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Earnings Preview For Mar 16 - 20

 March 13, 2009 05:32 PM


Guess, Inc. (GES) could top expectations. FedEx Corporation (FDX) could disappoint. Adobe Systems (ADBE), Nike (NKE) and Oracle (ORCL) will also report.

The earnings calendar is limited this week with just 93 companies confirmed to report. First-quarter earnings season will not "officially" start until April.

We will, however, get our first glimpse at first-quarter earnings as companies with fiscal quarters ending in February start to release results. Among these early reporters are Adobe Systems (ADBE), FedEx (FDX), Nike (NKE) and Oracle (ORCL).

Excluded from the list are the investment banks. Bear Stearns and Lehman are obviously gone. Goldman Sachs (GS) and Morgan Stanley (MS), which had reported quarterly results last March, both told me their earnings reports would not be issued until the second-half of April. (Specific dates have not been announced.)

The Fed will hold a 2-day meeting starting on Tuesday with the statement released around 2:15 ET on Wednesday afternoon. Look for additional announcements about the Fed's plan to expand its balance sheet by purchasing various types of debt.

  • Monday: February industrial production and capacity utilization, March Empire State manufacturing index
  • Tuesday: February housing starts, February building permits, February Producer Price Index (PPI)
  • Wednesday: February Consumer Price Index (CPI), fourth-quarter current account balance, weekly crude inventories, Fed statement
  • Thursday: February Leading Indicators, weekly initial jobless claims
  • Friday: February Phil Fed survey

Fed Governor Daniel Tarullo will testify about bank regulations in front of a Senate committee on Thursday, Mar 19. Additionally, Fed Chairman Ben Bernanke will speak at a community bankers' convention on Friday, Mar 20. His speech is entitled, "The Financial Crisis and Community Banking".

Many traders will be looking to see if stocks can keep their upward momentum. The major indexes are not overbought or near resistance, 2 positive factors.

That said, wildcard events (e.g. threats of corporate bankruptcies, initiatives from the Obama administration, credit rating downgrades, bank announcements, etc.) still remain the primary drivers of market sentiment.

We're coming off a good week and let's hope the bear market rally continues. Just understand, however, that the punch bowl is running dry.

Have a happy St. Patrick's Day and remember to wear something green on Tuesday!

Companies That Could Issue Positive Earnings Surprises


Guess, Inc. (GES) has a long record of topping quarterly expectations. Recent positive revisions by 2 of the covering brokerage analysts suggest another positive surprise could be forthcoming. The most accurate estimate is 53 cents per share, a penny above the consensus estimate.

The big issue with GES, however, could be its guidance. Brokerage analysts cut their fiscal 2010 expectations last week, causing the consensus earnings estimate to fall to $1.98. Therefore, traders may want to use caution ahead of the earnings report.

Guess is scheduled to report on Tuesday, Mar 17, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

[Related -FedEx Corporation (FDX): George Soros And John Paulson Own This Stock. Should You?]

FedEx Corporation (FDX) has missed once in the past 3 quarters. Ahead of the company's fiscal third-quarter report, 6 brokerage analysts have cut their profit projections. The negative revisions sent the consensus earnings estimate 3 cents lower to 47 cents per share. The most accurate estimate is more bearish at 44 cents per share. FedEx is scheduled to report on Thursday, Mar 19, before the start of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.


Surprise Trader can help you turn earnings surprises into quick profits. Learn how.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Mar 16 - 201. Prices are as of Thursday's, Mar 12, market close.

