It’s another earnings bonanza the week of January 23 with 117 companies in the Standard & Poor’s 500 index, including a fair number of technology and energy names, reporting results.
Tuesday, Wednesday and Thursday promise to be the heaviest news days. On Monday, we’ll hear from CSX (CSX), Halliburton (HAL), American Electric Power (AEP), Zions Bancorp (ZION), Texas Instruments (TXN) and Western Digital (WDC).
Based on analysts’ projections for companies reporting during the week, Thomson Reuters I/B/E/S expects to see positive earnings surprises from Regions Financial (RF), Apple (AAPL), Motorola Mobility Holdings (MMI), Legg Mason (LM) and Textron (TXT).
Thomson’s S&P 500 experts, Greg Harrison and Jharonne Martis, write that:
“Regions is expected to benefit from credit improvement and lower expense ratios. Meanwhile, analysts believe that AppleÂs iPhone gained more market share than expected.”
Analysts are looking for negative surprises from MeadWestvaco (MWV), Noble (NE), Eqt (EQT), Murphy Oil (MUR) and AT&T (T).
“MeadWestvaco is being hurt by weak demand in Europe and North America in their consumer solutions group. NobleÂs earnings may miss expectations due to additional required downtime within their rig fleet this quarter.”
Colleague Tiernan Ray will be covering tech names as usual on our Tech Trader Daily blog.
