Earnings season will continue in high gear this week as many more major companies will report their results. With the FOMC meeting and the jobs data out of the way, earnings will take center stage even more than they have in the last couple of weeks. Here is a look at some of the major earnings reports to watch this coming week:
Monday May 5th
- Goldcorp (NYSE:GG) This company should be doing well with the high prices of gold, but some of its peers aren't. They are expected to earn 21 cents per share.
- Vulcan Materials (NYSE:VMC) This was a great performing stock in past years, but it has hit hard times in the last year. Can the company turn it around? The market expects 56 cents per share.
- Cleveland-Cliffs (NYSE:CLF) This company has really hit its stride of late and the market has reacted by bidding its stock up nicely. Expectations are high and investors are looking for $1 per share.
Tuesday May 6th
- Barrick Gold (NYSE:ABX) This is another gold company that has a mixed history with its earnings reports. Can it capitalize on the great environment for gold stocks?
- D.R. Horton (NYSE:DHI) Everyone knows this report will be bad, but a lot of attention will be paid to the future guidance. Investors continue to look for any sign of a bottom in the housing market.
- Legg Mason (NYSE:LM) This asset manager has had a lot of turmoil going on in the last few quarters and investors just want to see signs of a turnaround.
- NYSE Euronext (NYSE:NYX) A lot of questions are still to be answered about the integration from the massive merger of Euronext and the NYSE and investors want answers quickly. The market is expecting 83 cents.
- Qwest Corporation (NYSE:Q) This company just can't seem to get it right. Q has been mired down here in the single digits for quite some time. The street is expecting 10 cents.
- Walt Disney (NYSE:DIS) The turnaround seems to be in the making at Disney. Strength from their media side will be expected. The average estimate is for 51 cents per share.
Wednesday May 7th
- Allergan (NYSE:AGN) Recent concerns about these results have hit the stock hard. Analysts expect 52 cents per share.
- Foster Wheeler (Nasdaq:FWLT) Similar companies have missed their earnings targets, will Foster Wheeler be the next or can it buck the trend?
- Transocean (NYSE:RIG) One of my favorite oil names will report Wednesday before the bell. The deepwater business has been very hot of late so expectations are high. The street is looking for $3.34 a share.
- Crocs (Nasdaq:CROX) My how the mighty have fallen. Crocs was a darling on the street this time last year, but its shares now sit around $10 a share. If this company doesn't turn it around soon it will be doomed to being just a quick fashion trend with no staying power.
Thursday May 8th
- Celgene (Nasdaq:CELG) This stock has been on a wild ride in the last few months. Celgene's report will mostly be watched for the sales and forecast for Revlimid, its monster drug.
- NVIDIA Corporation (Nasdaq:NVDA) NVDA shares have been hit hard as economic worries brought this stock down hard. The street is expecting 38 cents per share.
- Priceline.com (Nasdaq:PCLN) The earnings momentum that analysts had been waiting for from this company appears to have gotten here and the stock has responded. Expectations are high for this company.
- Toyota Motor (NYSE:TM) Can Toyota continue to prove itself the best run company in the auto industry? It reports at 2 am Thursday morning.
- Verisign (Nasdaq:VRSN) Verisign has outperformed most of its internet counterparts so investors are obviously optimistic about this company's prospects.
Friday May 9th
- Huntsman Corporation (NYSE:HUN) This synthetics maker has missed its earnings estimate the last four quarters so don't expect any huge positive surprises here.
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