The Week in Preview: High Expectations for Southwest, Chevron, Broadcom

Filed under: Earnings Reports, Forecasts, Chevron Corp (CVX), Southwest Airlines (LUV), Broadcom Corp'A' (BRCM), Economic Data

The earnings crunch rolls on this coming week, and the analysts surveyed by Thomson Reuters are looking for strong quarterly results from the likes of Avon (AVP), Coinstar (CSTR), Corning (GLW), DuPont (DD), MetLife (MET), Norfolk Southern (NSC), Northrop Grumman (NOC), Royal Dutch Shell (RDS.A) and many others. In fact, Broadcom (BRCM), Chevron (CVX) and Southwest Airlines (LUV) are expected to have doubled their second-quarter earnings per share compared to a year ago.

The three months that ended in June saw Southwest Airlines celebrate the 39th anniversary of its founding, and it also declared a quarterly dividend. Analysts expect the Dallas-based no-frills carrier to report that second-quarter earnings came to 27 cents a share, a 70.4% rise from a year earlier. Revenue for the period is expected to have grown 20.4% to $3.2 billion. So far, analysts predict similar earnings and revenue numbers for the third quarter. But earnings results were better than expected in the past four quarters, beating consensus estimates by as much as 47%.

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The Week in Preview: High Expectations for Southwest, Chevron, Broadcom originally appeared on BloggingStocks on Sun, 25 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.

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Southwest Airlines - Thomson Reuters - Broadcom - Royal Dutch Shell - Northrop Grumman

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