The Week of Nov 17 - 21
- On 1:00 am EST, Friday November 14, 2008
Companies that could issue positive surprises include Hot Topic (NasdaqGS: HOTT - News) and Raven Industries (NasdaqGS: RAVN - News). AnnTaylor Stores Corp (NYSE: ANN - News) could potentially disappoint investors.
The Week's Events
This will be the last big week for third-quarter earnings. Dow component Home Depot (NYSE: HD - News) will be joined by fellow S&P 500 members Dell (NasdaqGS: DELL - News), Lowe's (NYSE: LOW - News) and Target Corporation (NYSE: TGT - News).
We have confirmed reports from 91 companies. Retailers account for nearly half of this list.
Housing and inflation data are on the economic calendar. Minutes from the late-October Fed meeting will be released on Wednesday afternoon.
- Monday: October industrial production and capacity utilization, November Empire State manufacturing index
- Tuesday: October Producer Price Index (PPI), September net foreign purchases
- Wednesday: October Consumer Price Index (CPI), October building permits and housing starts, minutes from the October Fed meeting, weekly crude inventories
- Thursday: October Leading Indicators, Philadelphia Fed survey, weekly initial jobless claims
Vice Chairman Donald Kohn will speak on Wednesday about monetary policy at a conference in Washington, D.C.
November options will expire on Friday. This could add to the intraday volatility, but probably not enough to be noticeable. Unfortunately, there is nothing on the calendar that would reduce the level of volatility.
Action by Congress on the financial and proposed automaker bailouts could have an impact on market direction. The other wildcard out of Washington is who President-Elect Obama chooses as a nominee for Treasury Secretary.
Companies That Could Issue Positive Earnings Surprises
During the past 30 days, the third-quarter consensus earnings estimate for Raven Industries (NasdaqGS: RAVN - News) has been raised by 2 cents. The average forecast now calls for per share profits of 43 cents. RAVN has topped market forecasts in 3 out of the last 4 quarters. Raven Industries is scheduled to report earnings on Thursday, Nov 20, before the start of trading.
Companies That Could Issue Negative Earnings Surprises
AnnTaylor Stores Corp (NYSE: ANN - News) recently warned that per share profits would only be breakeven for the third quarter. The company blamed a 19% drop in same-store sales for the warnings. Brokerage analysts, who had been projecting profits of 50 cents per share, slashed their forecasts to 7 cents. The most accurate estimate is more bearish at 1 cent. ANN has missed once during the past 3 quarters. AnnTaylor is scheduled to report earnings on Friday, Nov 21, before the start of trading.
Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.
Surprise Trader can help you turn earnings surprises into quick profits. Learn how.
Earnings Calendar
Here is a list of companies that we have confirmed will report during the week of Nov 10 - 141. Prices are as of Thursday's, Nov 6, close.
