Top Earnings Previews For This Week (AIG, ATVI, AWK, CMCSA, EA, FSLR, GMCR, KFT, PFE, PG, YELP)
Last week was a jam-packed week of earnings reports and this week has many key reports. We have provided earnings previews for 11 companies we expect to follow this week. Estimates are from Thomson Reuters on the consensus earnings revenue targets as well as on the consensus price targets. We have added color on each as well.
Electronic Arts Inc. (NASDAQ: EA) reports on Tuesday and shares are being hit Monday after a research downgrade from Longbow. Shares are down over 2% at $11.15 and the 52-week range is $10.86 to $26.13. The analysts have a consensus price target of $19.19 for this video game leader. Estimates are -$0.42 EPS and $501.37 million as this is the throw-away quarter. The consensus estimates for a year ahead FY March 2013) are $1.07 EPS on $4.3 billion in revenues.
Pfizer Inc. (NYSE: PFE) also reports on Tuesday. The estimates for the Big Pharma giant are $0.54 EPS and $14.9 billion in revenue for the quarter. At $23.75, the 52-week range is $16.63 to $23.94 and the consensus price target is $25.78 one year out.
Comcast Corporation (NASDAQ: CMCSA) reports on Wednesday and estimates for the cable giant are $0.48 EPS and $15.2 billion in revenue. At $32.30, the 52-week range is $19.19 to $32.78 and the consensus price target objective is $34.75 for one year ahead.
First Solar Inc. (NASDAQ: FSLR) keeps facing negative industry news and Canaccord Genuity said it was lowering the price target to $15 just today. At $14.10, the 52-week range is $11.43 to $123.86 and the consensus price target was almost $23.50. Estimates are 0.91 EPS on $817.6 million in sales. Regardless of the report, we would expect that Maxim will continue to project negative numbers here.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) reports on Wednesday and the coffee giant remains in a conundrum. Estimates are $0.50 EPS on $873.8 million in sales, but the big question is what lies ahead as patents expire and partnerships could be changing. At $18.00 on Monday, the 52-week range is $17.11 to $115.98 and the consensus analyst price target is supposedly still up around $50 if you trust it.
Yelp Inc. (NYSE: YELP) is a recent IPO and the social review of restaurants and other venues is expected to report on Wednesday for its first full quarterly earnings report as a public company. Estimates are -$0.06 EPS and $30.53 million in revenue. Shares are screaming higher after an Apple app and a 6% gain to $20.75 compares to a post-IPO range of 14.10 to $31.96 and analysts have a price target of $26 on Yelp.
American International Group Inc. (NYSE: AIG) reports on Thursday and it is a total wild card as to how its earnings expectations will really come. We currently have a consensus of $0.58 EPS on $8.84 billion in revenue. With shares close to $31.50, the 52-week range is $19.18 to $35.05 and the consensus target price on the stock from analysts is $37.75. Be advised, with shares over $40 do not be shocked if Uncle Sam decides to sell more shares.
American Water Works Company Inc. (NYSE: AWK) is due to report on Thursday. The largest water utility in America hit hey a new all-time high all over again on Monday and the dividend yield is getting lower for new investors even though its payout was just recently hiked and pays 2.7%. Earnings estimates are $0.49 EPS and $708.6 million in revenue.
Activision Blizzard Inc. (NASDAQ: ATVI) reports on Thursday and perhaps we will hear more of the separation of Activision and Blizzard. Estimates are $0.12 EPS on $831.8 million in revenue. At $11.99, the 52-week range is $10.40 to $14.40 and the consensus analyst price target on the stock is $15.54 a year out.
Kraft Foods Inc. (NASDAQ: KFT) also reports on Thursday, and we look to hear from the DJIA component about more of its ongoing break-up. Estimates are $0.66 on $14 billion in revenue. At $39.50 it has a 52-week range of $31.88 to $40.29 and analysts have a consensus price target of almost $44 on the food giant.
Procter & Gamble (NYSE: PG) is due to report earnings on Friday. The consumer products giant just recently defended the plan and actions of its CEO and the company is now under from activists so we will be watching for comments on that front. At $65.00, the 52-week range is $57.56 to $67.95 and the consensus analyst target is $67.13 as of Monday. Earnings estimates are $0.77 EPS and $20.25 billion in revenue.
These of course are not the only important earnings coming out this week but these are the reports we will certainly be covering each morning and afternoon.
JON C. OGG