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5 Earnings Previews for Week Ahead

NEW YORK ( TheStreet) - Medtronic (MDT - Get Report), Patterson (PDCO - Get Report) and Signet (SIG - Get Report) are among the five stocks reporting quarterly earnings next week.

Analysts estimate these stocks, from sectors such as medical devices, dental supplies and retail, to have upside potential ranging from 16% to 33%. An average of 57% of analysts rate them as a buy.

We present the stocks in order of their earnings release date.

5. Medtronic (MDT - Get Report) manufactures and sells device-based medical therapies. Medtronic will announce second-quarter fiscal 2012 results on Nov. 22.

Net income for 2012 second quarter is estimated at $872 million, or 82 cents per share, compared to $887 million, or 52 cents per share, in the year-ago quarter, according to analysts polled by Bloomberg. Sales are seen increasing 4% to $40.7 billion for the quarter.

Gross margin is expected to drop slightly to 75.34%, vs. 75.38% during the same quarter 2011, while the per-share dividend is estimated to increase by 7% to 24 cents. Return on assets and equity is seen declining 72 and 686 basis points to 11.15% and 15.52%, respectively.

Of 34 analysts covering the stock, 38% recommend a buy and 62% suggest a hold. Analysts polled by Bloomberg expect the stock to gain almost 17.5% to $39.8 from current levels over the next 12 months.

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CHS $12.57 -2.60%
DSW $24.44 -1.20%
MDT $78.83 -1.20%
PDCO $42.88 -1.60%
SIG $107.66 -0.95%


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