| Company | Ticker | Zacks Consensus Estimate | Year Ago Actual | Last Qtr Surprise | Report Date | Report Time | Price |
| Covidien-Ltd | COV | $0.68 | $0.63 | 9.1% | 11/17/2008 | BTO | $37.07 |
| Ctrip.Com Intl | CTRP | $0.23 | $0.21 | 0.0% | 11/17/2008 | AMC | $25.04 |
| Derma Sciences | DSCI | ($0.01) | $0.00 | (50.0%) | 11/17/2008 | BTO | $0.38 |
| Hasting Entmt | HAST | ($0.08) | $0.01 | (53.9%) | 11/17/2008 | BTO | $3.81 |
| Jamba Inc | JMBA | ($0.01) | ($0.02) | (7000.0%) | 11/17/2008 | AMC | $0.56 |
| Longtop Fin-Adr | LFT | $0.25 | $0.27 | 9.1% | 11/17/2008 | N/A | $12.53 |
| Lowes Cos | LOW | $0.29 | $0.43 | 14.3% | 11/17/2008 | BTO | $19.73 |
| Orbotech Ltd | ORBK | ($0.10) | $0.05 | 0.0% | 11/17/2008 | BTO | $3.94 |
| Petro Resources | PRC | $0.04 | ($0.04) | (300.0%) | 11/17/2008 | N/A | $0.49 |
| Pinnacle Gas Re | PINN | ($0.02) | ($0.04) | (2000.0%) | 11/17/2008 | N/A | $0.89 |
| Schawk Inc-Cl A | SGK | $0.18 | $0.24 | 0.0% | 11/17/2008 | AMC | $12.79 |
| Target Corp | TGT | $0.49 | $0.56 | 6.5% | 11/17/2008 | BTO | $35.33 |
| The9 Ltd-Adr | NCTY | $0.56 | $0.17 | 27.1% | 11/17/2008 | AMC | $12.63 |
| Xinhua Finance | XFML | $0.10 | $0.13 | 0.0% | 11/17/2008 | AMC | $1.02 |
| Arvinmeritor | ARM | $0.34 | ($0.06) | 18.5% | 11/18/2008 | BTO | $4.23 |
| China Med Tech | CMED | $0.53 | $0.38 | 10.4% | 11/18/2008 | BTO | $25.03 |
| Gigamedia Ltd | GIGM | $0.16 | $0.16 | 5.6% | 11/18/2008 | BTO | $5.52 |
| Home Depot | HD | $0.40 | $0.59 | 18.3% | 11/18/2008 | BTO | $22.23 |
| Intl Royalty Cp | ROY | $0.02 | $0.02 | (75.0%) | 11/18/2008 | N/A | $1.27 |
| Jack In The Box | JBX | $0.45 | $0.43 | 0.0% | 11/18/2008 | AMC | $16.42 |
| La-Z-Boy Inc | LZB | $0.00 | $0.01 | 16.7% | 11/18/2008 | AMC | $5.13 |
| Medtronic | MDT | $0.71 | $0.58 | 4.3% | 11/18/2008 | BTO | $39.93 |
| Mothers Work | MWRK | ($0.80) | ($0.92) | 1.5% | 11/18/2008 | BTO | $7.37 |
| Pac Sunwear Cal | PSUN | ($0.02) | $0.16 | 0.0% | 11/18/2008 | AMC | $1.95 |
| Phillips Van He | PVH | $1.06 | $1.05 | 1.5% | 11/18/2008 | AMC | $18.40 |
| Radiant Logist | RLGT | $0.01 | $0.00 | 0.0% | 11/18/2008 | N/A | $0.14 |
| Renesola Lt-Adr | SOL | $0.37 | $0.24 | 22.6% | 11/18/2008 | BTO | $4.51 |
| Saks Inc | SKS | $0.00 | $0.17 | (22.2%) | 11/18/2008 | BTO | $5.16 |
| Valuevision Cla | VVTV | ($0.36) | ($0.07) | (74.1%) | 11/18/2008 | AMC | $0.46 |
| Bj'S Wholesale | BJ | $0.47 | $0.35 | 1.8% | 11/19/2008 | BTO | $36.75 |
| Cyberonics Inc | CYBX | $0.05 | ($0.15) | 166.7% | 11/19/2008 | AMC | $11.65 |
