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There are six stocks that are worth watching when the market opens on Tuesday. These stocks will react to the company's earnings or outlook announcement or management changes. At least two stocks could see upside bias, whereas four stocks have potential downside risks when the market starts trading on Tuesday.

While Transcept Pharmaceuticals (TSPT) and Cornerstone OnDemand (CSOD) are likely to offer upside rewards, Hologic (HOLX), Esco Technologies (ESE), Weight Watchers International (WTW) and MarkWest Energy Partners (MWE) will likely see downside risks.

Transcept Pharmaceuticals reported a profit of $4.9 million or EPS of 25 cents for Q3 versus a loss of $5.0 million or EPS of 37 cents in the year-ago quarter. Revenues rose to $10.4 million from $0.6 million. Street analysts expected the company to earn 6 cents a share and revenues of $8.37 million. Following the better than expected results, shares of the company advanced over 2% after the normal hours trading on Monday.

Cornerstone OnDemand reported a net loss of $7.63 million or a loss of 15 cents a share for the third quarter compared to a net loss of $4.28 million or a loss of 9 cents a share in the last year. On an adjusted basis, net loss was $3.6 million or a loss of 7 cents a share. Net revenues surged to $30.77 million from $20.02 million. While loss per share is wider than analysts' expectations of a loss of 6 cents a share, revenues were modestly higher than the Street expectations of $30.22 million. However, the stock surged over 10% in the after hours trading on Monday as the bookings surged 78% to $42.7 million.

For the downtrend, there are four likely stocks. This is because Hologic suffered a net loss of $77.77 million or a loss of 29 cents a share for Q4 compared to a profit of $27.57 million or EPS of 10 cents last year. However, on an adjusted basis, profit rose 10.8% to $98.3 million or EPS of 37 cents from $88.8 million or EPS of 34 cents. Total revenues grew to $588.55 million from $467.05 million. While EPS came in line with analysts' expectations of 37 cents, revenues were slightly above the Street predictions of $581.62 million.

Moving ahead, the company guided Q1 EPS to be 37 cents and revenues of $640 - $645 million. This is below the Wall Street analysts' estimations of EPS of 40 cents and revenues of $660.88 million. This has resulted in the stock trading down in the extended hours of trading.

Esco Technologies earned a profit of $17.68 million or EPS of 65 cents for the fourth quarter, higher than $15.38 million or EPS of 57 cents. Net sales advanced to $192.17 million from $190.7 million. While EPS came in above the Street predictions of EPS of 62 cents, revenues were lower than analysts' expectations of $194.77 million.

Looking forward, the company sees EPS and revenues to be more second half weighted and the Q1 EPS is seen below 10 cents. The company attributed this to a nominal amount of SoCalGas revenue compared to a full operating infrastructure to support the project as Esco Technologies commences big scale deployment next year. Street analysts expect the company to earn 37 cents a share.

For fiscal year 2013, the company provided EPS outlook of $2.30 - $2.50, whereas analysts predict Esco to earn $2.42 a share. The company's lower than expected Q1 EPS outlook could drag down the stock when the market opens on Tuesday.

Another company that is likely to see downside pressure is Weight Watchers International following the announcement of changes in management. The company disclosed the exit of its North America President David Burwick from December 31. He will be joining Peet's Coffee & Tee as its CEO and president. WTW president and CEO David Kirchhoff will take care of the North America unit until a new President is announced.

Meanwhile, MarkWest Energy Partners witnessed more than a 3% drop in the extended hours of trading on Monday after the company announced that it will commence its 8.5 million shares of public offering.

Source: 6 Stocks To Watch Post Earnings On Tuesday Morning