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Apollo Group (APOL) could top expectations. Research in Motion (RIMM) could disappoint.

Only 52 companies are confirmed to report, including S&P 500 members Apollo Group (APOL), Lennar Corporation (LEN - Free Report) , Monsanto Company (MON - Free Report) and Micron Technology (MU - Free Report) .

First-quarter earnings season will "officially" start on Apr 7, when Alcoa (AA) reports. The bulk of reports won't be seen until the second-half of the month.

March employment data is due out on Friday. Keep an eye on nonfarm payrolls, forecasts have the decline holding in the 600k range for the fourth-consecutive month.

  • Tuesday: March Conference Board consumer confidence, March Chicago PMI, January CaseShiller home price index
  • Wednesday: March ISM manufacturing index, February pending home sales, February construction spending, March ADP employment data, March auto sales, weekly crude inventories
  • Thursday: February factory orders, weekly initial jobless claims
  • Friday: March unemployment and nonfarm payrolls, March ISM services index

Fed Chairman Ben Bernanke will speak at a Fed Reserve credit market symposium on Friday, Apr 3.

Vice Chairman Donald Kohn will also speak on Friday. He will discuss measures to pull the U.S. out of the recession at the College of Wooster, in Wooster, Ohio.

G20 members will meet on Thursday, Apr 20. The meeting could cause some volatility in the dollar, though a major announcement is not expected.

Treasury Secretary Tim Geithner will be making appearances on the Sunday morning talk shows on Mar 29 (Meet the Press and This Week with George Stephanopoulos); his performance could impact whether stocks and the dollar start the week on a good note or not.

The markets are overbought following the biggest 10-day rally since 1938. Continue to keep an eye on Washington for news about the banking and automobile sectors.

Companies That Could Issue Positive Earnings Surprises

Apollo Group (APOL) topped expectations during the past 3 quarters by an average margin of nearly 10 cents per share. Ahead of the company's fiscal second-quarter report, one of the covering brokerage analysts raised his forecast. Though the change did not impact the consensus earnings estimate of 65 cents per share, it did result in a more bullish most accurate estimate of 68 cents per share. Apollo Group is scheduled to report on Tuesday, Mar 31, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

During the past 30 days, 5 of the more than 30 covering brokerage analysts have cut their fiscal fourth-quarter forecasts on Research in Motion (RIMM). The revisions knocked the consensus estimate down by a penny to 84 cents per share. Though not large, the changes are notable because the Blackberry maker has missed twice in the past 3 quarters. Plus, forecasts for fiscal 2010 have been tumbling. Research in Motion is scheduled to report on Thursday, Apr 2, after the close 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 Mar 30 - Apr 31. Prices are as of Thursday's, Mar 26, market close.

