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Earnings Scorecard

04/19/2013

As of Friday, April 19, 102 S&P 500® (SPX) companies have reported earnings for the first calendar quarter of 2013. Investors should view earnings to date as having little impact on the direction of the SPX. There has not been an overwhelming positive or negative divergence in any sector from consensus estimates.

The SPX (Figure 1.1) is trading on the defensive this week, targeting critical support on the downside at 1530.94. Price stabilization above that support area should shift momentum from defensive into a sideways range between 1530 and 1570.

For the week of April 22, another 170 SPX companies will be reporting. Monday will be a light day, with only eight companies reporting, highlighted by Caterpillar (CAT). Tuesday will have 36 companies, with Apple (AAPL) reporting after the close. On Wednesday and Thursday, the number of companies reporting increases significantly, to 48 and 58, respectively. Finally, Friday closes out the week with 20 companies reporting.


Source: Bloomberg

Figure 1.1 S&P 500 (SPX), September 2012 to Present with Support and Resistance Levels

Source:  Bloomberg

Earnings Calendar – Week of April 22, 2013

Monday, April 22

 

 

 

8 Companies

Tickers

Estimates

 

Hasbro Inc

HAS US

0.031

 

Halliburton Co

HAL US

0.569

 

Caterpillar Inc

CAT US

1.389

 

Netflix Inc

NFLX US

0.193

 

Texas Instruments Inc

TXN US

0.303

 

ACE Ltd

ACE US

1.933

 

Zions Bancorporation

ZION US

0.395

 

Ameriprise Financial Inc

AMP US

1.574

 

 

 

 

 

Tuesday, April 23

36 Companies

Tickers

Estimates

 

Pentair Ltd

PNR US

0.560

 

Air Products & Chemicals Inc

APD US

1.364

 

T Rowe Price Group Inc

TROW US

0.886

 

Lockheed Martin Corp

LMT US

2.038

 

Ryder System Inc

R US

0.774

 

Travelers Cos Inc/The

TRV US

2.016

 

EI du Pont de Nemours & Co

DD US

1.527

 

United Technologies Corp

UTX US

1.295

 

Gannett Co Inc

GCI US

0.351

 

Johnson Controls Inc

JCI US

0.421

 

Discover Financial Services

DFS US

1.116

 

Reynolds American Inc

RAI US

0.688

 

Forest Laboratories Inc

FRX US

0.140

 

Xerox Corp

XRX US

0.237

 

Ingersoll-Rand PLC

IR US

0.403

 

Molex Inc

MOLX US

0.356

 

Illinois Tool Works Inc

ITW US

0.961

 

Robert Half International Inc

RHI US

0.411

 

Total System Services Inc

TSS US

0.336

 

Edwards Lifesciences Corp

EW US

0.759

 

Broadcom Corp

BRCM US

0.557

 

Norfolk Southern Corp

NSC US

1.168

 

Owens-Illinois Inc

OI US

0.571

 

CR Bard Inc

BCR US

1.421

 

Yum! Brands Inc

YUM US

0.603

 

AT&T Inc

T US

0.639

 

Torchmark Corp

TMK US

1.368

 

Nabors Industries Ltd

NBR US

0.278

 

FMC Technologies Inc

FTI US

0.462

 

Amgen Inc

AMGN US

1.845

 

Apple Inc

AAPL US

10.020

 

Juniper Networks Inc

JNPR US

0.220

 

Regions Financial Corp

RF US

0.196

 

Coach Inc

COH US

0.806

 

Waters Corp

WAT US

1.089

 

PACCAR Inc

PCAR US

0.679

 

 

 

 

 

Wednesday, April 24

 

48 Companies

Tickers

Estimates

 

Northrop Grumman Corp

NOC US

1.736

 

Hess Corp

HES US

1.564

 

Dr Pepper Snapple Group Inc

DPS US

0.463

 

Praxair Inc

PX US

1.384

 

Procter & Gamble Co/The

PG US

0.956

 

Wyndham Worldwide Corp

WYN US

0.666

 

Waste Management Inc

WM US

0.411

 

Corning Inc

GLW US

0.238

 

Thermo Fisher Scientific Inc

TMO US

1.289

 

Rockwell Automation Inc

ROK US

1.286

 

TE Connectivity Ltd

TEL US

0.721

 

Hershey Co/The

HSY US

1.039

 

Eli Lilly & Co

LLY US

1.048

 

Whirlpool Corp

WHR US

1.926

 

Motorola Solutions Inc

MSI US

0.665

 

Sprint Nextel Corp

S US

-0.331

 

EMC Corp/MA

EMC US

0.396

 

Ford Motor Co

F US

0.377

 

NASDAQ OMX Group Inc/The

NDAQ US

0.621

 

Boeing Co/The

BA US

1.487

 

Southern Co/The

SO US

0.498

 

Avery Dennison Corp

AVY US

0.576

 

QUALCOMM Inc

QCOM US

1.167

 

Stryker Corp

SYK US

1.010

 

Citrix Systems Inc

CTXS US

0.629

 

F5 Networks Inc

FFIV US

1.064

 

Teradyne Inc

TER US

0.029

 

O'Reilly Automotive Inc

ORLY US

1.349

 

Lam Research Corp

LRCX US

0.366

 

Aflac Inc

AFL US

1.622

 

Cabot Oil & Gas Corp

COG US

0.232

 

