Earnings Preview For Sep 1-5
- Date: 2008-09-12 - Word Count: 380
Share This!
As I write this on Friday afternoon, Gustav is a Category 1 hurricane. Should the storm continue to strengthen and head towards Louisiana and Texas, oil futures will rise sharply. Let's hope that any damage from Gustav is minimal.
Regardless of what Mother Nature brings, I do expect trading volume to increase as traders and fund managers return from the holiday. U.S. stocks have stayed in a trading range, however, and barring a disruption to oil supplies, it is very possible that the higher volume won't result in either an upward or a downward breakout.
The earnings calendar is extremely light with just 43 companies confirmed to report. S&P 500 members H&R Block (HRB) and Staples (SPLS) are the most notable names within this group.
Wednesday's release of the Federal Reserve's Beige Book and Friday's issuance of the August employment numbers highlight the economic calendar.
• Tuesday: August ISM manufacturing index, July construction spending
• Wednesday: Beige Book, July factory orders, weekly crude inventories
• Thursday: Weekly initial jobless claims
• Friday: August unemployment and nonfarm payrolls
Federal Reserve Governor Randall Kroszner will speak in Argentina about U.S. and international financial systems on Monday, Sep 1.
Companies That Could Issue Positive Earnings Surprises
One of the 4 brokerage analysts who cover Casey's General Stores (CASY) recently raised his fiscal first-quarter profit forecast. The revision pushed the consensus earnings estimate 3 cents higher to 51 cents per share. The most accurate estimate is more bullish at 59 cents per share. CASY has topped expectations during 4 out of the past 5 quarters. Casey General Stores is scheduled to report on Wednesday, Sep 3, after the close of trading.
Companies That Could Issue Negative Earnings Surprises
Staples (SPLS) warned that second-quarter earnings per share declined approximately 15% compared to a year prior. Contributing to the decline was a 7% drop in North American same-store sales. One-third of the covering brokerage analysts responded by trimming their forecasts. The revisions caused the consensus earnings estimate to decline by a penny to 24 cents per share.
The most accurate estimate is more bearish at 22 cents per share. The office supply retailer met expectations last quarter, but its fourth-quarter results were a penny below expectations. Staples is scheduled to report on Wednesday, Sep 3, before the start of trading.
Regardless of what Mother Nature brings, I do expect trading volume to increase as traders and fund managers return from the holiday. U.S. stocks have stayed in a trading range, however, and barring a disruption to oil supplies, it is very possible that the higher volume won't result in either an upward or a downward breakout.
The earnings calendar is extremely light with just 43 companies confirmed to report. S&P 500 members H&R Block (HRB) and Staples (SPLS) are the most notable names within this group.
Wednesday's release of the Federal Reserve's Beige Book and Friday's issuance of the August employment numbers highlight the economic calendar.
• Tuesday: August ISM manufacturing index, July construction spending
• Wednesday: Beige Book, July factory orders, weekly crude inventories
• Thursday: Weekly initial jobless claims
• Friday: August unemployment and nonfarm payrolls
Federal Reserve Governor Randall Kroszner will speak in Argentina about U.S. and international financial systems on Monday, Sep 1.
Companies That Could Issue Positive Earnings Surprises
One of the 4 brokerage analysts who cover Casey's General Stores (CASY) recently raised his fiscal first-quarter profit forecast. The revision pushed the consensus earnings estimate 3 cents higher to 51 cents per share. The most accurate estimate is more bullish at 59 cents per share. CASY has topped expectations during 4 out of the past 5 quarters. Casey General Stores is scheduled to report on Wednesday, Sep 3, after the close of trading.
Companies That Could Issue Negative Earnings Surprises
Staples (SPLS) warned that second-quarter earnings per share declined approximately 15% compared to a year prior. Contributing to the decline was a 7% drop in North American same-store sales. One-third of the covering brokerage analysts responded by trimming their forecasts. The revisions caused the consensus earnings estimate to decline by a penny to 24 cents per share.
The most accurate estimate is more bearish at 22 cents per share. The office supply retailer met expectations last quarter, but its fourth-quarter results were a penny below expectations. Staples is scheduled to report on Wednesday, Sep 3, before the start of trading.
Related Tags: market, invest, stocks, investing, earnings, zacks
Charles Rotblut is the Vice President of Web Content for Zacks Investment Research and the Senior Market Analyst for Zacks.com. He oversees the editorial staff, manages the market-beating Focus List, Timely Buys and Top 10 portfolios, and plays an instrumental role in the development of new products. For more information, visit www.zacks.com Your Article Search Directory : Find in Articles
Recent articles in this category:
- Sbi Best Sip Plans 2010
SBI Mutual funds have introduced many mutual schemes. Each scheme has different limitations. SBI SIP - Icici Sip Plans 2010 - Best Sip Plans
ICICI Prudential offers many schemes. These fund schemes have SIP. What is SIP? SIP's expansion is S - Determining Where To Invest Money
There are several kinds of investments, also you will find numerous factors to find out where to inv - Retirement Plans A Necessity Of Life
A person works whole life to give a decent upbringing to his children and families. But while improv - Stock Market Timing Signals
Follow the PlanThis would seem a statement of common sense, but the fact of stock market timing sign - A Selection Of Financial And Investment Strategy Guidelines For Turning A Profit
Yet, we don't often have the money to leave work right at this moment. We need a constant salary to - Find Out The Profitable Way To Invest In Small Cap Stocks
Everyone wants to find a penny stocks list or other investment strategies that can turn your literal - Portfolio #4 - Watergate
IntroductionThe problem is not that the world is running out of water. No, the problem is that drink - Dulton Group: Information Content Of Dividends
Dulton Group helps you to analyze the information content of dividends, an important factor affectin - Coping With Fear In A Markets
The real fact is that all traders, investors as well as stock market investors, who feel afraid, occ
Most viewed articles in this category:
- Investor Stress: A New Approach
George Muzea is both an investor and a stock market advisor. In any given month, he will be paid $10 - Real Estate Investment Financing
1. Location: Your real estate investment's location is arguably the most important component of your - Canadian Oil Sands - Who Are the Major Players
The Canadian oil sands represent one of the most lucrative investment opportunities to oil and gas i - Why Bulk Preconstruction?
Bulk preconstruction is the latest trend in secure, high profit real estate investing. By buying wit - Investing - It Is Not As Scary As You Think
Many people want to have more money - OK everyone does. However, most people don't know how to go a - How Do I Know Which Programs Are Scams?
Although it is virtually impossible to tell if a HYIP is a scam until the moment when they stop payi - Currency Trading Success - 6 Tips to Increase your Profits
If you want to increase your profit potential and achieve currency trading success then the simple t - The Business Cycle
Investors who want to beat the market should be followers of the business cycle. The business cycle - Pros and Cons of Real Estate
Like any other profession, there are good and bad things about what are available. Each of the thin - The Fixer Upper
Real estate investing has become almost a national pastime. Millions are made every year on the buyi