Tech And Consumer Sector Companies Reporting Earnings This Week

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 |  Includes: AKAM, ATVI, CSCO, GRPN, HAS, KO, LNKD, OUTR, PEP, PM, QRVO, RL, S, SOHU
by: Bill Maurer

Earnings season is more than halfway over, but we still have some big names to report. This week, the earnings parade will continue, and there are some pretty big names reporting, especially in the technology sector. In part one of a two part series, I'll cover 26 big names reporting. Part one will focus on consumer and technology names.

Cisco Systems (NASDAQ:CSCO): The biggest name reporting this week, without a doubt, is the technology giant Cisco. Cisco will report its fiscal second quarter results this Wednesday, after the bell.

For the second quarter, Cisco is projected to see revenues rise by nearly eight percent to $11.23 billion. Earnings per share for the quarter are expected to rise by six cents to $0.43 per share. In the past four quarters, Cisco has handily beat earnings expectations by an average of 3.25 cents per share, which equates to a beat of 8.7 percent per quarter.

For the current fiscal year, ending in July, Cisco is expected to see revenues rise by six percent to $45.83 billion. Earnings per share are expected to increase from $1.62 to $1.77. Cisco is projected to see roughly the same revenue and earnings per share growth in the following fiscal year, which ends in July of 2013.

We all know that Cisco's earnings per share usually rise faster than its revenues because the company is buying back large amounts of its shares. This is something that many have criticized the company for over time, saying that the program has been ineffective. A year ago, Cisco started paying a dividend, and after a 6 cent payout for four straight quarters, it is very possible that the dividend will be raised in the near future.

This will be a very interesting quarter for Cisco as a number of the names in its industry have issued profit warnings over the last couple of weeks. They have been for the currently reported quarter as well as the next quarter. North American service provider weakness has been the biggest blame so far, so we'll see how much of that weakness translates to Cisco. Cisco shares closed above $20 on Friday for the first time in a while, and the name is up $2 this year already. We've seen some decent earnings reports from Cisco lately, but a lot of these recent gains could be lost if the industry weakness hits Cisco.

Sprint (NYSE:S): The wireless carrier will its fourth quarter and full year results Wednesday morning. For the fourth quarter, Sprint is expected to see revenues rise by 4.6 percent to $8.68 billion. The company is expected to see a bigger loss this quarter than in the prior year period. Analysts are expecting a 37 cent loss compared to last year's 29 cent loss. However, analysts have taken their estimates down on the name over the past few months, and Sprint has beaten expectations in three of the past four quarters. This will be a very important quarter for Sprint as it was the first one where they sold the iPhone. Sprint made a huge bet with the iPhone, and we'll see if it is starting to pay off. For the full year, analysts are expecting to see revenues increase by 3.4 percent to $33.67 billion. The company is expected to post a full year loss of 86 cents per share, much better than the $1.14 it lost in the prior year. However, the loss is expected to be just as much in 2012 as it was in 2010.

Coca-Cola (NYSE:KO): The beverage giant will report its fiscal fourth quarter and full year results Tuesday morning. For the quarter, revenues are projected to rise by 4.7% to $11 billion. Earnings per share are forecasted to rise by a nickel to $0.77 per share. For the full year, revenues are expected to jump by over 32% to $46.5 billion. Earnings per share are expected to increase from $3.49 to $3.82. The company is expected to return to its normal lower growth numbers in 2012, with revenues and earnings per share expected to rise in the low to mid single digits, percentage wise.

Philip Morris (NYSE:PM): The cigarette giant will report fiscal fourth quarter and full year results when it reports on Thursday morning. For the fourth quarter, revenues are projected to rise by 4.8% to $7.37 billion. Earnings per share are expected to rise at more than twice that pace, from $0.97 in the prior year period to $1.09 for the 2011 period. For the full year, revenues are expected to rise by 13.2% to $30.79 billion. Earnings per share are projected to increase by roughly a dollar to $4.86. Both revenue and earnings per share growth are expected to slow down in 2012.

Pepsico (NYSE:PEP): The other major beverage maker will report its fourth quarter and full year results on Thursday morning. For the quarter, revenues are projected to increase by just under 10% to slightly below $20 billion. Earnings per share are forecasted to increase by 8 cents to $1.13. For the full year, revenues are projected to rise by 14.7% to $66.32 billion. Earnings per share are expected to increase from $4.13 to $4.39. In 2012, analysts are expecting to see an additional 3% in revenue growth, and the potential for earnings per share to increase at twice that growth rate.