Crown Castle International Corp

CCI US

0.071

 

Cliffs Natural Resources Inc

CLF US

0.320

 

Flowserve Corp

FLS US

1.953

 

Equifax Inc

EFX US

0.865

 

Western Digital Corp

WDC US

1.772

 

LSI Corp

LSI US

0.119

 

Assurant Inc

AIZ US

1.540

 

Allegheny Technologies Inc

ATI US

0.162

 

Prologis Inc

PLD US

0.402

 

Lorillard Inc

LO US

0.635

 

Stericycle Inc

SRCL US

0.883

 

Newfield Exploration Co

NFX US

0.432

 

Varian Medical Systems Inc

VAR US

1.018

 

Akamai Technologies Inc

AKAM US

0.464

 

General Dynamics Corp

GD US

1.497

 

Life Technologies Corp

LIFE US

1.053

 

Xilinx Inc

XLNX US

0.444

 

 

 

 

 

Thursday, April 25

58 Companies

Tickers

Estimates

 

3M Co

MMM US

1.653

 

Mead Johnson Nutrition Co

MJN US

0.858

 

Parker Hannifin Corp

PH US

1.681

 

ConocoPhillips

COP US

1.420

 

PulteGroup Inc

PHM US

0.119

 

Ball Corp

BLL US

0.644

 

L-3 Communications Holdings Inc

LLL US

1.934

 

Bemis Co Inc

BMS US

0.539

 

AmerisourceBergen Corp

ABC US

0.881

 

SCANA Corp

SCG US

1.037

 

Alexion Pharmaceuticals Inc

ALXN US

0.591

 

Coca-Cola Enterprises Inc

CCE US

0.367

 

Colgate-Palmolive Co

CL US

1.319

 

Stanley Black & Decker Inc

SWK US

0.962

 

Time Warner Cable Inc

TWC US

1.384

 

Biogen Idec Inc

BIIB US

1.628

 

Entergy Corp

ETR US

0.727

 

EQT Corp

EQT US

0.530

 

Exxon Mobil Corp

XOM US

2.038

 

Harley-Davidson Inc

HOG US

0.985

 

Helmerich & Payne Inc

HP US

1.288

 

Celgene Corp

CELG US

1.353

 

Southwest Airlines Co

LUV US

0.022

 

Zimmer Holdings Inc

ZMH US

1.403

 

Altria Group Inc

MO US

0.528

 

Raytheon Co

RTN US

1.279

 

CONSOL Energy Inc

CNX US

0.196

 

Cameron International Corp

CAM US

0.740

 

United Parcel Service Inc

UPS US

1.010

 

CBRE Group Inc

CBG US

0.174

 

VeriSign Inc

VRSN US

0.544

 

Altera Corp

ALTR US

0.330

 

KLA-Tencor Corp

KLAC US

0.861

 

Eastman Chemical Co

EMN US

1.571

 

Chubb Corp/The

CB US

1.738

 

Amazon.com Inc

AMZN US

0.126

 

PerkinElmer Inc

PKI US

0.475

 

Starbucks Corp

SBUX US

0.483

 

Principal Financial Group Inc

PFG US

0.740

 

Cerner Corp

CERN US

0.633

 

Expedia Inc

EXPE US

0.225

 

Cincinnati Financial Corp

CINF US

0.668

 

Leggett & Platt Inc

LEG US

0.378

 

Range Resources Corp

RRC US

0.282

 

Noble Energy Inc

NBL US

1.220

 

Occidental Petroleum Corp

OXY US

1.592

 

BorgWarner Inc

BWA US

1.225

 

Diamond Offshore Drilling Inc

DO US

1.164

 

Republic Services Inc

RSG US

0.406

 

Boston Scientific Corp

BSX US

0.089

 

Bristol-Myers Squibb Co

BMY US

0.415

 

Safeway Inc

SWY US

0.353

 

CMS Energy Corp

CMS US

0.457

 

Dominion Resources Inc/VA

D US

0.878

 

Dow Chemical Co/The

DOW US

0.614

 

Hudson City Bancorp Inc

HCBK US

0.106

 

Sigma-Aldrich Corp

SIAL US

1.004

 

International Game Technology

IGT US

0.295

 

 

 

 

 

Friday, April 26

20 Companies

Tickers

Estimates

 

American Electric Power Co Inc

AEP US

0.801

 

Aon PLC

AON US

1.103

 

LyondellBasell Industries NV

LYB US

1.453

 

AbbVie Inc

ABBV US

0.661

 

Chevron Corp

CVX US

3.071

 

DTE Energy Co

DTE US

1.018

 

DR Horton Inc

DHI US

0.194

 

Tyco International Ltd

TYC US

0.392

 

Ventas Inc

VTR US

0.996

 

Covidien PLC

COV US

1.094

 

Weyerhaeuser Co

WY US

0.231

 

National Oilwell Varco Inc

NOV US

1.359

 

Simon Property Group Inc

SPG US

2.008

 

VF Corp

VFC US

2.188

 

FLIR Systems Inc

FLIR US

0.359

 

WellPoint Inc

WLP US

2.381

 

Coventry Health Care Inc

CVH US

0.809

 

MetroPCS Communications Inc

PCS US

0.092

 

Vulcan Materials Co

VMC US

-0.344

 

Goodyear Tire & Rubber Co/The

GT US

0.308

 

Source: Bloomberg

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.