Next Week's Top Earnings on Deck (CIEN, URBN, AIB, DMND, DYN, FNSR, AEO, MCP, CWTR, FMCN, ARO, CLNE, NSM)

Earnings season has mostly come to a close but we still have many companies trickling out earnings which could easily move the needle on shares.  This coming week we will be watching out for earnings reports from Ciena Corporation (NASDAQ: CIEN), Urban Outfitters Inc. (NASDAQ: URBN), Allied Irish Banks plc (NYSE: AIB), Diamond Foods, Inc. (NASDAQ: DMND), Dynegy Inc. (NYSE: DYN), Finisar Corporation (NASDAQ: FNSR), American Eagle Outfitters Inc. (NYSE: AEO), Molycorp, Inc. (NYSE: MCP), Coldwater Creek Inc. (NASDAQ: CWTR), Focus Media Holding Ltd. (NASDAQ: FMCN), Aeropostale, Inc. (NYSE: ARO), Clean Energy Fuels Corp. (NASDAQ: CLNE), and National Semiconductor Corporation (NYSE: NSM)

We have provided earnings estimates from Thomson Reuters, some general price and value data, and added color on each if applicable.

Ciena Corporation (NASDAQ: CIEN) reports Monday morning and is a rather late come-along technology earnings play in the earnings season wind-down. Thomson Reuters has estimates of -$0.16 EPS and $421.9 million revenues; estimates ahead for the current quarter are -$0.05 EPS and $438.54 million in revenues.  Shares closed at $28.81 on Friday versus a 2010-end close of $21.05 and the 52-week trading range is $11.86 to $29.24.  Shares are close a high here and 2011 has so far been solid for Ciena.  Chances are that the company can’t be just expected to meet and confirm guidance.  Investors will want to see above-estimate results.

Urban Outfitters Inc. (NASDAQ: URBN) is due on Monday after the close and we all know how volatile this stock can be on news historically.  Thomson Reuters has estimates of $0.52 EPS and $674.92 million; estimates ahead for the current quarter are $0.36 EPS and $545.96 million in revenues.  Shares closed at $38.50 on Friday versus a 2010-end close of $35.81 and the 52-week trading range is $29.03 to $40.84.

Allied Irish Banks plc (NYSE: AIB) is one we saw was tentatively due with earnings on Tuesday and should be rather insightful yet again as far as just how dire the Irish banking situation is.  At a recently split adjusted price of $3.55 on Friday, its 52-week trading range (adjusted) is $2.90 to $23.75.

Diamond Foods, Inc. (NASDAQ: DMND) reports earnings after the close Tuesday and it is one of the few food companies which both grew during the recession and it is up well over 200% over the last 3-year period.  Thomson Reuters has estimates of $0.89 EPS and $265.13 million in revenues; estimates ahead for the current quarter are $0.49 EPS and $208.67 million in revenues.  Shares closed at $50.56 on Friday versus a 2010-end close of $53.13 and the 52-week trading range is $36.72 to $55.97.

Dynegy Inc. (NYSE: DYN) is one we saw on the calendar due Tuesday with earnings but there exists an information gap for the most part here.  The problem is that management basically all left and its IEP merger agreement was terminated.  At $5.60, its 52-week range is $2.76 to $8.05.

Finisar Corporation (NASDAQ: FNSR) is due with earnings after the close of trading on Tuesday and shares have risen sharply in the last year.  Thomson Reuters has estimates of $0.47 EPS and $257.93 million in revenues; estimates ahead for the current quarter are $0.48 EPS and $268.55 million revenues.  Shares closed at $43.22 on Friday versus a 2010-end close of $29.69 and the 52-week trading range is $11.98 to $46.09.  This is another one where expectations may be higher than the official consensus.

American Eagle Outfitters Inc. (NYSE: AEO) reports Wednesday morning and Thomson Reuters has estimates of $0.43 EPS and $923.01 million in revenues; estimates ahead for the current quarter are $0.17 EPS and $636.1 million in revenues.  Shares closed at $15.41 on Friday versus a 2010-end close of $14.63.

Molycorp, Inc. (NYSE: MCP) is due on Wednesday for earnings and it is going to have some mixed fanfare.  The company has great promise, but it will have losses as its revenues are not expected to start kicking in for the most part until late 2011 and into next year for its growth.  We don’t need to tell you how high it has risen due to the “Rare Earth” trade.  Valuation is very high and it recently had a huge offering that saturated the free float of shares.

Coldwater Creek    Inc. (NASDAQ: CWTR) is due after the close on Wednesday.  It will not move the market at all, but this one has been hit hard as it tries to find its footing.  Thomson Reuters has estimates of -$0.26 EPS and $282.75 million revenues; estimates ahead for the current quarter are -$0.05 EPS and $238.05 million in revenues.  Shares closed at $2.90 on Friday versus a 52-week trading range of $2.71 to $8.75.

Focus Media Holding Ltd. (NASDAQ: FMCN) is due Wednesday morning and offers good insight to the Chinese media and advertising market.  Thomson Reuters has estimates of $0.37 EPS and $142.46 million in revenues; estimates ahead for the current quarter are $0.22 EPS and $114.2 million in revenues.  Shares closed at $27.50 on Friday versus a 2010-end close of $21.93 and the 52-week trading range is $14.36 to $28.15.

Aeropostale, Inc. (NYSE: ARO) is due Thursday after the close and the retailer has not really come back strong with the market after last summer’s earnings disappointment caused a blow-up that sent shares from over $30 to under $22 before the dust settled. Thomson Reuters has estimates of $0.97 EPS and $838.22 million in revenues; estimates ahead for the current quarter are $0.43 EPS and $479.58 million in revenues.  Shares closed at $25.57 on Friday versus a 2010-end close of $24.64 and the 52-week trading range is $21.26 to $32.24.

Clean Energy Fuels Corp. (NASDAQ: CLNE) is due Thursday after the close.  Again, no market mover here.  It is one that traders and alternative energy players like to follow because it is T. Boone Pickens’ natural gas fuel for trucks play.  Thomson Reuters has estimates of $0.00 EPS and $67.62 million in revenues; estimates ahead for the current quarter are -$0.01 EPS and $67.28 million in revenues.  Shares closed at $13.65 on Friday versus a 2010-end close of $13.84 and the 52-week trading range is $11.75 to $23.70.  This remains a long-term rather than near-term story and more capital (and more friendly energy policies per The Pickens Plan) are required for it to achieve its plans.

National Semiconductor Corporation (NYSE: NSM) is due with its earnings after the close on Thursday.  Another late-cycle earnings season tech company… Thomson Reuters has estimates of $0.24 EPS and $353.96 million in revenues; estimates ahead for the current quarter are $0.27 EPS and $368.37 million in revenues.  Shares closed at $15.51 on Friday versus a 2010-end close of $13.76 and the 52-week trading range is $11.84 to $16.00.

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JON C. OGG