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Top Earnings Previews for the Week Ahead (QIHU, TECD, AMAT, AZO, MDT, TIVO, NDN, CSC, COST, HRL, NTAP, TOL, HNZ, MRVL, NBG, OVTI, TIF)

Next week will still bring many key earnings.  The difference is that while some of these may have wild swings, this list is unlikely to bring about any major market moving reports even if some of these reports can move sectors.  Our top earnings next week will be from Qihoo 360 Technology Company Limited (NYSE: QIHU), Tech Data Corporation (NASDAQ: TECD), Applied Materials Inc. (NASDAQ: AMAT), Autozone Inc. (NYSE: AZO), Medtronic Inc. (NYSE: MDT), TiVo Inc. (NASDAQ: TIVO), 99 Cents Only Stores (NYSE: NDN), Computer Sciences Corp. (NYSE: CSC), Costco Wholesale Corporation (NASDAQ: COST), Hormel Foods Corporation (NYSE: HRL), NetApp Inc. (NASDAQ: NTAP), Toll Brothers Inc. (NYSE: TOL), H J Heinz Co. (NYSE: HNZ), Marvell Technology Group Ltd. (NASDAQ: MRVL), National Bank of Greece SA (NYSE: NBG), Omnivision Technologies Inc. (NASDAQ: OVTI), and Tiffany & Co. (NYSE: TIF).

We have compiled detailed earnings reports, showing price activity, Thomson Reuters estimates, and added color if applicable on each.  We also included a Thomson Reuters consensus price target on each to show expected values.

Qihoo 360 Technology Company Limited (NYSE: QIHU) reports on Monday. Thomson Reuters has estimates of $0.04 EPS and $20.31 million revenues; next quarter estimates are $0.05 EPS and $24.12 million revenues.  Shares are trading around $29.50 and the 52-week trading range is $24.01 to $36.21.  This could influence how some of the post-IPO high-flying Chinese companies trade, but we’ll see.  The consensus price target is $35.00.

Tech Data Corporation (NASDAQ: TECD) reports on Monday. Thomson Reuters has estimates of $1.05 EPS and $6.4 billion revenues; next quarter estimates are $1.01 EPS and $6.23 billion revenues.  Shares are trading around $53.40 and the 52-week trading range is $34.82 to $54.25 and its average price target is $55.93.  Tech Data offers key insight into the number of unit items being shipped around the world and distributed in technology products and consumer electronics.

Applied Materials Inc. (NASDAQ: AMAT) reports on Tuesday after the close. Thomson Reuters has estimates of $0.37 EPS and $2.77 billion revenues; next quarter estimates are $0.39 EPS and $2.82 billion revenues.  Shares are trading around $14.10 with a consensus price target of $17.63 and the 52-week trading range is $10.27 to $16.93.  As the company is in a merger, we expect no nasty surprises from the top chip equipment maker.

Autozone Inc. (NYSE: AZO) reports on Tuesday. Thomson Reuters has estimates of $4.99 EPS and $1.92 billion revenues; next quarter estimates are $6.82 EPS and $2.58 billion revenues.  Shares are trading around $277.00, its consensus price target is $275.63 and the 52-week trading range is $177.66 to $288.50.

Medtronic Inc. (NYSE: MDT) reports on Tuesday. Thomson Reuters has estimates of $0.93 EPS and $4.29 billion revenues; next quarter estimates are $0.84 EPS and $4.00 billion revenues.  Shares are trading around $42.25. its consensus price target is $42.27, and the 52-week trading range is $30.80 to $43.33.

TiVo Inc. (NASDAQ: TIVO) reports on Tuesday and we expect the main focus to be around its patent and I.P. case that recently drove shares. Thomson Reuters has estimates of -$0.31 EPS and $41.98 million revenues; next quarter estimates are -$0.28 EPS and $47.71 million revenues.  Shares are trading around $9.50, it has a loose consensus price target is $14.82 (treat that as very loose), and the 52-week trading range is $6.92 to $12.65.

99 Cents Only Stores (NYSE: NDN) reports on Wednesday. Thomson Reuters has estimates of $0.26 EPS and $372.76 million revenues; next quarter estimates are $0.27 EPS and $362.19 million revenues.  Shares are trading around $20.20, its consensus analyst price target is $20.50, and the 52-week trading range is $13.12 to $20.59.

