot Report ($0.09) $0.08 33.3% 8/26 BTO $14.90
Amer Eagle Outf AEO - Analyst Report $0.15 $0.29 14.3% 8/27 BTO $14.17
A-Power Energy APWR - Snapshot Report $0.22 $0.20 (69.2%) 8/27 BTO $9.59
Aruba Networks ARUN - Snapshot Report ($0.05) ($0.07) 14.3% 8/27 AMC $8.29
Bebe Stores Inc BEBE - Snapshot Report $0.01 $0.18 50.0% 8/27 AMC $6.71
China Sunergy CSUN - Snapshot Report ($0.08) $0.08 (30.8%) 8/27 BTO $4.48
Chunghwa Telecm CHT - Analyst Report $0.29 $0.36 0.0% 8/27 N/A $17.04
Conns Inc CONN - Snapshot Report $0.34 $0.41 0.0% 8/27 BTO $12.99
Cost Plus Inc CPWM - Snapshot Report ($0.88) ($1.14) (16.7%) 8/27 AMC $1.84
Delias Inc DLIA - Snapshot Report ($0.17) ($0.16) 14.3% 8/27 BTO $2.65
Dell Inc DELL - Analyst Report $0.23 $0.33 4.3% 8/27 AMC $14.55
Dollar Finl Cp DLLR - Analyst Report $0.32 $0.59 14.3% 8/27 AMC $15.51
Energy Conv Dev ENER ($0.05) N/A (16.7%) 8/27 BTO $12.71
Freds Inc FRED - Analyst Report $0.13 $0.10 5.0% 8/27 BTO $13.00
La Barge LB $0.19 $0.28 71.4% 8/27 BTO $9.70
Magma Design LAVA ($0.11) ($0.06) 70.0% 8/27 AMC $1.44
Marvell Tech Gp MRVL - Snapshot Report $0.09 $0.17 100.0% 8/27 AMC $14.01
Micros Sys MCRS - Analyst Report $0.29 $0.37 16.0% 8/27 AMC $28.06
Net 1 Ueps Tech UEPS - Snapshot Report $0.36 $0.38 50.0% 8/27 AMC $17.50
Netezza Corp NZ $0.02 $0.05 (100.0%) 8/27 AMC $9.93
Novell Inc NOVL $0.06 $0.05 50.0% 8/27 AMC $4.57
Omnivision Tech OVTI - Analyst Report ($0.23) $0.12 11.1% 8/27 AMC $12.54
Osi Systems Inc OSIS - Snapshot Report $0.28 $0.36 20.0% 8/27 BTO $20.25
Royal Bank Cda RY - Snapshot Report $0.82 $0.92 (26.3%) 8/27 N/A $47.02
Shoe Carnival SCVL - Snapshot Report $0.02 $0.08 22.2% 8/27 BTO $12.89
Solera Holdings SLH - Snapshot Report $0.38 $0.33 5.3% 8/27 AMC $25.03
Telvent Git Sa TLVT $0.19 $0.20 41.4% 8/27 AMC $23.65
The9 Ltd-Adr NCTY - Snapshot Report $0.44 $0.61 (26.5%) 8/27 AMC $8.55
Toll Brothers TOL - Snapshot Report ($1.22) ($0.18) 92.5% 8/27 BTO $21.90
Toronto Dom Bnk TD - Snapshot Report $1.06 $1.32 3.8% 8/27 N/A $58.20
Vimpel-Comm-Adr VIP - Snapshot Report $0.42 $0.46 (725.0%) 8/27 BTO $13.98
Bank Of Nova Sc BNS - Snapshot Report $0.68 $0.94 8.3% 8/28 N/A $41.28
Tiffany & Co TIF - Analyst Report $0.33 $0.63 5.3% 8/28 BTO $30.78

BTO = Before The Market Open, AMC = After The Market Close

Read the full analyst report on NOVL

Read the full analyst report on MDT

Read the full analyst report on ENER

Read the full analyst report on BIG

Read the full analyst report on SPLS

Read the full analyst report on DLTR

Read the full analyst report on MRVL

Read the full analyst report on DELL

Read the full analyst report on TIF

 

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