For Immediate Release
Chicago, IL – August 5, 2013 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Tyson Foods (TSN-Free Report), Vornado Realty (VNO-Free Report), Plains All American (PAA-Free Report), Tesoro Logistic (TLLP-Free Report) and Archer Daniels Midland (ADM-Free Report).
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Last Major Week of Q2 Earnings Season
The predominant negative tone of company guidance has started showing up in expectations for Q3 and the second half of the year. As a result, full-year 2013 earnings growth expectations have come down despite the typical positive earnings season outperformance in Q2. The recent downtrend in estimates notwithstanding, there is still plenty of more room for estimates to come down.
Given what we have seen thus far in Q2 and in the last few quarters from sectors outside of Finance, it doesn’t seem reasonable to expect a strong ramp up in Q3 and beyond. What this means is that we will see further acceleration in negative estimate revisions in the coming weeks as companies guide lower towards Q3 and beyond.
- We will get the July non-manufacturing ISM report, with expectations of gains from June’s 52.2 level.
- Tyson Foods (TSN-Free Report) and Vornado Realty (VNO-Free Report) are the more notable reports in the morning, while Plains All American (PAA-Free Report) and Tesoro Logistic (TLLP-Free Report) will report after the close.
- Zacks Earnings ESP or Expected Surprise Prediction, our proprietary leading indicator of earnings surprises, is showing TSN coming out with an earnings beat.
- We will get the June Trade Deficit numbers in the morning, with expectations of a lower deficit tally than the month before.
- Archer Daniels Midland (ADM-Free Report) is among the notable reports in the morning,
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