Earnings season is winding down, but next week will bring several key earnings which could move the markets are can definitely move sectors. Top earnings we are watching are from priceline.com Inc. (NASDAQ: PCLN), Tyco International Ltd. (NYSE: TYC), Cisco Systems Inc. (NASDAQ: CSCO), Computer Sciences Corp. (NYSE: CSC), Macy’s Inc. (NYSE: M), NVIDIA Corp. (NASDAQ: NVDA), Petrobras Petroleo Brasileiro (NYSE: PBR), a
nd The Walt Disney Co. (NYSE: DIS). We also possibly have earnings from Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR). We have given previews using Thomson Reuters estimates, provided how the shares have done and what their average price targets are, and we have added additional color in on each where applicable.
priceline.com Inc. (NASDAQ: PCLN) is set to report earnings on Monday. Thomson Reuters has estimates for the online you-name-it travel price destination site of $4.97 EPS and $973.63 million in revenues; next quarter estimates are $2.68 EPS and $689.35 million in revenues. With shares around $386.00, the 52-week trading range is $166.67 to $387.95 and analysts have an average price target of $366. A new 52-week high was almost put in Friday morning. With a monster performance and a huge share price, a split is a possibility. If you can believe it, priceline now has a market cap north of $18 billion. priceline won’t move the market, but it may move online travel sites and it is likely to have a very high degree of volatility either way.
Tyco International Ltd. (NYSE: TYC) is due to report earnings on Tuesday before the open. Thomson Reuters has estimates for the broken up conglomerate of $0.66 EPS and $4.44 billion in revenues; next quarter estimates are $0.72 EPS and $4.32 billion in revenues. With shares around 39.00, the 52-week trading range is $33.84 to $40.61 and analysts on average have an average price target of more than $44.50.
Computer Sciences Corp. (NYSE: CSC) is due on Wednesday morning. Thomson Reuters has estimates of $1.17 EPS and $4.00 billion in revenues; next quarter estimates are $1.48 EPS and $4.20 billion in revenues. With shares around $49.80, the 52-week trading range is $39.61 to $58.36 and the average analyst price target is around $51.70. CSC has been a dead-money stock for some time, but it is also one of our deep value tech stocks that we have screened out.
Cisco Systems Inc. (NASDAQ: CSCO) is the big kahuna of the week, and the networking and communications backbone provider’s stance can and may move the markets and the tech sector as a whole after its earnings report Wednesday after the closing bell. Thomson Reuters has estimates of $0.40 EPS and $10.73 billion in revenues; next quarter estimates are $0.42 EPS and $11.08 billion in revenues. With shares around $24.00, the 52-week trading range is $19.82 to $27.74 and analysts have an average price target around $27.20. What is obvious as a nose wart is that John Chambers was far too cautious last quarter. Things have improved for most companies and even those were it has not it has failed to get worse. If Chambers is too cautious, then it means his datacenter gamble and deciding to fight too many companies for business has backfired. Look for more specifics on that dividend that was promised as well.
