Science & Technology
Science and Technology
Science and Technology
Tue, July 20, 2010
Mon, July 19, 2010
Altera, Apple, SanDisk, KimberlyClark and T Rowe Price
CHICAGO--([ BUSINESS WIRE ])--Zacks.com releases the list of companies likely to issue earnings surprises. This weeka™s list includes Altera (Nasdaq: [ ALTR ]), Apple (Nasdaq: [ AAPL ]), SanDisk (Nasdaq: [ SNDK ]), KimberlyClark (NYSE: [ KMB ]) and T Rowe Price (Nasdaq: [ TROW ]).
"Earnings estimate revisions are the most powerful force impacting stock prices."
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 ].
Earnings Take Center Stage
Earnings season will be in full gear next week. There will be 509 firms reporting, including 129 S&P 500 firms. The firms reporting are some of the biggest and most important bellwethers of the economy, and slice across a wide spectrum of industries.
Potential Positive Surprises
Historically, the best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks rank is also a good indicator of potential surprises. While normally firms that report better-than-expected earnings rise in reaction, that has not been the case so far this quarter. While pickings are getting slim, some of the companies that have these characteristics include:
Altera (Nasdaq: [ ALTR ]) is expected to report EPS of $0.53 versus $0.16 a year ago. Last time out, ALTR beat the consensus by 25.0%, and over the last four weeks the mean estimate has edged up by 0.08%. ALTR is a Zacks #1 Ranked stock.
Apple (Nasdaq: [ AAPL ]) is expected to report EPS of $3.07 versus $2.01 a year ago. Last time out, AAPL beat the consensus by 37.0% and over the last four weeks the mean estimate has gone up by 3.53%. AAPL is a Zacks #1 Ranked stock.
SanDisk (Nasdaq: [ SNDK ]) is expected to report EPS of $0.86 versus $0.27 a year ago. Last time out, SNDK beat the consensus by 79.6% and over the last four weeks the mean estimate has gone up by 4.10%. SNDK is a Zacks #1 Ranked stock.
Potential Negative Surprises
KimberlyClark (NYSE: [ KMB ]) is expected to report EPS of $1.14 versus $1.16 a year ago. Last time out, KMB disappointed by 0.87% and over the last four weeks the mean estimate has fallen by 0.54%. KMB is a Zacks #4 Ranked stock.
T Rowe Price (Nasdaq: [ TROW ]) is expected to report EPS of $0.61 versus $0.38 a year ago. Last time out, TROW disappointed by 1.72%, and over the last four weeks the mean estimate has dropped by 1.50%. TROW is a Zacks #4 Ranked stock.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (+2% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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 ].
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