Earnings season is still running strong and the economic readings keep coming out as well. As we come to the end of October, there is going to be plenty of news coming down the pipe. We also have plenty of data on the economic front, including a two-day FOMC meeting and the nation’s employment situation. On the earnings front, data is from Thomson Reuters consensus estimates, as is the following current quarter estimate data if and when these companies offer guidance.
There are of course many earnings reports that we have not previewed, but these are some of the top earnings reports we have offered previews for: Archer Daniels Midland (NYSE: ADM), Dunkin’ Brands (NASDAQ: DNKN), Pfizer (NYSE: PFE), Comcast (NASDAQ: CMCSA), Kraft Foods (NYSE: KFT), Qualcomm (NASDAQ: QCOM), Whole Foods Market (NASDAQ: WFM), American International Group (NYSE: AIG), Eastman Kodak (NYSE: EK), LinkedIn (NYSE: LNKD), Starbucks (NASDAQ: SBUX) and Alcatel-Lucent (NYSE: ALU). We also have a prior review of the top analyst upgrades and downgrades of the past week.
We have given a breakdown of the data due on each day with earnings and economic releases.
MONDAY, OCTOBER 31
Chicago Purchasing Managers Index at 9:45 AM.
TUESDAY, NOVEMBER 1
Archer Daniels Midland is expected to report $0.67 EPS and $18.93 billion in revenues; next quarter estimates are $0.79 EPS and $22.2 billion in revenues.
Dunkin’ Brands is expected to report $0.25 EPS and $159.23 million in revenues; next quarter estimates are $0.28 EPS and $158.34 million in revenues. Dunkin will not be a market mover but could influence the horde of IPOs in waiting.
Pfizer is expected to report $0.55 EPS and $16.42 billion in revenues; next quarter estimates are $0.50 EPS and $16.65 billion in revenues.
ISM Manufacturing at 10:00 AM.
Commerce Department’s Construction Spending (September) at 10:00 AM.
Federal Reserve starts two-day meeting on interest rate policy.
Auto sales data for October throughout the day: General Motors (NYSE: GM) and Ford Motor (NYSE: F).
WEDNESDAY, NOVEMBER 2
Comcast is expected to report $0.40 EPS and $14.24 billion in revenues; next quarter estimates are $0.45 EPS and $14.94 billion in revenues.
Kraft Foods is expected to report $0.55 EPS and $12.8 billion in revenues; next quarter estimates are $0.58 EPS and $14.85 billion in revenues.
Qualcomm is expected to report $0.78 EPS and $4.0 billion in revenues; next quarter estimates are $0.85 EPS and $4.25 billion in revenues.
Whole Foods Market is expected to report $0.41 EPS and $2.36 billion in revenues; next quarter estimates are $0.60 EPS and $3.38 billion in revenues.
Challenger Job Cuts at 7:30 AM, followed by ADP Payrolls at 8:15 AM.
Weekly oil inventory data at 10:30 AM.
Federal Reserve day-two: FOMC decision on rates followed by Ben Bernanke press conference after 2:15 PM.
Same-store sales data from major retail outlets for October after the close (day 1).
THURSDAY, NOVEMBER 3
American International Group is expected to report -$0.27 EPS and $13.55 billion in revenues; next quarter estimates are $0.69 EPS and $13.65 billion in revenues. Shares are still under the government’s secondary offering price.
Eastman Kodak is expected to report -$0.44 EPS and $1.65 billion in revenues; next quarter estimates are -$0.14 EPS and $1.87 billion in revenues. Obviously, this is not about an earnings report. This is about its patents and whether the tired dog can stay alive. And what about a new CEO announcement? How long can one company stick with the same manager who cannot win?
LinkedIn is expected to report -$0.04 EPS and $127.35 million in revenues; next quarter estimates are $0.00 EPS and $147.78 million in revenues. Again, this is more of a barometer for future IPOs like Zynga, Groupon and even Facebook.
Starbucks is expected to report $0.36 EPS and $2.95 billion in revenues; next quarter estimates are $0.51 EPS and $3.25 billion in revenues. If Starbucks reports a solid earnings then it could offer some continued support for the battered Green Mountain Coffee Roasters (NASDAQ: GMCR), which has been under pressure due to famous short sellers taking aim.
Labor Department’s weekly jobless claims at 8:30 AM.
Labor Department’s Q3 productivity and unit labor costs at 8:30 AM.
ISM Services Index (October) at 10:00 AM.
Commerce Department’s factory orders at 10:00 AM.
Weekly natural gas inventories at 10:30 AM.
Same-store sales data from major retail outlets for October (day 2).
FRIDAY NOVEMBER 4
Alcatel-Lucent is expected to report $0.07 EPS and $5.65 billion in revenues; next quarter estimates are $0.19 EPS and $6.6 billion in revenues. This one reports in euros, so the euro/dollar conversions could throw an added factor in. Last week we gave a review to see if it is really bottoming out.
Labor Department’s unemployment and nonfarm payrolls at 8:30 AM.
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JON C. OGG
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