Retail Earnings Eyed As Earnings Season Draws To Close

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As the week unfolds, a slew of report cards from retailers, including specialty retailers, branded apparel makers, departmental store operators and food and beverage companies are scheduled to be released. The performance of retailers is considered to be a barometer of consumer spending, which makes up roughly 71% of the U.S. economic activity. Although depressed job markets had restrained income growth, consumers did not completely give up on spending, as stimulus measures provided them with the wherewithal to spend. Therefore, it will be interesting to watch how resilient the consumers were in the calendar year fourth quarter, which encompasses the key 'holiday selling' season.

Additionally, some utility, healthcare and medical equipment makers are set to announce quartely results. AES Corp., CenterPoint Energy, CMS Energy, Home Depot, J. M. Smucker, Kohl's, King Pharma, Limited Brands, Macy's, Mylan, Sears Holdings, Target, Sempra Energy, Toll Brothers and many others are among the important companies scheduled to release results.

February 22

From the world's largest soup maker Campbell Soup Co. (CPB), Wall Street expects second-quarter earnings of $0.73 per share on revenues of $2.24 billion. The company, which would unveil quarterly results before the bell, Monday, earned $0.65 per share on revenues of $2.12 billion last year.

According to analysts, Constellation Energy Group, Inc. (CEG) of Baltimore, Maryland is expected to earn $0.25 per share on revenues of $4.35 billion, for the fourth-quarter. The group, which would report quarterly earnings before the bell, Monday, earned $0.03 per share on revenues of $4.93 billion a year ago. For the fiscal 2009, the group raised its earnings outlook to $3.25-$3.45 per share. Analysts are looking for earnings $3.30 per share.

For home improvement retailer Lowe's Companies Inc. (LOW) Street forecasts fourth-quarter earnings per share of $0.12 per share on revenues of $10.0 billion, while the company is looking for earnings of $0.09 - $0.13 per share. The company, which is set to report before the bell, Monday, earned $0.11 per share on revenues of $9.98 billion, in the earlier-year quarter. For the fiscal, the company expects earnings of $1.16 - $1.20 per share, with total sales decline of 2% - 3%. The consensus estimates call for earnings of $1.22 per share on revenues of $47.12 billion for the fiscal.

Monday, after the bell, diversified energy firm DTE Energy Co. (DTE) is set to report third-quarter results, as analysts expect earnings of $0.72 per share on revenues of $2.54 billion. A year before, the company posted profit of $0.88 per share on revenues of $2.17 billion.

Fashion specialty retailer Nordstrom Inc. (JWN) will reveal its fourth-quarter numbers after the bell, Monday, with the Street predicting earnings of $0.78 per share on revenues of $2.53 billion. In the prior-year quarter, the group earned $0.31 per share on revenues of $2.30 billion. For fiscal year 2009, Nordstrom expects earnings of $1.83 - $1.88 per share, while analysts look for $1.95 per share.

Electronics specialty retailer RadioShack Corp. (RSH) would publish fourth-quarter earnings after the market closed February 22, as Street expects earnings of $0.58 per share on revenues of $1.32 billion. In the corresponding year last year, the company earned $0.50 per share on revenues of $1.26 billion. In December, Barclays Capital upgraded its rating for RadioShack to "Overweight."

Other significant companies reporting on Monday include Cumberland Pharmaceuticals, Inc. (CPIX), DTS Inc. (DTSI), Endo Pharmaceuticals Holdings Inc. (ENDP), Geo Group Inc. (GEO), Forest Oil Corp. (FST), Healthcare Realty Trust Inc. (HR), MedAssets, Inc. (MDAS), Texas Roadhouse Inc. (TXRH), Xenoport, Inc. (XNPT) and many more....

February 23

Tuesday, before the bell, logistics company Expeditors International of Washington Inc. (EXPD) is slated to deliver quarterly results, with consensus calling for earnings of $0.28 per share on revenues of $1.10 billion. In the year ago quarter, the company earned $0.36 per share on revenues of $1.31 billion. Last month, Credit Suisse upgraded Expeditors International to 'Outperform' from 'Neutral' and increased its price target to $42 from $35.

The world's largest home improvement retailer Home Depot Inc. (HD) is scheduled to unveil fourth-quarter earnings before the bell, Tuesday, with analysts predicting earnings per share of $0.16 on revenues of $14.06 billion. The Dow component earned $0.19 per share on revenues of $14.61 billion, last year. For 2009, the company expects adjusted earnings from continuing operations of about $1.55 per share, while the Street projects earnings of $1.56 per share.

