Cubist Pharmaceuticals Inc. (NASDAQ: CBST) estimates are $0.41 EPS and $174.8 million in revenues; estimates for the next report look for a net loss of $0.27 EPS and $180.3 million in revenues. Shares are now trading around $36.25 and the 52-week trading range is $20.56 to $39.29. Since Cubist has risen so sharply since its settlement and since some are now considering it a possible merger target again, this will be closely watched on an individual basis even if it does not really act as a drug or biotech sector-mover.
Google Inc. (NASDAQ: GOOG) estimates are $7.86 EPS and $6.54 billion in revenues; estimates for the next report are $8.30 EPS and $6.86 billion in revenues. Shares are now trading around $532.74 and the 52-week trading range is $447.65 to $642.96. Google is one of those top companies that will affect all of the summer market, but it will directly influence a sphere of influence over anything tied to internet and advertising.
J B Hunt Transport Services Inc. (NASDAQ: JBHT) estimates are $0.53 EPS and $1.11 billion in revenues; estimates for the next report are $0.57 EPS and $1.15 billion in revenues. Shares are now trading around $48.56 and the 52-week trading range is $31.76 to $49.12. This is the first real shipping and transportation report from the king of truckers. Shares have not just recently hit a 52-week high, they recently hit an all-time high.
J.P. Morgan Chase & Co. (NYSE: JPM) reports on Thursday, July 14. The safest of the “too big to fail” banks has estimates of $1.22 EPS and $25.22 billion in revenues; estimates for the next report are $1.19 EPS and $24.65 billion in revenues. Shares are now trading around $40.65 and the 52-week trading range is $35.55 to $48.54. We are going to look for continued improvements in credit delinquencies and in charge-offs. Unfortunately, we are also looking for the slowing of loans to act as a drag. This will be one of the companies which shape earnings season.
Citigroup, Inc. (NYSE: C) is more of a sector influence than J.P. Morgan because it is in the same credit boat as so many other bailed-out banks. It is also one of those top 15 reports to watch as earnings season kicks off. Citi’s report is due on Friday and its estimates are $0.97 EPS and $19.94 billion in revenues; next quarter estimates are $1.01 EPS and $19.89 billion in revenues. Shares are now trading around $42.05 and the 52-week trading range is $36.30 to $51.50. The big look in Citi is going to be in its book values, which were as follows last quarter: stated book value of $58.50 and a tangible book value of $46.90.
Mattel Inc. (NASDAQ: MAT) is due next Friday, and while not a market-mover it is a sector-mover in toys and spending for the youth. Its estimates are $0.16 EPS and $1.10 billion in revenues; estimates for the next report are $0.86 EPS and $1.96 billion in revenues. Shares are now trading around $27.82 and the 52-week trading range is $19.56 to $28.17.
One reminder we would like to make is that these earnings estimates are likely to change marginally ahead of reports. That will particularly be the case for companies who have competitors reporting first.
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JON C. OGG