This Week’s Earnings: 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 Thursday 9% 14% Buy
CAR Avis Wednesday 0% 50% Buy
CLWR Clearwire Tuesday -13% 73% Buy
CMCSA Comcast Wednesday 6% 13% Strong Buy
CPB Campbell Soup Friday 10% 3% Buy
DF Dean Foods Wednesday 2% 11% Buy
DPS Dr Pepper Snapple Wednesday 2% 4% Buy
DTV Directv Thursday 8% 11% Buy
KO Coca-Cola Tuesday 5% 13% Buy
KORS Michael Kors Tuesday 45% 105% Buy
LGF Lions Gate Monday 119% 1700% Strong Buy
MORN Morningstar Wednesday 1% 2% Buy
PEP PepsiCo Thursday 1% -9% Buy
RAI Reynolds American Tuesday -1% 1% Buy
RAX Rackspace Tuesday 26% 22% Buy
SJM J.M. Smucker Friday 6% 14% Buy
TRI Thompson Reuters Wednesday 1% 2% Buy
TRIP TripAdvisor Wednesday 21% 17% Buy
VAL Valspar Tuesday 4% 8% Buy
WFM Whole Foods Wednesday 14% 19% Buy

The Bad

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

The Ugly


Ticker Company Earnings Date Forecast Sales Forecast Earnings My Take
AMAT Applied Materials Wednesday -30% -83% Sell
ANGI Angie’s List Wednesday 66% 86% Sell
AVP Avon Tuesday -2% -31% Sell
BBW Build-A-Bear Thursday -2% -9% Strong Sell
BWLD Buffalo Wild Wings Tuesday 32% 30% Sell
DAVE Famous Dave’s Wednesday -1% -33% Sell
GT Goodyear Tire Tuesday -6% 567% Sell
H Hyatt Wednesday 4% -61% Sell
NTAP NetApp Wednesday 4% -3% Sell
OWW Orbitz Thursday 4% 75% Sell
STRA Strayer Thursday -7% 37% Strong Sell
WTW Weight Watchers Wednesday -1% 1% Sell
WU Western Union Tuesday -2% -10% Sell
ZIP Zipcar 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.

Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC