Archive for September, 2009

The earnings calendar looks very light this week ahead of next week’s initial third quarter reports. Here are the key earnings reports should watch for this week:

We are expecting another solid quarter with revenues likely inline with Street consensus, but cost savings should deliver better than expected earnings results.

Corporate spending has clearly been subdued over the last few quarters, but we expect that RIM will benefit as enterprise spending begins to ramp up once again.

While the economy is showing signs of recovery, we don’t see any catalyst that would cause the company to deliver a monster quarter.

We believe that revenues could inch sequentially higher from last quarter’s level, but that probably won’t be enough to move the stock significantly.

We view management’s earnings guidance as being on the conservative side and expect reported results to be at the high end of their guidance range.

We believe that Best Buy will likely expand upon their recent market share gains, but likely still faces challenges from weak consumer demand.

We would expect strong quarterly results and upbeat guidance will lift NSM’s stock price in the near term.

While the company has been able to increase margins by engaging in productive cost cutting, sales numbers have been particularly weak over the last couple of quarters.