| Dress Barn | DBRN | $0.27 | $0.30 | 13.3% | 11/19/2008 | AMC | $7.96 |
| Gymboree Corp | GYMB | $1.03 | $0.91 | 17.4% | 11/19/2008 | AMC | $23.24 |
| Hot Topic Inc | HOTT | $0.17 | $0.15 | 0.0% | 11/19/2008 | AMC | $7.40 |
| Intuit Inc | INTU | ($0.18) | ($0.15) | (33.3%) | 11/19/2008 | AMC | $22.95 |
| Ldk Solar Co | LDK | $0.78 | $0.37 | 131.7% | 11/19/2008 | BTO | $14.32 |
| Mens Wearhouse | MW | $0.21 | $0.69 | 2.9% | 11/19/2008 | AMC | $12.89 |
| Mentor Graphics | MENT | ($0.12) | ($0.06) | 88.2% | 11/19/2008 | BTO | $5.78 |
| Noah Education | NED | $0.08 | $0.21 | 100.0% | 11/19/2008 | AMC | $2.12 |
| Petsmart Inc | PETM | $0.27 | $0.23 | 7.1% | 11/19/2008 | AMC | $17.32 |
| Planar Systems | PLNR | ($0.20) | ($0.16) | 83.3% | 11/19/2008 | AMC | $1.63 |
| Ross Stores | ROST | $0.43 | $0.36 | 0.0% | 11/19/2008 | BTO | $28.39 |
| Semtech Corp | SMTC | $0.17 | $0.25 | 17.6% | 11/19/2008 | AMC | $9.85 |
| Trina Solar Ltd | TSL | $1.15 | $0.28 | (3.8%) | 11/19/2008 | BTO | $10.09 |
| Tween Brands | TWB | $0.25 | $0.46 | 0.0% | 11/19/2008 | BTO | $5.63 |
| Woodward Govnr | WGOV | $0.50 | $0.51 | 6.8% | 11/19/2008 | AMC | $26.35 |
| Agilysys Inc | AGYS | ($0.07) | $0.05 | (180.0%) | 11/20/2008 | BTO | $2.51 |
| Aruba Networks | ARUN | ($0.06) | ($0.01) | (16.7%) | 11/20/2008 | AMC | $2.94 |
| Autodesk Inc | ADSK | $0.46 | $0.39 | 9.3% | 11/20/2008 | AMC | $20.84 |
| Barnes & Noble | BKS | ($0.16) | ($0.03) | 77.8% | 11/20/2008 | BTO | $17.30 |
| Bon-Ton Stores | BONT | ($1.46) | ($1.17) | 9.8% | 11/20/2008 | BTO | $1.39 |
| Brady Corp Cl A | BRC | $0.66 | $0.66 | 3.2% | 11/20/2008 | BTO | $26.87 |
| Buckle Inc | BKE | $0.61 | $0.48 | 11.9% | 11/20/2008 | BTO | $21.30 |
| Casual Male Ret | CMRG | ($0.04) | ($0.05) | 0.0% | 11/20/2008 | N/A | $1.45 |
| Cato Corp A | CTR | ($0.03) | $0.09 | (2.4%) | 11/20/2008 | BTO | $14.18 |
| Childrens Place | PLCE | $0.85 | $0.42 | 93.3% | 11/20/2008 | BTO | $23.28 |
| Chordiant Sftwr | CHRD | $0.03 | $0.16 | 200.0% | 11/20/2008 | AMC | $3.32 |
| Cost Plus Inc | CPWM | ($1.12) | ($0.63) | (17.5%) | 11/20/2008 | AMC | $1.43 |
| Dell Inc | DELL | $0.34 | $0.34 | (8.3%) | 11/20/2008 | AMC | $10.27 |
| Ditech Networks | DITC | ($0.24) | ($0.11) | (12.5%) | 11/20/2008 | AMC | $0.82 |
| Edap Tms Sa-Adr | EDAP | ($0.31) | ($0.22) | (66.7%) | 11/20/2008 | BTO | $1.80 |
| E-House China | EJ | $0.13 | $0.11 | 7.7% | 11/20/2008 | BTO | $5.14 |
| Foot Locker Inc | FL | $0.25 | $0.21 | 1000.0% | 11/20/2008 | AMC | $11.89 |
| Gamestop Corp | GME | $0.37 | $0.33 | 21.4% | 11/20/2008 | BTO | $24.83 |