LinkedIn (NYSE:LNKD): The professional networking site will release its third earnings report since going public on Thursday afternoon. This will be fourth quarter and full year results. LinkedIn has blown out expectations in its previous two quarterly reports. For the fourth quarter, analysts are expecting revenues to come in at $159.72 million and earnings per share of 7 cents. For the full year, analysts are looking for $513.9 million in revenues and earnings per share of 31 cents. 2012 is expected to be a great year as well, with current estimates calling for 61% revenue growth and earnings per share to nearly double.

Akamai (NASDAQ:AKAM): The technology company will report Wednesday after the bell. For the fourth quarter, revenues are forecasted to rise by 9.3% to $311.26 million. However, earnings per share are expected to be flat at 40 cents per share. For the full year, revenues are projected to rise by 12% to $1.15 billion. Earnings per share are only expected to be up 3 cents to $1.46 as margins have come down. Revenue growth in 2012 is about to be the same as 2011's numbers, however, earnings per share are forecasted to rebound, being up roughly the same as revenues.

Activision Blizzard (NASDAQ:ATVI): The video game maker will report fourth quarter and full year results Thursday after the closing bell. For the fourth quarter, revenues are projected to decline by 13.5% as worldwide game sales are coming down. Analysts are looking for $2.2 billion in revenues. Earnings per share are actually projected to rise, however, by three cents, to $0.56 per share. For the full year, revenues are expected to decline by 10.8% to $4.28 billion. Earnings per share are expected to increase from $0.79 to $0.86. The company is expected to post revenue growth in 2012, with earnings per share rising by a similar amount to that of 2011.

TriQuint Semiconductor (TQNT): The chip maker is expected to post a down quarter when it results quarterly and full year results Wednesday afternoon. For the fourth quarter, revenues are expected to decline by 13.5% to $219.07 million. Earnings per share are forecasted to fall even more, from a quarter in the prior year period to just seven cents this quarter. For the full year, revenues are expected to rise slightly by one percent to $887.79 million. However, earnings per share are expected to drop from $0.83 to $0.50. The company is expected to maintain or slightly increase revenue growth in 2012, but earnings per share are forecasted to decline sharply again.

Ralph Lauren (NYSE:RL): The apparel maker will report third quarter results Wednesday morning. For the quarter, revenues are expected to increase by more than 13 percent to $1.75 billion. However, earnings per share are forecasted to decrease by a nickel to $1.67. Results are expected to be better for the current fiscal year, which ends in March. Revenues for the year are projected to increase by more than 20 percent to $6.8 billion. Earnings per share are expected to increase from $5.75 to $6.97.

Groupon (NASDAQ:GRPN): Groupon will report its results for the first time since going public in November when it reports Wednesday afternoon. For the quarter, analysts are expecting $475.15 million in revenues and a profit of three cents per share. They will also report full year results for 2011, which are expected to come in at $1.59 billion for revenues and a loss of 30 cents per share. In 2012, analysts are expecting revenues to rise by more than 43%, and are currently looking for a 31 cent profit from the company.

Sohu.com (NASDAQ:SOHU): The Chinese internet company will report Monday morning. For the fourth quarter, revenues are projected to soar by over 40% to $243.75 million. Earnings per share are also expected to increase, but not as much, from $1.07 to $1.24. For the full year, revenues are expected to rise by nearly 39% to $850.33 million. Earnings per share are forecasted to increase by a dollar to $4.62. Revenue and earnings per share growth will slow down in 2012, but are still on pace to grow in the high teens or low to mid 20s, in terms of percentages.

Hasbro (NASDAQ:HAS): The game and toy maker will report before the bell on Monday. This will be fourth quarter and full year results. The company has missed earnings expectations in the past three quarters. For the quarter, analysts are expecting revenues to increase by 4.8% to $1.34 billion. Earnings per share are forecasted to rise by six cents to $1.05. For the full year, revenues are expected to increase by 7.3% to $4.3 billion. Earnings per share are expected to tick up to $2.77 from $2.63 in the prior year.

Coinstar (CSTR): The company will report fourth quarter and full year results Monday after the closing bell. For the quarter, revenues are estimated to jump by 27.5% to $498.05 million. However, earnings per share are forecast to decline by 4 cents to $0.64 per share. For the full year, revenues are expected to rise by nearly 27% to $1.82 billion. Earnings per share are expected to rise at a faster rate, from $2.03 to $3.26. Revenue and earnings growth will slow down in 2012 but is still expected to be strong.

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