Earnings Expectations for the Week of October 29


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Recent earnings disappointments from tech giants like Apple (NASDAQ: AAPL ), Google (NASDAQ: GOOG ) and Microsoft (NASDAQ: MSFT ), as well as industrials such as Caterpillar (NYSE: CAT ) and DuPont (NYSE: DD ), have taken their toll. The S&P 500 is down about three percent in the past three weeks.

But plenty of high expectations remain, demonstrated by the analysts forecasts that the following companies will post strong year-over-year earnings growth, as well as revenue growth, in their reports this week: Allstate (NYSE: ALL ), Baidu (NASDAQ: BIDU ), Boston Beer (NYSE: SAM ), Hartford Financial (NYSE: HIG ), MetLife (NYSE: MET ), MetroPCS Communications (NYSE: PCS ), Priceline.com (NYSE: PCLN ), Starbucks (NASDAQ: SBUX ) and Time Warner Cable (NYSE: TWC ).

But not all is rosy. Analysts anticipate earnings declines from ADM (NYSE: ADM ), Chevron (NYSE: CVX ), Clorox (NYSE: CLX ), Ford (NYSE: F ), Ralph Lauren (NYSE: RL ) and the Washington Post (NYSE: WPO ), as well as net losses from Martha Stewart Living Omnimedia (NYSE: MSO ) and MGM Resorts (NYSE: MGM ).

Here is a quick run-down of what analysts expect from some of the most prominent quarterly reports on this week's schedule.

American International Group (NYSE: AIG ). The consensus forecast calls this New York-based insurer to have swung from a year-ago net loss of $1.60 per share to a profit of $0.86 per share. That consensus estimate has grown in the past 60 days from $0.66 per share. But analysts see revenue dropping more than three percent year-over-year to $8.70 billion. Look for AIG's report Thursday after the closing bell.

Archer Daniels Midland (NYSE: ADM ). Analysts on average expect this food processing giant to report Tuesday morning that its per-share earnings fell by nearly 50 percent to $0.35 and revenue totaled $22.00 billion, essentially flat year-over-year. That EPS estimate declined over the past 60 days from $0.50 per share.

Exxon Mobil (NYSE: XOM ). The consensus forecast calls for EPS down about eight percent year-over-year to $1.96 and sales more than 10 percent lower to $112.40 billion. But the oil and gas giant fell short of consensus EPS estimates in three of the past five quarters. Exxon reports Thursday before the markets open.

Ford (NYSE: F ). This Big Three automaker is expected to post $0.30 per share earnings and sales of $31.08 billion. That would be down from $0.34 per share and $31.10 billion in revenue in the same period of last year. Note that the consensus EPS estimate was $0.28 just 30 days ago. Ford is scheduled to share its results Tuesday morning.

Kellogg (NYSE: K ). Earnings from this maker of Pop-Tarts and Rice Krispies are expected to be $0.80 per share, or flat year-over year. That EPS estimate is unchanged over the past 60 days. However, sales are predicted to be 11.5 percent higher than a year ago to $3.69 billion. Kellogg is on tap to report Thursday before the opening bell.

MasterCard (NYSE: MA ). Analysts on average anticipate this financial services company will say Wednesday morning that its most recent EPS were about five percent higher year-over-year to $5.93. Its revenue is predicted to have risen more than six percent to $1.94 billion. MasterCard topped consensus EPS estimates in the past 10 quarters.

MetLife (NYSE: MET ). The consensus forecast calls for earnings to be about 13 percent higher than a year ago to $1.28 per share on revenue that is up marginally to $17.15 billion. The New York-based life insurer exceeded analysts' consensus EPS estimates in the previous four quarters. The company steps into the earnings spotlight Wednesday afternoon.

Visa (NYSE: V ). This payments technology company is expected to offer up $1.50 per share earnings and $2.67 billion in revenue. That would be up from $1.27 per share and revenue of $2.38 billion in the year-ago period. Analysts regularly underestimate Visa's per-share earnings. The company is scheduled to share its results Wednesday afternoon.

Retail earnings come into focus the following week, with reports due from CVS Caremark (NYSE: CVS ), JCPenney (NYSE: JCP ), Kohl's (NYSE: KSS ), Macy's (NYSE: M ), Nordstrom (NYSE: JWN ) and Whole Foods Market (NYSE: WFM ).

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas
Referenced Stocks: AAPL , BIDU , GOOG , MSFT , PCLN

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