Earnings Season Should Be Learning Season

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Every Friday, I take a look at seven companies that are projected to post year-over-year drops in quarterly profitability the following week.

However, this is earnings season, so there are plenty of companies reporting next week. Unfortunately, it's not just the seven stocks that I singled out that are going the wrong way on the bottom line next week.

Here are seven more market bellwethers that are forecast to post lower earnings than they did a year ago:

Company	Latest Quarter EPS (Estimated)	Year-Ago Quarter EPS
Repsol YPF (NYSE: REP)	$0.41	$0.82
Agilent (NYSE: A)	$0.24	$0.62
J.C. Penney (NYSE: JCP)	$0.11	$0.55
Urban Outfitters (Nasdaq: URBN)	$0.34	$0.35
Trex (NYSE: TWP)	$0.15	$0.44
Cinemark (NYSE: CNK)	$0.16	$0.19
Teekay (NYSE: TK)	($0.71)	$1.29

Source: Yahoo! Finance.

These are some pretty heavy hitters targeted to take a step back next week. Shoppers apparently aren't flocking back to J.C. Penney and Urban Outfitters just yet. Cinemark is stumbling, even though business appears to be hopping at the local multiplex. Financing is tight, but if the economy were turning the corner, one would expect more people to be hitting up Trex to build new patio decks.

There is bound to be plenty of good news, too, but keep an eye on these market-moving stocks. Along with the other stocks I'm worrying about, there are way too many opportunities for heartbreak next week.