Investing

Next Week's Top Earnings on Deck (CIEN, URBN, AIB, DMND, DYN, FNSR, AEO, MCP, CWTR, FMCN, ARO, CLNE, NSM)

Earnings season has mostly come to a close but we still have many companies trickling out earnings which could easily move the needle on shares.  This coming week we will be watching out for earnings reports from Ciena Corporation (NASDAQ: CIEN), Urban Outfitters Inc. (NASDAQ: URBN), Allied Irish Banks plc (NYSE: AIB), Diamond Foods, Inc. (NASDAQ: DMND), Dynegy Inc. (NYSE: DYN), Finisar Corporation (NASDAQ: FNSR), American Eagle Outfitters Inc. (NYSE: AEO), Molycorp, Inc. (NYSE: MCP), Coldwater Creek Inc. (NASDAQ: CWTR), Focus Media Holding Ltd. (NASDAQ: FMCN), Aeropostale, Inc. (NYSE: ARO), Clean Energy Fuels Corp. (NASDAQ: CLNE), and National Semiconductor Corporation (NYSE: NSM)

We have provided earnings estimates from Thomson Reuters, some general price and value data, and added color on each if applicable.

Ciena Corporation (NASDAQ: CIEN) reports Monday morning and is a rather late come-along technology earnings play in the earnings season wind-down. Thomson Reuters has estimates of -$0.16 EPS and $421.9 million revenues; estimates ahead for the current quarter are -$0.05 EPS and $438.54 million in revenues.  Shares closed at $28.81 on Friday versus a 2010-end close of $21.05 and the 52-week trading range is $11.86 to $29.24.  Shares are close a high here and 2011 has so far been solid for Ciena.  Chances are that the company can’t be just expected to meet and confirm guidance.  Investors will want to see above-estimate results.

Urban Outfitters Inc. (NASDAQ: URBN) is due on Monday after the close and we all know how volatile this stock can be on news historically.  Thomson Reuters has estimates of $0.52 EPS and $674.92 million; estimates ahead for the current quarter are $0.36 EPS and $545.96 million in revenues.  Shares closed at $38.50 on Friday versus a 2010-end close of $35.81 and the 52-week trading range is $29.03 to $40.84.

Allied Irish Banks plc (NYSE: AIB) is one we saw was tentatively due with earnings on Tuesday and should be rather insightful yet again as far as just how dire the Irish banking situation is.  At a recently split adjusted price of $3.55 on Friday, its 52-week trading range (adjusted) is $2.90 to $23.75.

Diamond Foods, Inc. (NASDAQ: DMND) reports earnings after the close Tuesday and it is one of the few food companies which both grew during the recession and it is up well over 200% over the last 3-year period.  Thomson Reuters has estimates of $0.89 EPS and $265.13 million in revenues; estimates ahead for the current quarter are $0.49 EPS and $208.67 million in revenues.  Shares closed at $50.56 on Friday versus a 2010-end close of $53.13 and the 52-week trading range is $36.72 to $55.97.

Dynegy Inc. (NYSE: DYN) is one we saw on the calendar due Tuesday with earnings but there exists an information gap for the most part here.  The problem is that management basically all left and its IEP merger agreement was terminated.  At $5.60, its 52-week range is $2.76 to $8.05.

Finisar Corporation (NASDAQ: FNSR) is due with earnings after the close of trading on Tuesday and shares have risen sharply in the last year.  Thomson Reuters has estimates of $0.47 EPS and $257.93 million in revenues; estimates ahead for the current quarter are $0.48 EPS and $268.55 million revenues.  Shares closed at $43.22 on Friday versus a 2010-end close of $29.69 and the 52-week trading range is $11.98 to $46.09.  This is another one where expectations may be higher than the official consensus.