Three companies likely to blow it this earnings season

Yahoo Finance

It's a big week for earnings with some wins already notched by Wall Street overachievers like Chipotle (CMG).

Related: Chipotle gets it right again, McDonald’s not so much

When it comes to anticipating the losers, if history serves as a guide, there are three companies likely to miss analysts' adjusted earnings expectations. Only four companies in the S&P 500 have missed these expectations for the last four consecutive calendar quarters (one has already reported for Q2), according to a USA Today analysis.

Related: Netflix, Chipotle results show consumer strength

They are: Energy giant Chevron (CVX); media company Discovery Communications (DISCA); energy pipeline company Kinder Morgan (KMI) -- which has already reported for the the second quarter -- and technical services company Jacobs Engineering (JEC).

Related: Expectations rising for Apple ahead of iPhone upgrades

"These companies have done what very few companies do, which is repeatedly and chronically fall short of expectations," says Matt Krantz, USA Today markets reporter, in the accompanying video.

Over the past year, these companies that have not only missed expectations, but they've also lagged the S&P 500, according to Krantz.

What keeps it interesting is that companies can break the year-long negative earnings streak, as regional bank Northern Trust (NTRS) just did with its second-quarter results.

"Most of the time, companies blow away earnings expectations," notes Krantz. "Companies set the bar very low, so it's easy for them to top expectations and that's important because investors watch this very closely."

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