Company Ticker Zacks
Consensus
Estimate
Year Ago
Actual
Last Qtr
Surprise
Date Time Price
Cal-Maine Foods CALM $1.71 $2.41 (9.5%) 3/30 BTO $23.71
Forest City A FCE.A $0.20 $0.19 (133.3%) 3/30 N/A $4.17
Full House Reso FLL $0.02 $0.00 200.0% 3/30 BTO $1.10
Interoil Corp IOC ($0.85) N/A 466.7% 3/30 BTO $26.98
Layne Christens LAYN $0.40 $0.50 (4.6%) 3/30 BTO $21.65
Metabasis Thera MBRX ($0.28) ($0.35) 0.0% 3/30 AMC $0.65
Novavax Inc NVAX ($0.13) ($0.11) (14.3%) 3/30 N/A $0.99
Oxford Inds Inc OXM $0.03 $0.03 (15.6%) 3/30 AMC $7.11
Providence Svc PRSC $0.06 $0.35 (211.1%) 3/30 BTO $6.14
Votorantim Cel VCP ($0.82) $0.81 N/A 3/30 N/A $5.23
Amer Caresource ANCI $0.06 $0.02 50.0% 3/31 N/A $7.78
Apollo Group APOL $0.65 $0.41 15.5% 3/31 AMC $77.83
Borders Group BGP $0.93 N/A (18.5%) 3/31 AMC $0.70
Cyclacel Pharma CYCC ($0.33) ($0.56) 30.2% 3/31 N/A $0.39
Decode Genetics DCGN ($0.19) ($0.53) 0.0% 3/31 AMC $0.20
Edap Tms Sa-Adr EDAP $0.04 ($0.19) (66.7%) 3/31 BTO $1.30
Exfo Electro EXFO $0.04 $0.05 33.3% 3/31 AMC $3.49
Fsi Intl FSII ($0.15) ($0.03) (13.3%) 3/31 AMC $0.37
Fuller(Hb) Co FUL $0.14 $0.32 0.0% 3/31 AMC $14.28
Gigamedia Ltd GIGM $0.15 $0.18 12.5% 3/31 BTO $6.36
G-Iii Apparel GIII ($0.06) $0.12 0.6% 3/31 AMC $6.40
Hana Bioscience HNAB ($0.17) ($0.12) 20.0% 3/31 AMC $0.13
Lennar Corp -A (LEN - Free Report) ($0.71) ($0.56) 3.8% 3/31 BTO $10.28
Medis Tech MDTL ($0.34) ($0.41) 0.0% 3/31 N/A $0.52
Miva Inc MIVA ($0.14) ($0.27) (22.2%) 3/31 AMC $0.22
Nn Inc NNBR ($0.15) $0.26 (10.0%) 3/31 BTO $1.37
Petro Resources PRC ($0.01) N/A 50.0% 3/31 AMC $0.26
Physicians Form FACE $0.12 $0.33 1100.0% 3/31 AMC $1.77
Saba Software SABA $0.04 $0.03 100.0% 3/31 AMC $1.61
Sealy Corp ZZ ($0.02) $0.17 (533.3%) 3/31 AMC $1.80
Sonic Automotve SAH $0.03 $0.68 (26.5%) 3/31 BTO $1.74
Steelcase Inc SCS ($0.01) $0.22 (72.7%) 3/31 BTO $5.85
Tam Sa-Adr TAM ($2.92) $0.45 (164.7%) 3/31 N/A $6.53
Unifirst Corp UNF $0.67 $0.79 14.1% 4/1 AMC $29.91
Worthington Ind WOR $0.05 $0.25 -91.43% 4/1 BTO $10.17
Acuity Brands AYI $0.54 $0.82 5.1% 4/2 BTO $24.66
Allscripts-Misy MDRX $0.12 $0.07 16.7% 4/2 AMC $10.72
Angiodynamics ANGO $0.12 $0.14 0.0% 4/2 AMC $12.57
Carmax Gp (Cc) KMX $0.01 $0.20 (600.0%) 4/2 BTO $13.49
Corel Corp CREL $0.20 $0.22 (7.3%) 4/2 BTO $1.70
Demandtec Inc DMAN ($0.03) ($0.03) 50.0% 4/2 AMC $8.64
Global Payments GPN $0.42 $0.44 5.3% 4/2 AMC $33.91
Lawson Software LWSN $0.07 $0.07 33.3% 4/2 AMC $4.68
Lindsay Corp LNN $0.21 $0.79 8.5% 4/2 BTO $31.95
Micron Tech (MU - Free Report) ($0.60) ($0.40) (67.4%) 4/2 N/A $4.22
Monsanto Co-New (MON - Free Report) $2.09 $1.79 63.3% 4/2 BTO $87.64
Msc Indl Direct MSM $0.41 $0.73 4.3% 4/2 BTO $31.74
Msci Inc-A MXB $0.21 $0.18 (43.5%) 4/2 N/A $16.02
Research In Mot RIMM $0.84 $0.72 3.8% 4/2 AMC $45.04
Rite Aid Corp RAD ($0.11) ($0.07) 0.0% 4/2 BTO $0.43
Schulman(A) Inc SHLM $0.04 $0.29 6.4% 4/2 AMC $14.54
Azz Inc AZZ $0.78 $0.60 8.6% 4/3 BTO $28.46

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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