For Immediate Release
Chicago, IL – May 24, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Costco (COST), Big Lots (BIG), AutoZone (AZO), Heinz (HNZ) and Medtronic (MDT). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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Earnings Season Wrapping Up
Earnings season is almost over, and next week just 118 firms report (versus almost 1000 a week not too long ago), including 9 in the S&P 500. Many on the list are retailers, several of whom have fiscal periods that ended in April, not March. Retailers reporting next week include Costco (COST) as well as Big Lots (BIG) and AutoZone (AZO). Outside of retail, there are also a few heavy hitters that will weigh in, including Heinz (HNZ) and Medtronic (MDT).
With the week light on earnings reports, most of the attention will be focused on the economic data coming out, as well as political developments, most importantly in Europe. Housing will take center stage early in the week, starting with existing home sales on Monday, then on to the Case Schiller index on Tuesday and the very important New Home Sales report on Wednesday. We will also get the Durable goods report on Wednesday.
The highlight on Thursday will be the second look at the GDP numbers for the first quarter, in addition to the initial claims data. The week wraps up on Friday with personal income and spending. We will also get two looks at how consumers are feeling with the Consumer Confidence index and the University of Michigan sentiment index. More than enough there to keep the markets interested.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
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Email: pr@zacks.com
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