Next Week’s Must See Earnings On Deck (ADM, BP, PFE, ERTS, QCOM, SIRI, KFT, SBUX)

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QUALCOMM Incorporated (NASDAQ: QCOM) will show earnings and how well its CDMA smartphone device sales are coming on Wednesday after the close. Thomson Reuters has estimates of $0.59 EPS and $2.84 billion in revenues; next quarter estimates are $0.64 EPS and $2.98 billion in revenues.  With shares around $45.43, the 52-week trading range is $31.63 to $49.80.

Sirius XM Radio Inc. (NASDAQ: SIRI) is not one of the most important companies, but it has nearly 20 million users now and it is very actively traded.  Its earnings are due Thursday morning and Thomson Reuters has estimates of $0.00 EPS and $718.69 million in revenues; next quarter estimates are $0.00 EPS and $739.78 billion in revenues.  With shares around $1.47, the 52-week trading range is $0.56 to $1.49.  That $1.49 was hit this morning and there is a belief that $1.50 represents a large hurdle.  The company has raised guidance and everyone still wants to know about the status of Howard Stern’s  contract as it expires at the end of this year.  We’ll also look to see if SIRIUS XM has anymore debt restructuring under the table.

Kraft Foods Inc. (NYSE: KFT) has the DJIA component and food giant’s earnings due on Thursday after the close.  Thomson Reuters has estimates of $0.46 EPS and $12.00 billion in revenues; next quarter estimates are $0.48 EPS and $13.32 billion in revenues.  With shares around $32.20, the 52-week trading range is $26.31 to $32.67.  The business is different now and investors are still adapting to the new structure.  Apparently they are adapting rather well since the stock was just recently on 52-week highs.  On the chart, $33, $34, and $35 have all been approximate resistance targets over the last 5 years and the stock has been one of the many dead-money stocks of the last decade.

Starbucks Corp. (NASDAQ: SBUX) is on deck next Thursday after the closing bell.  Thomson Reuters has estimates for the coffee retail giant of $0.32 EPS and $2.77 billion in revenues; next quarter estimates are $0.38 EPS and $2.91 billion in revenues.  With shares around $28.61, the 52-week trading range is $18.85 to $28.80.  Valuations here are still elevated and recently hitting new highs will create a situation where Starbucks needs to beat and raise guidance just to keep the stock where it is.

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JON C. OGG