Earnings Preview: Coca-Cola, Credit Suisse, DHI, DO, Dow Chemical

Earnings Preview: Coca-Cola, Credit Suisse, DHI, DO, Dow Chemical

More public companies will release their quarterly reports this week. On Thursday we should see the latest results from Coca-Cola Enterprises Inc (NYSE:CCE), Credit Suisse Group AG (NYSE:CS) (VTX:CSGN), D.R. Horton, Inc. (NYSE:DHI), Diamond Offshore Drilling Inc (NYSE:DO) and The Dow Chemical Company (NYSE:DOW).

Earnings Preview: Coca-Cola, Credit Suisse, DHI, DO, Dow Chemical

Coca-Cola Enterprises Inc (CCE)

Analysts are expecting Coca-Cola Enterprises Inc (NYSE:CCE) to report second quarter earnings of 76 cents on revenue of $2.2 billion. The company’s full-year earnings are projected to be $2.48 per share on full-year revenue of $8.2 billion.

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Coca-Cola Enterprises Inc (NYSE:CCE) has been pretty consistent with its last five earnings reports, barely exceeding the estimates of analysts in four of the five quarters. According to data from Zacks, three analysts have lowered their estimates for the company in the last 30 days, while one has raised estimates.

Credit Suisse Group AG (CS)

The general consensus among analysts for Credit Suisse Group AG (NYSE:CS) (VTX:CSGN) calls for earnings of $2.96 for the full year on full-year revenue of $25.57 billion. Quarterly revenue for the second quarter is expected to be 6.7 billion Swiss francs.

The company’s revenue has fallen year over year across the last four quarters. Last year the Swiss investment bank did better than expected.

D.R. Horton, Inc. (DHI)

Analysts believe D.R. Horton, Inc. (NYSE:DHI) will report third fiscal quarter earnings of 33 to 35 cents on $1.7 billion in revenue. Full-year earnings per share are expected to be $1.22 on full-year earnings of $6.4 billion.

Shares of D.R. Horton, Inc. (NYSE:DHI) corrected sharply toward the end of last month, although they gathered some momentum after concerns about the Fed’s tapering plans were alleviated. Zacks research shows that analyst estimates for the homebuilder have increased in the last 90 days, rising from 31 cents per share to Zacks’ recorded estimate of 35 cents per share.

Diamond Offshore Drilling Inc (DO)

It’s expected that Diamond Offshore Drilling Inc (NYSE:DO) will report second quarter earnings of $1.24 to $1.26 per share on revenue of $767 million. Full-year earnings are expected to be $4.65 on full-year revenue of $3 billion.

The driller has posted significant positive reports in each of its last five quarters. Research from Zacks indicates that analysts have gradually reduced their estimates for the company over the last 60 days, lowering them from an average of $1.28 per share to Zacks’ recorded estimate of $1.26 per share.

The Dow Chemical Company (DOW)

Analysts are expecting The Dow Chemical Company (NYSE:DOW) report earnings of 62 to 63 cents per share for the second quarter. Revenue is expected to be $14.5 billion. For the full year, analysts are looking for $2.35 to $2.37 per share in earnings on $57.6 billion in revenue.

The Dow Chemical Company (NYSE:DOW) has surprised either to the positive or negative in each of the last five quarters, so it’s anyone’s guess which way it will go this time. Research from Zacks shows that analysts have gradually lowered their estimates for the company’s second quarter over 90 days, reducing them from 70 cents per share to 63 cents per share.

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Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at [email protected]
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