earnings preview

More earnings report are due Tuesday morning before opening bell: Sirius XM Radio Inc (NASDAQ:SIRI), UBS AG (NYSE:UBS), United States Steel Corporation (NYSE:X), Valero Energy Corporation (NYSE:VLO) and Rockwood Holdings, Inc. (NYSE:ROC).

Sirius XM Radio Inc (NASDAQ:SIRI) is expected to report earnings of 2 cents per share on revenue of $907 million, according to a consensus of analysts polled by Bloomberg. In three of the last five quarters, investors have been negatively surprised by the company’s earnings.

The stock closed at a five-year high in January, and analysts at Goldman Sachs are still bullish on Sirius XM Radio Inc (NASDAQ:SIRI) even though the company faces significant risks. The stock closed at a five-year high back in January. Also the company’s sales are receiving a boost as auto sales begin rising again.

Analysts predict UBS AG (NYSE:UBS) will report earnings of $1.05 for the full year and first-quarter revenues of 6.8 billion Swiss francs. The bank is one of several European banks that have been embroiled in the Libor fixing scandal. It lost $1.5 billion because of the scandal, and the bank’s CEO said they have been “rooting out the negative elements” that brought about the bank’s involvement in the scandal.

United States Steel Corporation (NYSE:X) is expected to report a loss of 20 cents per share on $4.6 billion in revenue. The company posted losses in the previous quarter, although the losses were not as bad as expected. It also positively surprised in the first quarter of last year.

Sagging steel prices have pulled down expectations for the company. Another major steel company, AK Steel Holding Corporation (NYSE:AKS), reported net losses of 7 cents per diluted share for its March quarter earlier this month.

Analysts are expecting Valero Energy Corporation (NYSE:VLO) to report earnings of $1.01 per share on revenue of $32.3 billion, according to Bloomberg’s consensus. The company’s last three earnings reports have been positive. Its revenue has been consistently around or just under $35 billion in the last five quarters.

Rockwood Holdings, Inc. (NYSE:ROC) is expected to report earnings of 67 cents per share on revenue of $909 million. The company’s first-quarter results last year were a positive surprise for investors.