Zacks Earnings Preview: Wal-Mart, Home Depot, J.C. Penney, Groupon and Target - Press Releases

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For Immediate Release

 

Chicago, IL - May 14, 2012 - Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Wal-Mart ( WMT ), Home Depot ( HD ), J.C. Penney ( JCP ), Groupon ( GRPN ), Target ( TGT ).


 

To see more earnings analysis, visit http://at.zacks.com/?id=3207 .

 

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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 Wal-Mart ( WMT ), Home Depot ( HD ), J.C. Penney ( JCP ) and Groupon ( GRPN ).  

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 this week.
 
Monday-5/14

  • There is nothing significant on the economic calendar this day.
  • The key earnings release is from Groupon, which recently had to restate past results. The company reports after the close.


Tuesday -5/15

  • 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.


Wednesday-5/16

  • 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, Target ( TGT ) reports.

 

Sheraz Mian is the Director of Research for Zacks.com.

 

 

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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

 

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

 

Contact: Sheraz Mian
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com

Visit: www.Zacks.com


 
GROUPON INC (GRPN): Free Stock Analysis Report
 
HOME DEPOT (HD): Free Stock Analysis Report
 
PENNEY (JC) INC (JCP): Free Stock Analysis Report
 
TARGET CORP (TGT): Free Stock Analysis Report
 
WAL-MART STORES (WMT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.



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



This article appears in: Investing , Stocks

Referenced Stocks: GRPN , HD , JCP , TGT , WMT

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