Earnings season is mostly behind us, but we do have some sector-moving earnings next week. For Monday, the top earnings are from Charter Communications, Inc. (NASDAQ: CHTR), Dendreon Corporation (NASDAQ: DNDN), Lowe’s Companies, Inc. (NYSE: LOW), and priceline.com Incorporated (NASDAQ: PCLN). Tuesday’s top earnings for traders will be from the following: AutoZone Inc. (NYSE: AZO), El Paso Corporation (NYSE: EP), First Solar, Inc. (NASDAQ: FSLR), Tech Data Corporation (NASDAQ: TECD), Transocean Ltd. (NYSE: RIG), and Vitamin Shoppe Inc. (NYSE: VSI).
We have compiled earnings estimates using Thomson Reuters consensus targets and have added color if applicable.
Monday, February 27
Charter Communications, Inc. (NASDAQ: CHTR) has estimates of -$0.32 EPS and $1.83 billion in revenue. Shares hit a new post-restructuring high on Friday and are up over 50% from the 52-week lows.
Dendreon Corporation (NASDAQ: DNDN) has estimates of -$0.23 EPS and $119.8 million in revenue. Shares are back up around $15.00, still above the mean consensus target of $12.82 from analysts but still down less than half from its 52-week high and up over 100% from its 52-week low. This is all about the adoption of PROVENGE from doctors and it is expected to be getting back on track. Watch guidance closely. 2102 estimates are -$1.61 EPS on $392.6 million in sales.
Lowe’s Companies, Inc. (NYSE: LOW) has estimates of $0.24 EPS and $11.34 billion in revenue. Home Depot already laid the path here with earnings. Shares are within 5% or so of a 52-week high after pulling back about $1.00 this last week after Home Depot’s earnings.
priceline.com Incorporated (NASDAQ: PCLN) has estimates of $5.05 EPS and $968.3 million in revenue. Next quarter estimates are $3.73 EPS and $1.02 billion in sales. This company is now entering the area of its business cycle that analysts are going to be expecting $1 billion in sales per quarter.
Tuesday, February 28
AutoZone Inc. (NYSE: AZO) has estimates of $4.04 EPS and $1.78 billion in revenue. Another high-priced $300+ stock challenging all-time highs.
El Paso Corporation (NYSE: EP) has estimates of $0.29 EPS and $1.35 billion in revenue.
First Solar, Inc. (NASDAQ: FSLR) has estimates of $1.55 EPS and $782.22 million in revenue. For the following quarter the estimates are $0.77 EPS and $789.3 million in sales. For 2012, estimates are for earnings top drop on sales growth of 31% to $3.78 billion. Can you say ‘endless margin compression’ fast enough? Shares are down about 75% or more from the 52-week high.
Tech Data Corporation (NASDAQ: TECD) has estimates of $1.66 EPS and $7.16 billion in revenue. All technology companies who ship out products to retail and wholesale channels will watching.
Transocean Ltd. (NYSE: RIG) has estimates of $0.21 EPS and $2.32 billion in revenue.
Vitamin Shoppe Inc. (NYSE: VSI) has estimates of $212.67 million in revenue. This one might not sound like much with a $1.26 billion value, but many downstream and upstream companies will be watching.
More previews will be coming for those reports coming Wednesday through Friday after the week gets underway.
As a reminder, some estimates and dates may change or may have already changed.
JON C. OGG