The generic drugmaker has topped expectations for 2 consecutive quarters.. Companies That Could Issue Positive Earnings Surprises Within the past month, two of the 13 covering brokerage analysts have raised their second-quarter profit projections on Mylan (MYL). Overall, we have confirmed reports from nearly 750 companies, including 68 S&P 500 members.73 is 15 cents higher than the average forecast of a month ago. Author's Resource Box Charles Rotblut is the Vice President of Web Content for Zacks Investment Research and the Senior Market Analyst for Zacks . The revisions have caused a 2-cent increase in the consensus estimate to 10 cents per share. Cimarex (XEC) recently announced that second-quarter oil and gas production volumes were 10% higher than year prior levels.
The 2 covering threaded rod brokerage analysts quickly slashed their forecasts, causing the second-quarter estimate to plunge from a projected profit of 5 cents per share to a loss of 33 cents per share. Market direction could also be influenced by Cisco Systems (CSCO), which reports on Tuesday, after the close of trading. A majority of the 5 covering brokerage analysts raised their forecasts in response, sending the second-quarter earnings estimate up 26 cents to 2. The focus of earnings season will shift away from blue-chip stocks to small- and mid-cap stocks. The rental car company has missed expectatoins for two consecutive quarters by wide margins. He oversees the editorial staff, manages the market-beating Focus List, Timely Buys and Top 10 portfolios, and plays an instrumental role in the development of new products. Companies That Could Issue Negative Earnings Surprises Dollar Thrifty Automotive Group (DTG) recently rescinded its full-year guidance, citing weak demand and issues with vehicle depreciation costs. The most accurate estimate is far more bullish at 14 cents per share. W&T Offshore (WTI) has topped expectations by an average margin of 17 cents per share during the past four quarters. Dollar Thrifty is scheduled to report on Tuesday, Aug 5, before the start of trading.
The consensus earnings estimate of 1.The Fed will hold a one-day meeting on Tuesday, Aug 5. XEC has topped expectations during each of the past four quarters by an average margin of 20 cents per share. Mylan is scheduled to report on Wednesday, Aug 6, before the start of trading. Cimarex is scheduled to report on Tuesday, Aug 5, before the start of trading. Key reports include: * Monday: June personal income and employment, June factory orders * Tuesday: July ISM services index, Federal Open Market Committee meeting * Wednesday: June consumer credit, Weekly oil inventories * Thursday: June pending home sales, Weekly initial jobless claims * Friday: Preliminary second-quarter productivity, June wholesale inventories The Federal Reserve's web site does not list any upcoming speeches from Fed officials. W&T Offshore is scheduled to report on Tuesday, Aug 5, before the start of trading. Two Dow components will report: American International Group (AIG) and Procter & Gamble (PG). Ahead of the company's second-quarter report, several of the 9 covering brokerage analysts have raised their second-quarter profit projections. I do not anticipate any change in interest rates. July employment figures headline the economic calendar.54 per share. For more information, visit http: zacks commentary 8204 Earnings+Preview+for+Aug+4+-+8++820400Article Source: 1ArticleWorld