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Earnings Preview for Aug 31 - Sep 4
With just 51 companies scheduled to report, economic news will be at the forefront. The only S&P 500 members on the earnings calendar are Brown Forman (BF.B - Snapshot Report) and Ciena (CIEN - Analyst Report)
The economic calendar is pretty packed with the August ISM surveys, August employment data and minutes from the last Fed meeting all scheduled to be released. Adding to the potential volatility will be light volume, particularly on Friday afternoon as many traders leave early for the holiday.
- Monday: August Chicago PMI
- Tuesday: August ISM manufacturing index, August auto sales, July construction spending, July pending home sales
- Wednesday: August ADP employment survey, August Fed minutes, July factory orders, revised Q2 productivity, weekly crude inventories, weekly mortgage applications
- Thursday: August ISM services index, weekly initial jobless claims, weekly natural gas inventories
- Friday: August unemployment rate and nonfarm payrolls
No Fed officials are scheduled to speak.
The U.S. financial markets will be closed on Monday, Sep 7 in observance of Labor Day.
Volume is likely to stay light throughout the week and get even lighter on Friday afternoon. Overall, the bullish trend is continuing, though given the Dow's recent winning streak, some profit-taking is likely to occur. Nonetheless, the fast money remains in charge.
Companies That Could Issue Positive Earnings Surprises
ADC Telecom (ADCT - Analyst Report) recently raised its third-quarter guidance. The company now anticipates that non-GAAP profits totaled between 11 and 16 cents per share. Positive revisions by 8 covering analysts pushed the Zacks Consensus Estimate 5 cents higher to 13 cents per share. The most accurate estimate is a penny higher at 14 cents per share. ADCT has beat twice and matched expectations twice during the past 4 quarters. ADC Telecom is scheduled to report on Tuesday, Sep 1, after the close of trading.
Companies That Could Issue Negative Earnings Surprises
Zale Corporation (ZLC - Snapshot Report) has disappointed investors for 3 consecutive quarters with earnings missing expectations by an average margin of 39 cents share. Ahead of the company's fiscal fourth-quarter report, nearly all of the covering analysts have lowered their projections. The Zacks Consensus calls for a loss of 77 cents per share, 5 cents worse than the average forecast of a month ago. The most accurate estimate is more bearish at 87 cents per share. Zale is scheduled to report on Wednesday, Sep 2, 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 31 - Sep 4. Prices are as of Thursday's, Aug 27, market close.
| Company | Stock | Zacks Estimate | Year Ago EPS | Last Qtr Surprise | Date | Time | Price |
| China Mass-Adr | CMM - Snapshot Report | $0.14 | $0.09 | 48.0% | 8/31 | BTO | $4.65 |
| Culp Inc | CFI - Snapshot Report | $0.12 | $0.08 | 16.7% | 8/31 | AMC | $5.37 |
| Sina Corp | SINA - Analyst Report | $0.24 | $0.43 | 12.5% | 8/31 | AMC | $31.08 |
| Adc Telecomm | ADCT - Analyst Report | $0.13 | $0.27 | 0.0% | 9/1 | AMC | $8.93 |
| Americas Car-Mt | CRMT - Snapshot Report | $0.41 | $0.45 | 13.2% | 9/1 | BTO | $20.80 |
| Appld Signal | APSG - Snapshot Report | $0.25 | $0.15 | 55.0% | 9/1 | AMC | $24.11 |
| Bofi Hldg Inc | BOFI | N/A | $0.20 | N/A | 9/1 | N/A | $7.14 |
| China Med Tech | CMED - Snapshot Report | $0.50 | $0.53 | 42.9% | 9/1 | BTO | $15.69 |
| Donaldson Co | DCI - Snapshot Report | $0.30 | $0.60 | 33.3% | 9/1 | AMC | $39.04 |
| Edap Tms Sa-Adr | EDAP | ($0.22) | ($0.35) | (30.0%) | 9/1 | BTO | $4.04 |
| Imergent Inc | IIG | N/A | $0.05 | N/A | 9/1 | N/A | $6.93 |
