Top Earnings Previews for the Week Ahead (SLW, TSN, SPWRA, DIS, CSCO, CSC, DDS, M, MBIA, NWS, KSS, MCP, SODA, JCP, PBR)

Earnings season is still going strong, but we are now getting into the late-cycle companies which have a one-month lag to their earnings reports.  Several key stocks are due this next week and we have compiled detailed previews on each of the following: Silver Wheaton Corporation (NYSE: SLW); Tyson Foods Inc. (NYSE: TSN); SunPower Corporation (NASDAQ: SPWRA); Walt Disney Co. (NYSE: DIS); Cisco Systems Inc. (NASDAQ: CSCO); Computer Sciences Corporation (NYSE: CSC); Dillard’s Inc. (NYSE: DDS); Macy’s Inc. (NYSE: M); MBIA Inc. (NYSE: MBI); News Corporation (NASDAQ: NWS); Kohl’s Corporation (NYSE: KSS); Molycorp Inc. (NYSE: MCP); Sodastream International Ltd. (NASDAQ: SODA); J.C. Penney Co. Inc. (NYSE: JCP); and Petroleo Brasileiro SA (NYSE: PBR).

We have shown estimates from Thomson Reuters, given price performance data, and added in appropriate color where applicable.  We are not including consensus price targets from analysts this week because the huge drops in shares this week will distort the implied upside artificially as those targets may be coming down sharply in many cases.

MONDAY, AUGUST 8

Silver Wheaton Corporation (NYSE: SLW) has estimates of $0.46 EPS and $221.3 million in revenues; next quarter estimates are $0.52 EPS and $253.9 million in revenues.  Shares are trading around $33.00, the 52-week trading range is $17.00 to $47.60.  If metals and metals stocks continue the volatility, this one will be far less important to traders than it has been.  While it is still up 100% from lows, look at how much it is down from highs as silver has proven over and over that $40 is a death trap.

Tyson Foods Inc. (NYSE:    TSN) has estimates of $0.41 EPS and $8.3 billion in revenues; next quarter estimates are $0.41 EPS and $8.16 billion in revenues.  Shares are trading around $16.00, the 52-week trading range is $14.59 to $20.12.  Tyson is supposed to be a defensive stock, but its narrow focus on meats has prevented that safety net from being the case as have some missteps.  The chicken is choked.

TUESDAY, AUGUST 9

SunPower Corporation (NASDAQ: SPWRA) has estimates of -$0.18 EPS and $583 million in revenues; next quarter estimates are $0.21 EPS and $741.7 million in revenues.  Shares are trading around $17.00, the 52-week trading range is $9.61 to $23.36. The merger-lite move in recent weeks was recently met with lower guidance and the sector has been under pressure from all fronts.

Walt Disney Co. (NYSE: DIS) has estimates of $0.73 EPS and $10.45 billion in revenues; next quarter estimates are $0.67 EPS and $10.8 billion in revenues.  Shares are trading around $34.90, the 52-week trading range is $31.55 to $44.34.  The Mouse House has yet to stay turned around.  This was a $44.00 stock less than ninety days ago and the stock has never recovered.

WEDNESDAY, AUGUST 10

Cisco Systems Inc. (NASDAQ: CSCO) has estimates of $0.38 EPS and $10.97 billion in revenues; next quarter estimates are $0.39 EPS and $10.98 billion in revenues.  Shares are trading around $14.60, the 52-week trading range is $14.36 (Friday) to $24.87.  What is there to say… a restructuring, layoffs, slow enterprise spending, austerity measures slowing IT, and on and on.

Computer Sciences Corporation (NYSE: CSC) has estimates of $0.69 EPS and $3.99 billion in revenues; next quarter estimates are $0.99 EPS and $4.05 billion in revenues.  Shares are trading around $32.40, the 52-week trading range is $32.11 (Friday) to $56.61.  8-times earnings and dirt cheap value… but, who cares in this environment.

Dillard’s Inc. (NYSE: DDS) has estimates of $0.25 EPS and $1.42 billion in revenues; next quarter estimates are $0.31 EPS and $1.36 billion in revenues.  Shares are trading around $51.15, the 52-week trading range is $19.26 to $61.08.  Activist moves drove it higher and now the stock is in limbo.

Macy’s Inc. (NYSE: M) has estimates of $0.49 EPS and $5.86 billion in revenues; next quarter estimates are $0.14 EPS and $5.85 billion in revenues.  Shares are trading around $25.85, the 52-week trading range is $18.76 to $30.62. Shares have come off highs nicely, but the real trend is whether Macy’s believes that the retailers are able to hold up to estimates ahead.

MBIA Inc. (NYSE: MBI) has estimates of $0.07 EPS and $140.2 million in revenues; next quarter estimates are -$0.91 EPS and $140.25 million in revenues.  Please keep in mind that there is hardly an analyst following here for ‘consensus’ to be formed.  Shares are trading around $7.40, the 52-week trading range is $7.20 (Friday) to $14.96.  This one is only listed because it can be volatile with earnings.

News Corporation (NASDAQ: NWS) has estimates of $0.30 EPS and $8.44 billion in revenues; next quarter estimates are $0.29 EPS and $7.73 billion in revenues.  Shares are trading around $14.50, the 52-week trading range is $11.91 to $18.35.  With all of the problems from the phone tap scandals, investors will be focusing on this one more than normal.

THURSDAY, AUGUST 11

Kohl’s Corporation (NYSE: KSS) has estimates of $1.02 EPS and $4.32 billion in revenues; next quarter estimates are $0.78 EPS and $4.47 billion in revenues.  Shares are trading around $46.80, the 52-week trading range is $44.07 to $58.00.

Molycorp Inc. (NYSE: MCP) has estimates of $0.40 EPS and $98.6 million in revenues; next quarter estimates are $0.68 EPS and $144.5 million in revenues.  Shares are trading around $54.00, the 52-week trading range is $13.05 to $79.16.  Earnings are here now but the major story still remains a 2011 story.  Now it comes down to China’s rare earth export quotas.

Sodastream International Ltd. (NASDAQ: SODA) has estimates of $0.24 EPS and $50.1 million in revenues; next quarter estimates are $0.29 EPS and $54.6 million in revenues.  Shares are trading around $69.00, the 52-week trading range is $23.15 to $79.72.  This is not a market mover but has been a major growth stock and a major cult stock.

FRIDAY, AUGUST 12

J.C. Penney Co. Inc. (NYSE: JCP) has estimates of $0.06 EPS and $3.9 billion in revenues; next quarter estimates are $0.26 EPS and $4.22 billion in revenues.  Shares are trading around $28.00, the 52-week trading range is $19.42 to $41.00.  More retail news, no more no less.

Petroleo Brasileiro SA (NYSE: PBR) does not really have U.S. estimates but this is a big oil name for investors.  Shares are trading around $28.75, the 52-week trading range is $28.11 (Friday) to $42.75.

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JON C. OGG