Zacks Earnings Preview: Wal-Mart, Home Depot, J.C. Penney, Groupon and Target
CHICAGO, May 14, 2012
CHICAGO, May 14, 2012 /PRNewswire/ -- Zacks.com releases the list of companies
likely to issue earnings surprises. This week's list includes Wal-Mart
(NYSE:WMT), Home Depot (NYSE:HD), J.C. Penney (NYSE:JCP), Groupon
(Nasdaq:GRPN), Target (NYSE:TGT).
To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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Big Week for Econ News
The first quarter reporting season is winding down, with the bulk of the
earnings season now behind us. We have already seen results from 452 of the
S&P 500 companies thus far, and there is a lot to like this earnings season.
We will get results from around 195 companies this week, including 21 from the
Total earnings for the 452 companies that have already reported results (as of
Friday, 05/11) are up a strong 7.9% from the year-earlier period, with 65.5%
of the reports coming ahead of expectations. Since the market has already
passed judgment on this earnings season, the reports coming out this week are
unlikely to be materially market moving, though we do have a number of
bellwether names on the docket, such as
Wal-Mart(NYSE: WMT),Home Depot (NYSE: HD),J.C. Penney (NYSE: JCP)and
Greece will likely continue to dominate the headlines, though there is no
shortage of market-moving domestic economic reports either. From Retail Sales
to inflation and regional manufacturing surveys to Housing Starts, we have a
slew of reports on the economic docket this week.
oThere is nothing significant on the economic calendar this day.
oThe key earnings release is from Groupon, which recently had to restate
past results. The company reports after the close. Tuesday -5/15
oWe have a very busy economic news day, with April Retail Sales and CPI
coming out before the markets open, and the Empire State and Home builder
Index coming out a little later.
oThe Retail Sales report is expected to be unchanged, following very strong
showing in March. On the CPI front, we may see a repeat of Friday's PPI
report, with the 'headline' declining and the 'core' showing no pricing
pressures. The Empire State survey for May is expected to have improved
following the very weak showing in April.
oOn the earnings front, Home Depot will report in the morning, while J.C.
Penney will report after the markets close. Wednesday-5/16
oAnother busy day on the economic calendar, with Housing Starts for April
coming out before the market opens, while the Industrial Production report
comes out a little later.
oLast month's Housing Starts data was on the weak side, though Permits came
in better than expected. The expectation for the April reading is for an
increase to 689K from March's 654K level. Industrial Production is
expected to show strong gains following March's flat reading.
oOn the earnings front, Target (NYSE:TGT) reports.
Sheraz Mian is the Director of Research for Zacks.com.
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Contact: Sheraz Mian
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