Key Stocks Reporting Earnings Next Week, Part Three

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 |  Includes: GE, IBM, ISRG, JCI, LUV, SLB
by: Bill Maurer

<<Read Part 1, Financials

<<Read Part 2, Technology Stocks

Earnings season kicked off this week, with a couple of big names reporting. However, next week, after the Martin Luther King Jr. Holiday, we get a lot of major names. I will be analyzing 18 key names reporting earnings next week. In the first two parts, I looked at six names reporting in each of the financial and technology sectors. In the final segment, I will look at six other important names reporting, with no specific sector involved.

Southwest Airlines (NYSE:LUV) - Thursday, before bell: The airline is expected to post a 32% rise in quarterly revenues when they report their fourth quarter next week. Earnings per share are expected to decline roughly in half, from 15 cents to 7 cents. For the full year, the airline is expected to see revenues rise 31% to $15.9 billion. Earnings per share are expected to drop from $0.74 to $0.41. With a variety of names now rumored to be after AMR (AMR), I'm interested to hear what Southwest has to say about the sector when it reports.

Johnson Controls (NYSE:JCI) - Thursday, before bell: Shares of the industrial name and auto part company will be active when they report first quarter earnings on Thursday. Revenues are expected to rise by 10% to $10.5 billion, while earnings are expected to rise 7 cents to $0.62. The company has rallied nicely off its lows in the past few months, but still remains well off its 52-week highs. A good report will continue the recent rally.

IBM (NYSE:IBM) - Thursday, after bell: Shares of Big Blue will report after Thursday's close. The company is expected to report a 2.5% rise in revenues to $29.74 billion. Earnings per share are expected to rise from $4.18 to $4.62. For the full year, revenues are expected to increase 7.3% to $107.15 billion. Earnings per share are expected to rise from $11.52 to $13.37. IBM usually sees a run up into earnings, then declines afterwards, so be weary if we rise into Thursday. The stock hit an all-time high just before last quarter's earnings, and with a good report, we could get back to those levels. I would expect a good report, but conservative guidance could knock it down afterwards.

Intuitive Surgical (NASDAQ:ISRG) - Thursday, after bell: Shares of the surgical robot maker, known for its Da Vinci systems, will report fourth quarter earnings on Thursday. Revenues are expected to rise 24% to $484 million, while earnings per share are estimated to rise 10% to $3.02. For the full year, the company is expected to post a 23% rise in revenues to $1.74 billion. Earnings per share are expected to rise by a slightly larger amount, from $9.47 to $11.87. This company is known for blowing out estimates and large day-after rises, but I will caution you that it is at the upper end of its yearly range. I'm not saying that the company will decline after earnings, but it is rather high lately, so the company will need a great report to stay at these high levels. I don't know if they will do it, but if they report a great quarter, there is the possibility that they could announce a stock split.

General Electric (NYSE:GE) - Friday, before bell: General Electric will report its fiscal fourth quarter next Friday. The company is expected to see revenues decline by approximately 3% to $40.2 billion. However, earnings per share are expected to rise 3 cents to $0.38 per share. For the full year, revenues are expected to be down about six tenths of one percent to $149.4 billion. Earnings per share are expected to rise by a quarter to $1.37. Look for revenues to rise again in 2012, and earnings per share to continue their trend higher. GE has its hand in several areas, so many will look to this name to see how the economy is doing, both in the US and abroad.

Schlumberger (NYSE:SLB) - Friday, before bell: Shares of the oil and gas giant will report Friday morning, and it will be an interesting report after Chevron's (NYSE:CVX) recent warning. The oil giant is expected to see fourth quarter revenues rise 19% to $10.8 billion, and earnings per share rise a quarter to $1.10. For the full year, revenues are expected to rise 43.3% to $39.3 billion. Earnings per share are expected to rise nicely, from $2.86 to $3.65, but not as fast as revenues. Margins are expected to come down. The company has missed earnings expectations twice in the past year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.