Zacks Earnings Preview: Kroger, Staples, H&R Block, Hovnanian Enterprises and Transocean

Zacks Earnings Preview: Kroger, Staples, H&R Block, Hovnanian Enterprises and

PR Newswire

CHICAGO, March 4, 2013

CHICAGO, March 4, 2013 /PRNewswire/ -- 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).


To see more earnings analysis, visit

Every day, makes 4 stock picks available, free of charge. To see
them, go to

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

About Zacks 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

Follow us on Twitter:

Join us on Facebook:

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

Visit 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
Phone: 312-265-9211

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.