Company Ticker Zacks Consensus Estimate Year Ago Actual Last Qtr Surprise Report Date Report Time Price
Asbury Auto Grp ABG ($0.04) $0.39 (19.4%) 3/16/2009 BTO $4.13
Biolase Tech BLTI ($0.05) ($0.01) (216.7%) 3/16/2009 AMC $0.79
Care Investment CRE $0.17 $0.18 (76.5%) 3/16/2009 BTO $9.03
Carmike Cinema CKEC ($0.17) ($0.39) 0.0% 3/16/2009 AMC $2.54
China Nepstar NPD $0.05 $0.08 (20.0%) 3/16/2009 BTO $4.25
China Public Sc CPBY $0.14 N/A 6.3% 3/16/2009 BTO $2.96
Cumulus Media CMLS $0.09 ($0.04) 27.3% 3/16/2009 BTO $2.22
Cypress Biosci CYPB ($0.06) $0.08 (22.2%) 3/16/2009 BTO $8.93
Dana Holding Cp DAN ($1.43) ($1.71) (5066.7%) 3/16/2009 N/A $0.85
Daystar Tec Inc DSTI ($0.22) ($0.35) (5.3%) 3/16/2009 N/A $1.82
Ediets.Com Inc DIET ($0.13) ($0.11) (18.2%) 3/16/2009 AMC $2.54
Education Rlty EDR $0.17 $0.31 (200.0%) 3/16/2009 AMC $5.03
Emeritus Corp ESC ($0.57) ($0.58) (1.8%) 3/16/2009 AMC $9.21
Englobal Corp ENG $0.19 $0.05 0.0% 3/16/2009 BTO $3.42
Flanders Corp FLDR $0.00 N/A 400.0% 3/16/2009 BTO $4.53
Flotek Indu Inc FTK $0.27 N/A (3.2%) 3/16/2009 BTO $3.34
Gastar Expl Ltd GST ($0.01) ($0.01) (100.0%) 3/16/2009 AMC $0.66
Gse Systems Inc GVP $0.01 $0.03 200.0% 3/16/2009 AMC $6.30
Houston Wire&Cb HWCC $0.15 $0.32 2.8% 3/16/2009 BTO $8.28
Idt Corp-Cl B IDT ($0.96) ($2.34) 35.3% 3/16/2009 N/A $0.31
Jamba Inc JMBA ($0.16) ($0.26) (1100.0%) 3/16/2009 AMC $0.58
Kohlberg Capitl KCAP $0.29 $0.40 (2.9%) 3/16/2009 N/A $3.58
Medivation Inc MDVN ($0.18) ($0.34) (19.3%) 3/16/2009 AMC $19.23
Nn Inc NNBR ($0.15) $0.26 (10.0%) 3/16/2009 BTO $1.88
Orbcomm Inc ORBC ($0.01) $0.03 33.3% 3/16/2009 BTO $2.00
Orchid Cellmark ORCH ($0.11) $0.01 (150.0%) 3/16/2009 BTO $0.47
Patriot Cap Fdg PCAP $0.27 $0.31 10.3% 3/16/2009 BTO $3.27
Physicians Form FACE $0.12 $0.33 1100.0% 3/16/2009 AMC $2.69
Plug Power Inc PLUG ($0.17) ($0.20) 11.1% 3/16/2009 BTO $0.96
Pmi Group PMI ($1.52) ($12.51) 32.0% 3/16/2009 BTO $1.79
Poniard Pharmac PARD ($0.38) ($0.28) (9.1%) 3/16/2009 AMC $2.50
Providence Svc PRSC $0.06 $0.35 (211.1%) 3/16/2009 BTO $2.09
Radnet Inc RDNT $0.01 ($0.12) 200.0% 3/16/2009 BTO $3.41
Sauer-Danfoss SHS ($0.43) $0.26 (12.0%) 3/16/2009 AMC $8.85
Sina Corp SINA $0.42 $0.29 2.9% 3/16/2009 AMC $21.85
Skillsoft Plc SKIL $0.08 $0.07 10.0% 3/16/2009 AMC $6.73
Sonic Automotve SAH $0.03 $0.68 (26.5%) 3/16/2009 BTO $2.23
Staar Surgical STAA ($0.04) ($0.15) (14.3%) 3/16/2009 AMC $2.25
Star Bulk Carrs SBLK $0.38 $0.05 (20.0%) 3/16/2009 AMC $2.35
Sterling Constr STRL $0.32 $0.39 25.7% 3/16/2009 BTO $19.69
Stonemor Ptnrs STON $0.04 ($0.13) (82.4%) 3/16/2009 N/A $14.25
Unigene Laborat UGNE ($0.02) ($0.02) 50.0% 3/16/2009 AMC $0.58
Us Home Sys Inc USHS $0.09 ($0.05) (33.3%) 3/16/2009 AMC $1.73
Aar Corp AIR $0.47 $0.48 0.0% 3/17/2009 AMC $19.71
Adobe Systems ADBE $0.38 $0.42 5.9% 3/17/2009 AMC $20.89
Anthracite Cap AHR $0.24 $0.31 N/A 3/17/2009 BTO $1.77
Astro-Med Inc ALOT $0.03 $0.12 N/A 3/17/2009 AMC $6.59
Canadian Solar CSIQ ($0.30) $0.20 (48.3%) 3/17/2009 BTO $5.59
Cenveo Inc CVO $0.35 $0.53 11.4% 3/17/2009 N/A $4.00
