7 Earnings Reports to Watch Next Week

NEW YORK (TheStreet) - Dell (DELL), InterOil (IOC) and HJ Heinz (HNZ) are among the seven stocks reporting quarterly earnings next week.

These stocks, from the oil and gas, technology, consumer goods and basic materials, are seen by analysts to have upside potential ranging from 5% to 79%. On average, 55% of analysts have buy ratings on these stocks.

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

7. InterOil ( IOC) is an integrated energy company announcing third-quarter results Nov. 14.

Net income for the third quarter of 2011 is estimated at $1.1 million or 1 cent per share as compared to a net loss of $2.6 million or 6 cents per share in the year-ago quarter, according to analysts polled by Bloomberg. Sales are seen at $329.7 million, an increase of 59% from $207.5 million recorded in the third quarter of 2010.

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Return on equity is seen at positive 1.75%, compared to negative 5.37%, while return on assets is estimated at 2.16%, compared to a loss of 3.36% in the year-ago quarter. Meanwhile, cash flow per share is seen rising by 34% to 38 cents.

All three analysts covering the stock recommend a buy on it. Analysts polled by Bloomberg expect the stock to gain an average 58.3% to $77.33 from current levels over the next 12 months.

6. Sinovac Biotech ( SVA), a holding company, is an integrated China-based biopharmaceutical company focusing on vaccines against infectious diseases. Sinovac will announce third-quarter results Nov. 14.

Net income for the third quarter of 2011 is estimated at $1.36 million compared to a net loss of $300,000 in the year ago quarter, as per analysts polled by Bloomberg. Sales are forecast at $12.1 million, up 27% from $9.55 million in the third quarter of 2010. Gross margin for the quarter is seen increasing to 73% from 68.26% in the year-earlier quarter. Operating profit is seen swinging to positive $2.23 million from a $740,000 operating loss in the year-ago quarter.

Of the three analysts covering the stock, 33% recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 78.9% to $3.90 from current levels over the next 12 months.

5. Dell ( DELL), a computer technology company, will announce third-quarter fiscal year 2012 results on Nov 15.

Net income for the third quarter of fiscal year 2012 is estimated to come in at $881.1 million, or 47 cents per share, as compared to $875 million, or 45 cents per share, in the year-ago quarter, according to analysts polled by Bloomberg. Sales are seen increasing by 2% to $15.7 billion from the third quarter of fiscal year 2011. Gross margin is seen increasing by 15% to 22.42%, while cash flow per share is estimated to increase by 64% to 77 cents. Return on assets and equity is seen expanding by 284 basis points to 8.83%.

Of the 38 analysts covering the stock, 53% recommend a buy and 34% suggest a hold. Analysts polled by Bloomberg expect the stock to gain almost 15.8% to $17.32 from current levels over the next 12 months.

4. NetApp ( NTAP) provides data storage and management solutions. The company will announce its second quarter fiscal 2012 results on Nov. 16.

Net income for the second quarter of fiscal year 2012 is estimated at $233.61 million on sales of $1.54 billion, vs. $202.7 million recorded on $1.2 billion sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 59 cents for the quarter, up 14% from 52 cents in the year-ago quarter. Operating profit is seen rising 43% to $282.96 million. Return on equity and assets are seen expanding by 227 and 205 basis points to 23.67% and 10.93% respectively. Cash flow per share is forecasted more than double to $2.43.

Of the 39 analysts covering the stock, 62% recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain almost 17.8% to $49.35 from current levels over the next 12 months.

3. Helmerich & Payne ( HP) is a driller of oil and gas wells for domestic, offshore and international projects. HP will announce fourth-quarter 2011 results Nov. 17.

For the fourth quarter of 2011, the company is expected to pay a dividend of 7 cents a share as compared to 6 cents per share in the year ago quarter. Currently, the company has a dividend yield of 0.5%.

For the fourth quarter of 2011, net income is seen increasing to $114.25 million, or $1.05 per share, from $82.81 million, or 77 cents per share, in the year-ago quarter. Sales are seen rising 20% to $672.86 million from $558.96 million in the same quarter prior year. Gross margin is likely to expand to 44.77% from 28% in the year-ago period. Return on assets is seen increasing to 4.49% from 3.71% in the year-ago period, while cash flow per share is also seen increasing by 62% to $1.97.

Of the 22 analysts covering the stock, 41% recommend a buy and 55% suggest a hold. Analysts polled by Bloomberg expect the stock to gain almost 23.4% to $66.13 from current levels over the next 12 months.

2. Haynes International ( HAYN) is a maker of alloys for aerospace, chemical processing and land-based gas turbine industries. Haynes will announce fourth-quarter results on Nov. 18.

In mid-September, the company paid a quarterly cash dividend of 20 cents per share to its shareholders. Currently, the company has a dividend yield of 1.9%.

For the fourth quarter of 2011, the company expects net income of $9.74 million on sales of $144 million, as compared to a net income of $5.46 million recorded on $104.65 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 81 cents for the quarter, a 79% increase from 45 cents in 2010 third quarter. Gross margin is seen rising by 4% to 19.75%, while operating profit is seen increasing by 68% to $15.6 million.

Of the six analysts covering the stock, 50% recommend a buy and 33% suggest a hold. On average, analysts polled by Bloomberg expect the stock to gain almost 32.8% to $71.00 from current levels over the next 12 months.

1. HJ Heinz ( HNZ), a manufacturer of ketchup and other food products, will announce second-quarter fiscal year 2012 results on Nov. 18.

For the second quarter of fiscal year 2012, dividend per share is seen coming in at 48 cents as compared to 45 cents paid in the second quarter of fiscal year 2011. Currently, the company has a dividend yield of 3.4%.

For the second quarter of fiscal year 2012, net income is seen at $259.3 million, or 80 cents a share, vs. $251.4 million, or 78 cents a share, recorded in the year-ago quarter. Also, for the same period, net sales are seen growing to $2.91 billion from $2.61 billion. Operating profit is at $417.17 million from $416.8 million earlier. Cash flow per share is pegged at $1.06 for the quarter as compared to 51 cents in the first quarter of fiscal year 2011.

Of the 20 analysts covering the stock, 50% recommend a buy and 45% suggest a hold. On an average, analysts polled by Bloomberg expect the stock to gain almost 4.7% to $55.64 from current levels over the next 12 months.

>>To see these stocks in action, visit the 7 Earnings Stocks to Watch portfolio on Stockpickr.

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