For Immediate Release
Chicago, IL – April 16, 2012 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Citigroup ( (C - Analyst Report), Johnson & Johnson ( (JNJ - Analyst Report), Goldman Sachs ( (GS - Analyst Report), Intel (INTC - Analyst Report) and Yahoo (YHOO - Analyst Report). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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The Thick of Q1 Earnings Season
We are jumping right into the thick of the first quarter reporting cycle this week, with more than 250 companies coming out with results, including 89 companies from the S&P 500.
We will have representation from the who’s who of the corporate world, with a number of bellwether players on tap to come out with results. By the end of the week, we will have results from a good enough sample to judge this earnings season.
While earnings will remain the primary focus during the week, we have a number of market-moving economic releases on deck as well. We will get a sense of the consumer economy though the monthly Retail Sales numbers, while the Industrial Production report will give us a good read on the manufacturing sector. Regional manufacturing surveys from the New York and Philly Feds will provide a preview of the manufacturing ISM index. We also have a fair amount of housing data on tap, particularly Housing Starts and Existing Home sales.
We will get the March Retail Sales numbers and earnings results from Citigroup ( (C - Analyst Report) before the markets open. The Empire State manufacturing survey comes out after the markets open.
For Retail Sales, the expectations are for a 0.4% gain following February’s strong 1.1% gain. Excluding autos, retail sales are expected to have increased 0.6% vs. the 0.9% increase in February.
We will get earnings reports from Johnson & Johnson ( (JNJ - Analyst Report) and Goldman Sachs ( (GS - Analyst Report) before the open, in addition to the March Housing Starts numbers. The Industrial Production data comes out a little later, while Intel (INTC - Analyst Report) and Yahoo (YHOO - Analyst Report) report results after the close.
Housing Starts have been bouncing around the 700,000 level for a while and that’s where the expectation is. Industrial Production is expected to have increased by 0.5% in March after the flat reading in February.
Sheraz Mian is the Director of Research for Zacks.com.
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Contact: Sheraz Mian