(Source: Business Wire)
Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Anadarko Petroleum Corporation (NYSE: APC), Elizabeth Arden Inc. (Nasdaq: RDEN), Multi Fineline Electronix, Inc. (Nasdaq: MFLX), The Estee Lauder Companies Inc. (NYSE: EL) and The Pantry, Inc. (Nasdaq: PTRY). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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The Week's Events
Another big week of data will have traders watching critical support for the Dow Jones Industrial Average.
More than 430 companies have been confirmed to release quarterly results this week. Included in this group are nearly 100 S&P 500 members and a few Dow components.
The ISM manufacturing survey will start the week off and January employment numbers will end it. Keep in mind that the employment numbers will not include the thousands of job cuts announced over the past 5 days.
Monday: January ISM manufacturing survey, December personal income and spending, December construction spending
Tuesday: December pending home sales, December auto sales
Wednesday: January ISM services survey, ADP employment survey, weekly crude inventories
Thursday: Fourth-quarter productivity, December factory orders, weekly initial jobless claims
Friday: January unemployment and nonfarm payrolls, December consumer credit
The Federal Reserve web site does not have any upcoming speeches listed.
Companies That Could Issue Positive Earnings Surprises
In early January, Multi Fineline Electronix, Inc. (Nasdaq: MFLX) raised its fiscal first-quarter guidance and stated that demand remained "strong" in the fiscal second quarter. (The company also announced its intent to repurchase up to 9% of outstanding shares.)
Nearly all of the 5 covering brokerage analysts raised their earnings estimates in response on this Zacks Elite Focus List stock (http://www.zackselite.com). The revised fiscal first-quarter consensus earnings estimate is 51 cents per share, a 17-cent increase. The circuit board maker has topped expectations during 3 out of the last 4 quarters. Multi Fineline Electronix is scheduled to report on Thursday, Feb 5, after the close of trading.
The Pantry, Inc. (Nasdaq: PTRY) has topped expectations during the past 3 quarters by an average margin of 21 cents per share. Ahead of the convenience store's fiscal second-quarter report, 2 of 6 brokerage analysts have raised their profit projections.
