Week in Preview: Earnings from Dell, Smucker, Marriott, Nordstrom

We're well into the quarter now, and the earnings reports continue to roll out. This week, Dell (DELL) highlights a handful of results from tech companies. Analysts surveyed by Thomson Reuters are looking for fourth-quarter earnings of 37 cents per share from the one of the world's top PC purveyors. That's up from 28 cents per share during the same period a year ago. Dell also is expected to report its revenue grew 5.5% year over year, to $15.7 billion for the three months that ended in January.

The full-year forecast calls for per-share earnings of $1.41 (+25.5%) and $61.5 billion in revenue (+16.3%). Dell earnings have not fallen short of consensus estimates in the past four quarters, beating by 12 cents per share in the third quarter. The First Call consensus recommendation is to buy Dell stock. Shares have faced resistance at $14 since November.

Agilent (A), Analog Devices (ADI) and NetApp (NTAP) are all expected to post strong earnings and revenue results this week as well, while Nvidia's (NVDA) earnings are expected to have slipped a bit from a year ago.

Smucker, Campbell Soup Earnings

Ohio-based Smucker's (SJM) fiscal third-quarter results will be among a few food-related companies on tap this week. Its net income for the three months that ended in January is anticipated to come to $1.26 per share, up from $1.22 a year ago. And revenue is expected to have risen 3.9% to $1.3 billion.

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Looking ahead to the second quarter, analysts so far expect to see stronger year-over-year revenue growth. Smucker's earnings have topped consensus estimates in recent quarters, by as much as 19 cents per share. Shares have traded mostly between $60 and $65 since last summer and are currently down about 4% year to date.

Campbell Soup (CPB) is scheduled to post its fiscal second-quarter results this week, but earnings are expected to have slipped marginally from a year ago to 72 cents per share. Dean Foods (DF) earnings are likewise anticipated to be smaller than a year ago, but beverage giant Dr Pepper Snapple (DPS) is expected to post strong numbers.

Hospitality, Media Sectors

In the hard-hit lodging and hospitality industry, Marriott (MAR) is expect to report 11.1% annual growth in its fourth-quarter earnings, coming in at 36 cents per share. And analysts are looking for revenue of $3.6 billion, a rise of 6.3%.

For the full year, the consensus forecast is for earnings of $1.12 per share (+16.9%) on revenue of $11.6 billion (+6.5%). Its earnings generally top estimates, recently by as much a nickel per share. Marriott does have a consensus buy recommendation, and shares have traded near $40 in the past couple of weeks.

Year-over-year earnings growth is expected from Hyatt Hotels (H) and Host Hotels (HST) as well. But another fourth-quarter and annual net loss is seen for MGM Resorts (MGM).

Also this week, CBS (CBS) is expected to report that its fourth-quarter earnings rose 43.2% and revenue grew 10.1% from a year ago, while Comcast's (CMCSA) earnings per share are expected to be about the same as a year ago with revenue up marginally. But both stocks are trading near 52-week highs.

Retailers Weigh In

And this week will see the first reports from fashion retailers. Seattle-based Nordstrom (JWN) is predicted to report fourth-quarter earnings that grew 23% from a year ago to $1 per share. And for the three months that ended in January, the consensus estimate is for revenue to total $2.8 billion, an increase of 10.6%.

The full-year forecast calls for per-share earnings of $2.71 per share (+28.4%) and $9.3 billion in revenue (+12.2%). In recent quarters, Nordstrom earnings have not fallen short of expectations. This retailer also has a consensus buy recommendation, and shares surged last week to near the 52-week high of $46.22.

Abercrombie & Fitch (ANF) is also forecast to post strong earnings and revenue for its fourth quarter.

The following week will bring many more reports from shopping mall favorites, including Gap (GPS), JCPenney (JCP), Kohl's (KSS), Limited Brands (LTD), Macy's (M), Sears (SHLD), Target (TGT), TJX Companies (TJX), as well as the world's largest retailer -- Walmart (WMT) -- and big-box home-improvement chains Home Depot (HD) and Lowe's (LOW).

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