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Earnings Preview for Jan 19-23 – Earnings Preview

Source: http://www.zacks.com/commentary/9773/Earnings+Preview+for+Jan+19-23++-+Earnings+Preview
Posted on Thursday, January 15th, 2009 | In Stocks to Watch
Contributed by: Charles Rotblut (http://www.zacks.com/) -

NetScout Systems, Inc. (NTCT) could top expectations. Burlington Northern Santa Fe Corporation (BNI) and General Electric Company (GE) could miss estimates.


The U.S. equity markets will be closed on Monday, Jan 19, in observance of Martin Luther King, Jr. Day. The markets will be open on Tuesday, Jan 20, though volume could be light because of the inauguration.

This will be the first busy week of fourth-quarter earnings season, with 149 companies scheduled to report. Large-cap stocks will dominate the news with 53 S&P 500 members releasing results. Dow components will include General Electric Company (GE), International Business Machines (IBM), Johnson & Johnson (JNJ), Microsoft (MSFT) and United Technologies Corporation (UTX).

The economic calendar is very light.

  • Wednesday: Weekly crude inventories
  • Thursday: December housing starts, December building permits, weekly initial jobless claims

No Fed officials are scheduled to give speeches. The Fed will hold a 2-day meeting starting on Jan 27.


Companies That Could Issue Positive Earnings Surprises

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NetScout Systems, Inc. (NTCT) recently raised its fiscal third-quarter guidance. Citing strong demand from wireless carriers and growth in other markets, the company now anticipates having earned between 16 cents and 18 cents per share. Half of the 4 covering analysts raised their forecasts in response, pushing the consensus earnings estimate 5 cents higher to 16 cents per share. The most accurate estimate is far more bullish at 22 cents per share. NTCT has topped expectations for 4 consecutive quarters. NetScout is scheduled to report on Thursday, Jan 22, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

Profit forecasts for Burlington Northern Santa Fe Corporation (BNI) have been falling lately, with 6 brokerage analysts reducing their fourth-quarter projections during the last 30 days. Though the railroad company does have a history of topping expectations, a recent warning from a competitor could end the streak. The consensus earnings estimate calls for fourth-quarter profits of $1.78 per share. The most accurate estimate is more bearish at $1.75 per share. Burlington Northern Santa Fe Corporation is scheduled to report on Wednesday, Jan 21, before the start of trading.

General Electric Company (GE) reaffirmed its fourth-quarter EPS guidance of 50 to 52 cents per share in mid-December. Since that time, 5 brokerage analysts have cut their quarterly projections. The negative revisions caused the consensus earnings estimate to fall to 44 cents per share. The most accurate estimate is more bearish at 42 cents per share. The conglomerate has missed once in the past 3 quarters. General Electric Company is scheduled to report on Friday, Jan 23, before the start of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.


Surprise Trader can help you turn earnings surprises into quick profits. _PR_ earningssup_2>Learn how.


Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Jan 19 – 231. Prices are as of Thursday’s, Dec 18, market close.

