Coca-Cola, Groupon Earnings to Top Coming Week

Tuesday Coca-Cola and Disney will dominate headlines as they announced quarterly results. Analysts polled by Thomson Reuters expect Coca-Cola to earning 77 cents a share on revenue of $10.99 billion, while they see profits of 68 cents a share on sales of $11.05 billion for Disney. Meanwhile, Open Table is expected to earn 30 cents a share on revenue of $36.81 million.

Wednesday will be another big day for earnings, with Cisco expected to kick things off with earnings of 48 cents a share on $11.91 billion in revenue. Groupon, on the other hand, will report earnings for the first time since the company went public in November.

Other big movers reporting will include media giants Time Warner Cable(TWX) and News Corp.(NWSA), wireless operator Sprint(S) and CVS Caremark(CVS), the largest U.S. prescription drug provider.

Time Warner, the second- largest U.S. cable-television provider, is expected to see earnings increase to 87 cents a share, while analysts polled by Thomson Reuters expect News Corp. to report that earnings rose to 39 cents a share. Meanwhile, analysts are expecting far worse results from Sprint, which is expected to see a loss of 37 cents a share.

Pharmacy giant CVS is expected to see revenue climb 14% to $28.12 billion with earnings of 89 cents a share as rival Walgreen(WAG) stands to suffer from the loss of Express Scripts(ESRX) from its pharmacy network.

Investors will see the first major U.S. economic data release Thursday, while the European Central Bank's Governing Council meets.

Economists expect the Labor Department to report the number of Americans filing initial jobless claims to rise to 370,000 from 367,000 last week, according to Thomson Reuters. The report will be the first on jobs since the Bureau of Labor Statistics reported last Friday that the unemployment rate unexpectedly dropped to 8.3%, the lowest level in almost three years.

However, market players will listen carefully when ECB president Mario Draghi speaks at a press conference after the meeting for any commentary on the Greek debt situation for a hint into how the bank might get involved to prevent, or in the worst case scenario, organize, a bailout.

Outside the government data and statements, Thursday will be another busy day for corporate earnings. LinkedIn and Dunkin' Brands(DNKN) will report earnings for the October through December period for the first time since their initial public offerings in May and July, respectively.

Analysts polled by Thomson Reuters expect online travel agency Expedia to report earnings of 54 cents a share on revenue of $815 million in the fourth quarter, while they see earnings of just 1 cent a share on revenue of $785.49 for Sirius XM Radio(SIRI), the country's largest satellite-radio broadcaster.

Things will settle down for before the weekend Friday as the U.S. sees a couple economic data releases and a slowing of corporate earnings announcements.

Before the bell, the Department of Commerce is expected to report that U.S. international trade deficit increased to $48.5 billion in December from $47.8 billion the prior month.

Later in the morning the University of Michigan confidence survey is expected to stay flat at 74.0, its highest level in eight months, after jumping to that mark from 69.9 in December.

Of note on the Friday earnings calendar will be NYSE Euronext(NYX), whose $9.5 billion proposed merger with Deutsche Boerse was rejected by the European Union last week.

-- Written by Kaitlyn Kiernan in New York.

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