Earnings season is slowing down as we have over 80% of the S&P 500 companies having reported earnings for the first quarter of 2011. We do still have key companies reporting earnings and we wanted to highlight these with detailed previews. You will notice at the end that many solar companies are reporting earnings as well.
Our key earnings previews are in the following: Activision Blizzard Inc. (NASDAQ: ATVI); Hecla Mining Co. (NYSE: HL); LDK Solar Co., Ltd. (NYSE: LDK); Rackspace Hosting Inc. (NYSE: RAX); Silver Wheaton Corporation (NYSE: SLW); Tyson Food, Inc. (NYSE: TSN); Canadian Solar Inc. (NASDAQ: CSIQ); Dean Foods Co. (NYSE: DF); Helen of Troy Corporation (NASDAQ: HELE); JA Solar Holdings Co. Ltd. (NASDAQ: JASO); Molycorp Inc. (NYSE: MCP); STEC Inc. (NASDAQ: STEC); The Walt Disney Co. (NYSE: DIS); Wendy’s/Arby’s Group Inc. (NYSE: WEN); ArcelorMittal SA (NYSE: MT); Cisco Systems, Inc. (NASDAQ: CSCO); Macy’s Inc. (NYSE: M); Symantec Corporation (NASDAQ: SYMC); Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA); Toyota Motor Corporation (NYSE: TM); Nordstrom Inc. (NYSE: JWN); NVIDIA Corporation (NASDAQ: NVDA); SunPower Corporation (NASDAQ: SPWRA); and Urban Outfitters Inc. (NASDAQ: URBN).
We have provided more detailed previews on the major stocks and the sector-moving stocks and just added in color on the rest. Included on all are price action and Thomson Reuters estimates.
Activision Blizzard Inc. (NASDAQ: ATVI) follows EA and expectations will be high now that EA performed well this last week. It reports on Monday after the Close of trading. Thomson Reuters has estimates of -$0.36 EPS and $515.06 million in revenues; next quarter estimates are $0.15 EPS and $925.93 million in revenues. With shares at $21.78 late Friday the 52-week range is $14.06 to $22.17 and that $22.17 high was hit on Friday.
Hecla Mining Co. (NYSE: HL) will be key to watch after its big drop this last week. It is due to report Monday morning. Thomson Reuters has estimates of $0.13 EPS and $118.57 million in revenues; next quarter estimates are $0.14 EPS and $124.43 million in revenues.
LDK Solar Co., Ltd. (NYSE: LDK) reports Thomson Reuters has estimates of $0.85 EPS and $783.87 million in revenues; next quarter estimates are $0.70 EPS and $801.64 million in revenues. Shares were at $10.34 late Friday against a 52-week range of $4.97 to $15.10.
Rackspace Hosting Inc. (NYSE: RAX) reports Monday and Thomson Reuters has estimates of $0.12 EPS and $226.26 million in revenues; next quarter estimates are $0.13 EPS and $238.62 million in revenues. This will be one more high-flying cloud play on deck and with shares close to $43 late Friday its 52-week range is $15.15 to $46.49. With a super-high earnings multiple and a very strong performance, we think it has to beat estimates and raise guidance. If not, look out below. Also the company has said it wants to remain independent.
Silver Wheaton Corporation (NYSE: SLW) reports Monday and it has been very volatile with silver this last week. Thomson Reuters has estimates of $0.42 EPS and $199.23 million in revenues; next quarter estimates are $0.51 EPS and $233.93 million in revenues. Shares were close to $36.00 late on Friday and the 52-week range is $17.00 to $47.60.
Tyson Foods, Inc. (NYSE: TSN) reports Monday and Thomson Reuters has estimates of $0.43 EPS and $7.52 billion in revenues; next quarter estimates are $0.47 EPS and $8.05 billion in revenues. With flooding this last week and a tornado swarm the prior week, investors will want to know more on its outlook. SHares were around $19.00 late Friday and the 52-week range is $14.59 to $20.12.
Canadian Solar Inc. (NASDAQ: CSIQ) reports Tuesday. Thomson Reuters has estimates of $0.41 EPS and $423.49 million in revenues; next quarter estimates are $0.39 EPS and $437.31 million in revenues. Shares were at $9.75 late Friday against a 52-week range of $8.99 to $17.63.