Company Ticker Zacks Consensus Estimate Year Ago Actual Last Qtr Surprise Report Date Report Time Price
First Defiance FDEF $0.30 $0.50 (34.8%) 1/19/2009 AMC $8.00
Fuller(Hb) Co FUL $0.24 $0.53 0.0% 1/19/2009 N/A $14.19
Logitech Intl LOGI $0.44 $0.71 (15.8%) 1/19/2009 AMC $13.75
Macatawa Bank MCBC ($0.15) ($0.16) 37.5% 1/19/2009 AMC $2.50
S&T Bancorp Inc STBA $0.57 $0.54 (9.5%) 1/19/2009 BTO $30.51
Candela Corp CLZR ($0.17) ($0.13) (350.0%) 1/20/2009 AMC $0.48
Capital Bank CBKN $0.14 $0.13 (10.0%) 1/20/2009 N/A $6.50
Commerce Bancsh CBSH $0.62 $0.74 (8.5%) 1/20/2009 BTO $37.82
Cree Inc CREE $0.10 $0.08 0.0% 1/20/2009 AMC $16.98
Csx Corp CSX $0.90 $0.85 (2.2%) 1/20/2009 AMC $30.18
Fastenal FAST $0.41 $0.38 4.0% 1/20/2009 BTO $33.20
Forest Labs A FRX $0.76 $0.96 15.9% 1/20/2009 BTO $26.00
Fulton Finl FULT ($0.55) $0.22 (8.7%) 1/20/2009 AMC $8.05
Hancock Hldg Co HBHC $0.57 $0.60 (24.2%) 1/20/2009 AMC $35.85
Iberiabank Corp IBKC $0.72 $0.81 (2.5%) 1/20/2009 AMC $41.22
Intl Bus Mach IBM $3.03 $2.80 0.5% 1/20/2009 AMC $84.12
Jefferies Gp-Nw JEF ($2.38) ($0.17) (216.7%) 1/20/2009 BTO $12.67
Johnson & Johns JNJ $0.92 $0.88 5.4% 1/20/2009 BTO $57.62
New Oriental Ed EDU $0.07 $0.10 7.3% 1/20/2009 BTO $54.47
Omnova Solution OMN $0.09 $0.09 33.3% 1/20/2009 BTO $0.66
Pacific Contl PCBK $0.27 $0.28 (7.4%) 1/20/2009 AMC $12.32
Packaging Corp PKG $0.26 $0.46 (7.3%) 1/20/2009 AMC $13.37
Parker Hannifin PH $0.85 $1.23 7.1% 1/20/2009 BTO $39.77
Petmed Express PETS $0.20 $0.18 25.0% 1/20/2009 BTO $16.43
Raymond Jas Fin RJF $0.35 $0.47 5.4% 1/20/2009 AMC $16.26
Regions Finl Cp RF ($0.02) $0.24 (46.4%) 1/20/2009 BTO $6.10
State St Corp STT $1.16 $1.38 3.3% 1/20/2009 BTO $38.00
Suncor Energy SU $0.39 $0.66 0.0% 1/20/2009 BTO $21.11
Supertex Inc SUPX $0.20 $0.26 6.1% 1/20/2009 AMC $21.65
Td Ameritrade AMTD $0.31 $0.40 (3.3%) 1/20/2009 BTO $12.63
Tessco Tech Inc TESS $0.33 $0.29 N/A 1/20/2009 AMC $10.35
West Cst Bcp/Or WCBO ($0.09) ($0.49) 140.0% 1/20/2009 N/A $4.39
Westell Tech-A WSTL ($0.05) ($0.04) 22.2% 1/20/2009 AMC $0.28
Woodward Govnr WGOV $0.38 $0.36 0.0% 1/20/2009 AMC $21.06
Abbott Labs ABT $1.06 $0.93 2.6% 1/21/2009 BTO $49.22
Actions Semicon ACTS $0.05 $0.23 (10.0%) 1/21/2009 AMC $1.40
Adtran Inc ADTN $0.28 $0.27 0.0% 1/21/2009 BTO $14.84
Air Prods & Che APD $0.98 $1.16 0.8% 1/21/2009 BTO $56.07
Allegheny Tech ATI $0.89 $1.45 5.1% 1/21/2009 BTO $25.55
Amdocs Ltd DOX $0.50 $0.50 (14.3%) 1/21/2009 AMC $19.42
Amr Corp AMR ($0.65) ($0.74) 4.8% 1/21/2009 BTO $10.98
Blackrock Inc BLK $1.13 $2.52 (16.6%) 1/21/2009 BTO $116.67
Burlngtn Nsf Cp BNI $1.78 $1.46 12.4% 1/21/2009 BTO $63.37
Celadon Group CLDN $0.07 $0.08 8.3% 1/21/2009 AMC $8.10
Charlotte Russe CHIC $0.11 $0.56 (93.3%) 1/21/2009 AMC $4.74
Cnh Global Nv CNH $0.69 $0.50 36.3% 1/21/2009 AMC $14.86
Coach Inc COH $0.67 $0.69 0.0% 1/21/2009 BTO $16.81
F5 Networks Inc FFIV $0.26 $0.21 28.6% 1/21/2009 AMC $23.20
