Every Friday, I take a look at seven companies that are projected to post year-over-year dips in quarterly profitability the following week.
We're coming to the end of earnings season, but there are still plenty of companies reporting next week. Unfortunately, it's not just the seven stocks that I singled out earlier that are going the wrong way on the bottom line next week.
Here are seven more market bellwethers that are forecasted to post lower earnings next week than they did a year ago:
|
Company |
Latest Quarter EPS (Estimated) |
Year-Ago Quarter EPS |
|---|---|---|
|
American Oriental Bioengineering (NYSE:AOB) |
$0.17 |
$0.21 |
|
ReneSola (NYSE:SOL) |
($0.07) |
$0.46 |
|
Intuit (NASDAQ:INTU) |
($0.16) |
($0.09) |
|
GameStop (NYSE:GME) |
$0.30 |
$0.34 |
|
Suntech Power (NYSE:STP) |
$0.07 |
$0.33 |
|
Sears Holdings (NASDAQ:SHLD) |
($1.09) |
($0.90) |
|
Zumiez (NASDAQ:ZUMZ) |
$0.14 |
$0.23 |
Source: Yahoo! Finance.
These are some pretty heavy hitters targeted to take a step back next week. Solar energy's popularity is inevitable, yet ReneSola and Suntech apparently aren't shining as bright as they were a year ago. Intuit is in its seasonal lull, but isn't the economic calamity the kind of event that births entrepreneurs with fresh accounting software needs? Shouldn't the glimmers of consumer confidence reflect an uptick in traffic at Sears, Zumiez, and GameStop?
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 singled out earlier, there are way too many opportunities for heartbreak next week.
