Next Week's Earnings Preview: The Roller Coaster Descends

Hickey and Walters (Bespoke) submit: We are on the downslope of second quarter earnings season, with the past two days marking the peak of companies reporting their quarterly numbers. You would hardly even know earnings season was going on right now with all the attention being paid to the market's credibility.

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Below we highlight key companies reporting earnings next week. Verizon (VZ) starts us off on Monday, followed by ADP, AVP, IACI, COH, GM, VLO and WFMI on Tuesday, TWX, DIS, ERTS and SBUX on Wednesday, and IP and NYX on Thursday.

Comments

[wixeywaxy:]

I, for one, am opposed to the ritual of having corporations reporting earnings on announced dates. The only requirement should be that the reports should be no later than a specific period of time after the quarters. This practice only feeds into speculation in the options markets and encourages manipulation in the stocks. The only requirement should be that companies report after the markets close and they should not allow after market trading or pre-market trading on and after announcement days to allow all interested parties to have a chance to hear the report and digest it's significance so that there is a level playing field. Reports should be made as soon as they are available. Companies should warn of upcoming surpises to reasonalby expected results as early as the approximate magnitue can be determined and again the off market trading should be limited after these announcements until the public can digest the information. Further I don't think it serves the best interest of investors for companies to give guidance beyond what which they can be reasonably certain and that isn't very much. The notion that companies produce smooth quarter to quarter earnings is false and it encourages all kinds of creative accounting to produce these "to the penny figures". All this is a child of Wall St. analyst and the average investor is swindled into trading on this artificial scenario. Vic

2007 Jul 29 11:13 AM

[Leo Surprenant:]

Vic, I think your point is true. The facts that you presented are alarming! I find it hard to understand how the ritual of having corporations reporting earnings is not with new Federal Regulations? Vic your concerns are justified. I give my respect to you. Leo Surprenant

2007 Jul 29 03:03 PM

[TN hick:]

VICVW - what are you smoking? of course the system is rigged? that is the point. when was it not!
and it is not just wall street, with crude at $78/bbl and milk at $6/gal it is out right fraud for the FOMC to be stating that there is no inflation
but then, the FOMC members are merely the creation of the wall street culture

2007 Jul 29 11:44 AM

[fwallace55:]

Vic, I agree with your thoughts in this regard... 100%... how do we campaign for change? fwallace

2007 Jul 29 11:46 AM

[T HA:]

protest!!!

2007 Jul 29 01:30 PM

[hansk00:]

Vick, Americans by nature are gamblers. So let us have our speculations and leave the rest to Munibonds.
HK in Baton Rouge

2007 Aug 06 07:39 PM