Must-Watch Earnings for This Week

NEW YORK ( TheStreet) -- These five earnings reports expected Wednesday through Friday are all market-moving candidates. I start with a natural gas play and end with energy from Brazil. It's a good mix and each stock can affect the market with any surprises.

I examined each one based on key metrics and I am pleased to report they are all bullish. SD Chart SD data by YCharts

SandRidge Energy (SD)

Background:  

SandRidge and its subsidiaries operate as an independent natural gas and oil company and trades an average of 9.6 million shares per day with a market cap of $3.2 billion.

52 week-high: $12.01, 52-week low: $5.01, book value: $3.51, price to book: 1.1

Investors are anticipating a better second-quarter earnings report after the market closes on Thursday. The consensus opinion is presently 1 cent a share, better than the break-even results during the corresponding period last year. SandRidge has two beats and two misses in the last four quarters.

Shareholders in the last year have been taken back to the woodshed as shares fell 43% in the last year. There is hope, though; the average analyst target price for SD is $9.82.

The trailing 12-month price-to-earnings ratio is 95 and the mean fiscal year estimate price-to-earnings ratio is 55, based on earnings of 11 cents per share this year.

In the last month, the stock has fallen 0.6%. When SD last reported earnings, May 3, the closing price before earnings was $6.91. In comparison to a recent price of $6.78, shares are down 13%.

Previously, SD had an increase of year-over-year revenue, but margins fell. Revenue reported was $1.42 billion last fiscal year compared to $931.74 million in the previous year. The bottom line has falling earnings year-over-year of $52.48 million last fiscal year compared to $153.12 million in the previous year.

Guidance should look good. Rising natural gas prices and lower North American recoverable estimates are bullish for the stock. CMCSA Chart CMCSA data by YCharts

Comcast (CMCSA)

Background:

Comcast is among the world's leading communication companies and trades an average of 12.3 million shares per day with a market cap of $85.2 billion.

52-week high: $32.39, 52 week-low: $19.78, book value: $17.61, price to book: 1.77

Comcast is anticipated to report good second-quarter earnings before the market opens Wednesday. The consensus estimate is currently 48 cents a share, an improvement of 6 cents (12.5%) from 42 cents during the same period last year.

Sixteen (over 70%) of analysts rate Comcast a buy or strong buy out of 20 analysts. There are no analysts rating it as a sell. The average analyst target price for Comcast is $34.94.

The trailing 12-month price-to-earnings ratio is 19, the mean fiscal year estimate price-to-earnings ratio is 16.5, based on earnings of $1.90 per share this year. Investors are receiving 65 cents in dividends for a yield of 2.07%.

Comcast stock has appreciated 31% in the last year and is modestly higher from a month ago. Management has provided an improvement of year-over-year revenue. Revenue reported was $55.84 billion last fiscal year compared to $37.94 billion in the previous year. The bottom line has rising earnings year-over-year of $4.16 billion last fiscal year compared to $3.64 billion in the previous year.

Comcast continues a solid bull trend with all trendlines moving from the lower left to the upper right. PG Chart PG data by YCharts

Procter & Gamble (PG)

Background:

Procter & Gamble manufactures and markets a broad range of consumer products and trades an average of 12.3 million shares per day with a market cap of $176.9 billion.

52-week high: $67.90, 52-week low: $58.51, book value: $23.82, price to book: 2.73

Investors aren't expecting an improvement in earnings. Analysts forecast per-share results below last year in the same quarter. The earnings release is planned before the market opens on Friday. The consensus estimate is currently 77 cents a share, backsliding 7 cents (8.3%) from 84 cents during the matching period in the previous year. The average analyst target price for Procter & Gamble is $67.75.

Revenue year-over-year has increased to $82.56 billion last fiscal year compared to $78.94 billion in the previous year. The bottom line has falling earnings year-over-year of $11.80 billion last fiscal year compared to $12.74 billion in the previous year.

The trailing 12-month price-to-earnings ratio is 16.5, the mean fiscal year estimate price-to-earnings ratio is 16.44, based on earnings of $3.90 per share this year. Investors are receiving $2.25 in dividends for a yield of 3.51%.

The stock has appreciated 4.3% in the last year -- not bad for a big dividend-paying stock, but all of the gains happened within the last 30 days with a 6.7% improvement. Procter & Gamble's last earnings release was April 27 and the previous closing price was $64.44. Relative to a recent price of $65, shares are lower 1.6%.

Procter & Gamble is breaking above the 200-day moving average again. If the stock holds through earnings, look for continued upside direction and a rebirth of another bull trend. KFT Chart KFT data by YCharts

Kraft Foods (KFT)

Background:

Kraft is the largest branded food and beverage company headquartered in the U.S. and trades an average of 14 million shares per day with a market cap of $69.8 billion.

52- week high: $40.19, 52-week low: $32.80, book value: $20.86, price to book: 1.85

Earnings growth is expected from Wall Street in the second-quarter earnings Thursday. The consensus conjecture is 67 cents a share, a gain of 5 cents (7.5%) from 62 cents during the corresponding quarter last year.

Analysts approve the direction Kraft is headed, with 13 of the 19 analysts covering the company giving a buy recommendation, and no analysts rating it as a sell. The average analyst target price for Kraft is $42.94.

The trailing 12-month price-to-earnings ratio is 16.8, the mean fiscal year estimate price-to-earnings ratio is 15.51, based on earnings of $2.50 per share this year. Investors are receiving $1.16 in dividends for a yield of 2.99%.

Shares have moved higher in the last month with a 3.8% improvement. The last date Kraft released earnings was on May 3, and the closing price before earnings was $39.59. Based on a recent price of $39.51, shares are down 1.3%.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $54.37 billion last fiscal year compared to $49.21 billion in the previous year. The bottom line has falling earnings year-over-year of $3.53 billion last fiscal year compared to $4.11 billion in the previous year.

Kraft is in a bullish trend, but has failed to breakthrough $40 twice now. A surprise beat might just take the shares up another level. The short interest is relatively low and under 1%. PBR Chart PBR data by YCharts

PetroleoBrasileiro SA (ADR) (PBR)

Background:

Petrobras is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and trades an average of 14.1 million shares per day with a market cap of $72.7 billion.

52-week high: $34.75, 52-week low: $17.64, book value: $28.29

Wall Street is expecting Petrobras to report poor second-quarter earnings before the market opens Thursday. The consensus estimate is currently 44 cents a share, a fall of 61 cents (58.1%) from $1.05 during the same period last year.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Petrobras has three buy recommendations out of seven analysts covering the company.

Three out of seven analysts now rate Petrobras a strong buy up from two analysts a month ago. Shareholders have not been rewarded for their patience as shares have fallen 42% in the last year, and the average analyst target price for PBR is $30.44.

In the last month, the stock performed well with a 7.8% increase. Revenue reported was $145.92 billion last fiscal year compared to $120.45 billion in the previous year. Petrobras pays a small dividend of11 cents, for a yield of 0.56%.

At the time of publication the author had no position in the stocks mentioned.

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

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