| Pike Electric | PIKE - Snapshot Report | $0.07 | $0.19 | 127.3% | 9/1 | AMC | $11.41 |
| Plato Learning | TUTR - Snapshot Report | $0.00 | ($0.05) | 111.1% | 9/1 | BTO | $4.17 |
| Seachange Intl | SEAC - Snapshot Report | $0.06 | $0.05 | 0.0% | 9/1 | AMC | $9.52 |
| Take-Two Inter | TTWO - Snapshot Report | ($0.78) | $0.76 | 47.6% | 9/1 | AMC | $10.87 |
| Verifone Hldgs | PAY - Analyst Report | $0.13 | $0.28 | 9.1% | 9/1 | AMC | $11.06 |
| Abm Industries | ABM - Analyst Report | $0.34 | $0.32 | 14.3% | 9/2 | AMC | $22.76 |
| Adept Tech Inc | ADEP | N/A | $0.10 | (750.0%) | 9/2 | N/A | $2.56 |
| Amer Software A | AMSWA - Snapshot Report | $0.05 | $0.03 | 20.0% | 9/2 | N/A | $6.28 |
| Bio Refernc Lab | BRLI - Snapshot Report | $0.38 | $0.34 | 17.9% | 9/2 | BTO | $32.91 |
| Blyth Inc | BTH - Snapshot Report | $0.34 | $0.36 | (42.6%) | 9/2 | BTO | $47.90 |
| Brown Forman B | BF.B - Snapshot Report | $0.63 | $0.69 | 18.4% | 9/2 | BTO | $44.23 |
| Casella Waste | CWST - Snapshot Report | ($0.02) | $0.08 | 50.0% | 9/2 | AMC | $2.75 |
| Collective Brnd | PSS - Snapshot Report | $0.29 | $0.54 | 28.3% | 9/2 | AMC | $15.60 |
| Greif Bros-Cl A | GEF - Snapshot Report | $0.86 | $1.18 | 3.9% | 9/2 | AMC | $51.57 |
| Greif Bros-Cl B | GEF.B | N/A | $1.78 | N/A | 9/2 | AMC | $46.97 |
| Joy Global Inc | JOYG - Analyst Report | $0.96 | $0.86 | 33.0% | 9/2 | BTO | $39.52 |
| Martek Bioscs | MATK - Snapshot Report | $0.26 | $0.28 | 13.8% | 9/2 | AMC | $25.29 |
| Oxford Inds Inc | OXM - Snapshot Report | $0.06 | $0.43 | 68.0% | 9/2 | AMC | $14.77 |
| Quanex Bldg Prd | NX - Snapshot Report | $0.00 | $0.32 | (111.1%) | 9/2 | AMC | $13.83 |
| Saic Inc | SAI - Snapshot Report | $0.30 | $0.27 | 7.4% | 9/2 | AMC | $18.46 |
| Synovis Lif Tec | SYNO - Snapshot Report | $0.17 | $0.14 | 38.5% | 9/2 | BTO | $15.96 |
| Zale Corp New | ZLC - Snapshot Report | ($0.77) | ($0.48) | -57.41% | 9/2 | BTO | $6.45 |
| Animal Hlth Int | AHII - Snapshot Report | $0.05 | $0.11 | (109.1%) | 9/3 | BTO | $2.05 |
| Arcsight Inc | ARST - Snapshot Report | $0.03 | ($0.04) | 85.7% | 9/3 | AMC | $18.19 |
| Cascade Corp | CASC - Snapshot Report | ($0.51) | $0.94 | (1057.1%) | 9/3 | AMC | $26.52 |
| Ciena Corp | CIEN - Analyst Report | ($0.21) | $0.29 | (137.5%) | 9/3 | BTO | $13.44 |
| Cooper Cos | COO - Snapshot Report | $0.62 | $0.67 | 27.1% | 9/3 | AMC | $28.67 |
| Del Monte Foods | DLM - Analyst Report | $0.03 | ($0.04) | 34.6% | 9/3 | BTO | $10.51 |
| Esterline | ESL - Snapshot Report | $0.90 | $0.68 | (9.6%) | 9/3 | AMC | $31.41 |
| G-Iii Apparel | GIII - Snapshot Report | ($0.26) | ($0.23) | 19.6% | 9/3 | AMC | $14.85 |
| Jackson Hewitt | JTX - Snapshot Report | ($0.69) | ($0.69) | (0.6%) | 9/3 | BTO | $6.18 |
| Krispy Kreme | KKD - Snapshot Report | N/A | ($0.03) | (1000.0%) | 9/3 | N/A | $3.07 |
| Layne Christens | LAYN - Snapshot Report | $0.12 | $0.78 | (135.3%) | 9/3 | BTO | $26.95 |
| Methode Elect-A | MEI - Snapshot Report | ($0.24) | $0.27 | 37.5% | 9/3 | BTO | $8.94 |
| Movado Grp Inc | MOV - Snapshot Report | ($0.23) | $0.39 | 22.9% | 9/3 | BTO | $13.36 |
| Quiksilver Inc | ZQK - Snapshot Report | $0.04 | $0.22 | 25.0% | 9/3 | AMC | $2.84 |
| Shanda Interact | SNDA - Snapshot Report | $0.82 | $0.56 | 8.3% | 9/3 | AMC | $50.42 |
| Uti Worldwide | UTIW - Snapshot Report | $0.18 | $0.28 | (28.6%) | 9/3 | BTO | $12.79 |
| Ata Inc-Adr | ATAI - Snapshot Report | $0.08 | $0.08 | 57.1% | 9/4 | N/A | $7.25 |
| Barry R G Corp | GCFB - Snapshot Report | $0.00 | ($0.01) | 0.0% | 9/4 | BTO | $8.60 |
BTO = Before The Market Open, AMC = After The Market Close
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| Market Summary | Nov 22, 2009 05:11 am ET |
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