Earnings Preview – Week of May 29th The focus this holiday-shortened week will be on the labor market, with the May non-farm payroll report coming out on Friday. Many will be hoping that the jobs report will help wash away the disappointing readings from the last two months. Relative to where expectations stood ahead of the April and March reports, it may not be that difficult to meet or exceed expectations this time around. There are a number of other major economic reports on the docket as well, with Thursday and Friday particularly busy. The first quarter 2012 earnings season is effectively over, though we still have a handful of companies yet to report results. As of Friday (05/25), a total of 492 companies in the S&P 500 have already reported. We will get results from 55 companies this week, including 3 from the S&P 500. Total earnings increased a solid 7.8% in the first quarter, compared to the preceding quarter’s 6.4% growth pace. Approximately 67% of companies came ahead of expectations, with a median earnings surprise of a very good 3.2%. Most of the growth came from top-line gains, with total revenues increasing 5% from the year-earlier level. Relative to earnings beats, far fewer companies were able to beat revenue expectations, with only about 40% of the companies coming out with positive revenue surprises. Monday - 5/28
Tuesday - 5/29
Wednesday - 5/30
Thursday - 5/31
Friday - 6/01
AUTOMATIC DATA (ADP): Free Stock Analysis Report To read this article on Zacks.com click here.
updated May 25, 2012
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