Plano, Texas-based upstream oil company Denbury Resources Inc. (DNR) is set to publish quarterly results before the market opens Tuesday. Analysts foresee earnings of $0.18 per share on revenues of $264.15 million. A year ago, it earned $0.14 per share on revenues of $223.90 million.

According to analysts, department stores operator Macy's Inc. (M) would earn fourth-quarter profit of $1.32 per share on revenues of $7.85 billion, while the company forecast earnings of $1.35 - $1.37 per share. A year earlier, it earned $1.32 per share on revenues of $7.93 billion. For fiscal 2009, the company views adjusted earnings of $1.36 - $1.38 per share, while consensus call for $1.34 per share. The quarterly results are expected before the bell, Tuesday.

On 23 February, before the market opens, pharmacy benefit manager Medco Health Solutions, Inc. (MHS) is expected to report fourth-quarter, with analysts projecting a profit of $0.75 per share on revenues of $15.09 billion. In the prior-year quarter, it earned $0.59 per share on revenues of $12.96 billion. The company sees full-year earnings per share of $2.80 - $2.82, while analysts look for $2.82 per share.

Minneapolis, Minnesota-based medical equipment maker Medtronic, Inc. (MDT) will reveal third-quarter financials before the bell, Tuesday, with analysts predicting $0.76 per share on revenues of $3.86 billion. A year ago, it earned $0.71 per share on revenues of $3.49 billion.

From office supplies retailer Office Depot Inc. (ODP), which is set to release fourth-quarter numbers before the bell, Tuesday, Wall Street expects loss per share of $0.22 on revenues of $2.97 billion. In the year-ago quarter, Office Depot lost $0.73 per share on revenues of $3.27 billion.

Broadline retailer Sears Holdings Corp. (SHLD) is scheduled to report fourth-quarter results before the bell, Tuesday, with the Street expecting earnings of $3.54 per share on revenues of $12.90 billion, while the group foresees earnings of $3.36 - $4.06 per share. A year before, it earned $2.94 per share on revenues of $13.28 billion. For the fiscal, the group expects GAAP earnings of $1.61 - $2.29 per share, while consensus call for $2.39 per share.

Minneapolis, Minnesota-based discount-store operator Target Inc. (TGT) would announce fourth-quarter results before the market opens on 23 February, with consensus calling for $1.16 per share on revenues of $20.13 billion. Last year, it earned $0.81 per share on revenues of $19.56 billion.

Dallas, Texas-based hospital chain Tenet Healthcare Corp. (THC) is expected to earn $0.01 per share on revenues of $2.28 billion for the fourth-quarter, according to analysts. For the corresponding period in 2008, the group lost $0.01 per share on revenues of $2.19 billion. Tenet will report earnings before the bell, Tuesday.

Vornado Realty Trust (VNO) will check in fourth-quarter results before the bell, Tuesday, with analysts looking for profit of $0.87 per share on revenues of $675.45 million. In the comparable period last year, it lost $0.50 per share on revenues of $696.26 million.

Generic and branded drug maker Watson Pharmaceuticals Inc. (WPI) would reveal quarterly numbers before the bell, Tuesday, with analyst forecasting $0.72 per share on revenues of $716.0 million. Last year, it earned $0.53 per share on revenues of $645.23 million. For the full-year, the company expects adjusted earnings of $2.50 - $2.58 per share, or above, on net revenues of more than $2.7 billion. Consensus estimates calls for $2.56 per share on revenues of $2.73 billion.

Utility company Sempra Energy (SRE) is set to report fourth-quarter results before the bell, Tuesday, with analysts expecting $1.10 per share on revenues of $2.14 billion. A year ago, the company earned $1.30 per share on revenues of $2.29 billion.

Tuesday, after the bell, independent oil and gas producer Range Resources Corp. (RRC) is scheduled to report fourth-quarter results, with the Street predicting $0.27 per share on revenues of $278.12 million. Last year, it earned $0.33 per share on revenues of $345.0 million.

For design software maker Autodesk, Inc. (ADSK) analysts forecast fourth-quarter earnings of $0.22 per share on revenues of $432.0 million, while the company foresees adjusted earnings between $0.19 and $0.24 per share on revenues of $420 million - $440 million. For the fiscal 2010, the company expects, adjusted earnings of $0.88 and $0.93 per share on revenues ranging between $1.68 billion and $1.7 billion. Analysts expect to earnings of $0.91 per share on revenue of $1.69 billion. The group would report earnings after the bell, Tuesday.

