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Like I have mentioned in my other earnings preview articles, the last week of January is going to be a big week for earnings reports. Several big names report, and one of the heaviest sectors reporting is the consumer goods sector. Here are seven household goods names reporting, with an emphasis on one of the biggest.

Procter and Gamble (NYSE:PG) - Friday, before bell: We'll have to wait until the end of the week, but the Dow component will report its fiscal second quarter earnings this week. Procter and Gamble is expected to see a slight increase in revenues for its quarter, with a 4% rise to $22.2 billion. However, earnings for the quarter are expected to decline slightly by a nickel to $1.08.

Procter and Gamble, one of the largest consumer names, will most likely see a year over year decrease in earnings, but they are expected to rebound in future quarters. For the full year, ending next June, the company is expected to post 4.5% revenue growth, and earnings per share are expected to rise by a slightly higher number. Revenue growth is expected to slow down a little in their next fiscal year (ending in June of 2013), but the company is expected to grow earnings per share at a higher rate.

Obviously, P&G is not a name to trade around its earnings report when looking for a huge movement in stock price. The low beta, value name, is known for its nice dividend and share buybacks. The stock currently trades just off its 52-week high, so if you are looking to enter, I'd wait for a pullback. You'll probably get a chance to get the name in the low to mid $60s in the next few months, so wait until then. This is a great name to hold for the long term and one of my favorite value names, but why pay too much for it?

Kimberly Clark (NYSE:KMB) - Tuesday, before bell: Another large consumer name, and one of P&G's competitors, will report earnings earlier in the week. While fiscal fourth quarter revenues are projected to rise by about 3% to $5.22 billion, earnings per share are expected to rise by a dime to $1.30. For the full year, the company is expected to show revenue growth of 5.7% to $20.88 billion. Yearly earnings per share are expected to rise from $4.68 to $4.82.

Mead Johnson Nutrition (NYSE:MJN) - Thursday, before bell: The infant formula and children's nutrition name will report later in the week. This name has been rather volatile lately as concerns have risen over some of its formulas being unsafe. For the fourth quarter, the company is expected to see revenues rise by 11.7% to $898 million. However, earnings per share are expected to decline by 6 cents to $0.51. For the full year, revenues are expected to increase by 16.7% to $3.67 billion. Earnings per share are expected to rise by a similar amount, from $2.42 to $2.78. Continued strong growth is expected in 2012.

Newell Rubbermaid (NYSE:NWL) - Friday, before bell: The housewares and accessories will report earnings at the end of the week. For its fiscal fourth quarter, revenues are expected to rise by 1.8% to $1.5 billion. Earnings per share are expected to rise at a faster rate, by a nickel to $0.38. For the full year, revenues are expected to increase by 1.9% to $5.87 billion. Earnings per share are expected to rise, again by a higher rate, by 7 cents to $1.57. Revenue and earnings growth is expected to be slightly stronger in 2012.

Tempur-pedic International (NYSE:TPX) - Tuesday, after bell: The mattress and pillow maker will report its fourth quarter numbers on Tuesday. For the quarter, revenues are projected to rise by 24.5% to $364.4 million. Earnings per share are expected to climb at a similar rate, from $0.66 to $0.82. For the full year, revenues are projected to climb by 28% to $1.42 billion. Earnings per share are expected to soar for the year, rising by a dollar to $3.16. While growth is expected to slow in 2012, both revenues and earnings per share are projected to rise by double digits, percentage wise.

Ethan Allen (NYSE:ETH) - Wednesday, before bell: The home furnishings maker will report their second quarter earnings report in the middle of the week. The company is expected to see revenues rise by slightly more than 10% to $191.4 million. Earnings per share are expected to rise by 8 cents for the quarter to 27 cents. The company is expected to see high single digit revenue growth for the full year ending in June, and earnings per share are expected to rise from $0.58 to $0.96.

J&J Snack Foods (NASDAQ:JJSF) - Tuesday, before bell: The snack food maker will report its fiscal first quarter earnings on Tuesday morning. The company is projected to grow revenues by 8.8% to $169.4 million. Earnings per share are expected to rise by just 2 cents to $0.40 per share. For the full year, ending in September, the company is expected to grow revenues by about 8% and earnings per share in the low double digits.

Source: Procter And Gamble Leads Home Goods Earnings This Week