24/7 Wall St. has put together a preview of some of the larger companies across multiple sectors reporting their quarterly results at the beginning of May. We have reviewed the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

The companies scheduled to report this week include Herbalife Ltd. (NYSE: HLF), Chesapeake Energy Corp. (NYSE: CHK), Occidental Petroleum Corp. (NYSE: OXY), Tesla Motors Inc. (NASDAQ: TSLA), Transocean Ltd. (NYSE: RIG), Whole Foods Market Inc. (NASDAQ: WFM), Apache Corp. (NYSE: APA) and Silver Wheaton Corp. (NYSE: SLW).

Herbalife

Herbalife will release its most recent quarterly results on Tuesday. The consensus estimates are $1.01 in earnings per share (EPS) on $1.09 billion in revenue.

The stock may still be way down from when activist investor Bill Ackman first publicly went after the maker of vitamins and health products. Needless to say, the attacks caused serious declines in the share price after constant pressure to make the pyramid scheme argument case against the company. That being said, the shares also have bounced handily of late. It is impossible to know what the real outcome will be here. Still, some investors may be wondering if Herbalife shares have bottomed out.

Herbalife shares closed trading Friday at $41.62. The consensus analyst price target is $58.50, and the stock has a 52-week trading range of $27.60 to $69.69.

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Chesapeake Energy

When Chesapeake reports its first-quarter results on Wednesday, the consensus estimates call for $0.04 in EPS and $3.68 billion in revenue.

Goldman Sachs puts Chesapeake as one of its top energy picks. The firm sees upside of close to 55% here. Goldman raised Chesapeake up to Buy from Neutral back on January 12 with a target price of $23 at the time — when shares were at a dividend-adjusted share price of $18.28 the day prior to the call.

Chesapeake shares ended trading at $16.54 on Friday. The consensus price target is $16.92, and the stock has a 52-week trading range of $13.38 to $29.92.
Occidental Petroleum

Occidental is scheduled to report its first-quarter earnings on Wednesday. The consensus estimates call for EPS of $0.04 and $3.30 billion in revenue.

Futures traders have been increasing their long positions for several weeks now, anticipating price increases. What is unknown is how quickly producers can turn idle wells into flowing moneymakers. Once those wells begin flowing, the price of crude may drop again as producers that have waited for prices to rise all jump in again at the same time. Even the threat of that may keep prices down.

Furthermore, at an industry conference in Houston last week, CEO Stephen Chazen said that readily available capital and demand from private equity firms for investment opportunities could extend the low-price period.

Shares of Occidental ended the week at $80.50. The consensus price target is $85.09. The 52-week trading range is $71.70 to $101.38.

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Tesla Motors

Tesla is set to release its first-quarter results on Wednesday. The consensus estimates call for a net loss of $0.50 per shares and revenue to come in at $1.04 billion.

The electric cars from Tesla have been described at toys that will never sell more than a few thousand units a month. Certainly, that has been the case so far. Founder Elon Musk might argue that the problem is factory capacity. Skeptics argue that hybrids and high gas mileage engines offer enough fuel efficiency for almost all Americans. Now, Tesla has released a battery that can help fuel home energy consumption. The product may be used by a small niche of Americans, because it has so little utility to power most homes and is so expensive.

Tesla shares were trading at $226.03 as the week came to a close, in a 52-week trading range of $177.22 to $291.42. The stock has a consensus analyst price target of $261.75.

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Transocean

Transocean is scheduled to report its first-quarter results on Wednesday. The consensus estimates call for $0.60 in EPS and $1.91 billion in revenue.

When the world’s largest offshore driller sneezes, the entire industry gets a cold. That is what happened in March after Transocean said that it had stacked (mothballed) four of its offshore rigs that had previously been idled and was scrapping another four. The company will take a first-quarter charge of $300 million to $325 million for the scrapped rigs. Transocean had previously announced that it will scrap 12 other rigs.

Transocean shares closed trading at $18.83 on Friday. The consensus price target is $12.98. The stock has a 52-week trading range of $13.28 to $46.12.
Whole Foods

Set to release its most recent quarterly results Thursday, Whole Foods has consensus estimates of EPS at $0.43 on $3.71 billion in revenue.

When it comes to selling organic and mostly natural foods, the king of the market is Whole Foods. Considering consumer trends toward organic foods, millennials are more likely to shop at stores like Whole Foods. Still, millennials might think the same thing as the rest of the age groups in calling it “Whole Paycheck.”

Shares were trading at $48.17 as Friday’s session came to a close. The consensus price target is $56.12, and the stock has a 52-week trading range of $36.08 to $57.57.

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Apache

Apache will post its quarterly results Thursday. Consensus estimates call for a net loss of $0.57 per share and revenue of $1.83 billion.

During this quarter Apache was maintained as Buy at the independent research firm of Argus. In the report Argus said:

Nevertheless, we believe that APA continues to have strong prospects following asset sales and acquisitions that have helped it to focus on profitable liquids production in North America — particularly in the Permian and Central regions, where production is growing rapidly. The company also has a relatively strong balance sheet and may take advantage of the decline in commodity prices to purchase additional acreage.

Apache shares ended trading at $68.48 on Friday, in a 52-week trading range of $54.34 to $104.57. The consensus price target is only $71.24.

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Silver Wheaton

Silver Wheaton is scheduled to report its first-quarter results on Thursday. The analysts’ consensus forecast calls for $0.15 in EPS and $162.28 million in revenue.

Silver Wheaton’s dividend yield is barely 1% now and is less than half of its biggest payout seen in only one quarter in 2013. Silver Wheaton’s stock is handily off its post-bubble highs, yet the market cap remains high. The company is still worth about $8 billion.

Silver Wheaton shares closed trading at $20.17 on Friday. The consensus price target is $28.18. The stock has a 52-week trading range of $16.57 to $27.66.

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