Cisco Systems, Inc. (NASDAQ: CSCO) is due Wednesday after the close. This one will be key to watch as it has been in a quiet period. We expect layoffs to be announced as part of the restructuring. Around $17.54 late on Friday, its 52-week range is $16.52 to $26.80 and analysts have a mean target of about $22.50 on the stock now. The only good news here is that estimates have come down enough that the bar is set rather low. Thomson Reuters has estimates of $0.37 EPS and $10.86 billion in revenues; next quarter estimates are $0.42 EPS and $11.68 billion in revenues. Our caveat here is simple… Wall Street is fickle enough that John Chambers is going to have fight for his CEO life if the company is much more pessimistic than peers all over again for the coming year. The good news about the Chambers ouster theory is that it is very possible he could hod on to the Chairman role and hand the CEO role over to a successor.
Macy’s Inc. (NYSE: M) is due Wednesday after the close. Thomson Reuters has estimates of $0.17 EPS and $5.81 billion in revenues; next quarter estimates are $0.42 EPS and $5.73 billion in revenues. At $26.33 late on Friday, its 52-week range is $16.93 to $26.99. Watch for valuations here.
Symantec Corporation (NASDAQ: SYMC) is due Wednesday afternoon and this one is back at the top of a key long-term trading range that has been in place. At $19.42 late on Friday, the 52-week range here is $12.04 to $19.82. The old rule has been to buy under $15 and sell as it gets close to $20, so we’ll see if it can finally change that. Thomson Reuters has estimates of $0.36 EPS and $1.6 billion in revenues; next quarter estimates are $0.36 EPS and $1.55 billion in revenues.
Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) is due Wednesday morning, Thomson Reuters has estimates of $1.04 EPS and $4.26 billion in revenues; next quarter estimates are $4.52 billion EPS and $4.52 in revenues. Teva is at the lower end of its 52-week range and it is involved in an acquisition now. Shares remain cheap, but the trading for the last half-year suggests there is a reason for that. At $47.25 late on Friday, the 52-week range is $44.86 to $60.38.
Toyota Motor Corporation (NYSE: TM) is due Wednesday and of course we’ll be looking for more impact from the Japan catastrophe and more details on the wind-down of all those past recalls. Thomson Reuters has estimates of $0.64 EPS and $63.42 billion in revenues; next quarter estimates are $0.50 EPS and $64.13 billion in revenues. At $79.09 per ADR late on Friday, the 52-week range is $67.56 to $93.90 for the ADRs.
Nordstrom Inc. (NYSE: JWN) is due Thursday after the close. Thomson Reuters has estimates of $0.66 EPS and $2.2 billion in revenues; next quarter estimates are $0.75 EPS and $2.62 billion in revenues. Shares were around $47.50 late Friday and the 52-week range is $28.44 to $48.70.
NVIDIA Corporation (NASDAQ: NVDA) is due Thursday after the close and we’ll be looking for more data on its expectations for sales of its new chips and processors. Thomson Reuters has estimates of $0.19 EPS and $946.89 million in revenues; next quarter estimates are $0.24 EPS and $992.11 million in revenues. Shares were at $19.38 late on Friday and the 52-week range is $8.65 to $26.17.
SunPower Corporation (NASDAQ: SPWRA) is due Thursday after the close. Thomson Reuters has estimates of $0.17 EPS and $482.19 million in revenues; next quarter estimates are $0.31 EPS and $600.32 million in revenues. The latest deal from Total has been a game-changing event. Shares popped significantly on that. The stock was at $21.40 late on Friday and the 52-week range is $9.61 to $22.60.
As a reminder, these are not the only earnings reports due and some of these dates and estimates may have already changed.
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JON C. OGG
