Top Earnings Previews for the Week Ahead (STP, TIF, TFM, HNZ, JOY, P, CIEN, OVTI, SPLK)

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We have prepared an earnings calendar for the week ahead.  Considering that it is going to be a very lightly attended week for investors there are just not that many key earnings report on deck.  Estimates were taken from Thomson Reuters and color has been added on this which we selected.  Here is a list of some of the companies we are tracking for earnings reports in the week ahead:

Monday

Suntech Power Holdings Co. Ltd. (NYSE: STP) is not exactly important to the solar sector any longer, but it is important to know whether or not the company is doomed after it disclosed fraud against the company. Estimates are -$0.47 EPS and $472.15 million in sales.

Tiffany & Co. (NYSE: TIF) is down over 25% from its highs still but this will be watched closely.  Estimates for the July quarter are $0.74 EPS and $891.6 million in sales.

Wednesday

Fresh Market Inc. (NASDAQ: TFM) has enjoyed what we would say is ‘the Whole Foods halo-effect’ and now we will see if it can live up to high expectations after having doubled off of its lows.  Estimates are $0.27 EPS and $308 million in revenue.

H.J. Heinz Co. (NYSE: HNZ) is expected to report $0.80 EPS and $2.84 billion in sales.

Joy Global Inc. (NYSE: JOY) is expected to report $1.88 EPS and $1.42 billion. Keep in mind that shares had been cut in almost half during the sell-off during the first half but they have recovered in the last 30 days or so.

Pandora Media, Inc. (NYSE: P) is expected to turn in earnings of -$0.03 EPS on almost $101 million in revenue.  Last quarter the online radio provider managed to post a loss of only half as bad as expected.

Thursday

Ciena Corp. (NASDAQ: CIEN) is set to report Thursday and its shares have so far been somewhat insulated from the woes of Europe and worries over telecom and communications equipment spending. Estimates are -$0.02 EPS and $473.5 million in revenue.

OmniVision Technologies Inc. (NASDAQ: OVTI) will be closely watched since it is supposed to be an Apple Inc. (NASDAQ: AAPL) iPhone supply winner. Estimates are $0.22 EPS and $243.77 million.  It was treated harshly after missing its last earnings expectations.

Splunk, Inc. (NASDAQ: SPLK) has managed to hold up well with its real-time operational intelligence for data management inside enterprises. It has only been public since April so this will be its first full quarter report as a public company.  Estimates are -$0.04 EPS and $39.8 billion in revenue.

As a note, these estimates and dates can change and some may have already changed.

JON C. OGG

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