Clean Diesel CDTI ($0.25) ($0.38) (26.1%) 3/17/2009 N/A $2.00
Cryptologic Ltd CRYP ($0.18) $0.36 (1400.0%) 3/17/2009 BTO $5.20
Factset Resh FDS $0.70 $0.62 9.4% 3/17/2009 BTO $41.05
Guess Inc GES $0.52 $0.59 9.5% 3/17/2009 N/A $17.42
Icop Digital ICOP ($0.21) ($0.26) (29.4%) 3/17/2009 N/A $1.05
Omnova Solution OMN ($0.02) ($0.07) (66.7%) 3/17/2009 BTO $0.80
Ultrapetrol Ltd ULTR $0.22 $0.10 4.6% 3/17/2009 AMC $2.76
Zhongpin Inc HOGS $0.27 $0.19 13.33% 3/17/2009 N/A 10.53
Actuant Corp ATU $0.14 $0.42 2.3% 3/18/2009 BTO $17.81
Charming Shoppe CHRS ($0.37) ($0.20) 41.7% 3/18/2009 BTO $1.18
Chinaedu Cp-Adr CEDU $0.02 $0.09 (16.7%) 3/18/2009 AMC $5.29
Cintas Corp CTAS $0.48 $0.53 (14.6%) 3/18/2009 AMC $24.32
Clarcor Inc CLC $0.31 $0.35 3.7% 3/18/2009 AMC $31.84
Darden Restrnt DRI $0.68 $0.80 46.7% 3/18/2009 N/A $28.12
Herman Miller MLHR $0.23 $0.65 1.7% 3/18/2009 AMC $12.26
Ihs Inc-A IHS $0.41 $0.34 27.3% 3/18/2009 AMC $45.04
Linktone Ltd LTON ($0.05) ($0.08) N/A 3/18/2009 AMC $1.26
Luby'S Inc LUB ($0.04) $0.00 11.1% 3/18/2009 AMC $5.00
Nike Inc-B NKE $0.81 $0.92 3.9% 3/18/2009 AMC $47.60
Oracle Corp ORCL $0.31 $0.30 3.0% 3/18/2009 AMC $17.84
Presstek Inc PRST $0.00 ($0.03) (33.3%) 3/18/2009 BTO $2.51
Somanetics Corp SMTS $0.09 $0.07 8.7% 3/18/2009 BTO $16.57
Towerstream Cp TWER ($0.09) ($0.08) 10.0% 3/18/2009 N/A $1.05
Barnes & Noble BKS $1.48 $1.69 (31.3%) 3/19/2009 BTO $18.29
Blockbuster Inc BBI $0.25 $0.26 52.9% 3/19/2009 AMC $1.47
Cato Corp A CTR $0.11 ($0.06) 200.0% 3/19/2009 BTO $14.85
Childrens Place PLCE $0.69 $0.70 (1.2%) 3/19/2009 BTO $20.00
China Sunergy CSUN ($0.35) ($0.06) (80.0%) 3/19/2009 BTO $3.16
Cost Plus Inc CPWM $0.25 $0.43 (2.7%) 3/19/2009 AMC $0.92
Cra Intl Inc CRAI $0.39 $0.28 21.7% 3/19/2009 BTO $22.09
Fedex Corp FDX $0.47 $1.26 0.0% 3/19/2009 BTO $56.75
Icx Tech Inc ICXT $0.00 ($0.39) 26.7% 3/19/2009 AMC $6.00
Neogen Corp NEOG $0.21 $0.18 4.0% 3/19/2009 BTO $24.60
New York & Co NWY ($0.18) $0.18 (30.0%) 3/19/2009 BTO $2.20
Palm Inc PALM ($0.66) ($0.22) (100.0%) 3/19/2009 AMC $7.83
Perry Ellis Int PERY $0.00 $0.65 6.4% 3/19/2009 BTO $4.52
Progress Softwa PRGS $0.31 $0.33 77.8% 3/19/2009 BTO $17.57
Shoe Carnival SCVL ($0.09) $0.09 (36.4%) 3/19/2009 BTO $8.90
Stein Mart Inc SMRT ($0.41) ($0.30) (70.0%) 3/19/2009 BTO $1.27
Ticketmaster En TKTM $0.29 N/A (15.0%) 3/19/2009 AMC $6.94
Tsakos Egy Navg TNP $0.80 $0.56 2.9% 3/19/2009 BTO $19.10
Winnebago WGO ($0.30) $0.10 (57.1%) 3/19/2009 BTO $6.00
Gol Linhas-Adr GOL ($0.06) ($0.04) (340.0%) 3/20/2009 AMC $4.76
Kirklands Inc KIRK $0.52 $0.22 (13.3%) 3/20/2009 BTO $2.56

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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(1)
 
4/3/2009 12:52:30 AM
Congratulations by Raúl Fernández R.
Please receive my congratulations for your work. It is quite important and usefull. You are doing great, please continue. whenever you have this information, the earnings calendar, let me know, I woul appreciate it a lot.
Rating: (0) (0)

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