Hudson City Bcp HCBK $0.27 $0.16 0.0% 1/21/2009 BTO $13.16
Igate Corp IGTE $0.14 $0.09 15.4% 1/21/2009 BTO $6.50
Kinder Morg Eng KMP $0.54 $0.53 (18.6%) 1/21/2009 AMC $47.57
Labranche & Co LAB $0.17 $0.04 0.0% 1/21/2009 BTO $5.68
Mcmoran Explor MMR ($0.32) $0.31 21.5% 1/21/2009 BTO $8.79
Mts Systems MTSC $0.49 $0.47 26.9% 1/21/2009 AMC $25.96
Noble Corp NE $1.50 $1.35 5.1% 1/21/2009 AMC $21.44
Northern Trust NTRS $0.96 $0.97 (31.8%) 1/21/2009 BTO $48.28
Nve Corp NVEC $0.40 $0.36 17.1% 1/21/2009 AMC $23.66
Polycom Inc PLCM $0.32 $0.28 0.0% 1/21/2009 AMC $14.02
Popular Inc BPOP ($0.37) ($0.23) 39.7% 1/21/2009 BTO $4.89
Precision Castp PCP $1.70 $1.73 (1.6%) 1/21/2009 BTO $54.68
Progressive Cor PGR $0.35 $0.34 (412.1%) 1/21/2009 N/A $13.99
Sanmina-Sci Cp SANM $0.01 $0.02 0.0% 1/21/2009 AMC $0.38
Seagate Tech STX ($0.03) $0.76 13.0% 1/21/2009 AMC $4.33
Somanetics Corp SMTS $0.23 $0.19 15.0% 1/21/2009 BTO $16.31
Ual Corp UAUA ($4.03) ($0.47) 17.8% 1/21/2009 BTO $11.14
Us Bancorp USB $0.27 $0.66 (37.3%) 1/21/2009 BTO $19.02
Utd Techs Corp UTX $1.23 $1.08 3.0% 1/21/2009 BTO $49.69
Wipro Ltd-Adr WIT $0.14 $0.14 0.0% 1/21/2009 N/A $7.19
Adv Micro Dev AMD ($0.53) ($0.17) 132.5% 1/22/2009 AMC $2.26
Amcore Finl Inc AMFI ($0.30) $0.33 (777.8%) 1/22/2009 BTO $3.35
Amer River Bsh AMRB $0.33 $0.36 2.9% 1/22/2009 BTO $9.90
Amerisourcebrgn ABC $0.69 $0.62 4.3% 1/22/2009 BTO $36.85
Assoc Banc Corp ASBC $0.32 $0.55 2.8% 1/22/2009 N/A $16.12
Au Optroncs-Adr AUO ($0.53) $1.24 47.4% 1/22/2009 BTO $7.20
Avnet AVT $0.66 $0.89 (5.6%) 1/22/2009 BTO $17.91
Avx Corp AVX $0.09 $0.22 0.0% 1/22/2009 BTO $7.71
Bancorpsouth BXS $0.31 $0.39 (20.9%) 1/22/2009 AMC $18.81
Bank Of Ny Mell BK $0.68 $0.67 43.6% 1/22/2009 BTO $23.27
Baxter Intl BAX $0.89 $0.76 7.3% 1/22/2009 BTO $53.56
Bb&T Corp BBT $0.53 $0.75 (3.0%) 1/22/2009 BTO $20.99
Brinker Intl EAT $0.19 $0.31 0.0% 1/22/2009 BTO $9.42
Cabot Microelec CCMP $0.06 $0.51 (21.7%) 1/22/2009 BTO $22.33
Capital One Fin COF $0.39 $0.90 6.2% 1/22/2009 AMC $25.47
Cdn Natl Ry Co CNI $0.85 $0.91 6.2% 1/22/2009 AMC $34.45
Cit Group Inc CIT ($0.39) ($0.69) (11.8%) 1/22/2009 BTO $3.24
City National CYN $0.62 $0.96 (11.0%) 1/22/2009 AMC $37.08
Cobiz Finl Inc COBZ $0.16 $0.23 0.0% 1/22/2009 AMC $7.89
Columbus Mckinn CMCO $0.41 $0.53 (11.3%) 1/22/2009 BTO $13.04
Comerica Inc CMA $0.26 $0.77 57.1% 1/22/2009 BTO $14.60
Commnty Bk Sys CBU $0.37 $0.39 0.0% 1/22/2009 AMC $21.37
Cubist Pharm CBST $0.51 $0.16 29.4% 1/22/2009 AMC $22.66
Cypress Semicon CY ($0.31) $0.10 (312.5%) 1/22/2009 BTO $4.75
Deluxe Corp DLX $0.68 $0.77 (6.9%) 1/22/2009 BTO $13.12
Digi Intl Inc DGII $0.03 $0.14 55.6% 1/22/2009 AMC $7.47
Exelon Corp EXC $1.06 $1.02 (6.1%) 1/22/2009 BTO $53.04
Ezcorp Inc Cl A EZPW $0.35 $0.29 0.0% 1/22/2009 AMC $14.19
Federated Invst FII $0.51 $0.52 1.8% 1/22/2009 AMC $18.26
Fifth Third Bk FITB $0.03 $0.07 (119.1%) 1/22/2009 BTO $5.38
First Comw Finl FCF $0.16 $0.16 (22.2%) 1/22/2009 BTO $10.17
