CHICAGO, April 16, 2012 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Citigroup (NYSE: C), Johnson & Johnson (NYSE: JNJ), Goldman Sachs (NYSE: GS), Intel (Nasdaq: INTC) and Yahoo (Nasdaq: YHOO). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
We are jumping right into the thick of the first quarter reporting cycle this week, with more than 250 companies coming out with results, including 89 companies from the S&P 500.
We will have representation from the who's who of the corporate world, with a number of bellwether players on tap to come out with results. By the end of the week, we will have results from a good enough sample to judge this earnings season.
While earnings will remain the primary focus during the week, we have a number of market-moving economic releases on deck as well. We will get a sense of the consumer economy though the monthly Retail Sales numbers, while the Industrial Production report will give us a good read on the manufacturing sector. Regional manufacturing surveys from the New York and Philly Feds will provide a preview of the manufacturing ISM index. We also have a fair amount of housing data on tap, particularly Housing Starts and Existing Home sales.
We will get the March Retail Sales numbers and earnings results from Citigroup (NYSE: C) before the markets open. The Empire State manufacturing survey comes out after the markets open.
For Retail Sales, the expectations are for a 0.4% gain following February's strong 1.1% gain. Excluding autos, retail sales are expected to have increased 0.6% vs. the 0.9% increase in February.
We will get earnings reports from Johnson & Johnson (NYSE: JNJ) and Goldman Sachs (NYSE: GS) before the open, in addition to the March Housing Starts numbers. The Industrial Production data comes out a little later, while Intel (Nasdaq: INTC) and Yahoo (Nasdaq: YHOO) report results after the close.
Housing Starts have been bouncing around the 700,000 level for a while and that's where the expectation is. Industrial Production is expected to have increased by 0.5% in March after the flat reading in February.
Sheraz Mian is the Director of Research for Zacks.com.
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