| Gap Inc | GPS | $0.34 | $0.30 | 3.2% | 11/20/2008 | AMC | $12.30 |
| Helmerich&Payne | HP | $1.18 | $0.98 | 8.7% | 11/20/2008 | BTO | $27.69 |
| Hibbet Sports | HIBB | $0.27 | $0.25 | 13.3% | 11/20/2008 | AMC | $16.06 |
| Hurray Hldg-Adr | HRAY | $0.01 | ($0.09) | 0.0% | 11/20/2008 | AMC | $1.57 |
| Limited Inc | LTD | $0.01 | ($0.01) | 35.0% | 11/20/2008 | N/A | $9.59 |
| Met-Pro Corp | MPR | $0.20 | $0.18 | 0.0% | 11/20/2008 | BTO | $11.08 |
| New York & Co | NWY | ($0.10) | $0.09 | 55.6% | 11/20/2008 | BTO | $2.32 |
| Pantry Inc | PTRY | $0.80 | $0.33 | 71.4% | 11/20/2008 | BTO | $21.74 |
| Raven Inds Inc | RAVN | $0.43 | $0.41 | 22.6% | 11/20/2008 | BTO | $31.91 |
| Salesforce.Com | CRM | $0.07 | $0.04 | 0.0% | 11/20/2008 | AMC | $27.38 |
| Sally Beauty Co | SBH | $0.15 | $0.09 | 30.0% | 11/20/2008 | BTO | $4.36 |
| School Specialt | SCHS | $1.95 | $1.76 | (6.6%) | 11/20/2008 | BTO | $20.27 |
| Shoe Carnival | SCVL | $0.33 | $0.33 | 0.0% | 11/20/2008 | BTO | $12.00 |
| Stage Stores | SSI | ($0.20) | $0.06 | 8.7% | 11/20/2008 | BTO | $5.75 |
| Stein Mart Inc | SMRT | ($0.20) | ($0.06) | (46.2%) | 11/20/2008 | BTO | $2.21 |
| Suntech Pwr Hld | STP | $0.42 | $0.32 | 28.1% | 11/20/2008 | BTO | $11.80 |
| Sycamore Ntwks | SCMR | ($0.03) | $0.03 | (400.0%) | 11/20/2008 | BTO | $3.05 |
| Telvent Git Sa | TLVT | $0.33 | $0.26 | (28.6%) | 11/20/2008 | BTO | $7.40 |
| Transdigm Group | TDG | $0.71 | $0.57 | 5.9% | 11/20/2008 | BTO | $29.10 |
| Wet Seal Inc -A | WTSLA | $0.06 | ($0.02) | 0.0% | 11/20/2008 | BTO | $2.90 |
| Zumiez Inc | ZUMZ | $0.23 | $0.28 | 28.57% | 11/20/2008 | AMC | $8.08 |
| Aktieselskabet | TRMD | $1.22 | $0.40 | 62.8% | 11/21/2008 | N/A | $14.17 |
| Anntaylor Stres | ANN | $0.07 | $0.66 | 12.5% | 11/21/2008 | BTO | $7.15 |
| Heinz (Hj) Co | HNZ | $0.75 | $0.71 | 9.1% | 11/21/2008 | BTO | $42.45 |
| Kirklands Inc | KIRK | ($0.15) | ($0.26) | 25.0% | 11/21/2008 | BTO | $1.93 |
| Smucker Jm | SJM | $0.99 | $0.91 | 7.9% | 11/21/2008 | BTO | $39.27 |
BMO = Before The Market Open, AMC = After Market Close
1Some of the companies listed in the earnings calendar may not be in the Zacks Rank universe.
"RAVN" Free Stock Analysis: Buy? Sell? Hold?
"ANN" Free Stock Analysis: Buy? Sell? Hold?
"HOTT" Free Stock Analysis: Buy? Sell? Hold?
"DELL" Free Stock Analysis: Buy? Sell? Hold?
"HD" Free Stock Analysis: Buy? Sell? Hold?
"LOW" Free Stock Analysis: Buy? Sell? Hold?
"TGT" Free Stock Analysis: Buy? Sell? Hold?
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