Tuesday, after the bell, Wynn Resorts, Limited (WYNN) would report fourth-quarter results, with analysts looking for $0.12 per share on revenues of $784.68 million. In the previous year, the group earned $0.07 per share on revenues of $614.28 million.

Tuesday's report card includes Acorda Therapeutics, Inc. (ACOR), Amedisys Inc. (AMED), Barnes & Noble, Inc. (BKS), DreamWorks Animation SKG Inc. (DWA), Iconix Brand Group, Inc. (ICON), IdaCorp, Inc. (IDA), Papa John's International Inc. (PZZA), Volcano Corp. (VOLC), Waste Services Inc. (WSII) and others...

February 24

Wednesday, before the market opens, wireless and broadcast communications infrastructure provider American Tower Corp. (AMT) is slated to release fourth-quarter numbers, with analysts looking for $0.18 per share on revenues of $445.19 million. In the prior-year period, the company earned $0.20 per share on revenues of $408.32 million.

Electric and natural gas utility company CMS Energy Corp. (CMS) is set to release fourth-quarter results before the bell, Wednesday,with analysts predicting $0.36 per share on revenues of $1.71 billion. A year before, CMS Energy earned $0.30 per share on revenues of $1.84 billion. For the fiscal, the group sees adjusted earnings guidance of $1.25 per share, in line with estimates.

Print and related services provider R.R. Donnelley & Sons Co. (RRD) will publish fourth-quarter results before the bell, Wednesday, with Wall Street projecting earnings of $0.43 per share on revenues of $2.51 billion. A year earlier, the group earned $0.63 per share on revenues of $2.80 billion.

Stamford, Connecticut-based telecommunication services provider Frontier Communications Corp. (FTR) would report quarterly earnings before market opens, Wednesday. Analysts project earnings of $0.15 per share on revenues of $522.23 million. Last year, the company earned $0.11 per share on revenues of $547.39 million.

Food products maker The J. M. Smucker Co. (SJM) will check in third-quarter results before the bell, Wednesday, with analysts forecasting $1.05 per share on revenues of $1.16 billion. In the corresponding period a year before, it earned $0.88 per share on revenues of $1.18 billion.

For discount store chain TJX Companies, Inc. (TJX) Wall Street predicts $0.91 per share on revenues of $5.98 billion, while the company foresees earnings from continuing operations between $0.90 and$0.91 per share. In the year-ago quarter, the group earned $0.55 per share on revenues of $5.38 billion. For the fiscal, TJX projects earnings from continuing operations of $2.80 - $2.81 per share. Analysts expect profit of $2.81 per share. The Framingham, Massachusetts-based company is set to reveal quarterly results before the bell, Wednesday.

Wednesday, before the bell, the largest U.S. luxury homebuilder Toll Brothers Inc. (TOL) would unveil financials. The Street foresees loss per share of $0.35 on revenues of $324.90 million. In the earlier-year quarter, the group lost $0.55 per share on revenues of $409.02 million.

Wednesday, after the market closes, pharmacy benefit manager Express Scripts, Inc. (ESRX) will publish fourth-quarter results, with consensus calling for earnings of $0.90 per share on revenues of $7.40 billion. In the previous year, the company earned $0.83 per share on revenues of $5.51 billion. Express Scripts sees full-year adjusted earnings of $3.76 - $3.82 per share, while analysts foresee $3.45 per share.

According to analysts, industrial pump and valve maker Flowserve Corporation (FLS), which will report fourth-quarter results after the bell on February 24, would earn $1.87 per share on revenues of $1.11 billion. In the prior-year quarter it earned $2.03 per share on revenues of $1.17 billion. The group predicts GAAP earnings of $7.20 - $7.50 per share, for the full-year. Analysts foresee earnings of $7.49 per share.

Equity real estate investment trust Health Care REIT, Inc. (HCN) is set to report fourth-quarter results after the bell, Wednesday, with analysts looking for $0.75 per share on revenues of $144.74 million. A year ago, the group made profit of $0.83 per share on revenues of $147.12 million. For the full-year, the company expects normalized FFO of $3.10 - $3.12 per share, while consensus call for $3.12 per share.

From the maker of Victoria's Secret brand, Limited Brands, Inc. (LTD) the Street expects quarterly earnings of $0.98 per share on revenues of $3.05 billion, while the company expects $0.92 - $0.97 per share. The specialty retailer, scheduled to report fourth-quarter results after the bell, Wednesday, earned $0.68 per share on revenues of $2.99 billion, last year. For the full-year, the company forecasts adjusted earnings of $0.93 - $1.08 per share, while analysts foresee $1.20 per share.

