This Week's Top 5 Earnings On Deck (CSC, CSCO, M, NVDA, DIS)

Earnings season is getting thinner on which companies are reporting earnings, but we still have 5 key earnings due the rest of the week.  Computer Sciences Corp. (NYSE: CSC), Cisco Systems Inc. (NASDAQ: CSCO), Macy’s Inc. (NYSE: M), NVIDIA Corp. (NASDAQ: NVDA), and The Walt Disney Co. (NYSE: DIS) are all still on deck this week with earnings.

Computer Sciences Corp. (NYSE: CSC) is due on Wednesday morning. Thomson Reuters has estimates of $1.17 EPS and $4.00 billion in revenues; next quarter estimates are $1.48 EPS and $4.20 billion in revenues.  With shares around $49.00, the 52-week trading range is $39.61 to $58.36 and the average analyst price target is $51.71.  CSC has been a dead-money stock for some time, but it is also one of our deep value tech stocks that we have screened out.

Cisco Systems Inc. (NASDAQ: CSCO) will move tech and may move the market as the leading networking and communications backbone provider reports earnings Wednesday after the closing bell.  Thomson Reuters has estimates of $0.40 EPS and $10.73 billion in revenues; next quarter estimates are $0.42 EPS and $11.08 billion in revenues.  Shares have gained from last week to over $24.30 and the 52-week trading range is $19.82 to $27.74. Analysts have an average price target around $27.20.  The stock might be higher except that CEO John Chambers was far too cautious last quarter as business conditions have improved for most companies.  If Chambers is too cautious, then it means his data center gamble and deciding to fight too many companies for business has backfired, which goes against what the company and others have indicated.  Look for more specifics on that dividend that was promised as well.

Macy’s Inc. (NYSE: M) is also due Wednesday.  Thomson Reuters has slightly changed estimates and consensus for the department store giant is $0.03 EPS and $5.55 billion in revenues; next quarter is the big Christmas and holiday quarter and estimates are $1.50 EPS and $8.19 billion in revenues.  With shares around $25.20, the 52-week trading range is $15.34 to $26.03.  That $26.03 was put in last Friday.  Analysts have an average price target of $27.00 and Friday’s share price appears to be the highest since roughly the end of 2007.

NVIDIA Corp. (NASDAQ: NVDA) reports after the close on Thursday and its shares saw higher interest from a fresh analyst upgrade last week. Thomson Reuters has estimates for the graphics chip maker of $0.14 EPS and $843.37 million in revenues; next quarter estimates are $0.16 EPS and $864.71 million in revenues.  With shares around $12.67, the 52-week trading range is $8.65 to $18.96.  Analysts have an average price target of $11.61.  NVIDIA has recovered handily but it has also a long way to go before challenging fresh highs.  NVIDIA often tends to have volatile moves after earnings because it often has big hits or bad misses when it issues guidance.

The Walt Disney Co. (NYSE: DIS) is due next Thursday after the close.  Thomson Reuters has estimates for the media and entertainment powerhouse of $0.46 EPS and $9.97 billion in revenues; next quarter estimates are $0.54 EPS and $10.47 billion in revenues.  With shares just under $37.00, the 52-week trading range is $28.23 to $37.98 and the average analyst price target is $39.77.

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JON C. OGG