For Immediate Release
Chicago, IL - May 14, 2012 - Zacks.com releases the list of
companies likely to issue earnings surprises. This week's list
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Big Week for Econ News
The first quarter reporting season is winding down, with the
bulk of the earnings season now behind us. We have already seen
results from 452 of the S&P 500 companies thus far, and there
is a lot to like this earnings season. We will get results from
around 195 companies this week, including 21 from the S&P 500.
Total earnings for the 452 companies that have already reported
results (as of Friday, 05/11) are up a strong 7.9% from the
year-earlier period, with 65.5% of the reports coming ahead of
expectations. Since the market has already passed judgment on this
earnings season, the reports coming out this week are unlikely to
be materially market moving, though we do have a number of
bellwether names on the docket, such as
Greece will likely continue to dominate the headlines, though there
is no shortage of market-moving domestic economic reports either.
From Retail Sales to inflation and regional manufacturing surveys
to Housing Starts, we have a slew of reports on the economic docket
- There is nothing significant on the economic calendar this
- The key earnings release is from Groupon, which recently had
to restate past results. The company reports after the
- We have a very busy economic news day, with April Retail
Sales and CPI coming out before the markets open, and the Empire
State and Home builder Index coming out a little later.
- The Retail Sales report is expected to be unchanged,
following very strong showing in March. On the CPI front, we may
see a repeat of Friday's PPI report, with the 'headline'
declining and the 'core' showing no pricing pressures. The Empire
State survey for May is expected to have improved following the
very weak showing in April.
- On the earnings front, Home Depot will report in the morning,
while J.C. Penney will report after the markets close.
- Another busy day on the economic calendar, with Housing
Starts for April coming out before the market opens, while the
Industrial Production report comes out a little later.
- Last month's Housing Starts data was on the weak side, though
Permits came in better than expected. The expectation for the
April reading is for an increase to 689K from March's 654K level.
Industrial Production is expected to show strong gains following
March's flat reading.
- On the earnings front,
Sheraz Mian is the Director of Research for Zacks.com.
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Contact: Sheraz Mian
GROUPON INC (GRPN): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis
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