First Finl Hldg FFCH $0.42 $0.36 8.0% 1/22/2009 BTO $18.70
Franklin Resour BEN $0.86 $2.12 (12.2%) 1/22/2009 BTO $52.97
Google Inc-Cl A GOOG $4.23 $3.79 3.9% 1/22/2009 AMC $298.99
Huntington Banc HBAN $0.20 ($0.65) 27.3% 1/22/2009 BTO $4.29
Imation Corp IMN $0.13 $0.64 0.0% 1/22/2009 BTO $12.96
Interactive Brk IBKR $0.54 $0.46 6.6% 1/22/2009 AMC $18.08
Intl Game Tech IGT $0.27 $0.36 (9.7%) 1/22/2009 BTO $12.45
Intuitive Surg ISRG $1.31 $1.24 13.4% 1/22/2009 AMC $100.68
Itt Educational ESI $1.44 $1.20 11.3% 1/22/2009 BTO $111.81
Janus Cap Grp JNS $0.05 $0.33 (7.7%) 1/22/2009 BTO $6.74
Kelly Svcs A KELYA $0.12 $0.54 (74.1%) 1/22/2009 BTO $11.92
Keycorp New KEY ($0.02) $0.06 (162.5%) 1/22/2009 BTO $6.22
Knight Cap Gp NITE $0.37 $0.50 66.7% 1/22/2009 BTO $15.85
Lockheed Martin LMT $1.89 $1.89 1.0% 1/22/2009 BTO $79.48
Lsi Industries LYTS $0.02 $0.22 200.0% 1/22/2009 BTO $6.89
M&T Bank Corp MTB $1.14 $1.52 (4.7%) 1/22/2009 BTO $42.59
Matthews Intl-A MATW $0.48 $0.50 1.5% 1/22/2009 AMC $34.55
Memc Elec Matrl WFR $0.62 $1.05 (9.8%) 1/22/2009 AMC $14.11
Meredith Corp MDP $0.43 $0.73 2.5% 1/22/2009 BTO $17.76
Microsoft Corp MSFT $0.49 $0.50 2.1% 1/22/2009 AMC $19.24
Monro Muffler MNRO $0.28 $0.27 5.6% 1/22/2009 BTO $24.14
Netscout Systms NTCT $0.16 $0.04 23.5% 1/22/2009 AMC $13.77
Nokia Cp-Adr A NOK $0.39 $0.69 (15.4%) 1/22/2009 BTO $14.05
Oceanfirst Finl OCFC $0.32 $0.26 (11.1%) 1/22/2009 AMC $14.97
Old Rep Intl ORI ($0.25) ($0.05) (25.0%) 1/22/2009 BTO $11.55
Peoples Utd Fin PBCT $0.13 $0.16 0.0% 1/22/2009 AMC $16.65
Potash Sask POT $2.37 $1.16 10.7% 1/22/2009 BTO $69.86
Sherwin William SHW $0.53 $0.88 18.1% 1/22/2009 BTO $56.34
Smith (Ao) Corp AOS $0.24 $0.81 25.0% 1/22/2009 BTO $31.61
Southwest Air LUV $0.07 $0.12 50.0% 1/22/2009 BTO $8.28
Suntrust Bks STI $0.18 $0.02 (22.2%) 1/22/2009 BTO $20.89
Synaptics Inc SYNA $0.50 $0.33 34.5% 1/22/2009 AMC $20.60
Synovus Finl Cp SNV ($0.44) $0.28 (162.5%) 1/22/2009 AMC $5.66
Taiwan Semi-Adr TSM $0.09 $0.20 0.0% 1/22/2009 BTO $7.37
Tcf Finl Corp TCB $0.24 $0.50 (20.0%) 1/22/2009 BTO $10.61
Technitrol Inc TNL $0.09 $0.52 (14.3%) 1/22/2009 AMC $3.21
Twin Disc TWIN $0.25 $0.37 (52.2%) 1/22/2009 N/A $6.70
Ucbh Hldgs Inc UCBH ($0.08) $0.19 (200.0%) 1/22/2009 AMC $3.83
Union Pac Corp UNP $1.28 $0.93 6.2% 1/22/2009 BTO $41.23
Unitedhealth Gp UNH $0.78 $0.92 0.0% 1/22/2009 BTO $24.89
Valley Natl Bcp VLY $0.28 $0.22 (25.0%) 1/22/2009 BTO $15.87
China Bak Batry CBAK $0.01 ($0.02) 42.9% 1/23/2009 N/A $1.68
Dime Comm Bncsh DCOM $0.25 $0.17 0.0% 1/23/2009 BTO $12.45
Gatx Corp GMT $0.59 $0.62 35.7% 1/23/2009 BTO $28.59
Genl Electric GE $0.44 $0.68 0.0% 1/23/2009 BTO $13.77
Harley-Davidson HOG $0.58 $0.78 (10.1%) 1/23/2009 BTO $13.95
Mb Financl Inc MBFI $0.27 $0.44 (11.6%) 1/23/2009 BTO $21.34
Schlumberger Lt SLB $1.10 $1.11 2.4% 1/23/2009 BTO $40.18
Webster Finl Cp WBS $0.18 $0.10 (37.0%) 1/23/2009 BTO $9.80
Xerox Corp XRX $0.34 $0.41 0.00% 1/23/2009 BTO $7.82

