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
).
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