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Earnings Expectations for the Week of October 22


It's a busy earnings week, with Apple's results one of the most closely-watched.

The day's many other reports include those from Cheesecake Factory (NASDAQ:CAKE), Dr Pepper Snapple (NYSE:DPS), Kimberly-Clark (NYSE:KMB), T. Rowe Price (NASDAQ:TROW), and Wyndham Worldwide (NYSE:WYN), which are anticipated to report earnings growth, as well as Delta Air Lines (NYSE:DAL), whose EPS are predicted to be the same as a year ago. American Electric Power (NYSE:AEP), Bristol-Myers Squibb (NYSE:BMY), Corning (NYSE:GLW), Eli Lilly (NYSE:LLY), General Dynamics (NYSE:GD), Lockheed Martin (NYSE:LMT), and Northrop Grumman (NYSE:NOC) are expected to post lower earnings.


Following its announced event on Tuesday, Thursday is Apple's (NASDAQ:AAPL) next big day. Analysts believe that per-share earnings for the fiscal fourth quarter will be nearly 10% higher than a year ago, at $8.85. That is also higher than the consensus EPS forecast of $8.46 from 60 days ago. Sales for the quarter are expected to total $36.23 billion, which would be more than 28% higher year-over-year.

Apple's full-year forecast calls for a profit of $44.37 per share and sales of $156.63 billion. That would be up from $27.68 per share on $108.25 billion last year.

Amazon (NASDAQ:AMZN) and Sprint Nextel (NYSE:S) are both expected to report net losses for their third quarters. The world's largest online retailer is expected to post −$0.08 per share and $13.92 billion in revenue. The loss from Sprint, which just agreed to be bought out by Japanese telecom SoftBank (TYO:9984), is predicted to come to $0.43 per share, even though revenue is up almost 6% to $8.81 billion.

Thursday's other anticipated earnings gainers include AutoNation (NYSE:AN), CA Technologies (NASDAQ:CA), Colgate-Palmolive (NYSE:CL), Hershey (NYSE:HSY), Sherwin-Williams (NYSE:SHW), and Starwood Hotels & Resorts (NYSE:HOT). Those expected to offer earnings declines include Aetna (NYSE:AET), CME Group (NASDAQ:CME), ConocoPhillips (NYSE:COP), Dow Chemical (NYSE:DOW), Procter & Gamble (NYSE:PG), and Raytheon (NYSE:RTN).


Cable giant Comcast (NASDAQ:CMCSA) is expected to end the week by reporting a 28.2% year-over-year increase in earnings to $0.46 per share. Third-quarter revenue is predicted to total $16.06 billion, which would be 12% higher than a year ago. Comcast has fallen short of consensus EPS estimates in just one of the past 10 quarters.

An earnings decline is forecast for Goodyear Tire & Rubber (NYSE:GT). Merck (NYSE:MRK), Newell Rubbermaid (NYSE:NWL), and Rockwell Collins (NYSE: COL) are expected to say that their EPS were about the same as a year ago.

Editor's Note: This content was originally published on by Nelson Hem.

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