Wednesday, after the bell, San Francisco, California-based Salesforce.com (CRM) would report quarterly earnings, with analysts looking for $0.15 per share on revenues of $342.18 million. The company expects fourth-quarter profit of $0.14 - $0.15 per share on revenues of $340 million - $342 million. For the fiscal, the company expects earnings per share of $0.62 - $0.63 on revenues of $1.292 billion - $1.294 billion. Consensus estimates calls for earnings of $0.63 per share on revenues of $1.08 billion.

Wednesday's earnings slate also includes AmSurg Corp. (AMSG), Chico's FAS Inc. (CHS), Dollar Tree, Inc. (DLTR), Helix Energy Solutions Group, Inc. (HLX), JMP Group Inc. (JMP), Clearwire Corp. (CLWR), Saks Inc. (SKS),Smith Micro Software Inc. (SMSI), Tyler Technologies, Inc. (TYL), United Natural Foods, Inc. (UNFI), Weingarten Realty Investors (WRI) and many others....

February 25

Thursday, before the market opens, non-alcoholic beverages maker Dr Pepper Snapple Group, Inc. (DPS) is slated to report fourth-quarter results, with analysts projecting earnings of $0.43 per share on revenues of $1.40 billion. A year ago, it earned $0.39 per share on revenues of $1.38 billion. The company sees full year earnings of $2.12 to $2.16 per share. Analysts look for $1.97 per share.

From telecommunications company Century Tel, Inc. (CTL) of Monroe, Louisiana, which is scheduled to report fourth-quarter financial performance before the bell, Thursday, analysts expect $0.88 per share on revenues of $1.84 billion. In the year-ago quarter it earned $0.88 per share on revenues of $642.65 million.

Denver, Colorado-based gold producer Newmont Mining Corp. (NEM) would release fourth-quarter results before the bell, Thursday. Consensus call for earnings of $0.79 per share on revenues of $2.02 billion. In the prior-year quarter, the company earned $0.26 per share on revenues of $1.34 billion.

From department store chain Kohl's Corp. (KSS) Wall Street anticipates profit of $1.37 per share on revenues of $5.67 billion, while the company expects earnings of $1.36 - $1.37 per share. The group, which will report before the bell, Thursday, earned $1.10 per share on revenues of $5.24 billion, in the previous year.

Pittsburgh, Pennsylvania-based packaged foods company HJ Heinz Co. (HNZ) is set to report third-quarter earnings before the bell, Thursday, with analysts looking for earnings of $0.76 per share on revenues of $2.66 billion. The company forecast quarterly earnings from continuing operations of around $0.82 per share. A year earlier, it earned $0.76 per share on revenues of $2.41 billion.

Information protection and storage services provider Iron Mountain Inc. (IRM) would reveal fourth-quarter results before the bell, Thursday. Analysts predict earnings of $0.24 per share on revenues of $776.89 million, while The company forecasts revenues of $766 million - $786 million. In the prior-year quarter, it earned $0.21 per share on revenues of $752.56 million. For the full year 2009, the company sees revenues of $3 billion - $3.02 billion, while analysts expect $3.01 billion.

Drug maker King Pharmaceuticals Inc. (KG) will publish fourth-quarter results before the bell, Thursday, with consensus calling for $0.24 per share on revenues of $445.90 million. Last year, the company earned $0.24 per share on revenues of $347.73 million.

Canonsburg, Pennsylvania-based generic drugmaker Mylan, Inc. (MYL) is expected to report fourth-quarter profit of $0.30 per share on revenues of $1.25 billion, according to analysts. The company expects 2009 adjusted earnings of $1.24 - $1.28 per share, while analysts look for $1.27 per share. A year before, the group reported a profit of $0.26 per share on revenues of $1.20 billion. Results of the company are expected before market opens on February 25.

Wireless telecommunications carrier MetroPCS Communications Inc. (PCS) would publish fourth-quarter results before the bell, Thursday, with analysts forecasting $0.06 per share on revenues of $893.87 million. A year ago, it earned $0.04 per share on revenues of $723.63 million.

Thursday, before the bell, food and drug retailer Safeway Inc. (SWY) would unveil fourth-quarter numbers. Analysts look for $0.53 per share on revenues of $12.59 billion. In the year-ago period, the company earned $0.79 per share on revenues of $13.82 billion. For the full-year, company expects earnings between $1.70 and $1.90 per share. Analysts look for $1.74 per share.

