This Week's Earnings Announcements: The Good, The Bad and the Ugly

Make no mistake: This earnings season, we’ve seen some powerful results so far. Of the 340 or so S&P 500 companies that have reported so far, 67% have topped analyst earnings estimates and 64% have beaten sales estimates.

But I expect the second half to be much choppier than the first. What usually happens with earnings season is that the stronger earnings announcements come out early and the weaker announcements are saved for last. And with a fresh wave of small- and mid-cap companies kicking off this week, I expect the market to become pretty bumpy in a matter of days.

To prepare for this, let’s preview some of the biggest earnings announcements coming at us this week. I’ll provide what the analyst community’s expectations are for each stock plus my take on whether the upcoming earnings announcement is a buying opportunity.

The Good

Ticker Company Earnings Date Forecast Sales Forecast Earnings My Take
CAB Cabela’s Inc. Thursday 9% 14% Buy
CAR Avis Budget Group Inc. Wednesday 0% 50% Buy
CLWR Clearwire Corp. Tuesday -13% 73% Buy
CMCSA Comcast Corp. Wednesday 6% 13% Strong Buy
CPB Campbell Soup Co. Friday 10% 3% Buy
DF Dean Foods Inc. Wednesday 2% 11% Buy
DPS Dr Pepper Snapple Group  Wednesday 2% 4% Buy
DTV Directv Thursday 8% 11% Buy
KO  The Coca-Cola Inc. Tuesday 5% 13% Buy
KORS Michael Kors Holdings  Tuesday 45% 105% Buy
LGF Lions Gate Entertainment Monday 119% 1700% Strong Buy
MORN Morningstar Inc. Wednesday 1% 2% Buy
PEP PepsiCo Inc. Thursday 1% -9% Buy
RAI Reynolds American Inc. Tuesday -1% 1% Buy
RAX Rackspace Hosting Inc. Tuesday 26% 22% Buy
SJM J.M. Smucker Co. Friday 6% 14% Buy
TRI Thompson Reuters Corp. Wednesday 1% 2% Buy
TRIP TripAdvisor Inc. Wednesday 21% 17% Buy
VAL Valspar Corp. Tuesday 4% 8% Buy
WFM Whole Foods Market Inc. Wednesday 14% 19% Buy

The Bad

Ticker Company Earnings Date Forecast Sales Forecast Earnings My Take
CSCO Cisco Systems Inc. Wednesday 5% 2% Hold
DE Deere & Co. Wednesday 10% 8% Hold
FOSL Fossil Inc. Tuesday 12% 21% Hold
GM General Motors Inc. Thursday 3% 31% Hold
GNC GNC Holdings Inc. Thursday 13% 31% Hold
MDLZ Mondelez International  Wednesday -34% -33% Hold
MHP McGraw-Hill Cos. Inc. Tuesday 6% 14% Hold
SAVE Spirit Airlines Inc. Tuesday 21% -24% Hold
SKX Skechers USA Inc. Wednesday 19% 72% Hold
WM Waste Management Inc. Thursday 1% 0% Hold
Z Zillow Inc. Wednesday 58% -100% Hold

The Ugly

Ticker Company Earnings Date Forecast Sales Forecast Earnings My Take
AMAT Applied Materials Inc. Wednesday -30% -83% Sell
ANGI Angie’s List Inc. Wednesday 66% 86% Sell
AVP Avon Products Inc. Tuesday -2% -31% Sell
BBW Build-A-Bear Workshop  Thursday -2% -9% Strong Sell
BWLD Buffalo Wild Wings Inc. Tuesday 32% 30% Sell
CGNX Cognex Corp.  Monday -5% -21% Sell
DAVE Famous Dave’s of America Wednesday -1% -33% Sell
GT Goodyear Tire & Rubber  Tuesday -6% 567% Sell
H Hyatt Hotels Corp. Wednesday 4% -61% Sell
NTAP NetApp Inc. Wednesday 4% -3% Sell
NVDA NVIDIA Corp. Wednesday 16% 26% Sell
OWW Orbitz Worldwide Inc. Thursday 4% 75% Sell
STRA Strayer Education Inc. Thursday -7% 37% Strong Sell
WTW Weigh Watchers Wednesday -1% 1% Sell
WU Western Union Co. Tuesday -2% -10% Sell
ZIP Zipcar Inc. Friday 11% -33% Sell

In addition to earnings announcements, lately we’ve seen a barrage of new mergers and acquisitions deals that will affect several industry leaders and present new profit opportunities. I’ll have the full details on the latest “buyout buzz” on Wall Street in tomorrow’s daily blog.

Sincerely,

Louis Navellier

Louis Navellier

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