Zacks Earnings Preview: Kroger, Staples, H&R Block, Hovnanian Enterprises and Transocean PR Newswire CHICAGO, March 4, 2013 CHICAGO, March 4, 2013 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Kroger (NYSE:KR), Staples (Nasdaq:SPLS), H&R Block (NYSE:HRB), Hovnanian Enterprises (NYSE:HOV) and Transocean (NYSE:RIG). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) To see more earnings analysis, visit http://at.zacks.com/?id=3207. Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=3567. Looking Toward Employment Numbers The budget sequester has taken effect, but thankfully everything seems to be just fine. The fourth quarter earnings season is effectively in the books now, though it will still be couple of more weeks before we can officially call an end to the reporting season. The focus this week will be on economic data, with the February jobs reports coming out on Friday. The budget sequester will also provide headlines, though thankfully the actual onset of the long-dreaded event has thus far been quite underwhelming. But while earnings may not be in the headlines, we will have a total of 188 companies coming out with results this week, including 5 S&P 500 members. By the end of this week, we will be close to the finish line, having seen Q4 results from 491 S&P 500 companies or 98.2% of the index's total membership. The major companies reporting this week include Kroger (NYSE:KR), Staples (Nasdaq:SPLS), H&R Block (NYSE:HRB), Hovnanian Enterprises (NYSE:HOV) and Transocean (NYSE:RIG). The reality of the Q4 earnings season is that it has turned out to be not as bad as many of us suspected. Leaving aside anemic growth, on most other metrics the fourth quarter reporting season is quite good. Not only are the ratio and magnitude of surprises better than the previous quarter and comparable to the last many, but the tone of management guidance has also been less worrisome than was the case in the third quarter reporting season. Total earnings for the 486 S&P 500 companies that have come out with Q4 results, as of Friday March 1, are up +2% from the same period last year, with 64% beating expectations with a strong median surprise of +3.4%. Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=4988. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros by going to http://at.zacks.com/?id=3568. Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Contact: Sheraz Mian Company: Zacks.com Phone: 312-265-9211 Email: firstname.lastname@example.org Visit: www.Zacks.com SOURCE Zacks Investment Research, Inc. Website: http://www.zacks.com
Zacks Earnings Preview: Kroger, Staples, H&R Block, Hovnanian Enterprises and Transocean
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