Thursday, after the market closes, Specialty retailer Gap Inc. (GPS) would report fourth-quarter results, with the Street projecting $0.49 per share on revenues of $4.22 billion. The San Francisco, California-based company earned $0.34 per share on revenues of $4.08 billion, last year.

From engineering and construction firm Fluor Corp. (FLR) analyst expect earnings of $0.88 per share on revenues of $5.48 billion. In the previous year, the group earned $1.04 per share on revenues of $6.07 billion. For the fiscal 2009, the group sees earnings of $3.75 - $3.90 per share. Analysts foresee earnings of $3.83 per share. The group would release earnings report after the market closes, Thursday.

Chicago, Illinois-based Diversified holding company Integrys Energy Group, Inc. (TEG) is set to deliver fourth-quarter numbers, with consensus calling for $0.49 per share on revenues of $479.0 million. A year earlier, it earned $0.30 per share on revenues of $3.42 billion. For the full year 2009, the company expects adjusted earnings per share between $2.26 and $2.38, while analysts seek $2.39 per share.

Software solutions provider Novell Inc. (NOVL) would reveal first-quarter financials after the bell, Thursday, with the Street expecting earnings of $0.07 per share on revenues of $207 million, while the company forecasts revenues of $200 million to $210 million. In the prior year, it earned $0.07 per share on revenues of $241.87 million.

According to analysts, oil and natural gas producer Southwestern Energy Co. (SWN) would earn fourth-quarter profit of $0.44 per share on revenues of $471.79 million. The group, which is set to report after the bell, Thursday, earned $0.30 per share on revenues of $500.08 million.

Thursday, after the bell, Titanium Metals Corp. (TIE) will release fourth-quarter earnings, with analysts predicting earnings of $0.01 per share on revenues of $175.60 million. Last year, it earned $0.12 per share on revenues of $265.20 million.

Thursday's report card includeApplied Signal Technology, Inc. (APSG), Aqua America Inc. (WTR), The Blackstone Group (BX), Continental Resources Inc. (CLR), Cogent Inc. (COGT), Deckers Outdoor Corp. (DECK), Digital Realty Trust Inc. (DLR),Deutsche Telekom AG (DT), Dynegy Inc. (DYN), Frontier Oil Corp. (FTO), First American Corp. (FAF), Human Genome Sciences Inc. (HGSI), Hyatt Hotels Corp. (H), Monarch Casino & Resort Inc. (MCRI), Olympic Steel Inc. (ZEUS), Tim Hortons Inc. (THI), Universal Health Services Inc. (UHS), Volcom Inc. (VLCM) and many more....

February 26

Friday, before the bell, utility company CenterPoint Energy, Inc., (CNP) is slated to reveal fourth-quarter results, as Wall Street forecast earnings of $0.30 per share on revenues of $2.29 billion. A year before, it earned $0.25 per share on revenues of $2.77 billion. For the fiscal 2009, the company's earnings outlook is $1.05 - $1.15 per share. Analysts look for $1.22 per share.

Electric and natural gas utility company Pepco Holdings Inc. (POM) will report fourth-quarter financials, before the bell, Friday, with the Street looking for earnings of $0.20 per share on revenues of $2.41 billion. Last year, it earned $0.32 per share on revenues of $2.48 billion.

Natural gas provider Nicor Inc. (GAS) would report fourth-quarter earnings before the bell, Friday, with analysts looking for $1.03 per share on revenues of $928.0 million. In the previous year, it earned $1.05 per share on revenues of $1.04 billion. For 2009, the company views earnings of $2.69 - $2.89 per share, while analysts look for $2.75 per share.

Friday, before the bell, advertising and marketing services provider Interpublic Group of Companies Inc. (IPG) is scedules to publish fourth-quarter results. Street consensus call for earnings of $0.25 per share on revenues of $1.75 billion. A year ago, the group posted profit of $0.39 per share on revenues of $1.90 billion.

Friday, after the bell, AES Corp. (AES) is slated to check in fourth-quarter results, with Wall Street projecting $0.19 per share on revenues of $3.39 billion. In the corresponding period last year, the group earned $0.18 per share on revenues of $3.54 billion. The electric utility company's full-year adjusted earnings view is for $1.09 per share, while analysts look for $1.08 per share.

Friday, AM Castle & Co. (CAS), Calgon Carbon Corporation (CCC), Frontline Ltd. (FRO), Magellan Health Services Inc. (MGLN), Warner Chilcott plc (WCRX) and few others would publish earnings reports.

Stay tuned...

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