This week will mark the second week of significant Q1 2013 reporting. While the world will anxiously await Apple Inc. (NASDAQ:AAPL) and others, the following companies and their reportage should not be overlooked in a week that many suggest will be a make or break week for the Street. Earnings previews for CIT Group Inc. (NYSE:CIT), Coach Inc. (NYSE:COH), Delta Air Lines, Inc. (NYSE:DAL), AK Steel Holding Corporation (NYSE:AKS), and Discover Financial Services (NYSE:DFS).

earnings Preview

CIT Group Inc. (NYSE:CIT):

CIT Group Inc. (NYSE:CIT), a leading provider of financing and advisory services to small businesses and middle market companies, will announce their first quarter of 2013 prior to market open on Tuesday this week.

Analysts are expecting a return to profitability this week when CIT Group Inc. (NYSE:CIT) reports. Consensus estimates suggest that CIT will show an $0.89 per share earning in stark contrast to a loss of $2.22 just a year ago.  In the past three months the consensus estimate has risen $0.09 following CIT’s first profit in a year of quarterly reporting, when they announced Q4 earnings in January.

Analysts are expecting earnings of $3.84 per share for the fiscal year. After being $1.1 billion a year ago, analysts project revenue to drop 94 percent year-over-year to $65.7 million for the quarter. For the year, revenue is projected to come in at $294 million.

Coach, Inc. (NYSE:COH):

Coach’s fiscal third quarter that will be reported on Tuesday, presents a mixed bag for the company under assault. Competition from the likes of Michael Kors Holdings Ltd (NYSE:KORS)  has hindered Coach’s growth, and their lack of cash has proved problematic. However, Coach Inc. (NYSE:COH) still makes money.

Analyst consensus is looking for $0.81 in earnings per share on $1.18 billion in revenue for expected year-over-year growth of 5 percent and 6 percent respectively. The Q3 2013 EPS estimate has barely moved since the January 2013 report, while the revenue estimate has enjoyed a small move upwards.

The stock is bloodied, down 30 percent for the last 12 months,  but unbroken going into its reporting on Tuesday prior to market opening. Coach has beaten the earnings’ consensus three of the past four quarters.

Delta Air Lines, Inc. (NYSE:DAL):

Delta Air Lines, Inc. (NYSE:DAL) will present its earnings on Tuesday and with disappointing March revenue numbers for March they are expected to present a profit nonetheless. First quarter earnings are tough on airlines following the post-holiday slowdowns in travel. When coupled with government cutbacks these numbers could look much worse.

Gains in year-to-year revenue will be modest but look for profitability as Delta Air Lines, Inc. (NYSE:DAL) enters the start of the summer.

Analysts expect a profit of 6 cents per share, on revenue of $8.5 billion. Last years number for the quarter showed a  profit of $124 million, because of fuel-hedging gains of $151 million on revenue of $8.41 billion.

AK Steel Holding Corporation (NYSE:AKS):

AK Steel Holding Corporation (NYSE:AKS), through its wholly-owned subsidiary, produces flat rolled carbon steel. The company, at its core produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets.

A year after posting revenue of  $1.51 billion, analysts expect to to fall 7.9 percent year-over-year to $1.39 billion for the quarter. For the year, revenue is projected to roll in at $5.85 billion.

Additionally, analysts are projecting AK to have a loss of 12 cents per share, a bigger loss than a year ago, when it reported a loss of 11 cents per share. One of AK’s biggest competitors, Universal Stainless & Alloy Products (NASDAQ:USAP), will report earnings on April 25, 2013.

Discover Financial Services (NYSE:DFS):

While primarily known for its credit card of the same name, the company has been pushing further into direct banking, offering auto, personal and student loans. Last month, it announced plans to begin offering home equity loans beginning in the second half of this year.

While people are feeling better about their overall finances owing to both rising home and stock prices, expect credit card companies to reap the benefits. While the Discover card is only the sixth largest, they are held by tens of millions of people.

Analysts on average expect Discover Financial Services (NYSE:DFS) to report earnings of $1.12 per share on $1.98 billion in revenue. In last year’s fiscal first quarter, Discover posted earnings of $1.18 per share on revenue of $1.84 billion.