Earnings Preview: Yahoo!, Coke, CSX, Johnson & Johnson, Mosaic

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The Coca-Cola Company (NYSE:KO), CSX Corporation (NYSE:CSX), Johnson & Johnson (NYSE:JNJ), Yahoo! Inc (NASDAQ:YHOO), and Mosaic Co (NYSE:MOS) are scheduled to report their quarterly financial performances on Tuesday, July 16.

Earnings Preview: Yahoo!, Coke, CSX, Johnson & Johnson, Mosaic

The Coca Cola Company

Wall Street analysts expect The Coca-Cola Company (NYSE:KO) to achieve $0.63 earnings per share this quarter compared with $1.21 earnings per share it recorded during the same period a year ago. Analysts also estimated that its revenue for the quarter would drop by 1% from $13 billion reported last year.

During the previous quarter, The Coca-Cola Company (NYSE:KO) suffered the biggest drop in net income (down by 37%). The company’s first quarter earnings per share was $0.39.

For the full year, analysts expect the beverage maker to post $2.13 earnings per share on $48 billion revenue. Analysts and investors are expected to pay attention to the company’s revenue growth in emerging markets.

CSX Corporation

Railroad company CSX Corporation (NYSE:CSX) is expected to report a lower earnings result compared with its performance during the same period last year. Analysts estimated that the company will post $0.47 earnings per share, down from $0.49 recorded in the second quarter of 2012.

During the previous quarter, CSX Corporation (NYSE:CSX)  reported $0.45 earnings per share on almost $3 billion revenue. Last week, the company approved a $0.15 quarterly dividend. Fifteen out of the 28 analysts covering the stock recommended a Buy rating while 13 analysts suggested investors  hold their shares.

Yahoo! Inc

Management of Yahoo! Inc. (NASDAQ:YHOO) has been busy with several acquisitions this quarter. The company recently completed its deal to acquire Tumblr for $1.1 billion. Prior to that, Yahoo also purchased Rondee and Ghostbird Software, as well as Qwiki, and Summly as part of the company’s efforts to boost its mobile monetization.

This quarter, analysts and investors will focus their attention on the diversity of the company’s revenue sources. Andrew Frank, an analyst at Gartner, opined, “diversification beyond the Yahoo site brand is an important indicator” that the tech giant is doing well. According to him, investors want to see if Yahoo’s investment in mobile is paying off.

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Analysts expect Yahoo! Inc. (NASDAQ:YHOO) to report $0.30 earnings per share on $1.082 billion revenue. The consensus estimate is higher than its EPS of $0.27 on $1.22 billion revenue recorded a year ago.

Mosaic Co

On the other hand, analysts expect Mosaic Co (NYSE:MOS) to report a weak financial results this quarter. The company’s earnings per share is estimated to declined by 3% to $1.15 from $1.19 during the same period a year earlier. Its revenue is expected to decrease by 10% to $2 billion for the period.

For the full year 2013, analysts estimated that Mosaic Co (NYSE:MOS) will report $4.16 earnings per share on $9 billion revenue. Over the past two quarters, the company suffered revenue declines.

Johnson & Johnson

Meanwhile, Johnson & Johnson (NYSE:JNJ) is expected to report strong financial results this quarter. The second largest healthcare company worldwide is estimated to post a profit increase of 6.9%.

Analysts expect Johnson & Johnson (NYSE:JNJ) to post $1.39 earnings per share on $17.7 billion revenue. During the same period last year, the company delivered $1.30 earnings per share on $16.5 billion revenue.

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