Computer Sciences Corp. (NYSE: CSC) reports on Wednesday. Thomson Reuters has estimates of $1.16 EPS and $4.23 billion revenues; next quarter estimates are $0.97 EPS and $4.02 billion revenues.  Shares are trading around $44.65, its consensus price target is $49.95 from analysts, and the 52-week trading range is $39.61 to $56.61.  CSC is one which has just remained a serial disappointment.

Costco Wholesale Corporation (NASDAQ: COST) reports on Wednesday. Thomson Reuters has estimates of $0.77 EPS and $20.07 billion revenues; next quarter estimates are $1.10 EPS and $26.93 billion revenues.  Shares are trading around $83.50 and it just hit the new 52-week high today all over again.  Analysts have an average price target only $78.95 now.  The 52-week trading range is $53.41 to $83.95. The performance here has just never ceased to amaze, ditto for its valuation premium.

Hormel Foods Corporation (NYSE: HRL) reports on Wednesday. Thomson Reuters has estimates of $0.40 EPS and $1.82 billion revenues; next quarter estimates are $0.35 EPS and $1.81 billion revenues.  Shares are trading around $30.15 and the 52-week trading range is $19.46 to $30.35.  Analyst price targets have already been passed up as the consensus target is $27.45.

NetApp Inc. (NASDAQ: NTAP) reports on Wednesday. Thomson Reuters has estimates of $0.53 EPS and $1.39 billion revenues; next quarter estimates are $0.50 EPS and $1.36 billion revenues.  Shares are trading around $53.75, the consensus price target is $61.85, and the 52-week trading range is $31.07 to $61.02.

Toll Brothers Inc. (NYSE: TOL) reports on Wednesday. With the housing data we have seen, we are holding no great expectations here. More homebuilder business model changes or enhancements may be the norm.  Thomson Reuters has estimates of -$0.04 EPS and $319.6 million revenues; next quarter estimates are $0.04 EPS and $402.37 million revenues.  Shares are trading around $20.70, the average analyst target is $22.71, and the 52-week trading range is $15.57 to $22.42.

H J Heinz Co. (NYSE: HNZ) reports on Thursday. Thomson Reuters has estimates of $0.72 EPS and $2.87 billion revenues; next quarter estimates are $0.80 EPS and $2.7 billion revenues.  Shares are trading around $54.00, the average price target is $52.94, and the 52-week trading range is $42.88 to $54.21.  A new high was hit earlier today.

Marvell Technology Group Ltd. (NASDAQ: MRVL) reports on Thursday afternoon. Thomson Reuters has estimates of $0.30 EPS and $825.89 million revenues; next quarter estimates are $0.34 EPS and $878.07 million revenues.  Shares are trading around $14.40, its consensus price target is $20.98, and the 52-week trading range is $13.87 to $22.01.  It seems that the R-I-M exposure is hurting it even worse.

National Bank of Greece SA (NYSE: NBG) reports on Thursday. The estimates are all going to be overseas but we would note that Turkish operations made the quarter before and this is the only Greek non-shipping ADR for U.S. investors watching the demise of Greece.  Shares are trading around $1.34 and the 52-week trading range is $1.33 (hit today) and $3.23.

Omnivision Technologies Inc. (NASDAQ: OVTI) reports on Thursday. Thomson Reuters has estimates of $0.65 EPS and $254.48 million revenues; next quarter estimates are $0.69 EPS and $275.3 million revenues.  Shares are trading around $35.50, analysts have a consensus price target of $40.82, and the 52-week trading range is $15.80 to $37.04.

Tiffany & Co. (NYSE: TIF) reports on Thursday. Thomson Reuters has estimates of $0.57 EPS and $701.21 million revenues; next quarter estimates are $0.64 EPS and $753.4 million revenues.  Shares are trading around $69.50, the consensus target from analysts is $68.75 and the 52-week trading range is $35.81 to $70.45.  The performance has been incredible and the freshly hiked dividend of this week would lead one to believe that Tiffany is not going to have bad news or overly complain about commodity prices in its guidance.

As a reminder, any estimates can change and some may have already changed.

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JON C. OGG

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