Coming Week: Top 7 Earnings on Deck

NEW YORK (TheStreet) -- Next week may have cooled off in the number of companies reporting earnings, but at least one company in my list is likely to heat up the chart.

Reporting Before the Open

JA Solar Holdings (JASO)

Who They Are: JA Solar is a manufacturer of solar cells and is headquartered in Shanghai, China. JA Solar trades an average of 1.6 million shares per day with a marketcap of $157 million.

JA Solar is anticipated to report weak first quarter earnings before the opening bell on June 5. The consensus estimate is currently a loss of 15 cents a share, from sales of $282.7 million. The estimates are a decline of 52 cents from the profit of 37 cents during the same period last year.

It's difficult to imagine how or why analysts' estimates or reported numbers are taken seriously with Chinese companies. Please read my latest risk assessment on Chinese stocks.

After Closing Bell

Altera (ALTR)

Who They Are: Altera designs, manufactures, and markets a broad range of high-performance, high-density programmable logic devices and trades an average of 4.2 million shares per day with a marketcap of $10.9 billion.

Expectations: Altera is anticipated to report weak second-quarter earnings of 39 cents per share June 7 after the close. The consensus estimate is currently a decline of 26 cents from the same period last year.

Estimates for revenue range from a low of $444.6 million up to $452.8 million. The average estimate is $445.9 million, down from $548.4 million in the same quarter last year.

Altera has two beats and two misses in the last four quarters. The chart appears poor with the moving averages moving lower and shares trading near the lows of the year. A surprise beat could send the shares higher, however, without a larger short interest, sustaining a move higher may prove problematic.

FuelCell Energy (FCEL)

FuelCell is expected to report last fiscal quarter's results after the closing bell on June 05, 2012. Let's review how FuelCell Energy has performed in recent quarters.

Who They Are: FuelCell Energy develops and markets ultra-clean power plants and trades an average of 1.8 million shares per day with a marketcap of $194 million.

Expectations: FuelCell is anticipated to report better second-quarter results with a loss of "only" 5 cents per share, beating a loss of 10 cents from the same period last year. Revenue is climbing fast, with sales growth expected to increase over 17% to $33.5 million. FuelCell revenue for the same quarter last year was $28.6 million.

The stock has ripped higher this week. Opening Tuesday, May 29, at $1.03, and by Thursday, May 31, FuelCell was trading near $1.40. FuelCell is benefiting from lower natural gas prices.

Guidance will be key to price direction. Even if FuelCell reports a loss, if the company guides higher and moves out of the red, a two- or three-banger is well within reach. Of course, FuelCell will have to deliver, but the timing appears good. FuelCell has a short interest of 5.8%, not enough to create a massive short squeeze, albeit enough to put some legs under a move higher if the earnings report is favorable.

FuelCell's reported production is currently five days a week and they may move to seven days a week.

Dollar General (DG)

Dollar General is scheduled to release last fiscal quarter's results after the closing bell on June 4. Let's take a look at how Dollar General has done in recent quarters.

Who They Are: Dollar General is a discount retailer. Its stock trades an average of 2.5 million shares per day with a marketcap of $16.4 billion.

Dollar General is anticipated to report impressive first-quarter earnings. The consensus estimate is currently 59 cents a share, an improvement of 22.9% from the same period last year's 48 cents. Expect revenue to climb another 10.7% to reach $4.33 billion. Dollar General trades at a slightly rich price-to-earnings multiple of 20.6, with very little short interest of 1.5%.

Dollar General's chart is picture perfect for trend followers. All the major moving-price averages are increasing in lock step. Each price drop in shares represented a buying opportunity and shares are making new 52-week highs. The real question is can management continue to deliver and is the share price becoming extended? I would wait for a pullback in price, however, if Dollar General beats, the wait could turn into a long time.

The Pep Boys (PBY)

Who They Are: Pep Boys - Manny, Moe & Jack is a leading automotive retail and service chain. Pep Boys trades an average of 2 million shares per day with a marketcap of $469 million.

Pep Boys is anticipated to report dismal first-quarter earnings after the closing bell on June 7. The consensus estimate is currently 2 cents a share, a decline of 21 cents from 23 cents during the same period last year. Poor earnings expectations were cited as the motivation for private equity Gores Group to walk away from a $15 a share offer to takeover Pep Boys.

Pep Boys doesn't look very attractive to me either at $15 a share, but under $10 with a forward price-to-earnings multiple of 10, the worst may be over for investors. $50 million (96 cents per share) penalty from Gores Group for not completing the buyout will help ease the pain.

Francesca's Holdings (FRAN)

Who They Are: Francesca is a specialty retailer of women's apparel products and trades an average of 1.3 million shares per day with a marketcap of $983 million.

Francesca is anticipated to report profound first-quarter earnings growth after the closing bell on June 7. The consensus estimate is currently 18 cents a share, an improvement of 8 cents from 10 cents during the same period last year.

Francesca's share price has rode a roller coaster as a result of previous good numbers combined with firing former CFO Gene Morphis. Francesca may appear bargain bin priced, however, the price-to-earnings multiple is still very high at 41.

Ulta Salon, Cosmetics & Fragrance (ULTA)

Who They Are: ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services trades an average of 1.2 million shares per day with a marketcap of $5.6 billion.

ULTA is anticipated to report improving first-quarter earnings after the closing bell on June 5. The consensus estimate is currently 53 cents a share, an improvement of 16 cents from the same period last year.

Author does not hold a position in any stock mentioned at the time of writing. Author may enter into a long FuelCell position before earnings release.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

At the time of publication, the author held no positions in any of the stocks mentioned. However, he may initiate a position in FCEL before earnings are announced.

More from Opinion

How to Invest Like Warren Buffett

How to Invest Like Warren Buffett

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Many Chip Stocks Look Cheap Here, as Long as the Economy Holds Up

Many Chip Stocks Look Cheap Here, as Long as the Economy Holds Up