Investing

Next Week's Can't Miss Earnings (ATHN, SQNM, ABK, NKE, FDX, GME, COMS, PALM)

Earnings season is over.  Well, sort of.  We have the delayed reports and the reports from companies which have off-regular quarterly or fiscal earnings.  Next week we have AthenaHealth, Inc. (NASDAQ: ATHN), Sequenom Inc. (NASDAQ: SQNM), AMBAC Financial (NYSE: ABK), Nike Inc. (NYSE: NKE), FedEx Corporation (NYSE: FDX), Gamestop Corp. (NYSE: GME), 3Com (NASDAQ: COMS) and Palm, Inc. (NASDAQ: PALM) are all scheduled to report earnings.  We have handicapped the events with basic previews and Thomson Reuters, and we have added color for traders on what else to look for outside of the numbers.

AthenaHealth, Inc. (NASDAQ: ATHN) is on deck for earnings on Monday after the closing bell.  Be advised that we have not confirmed this release due to its recent earnings delay along with its annual report delay.  Thomson Reuters has estimates at $0.17 EPS on just over $55 million.  At $38 and change, shares have held up rather well considering its delayed 10-K and it telegraphing that earnings restatements were likely.  Its 52-week trading range is $23.15 to $47.82.  Due to the recent changes, this one is going to be a wait and see for many traders and investors.  For whatever it is worth, the open interest here is leaning toward the PUTS over CALLS by more than 2 to 1.

Sequenom In.c (NASDAQ: SQNM) is also on deck for earnings after the close on Monday.  While this one is down over the last five sessions, Sequenom has exhibited a stellar return from its lows with gains of 200% or more.  We are not looking at estimates here because the withdrawn Down’s Syndrom test has marked that largely irrelevant.  The company’s last cash balance with securities included was over $65 million.  The company may have some of its woes behind it, but calling the ball here may be alchemy rather than science.