Key Earnings for the Rest of This Week
August 6, 2013 7:29 am
As we mentioned yesterday, below is the list of key earnings reports due for the rest of this week. We will be watching some of the names in the biotech sector as this has been one of sector with the highest beat ratio so far this quarter. (REGN)
In addition, we are going to be paying close attention to Green Mountain Coffee (GMRC) as they are due to report on the Wednesday. Earlier in the week, Barron’s wrote a piece that declared the stock could get hammered in the near future. Analysts are expecting EPS to come in at $0.76 on revenues of $981 million of sales. In the past the company has had an average upside surprise of 20% and we would think that closer to $0.90 will be required to get the stock moving. Anything short of that could be disastrous. (we discussed this in detail on this week’s TDI Podcast)
CenturyLink (CTL) will also be reporting on Wednesday. The Telcom sector has had one of the worst records this quarter and we will see if this company will be the exception.
Tesla (TSLA) should provide some fun action when they report. Expectations are still for a loss of $.20, telling us the the company’s valuation is a bit stretched.
Will J.C. Penny (JCP) show any form of recovery – or is this just a dead stock? Thursday will hold the answer.
More details below…