BMO = Before The Market Open, AMC = After Market Close

1Some of the companies listed in the earnings calendar may not be in the Zacks Rank universe.

“NTCT” Free Stock Analysis: Buy? Sell? Hold?
“BNI” Free Stock Analysis: Buy? Sell? Hold?
“UTX” Free Stock Analysis: Buy? Sell? Hold?
“JNJ” Free Stock Analysis: Buy? Sell? Hold?
“IBM” Free Stock Analysis: Buy? Sell? Hold?
“GE” Free Stock Analysis: Buy? Sell? Hold?
“MSFT” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Last 5 posts by Charles Rotblut

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Abbott Labs, ABC, ADTRAN Inc., Allegheny;, Amcore Finl Inc;, Amdocs Ltd, Amer River Bsh;, amr corp, Assoc Banc Corp;, Avnet;, Avx Corp;, Bancorpsouth;, Bank Of Ny Mell;, Baxter Intl, BB&T Corp., BlackRock Inc., Brinker Intl;, Burlington Northern Santa Fe Corporation, Cabot, Candela Corp;, Cdn Natl Ry Co;, Celadon Group;, cent;, Charles Rotblut, Cit Group Inc, CNH Global NV, Coach Inc., Cobiz Finl Inc;, Comerica Inc, Cree Inc., CSX Corp, Deluxe Corp;, Digi Intl Inc;, Dime Comm Bncsh;, Exelon Corp;, EZCORP Inc.;, F5 Networks Inc., Federal Reserve System, Fifth Third, Franklin Resour;, Fuller(Hb) Co, GATX Corp., General Electric Company, google, Hancock Hldg Co;, Harley Davidson, Iberiabank Corp;, Igate Corp;, Imation Corp;, International Business Machines, Jefferies, Johnson, Jr., Kelly Svcs;, Keycorp, Labranche & Co;, Lockheed Martin, Logitech Intl;, Lsi Industries, M&T Bank Corp., Macatawa Bank;, Martin Luther King, Matthews Intl;, Mb Financl Inc;, Meredith Corp;, Microsoft Corp, mid-December;, Mts Systems;, National Science Foundation, NetScout Systems Inc, Noble Corp;, Northern Trust, Nve Corp;, Old Rep Intl;, Packaging Corp, Parker Hannifin, Polycom Inc;, Popular Inc;, Potash, Raymond Jas Fin;, S&T Bancorp Inc;, Sanmina-Sci;, Schlumberger, Smith (Ao) Corp;, Somanetics Corp;, Southwest, Sp 500, State St Corp;, Stocks to Watch, Suncor Energy, SunTrust, Supertex Inc;, Synaptics Inc;, Synovus;, Tcf Finl Corp;, Technitrol Inc;, Tessco Tech Inc;, Ual Corp, Ucbh Hldgs Inc;, Union Pac Corp;, United States, United Technologies Corporation;, Us Bancorp, USD, Utd Techs Corp, wireless carriers, Xerox Corp.;, Zacks Market Commentaries, Zacks.com




About Charles Rotblut (http://www.zacks.com/)
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.

In addition, Mr. Rotblut is spearheading the development of investment education products, including the recently released Zacks Method for Trading.

Mr. Rotblut is a Chartered Financial Analyst (CFA). He has analyzed publicly traded and privately held companies. His experience includes working for INVESTools (an investment education company), Curian Capital (a money management firm) and McClure, Schumacher & Associates (a business valuation firm). Mr. Rotblut holds a journalism degree from the University of Kansas.

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