Top 6 Must-Follow Earnings Starting Aug. 8

NEW YORK (TheStreet) -- GenOn Energy (GEN), Nvidia (NVDA) and J.C. Penney (JCP) are only some of the big names expected to report results at the end of the week.

Dean Foods Company (DF)

Who They Are:Dean Foods Company trades an average of 5.7 million shares per day with a marketcap of $2.3 billion.
52-Week Range: $7.97 to 17.03

Investors are looking forward to Dean delivering a better second-quarter earnings report before the market opens on Aug. 8. The consensus opinion is presently 31 cents a share, a progression of 13 cents (41.9%) from 18 cents during the corresponding period last year.

Right now, Dean Foods has only three buy recommendations out of 10 analysts covering the company; seven recommend holds, but at least no one recommends selling.

The trailing 12-month price-to-earnings ratio is 13.2, the mean fiscal year estimate price-to-earnings ratio is 10.3, based on earnings of $1.19 per share this year.

May 9 was the last earnings release. Shares May 10 closed at $14.63. Relative to a current price of $12.21, shares are down 16.5%.

Revenue year-over-year has increased to $13.06 billion last fiscal year compared to $12.12 billion in the previous year. The margins were not enough to keep the company out of the muck though.

Last fiscal year the company reported a loss of $1.58 billion compared to profit of $91.49 million in the previous year.

Currently, the short ratio is small and not a big concern. Short interest is 3.8%.

DF Revenue Growth Chart DF Revenue Growth data by YCharts

Windstream (WIN)

Who They Are:Windstream is a communications and technology company based in Little Rock, Ark. and trades an average of 6.7 million shares per day with a marketcap of $5.9 billion.

52-Week Range: $9.10 to 12.90

Book Value: $2.42

Price to Book: 4.03

Windstream is forecast to report falling second-quarter earnings before the market opens on Aug. 9. The consensus estimate is currently 12 cents per share, a drop of 7 cents (36.8%) from 19 cents during the same period last year.

Windstream has five buy recommendations out of 14 analysts covering the company and nine holds; no analysts recommend selling.

The trailing 12-month price-to-earnings ratio is 14.2, the mean fiscal year estimate price-to-earnings ratio is 18.8, based on earnings of 52 cents per share this year. The price multiple is rich considering the level of growth.

Windstream currently pays $1 in dividends for a yield of 10.2%. Reviewing the last three years of dividends, the average yearly dividend declared was $1.00. Over the last five years, the dividend has grown by an average of 0.6% per year. Windstream appears to be the classic yield trap with a dividend greater than earnings.

After Windstream's previous earnings release on May 10, the closing price was $10.09, compared to a recent price of $10.11.

For the same fiscal period year-over-year, revenue has improved to $4.29 billion last fiscal year compared to $3.71 billion in the previous year. The current proportion sold short is 7.9%.

WIN Revenue Growth Chart WIN Revenue Growth data by YCharts

Amarin Corporation (ADR) (AMRN)

Who They Are:The company was founded in 1989 and is headquartered in Dublin, Ireland. Amarin's ADRs trade an average of 8.5 million shares per day with a marketcap of $1.6 billion.

52-Week Range: $6.03 to $15.46

Wall Street is expecting Amarin to report a loss on Aug. 7. Expectations are for a loss of 15 cents a share, stumbling a full $2.66 from the profit of $2.51 during the matching period in the previous year.

All seven of the analysts covering the company give a buy recommendation. Clearly the number seven has not been full of luck. Shares have crumbled 16.6% in the last month of trading.

May 8 was the last earnings release with a closing price of $11.67. Relative to a current price of $11.62, shares are down 0.4%.

The short interest is markedly elevated and should be treated as a red flag that short sellers expect the price to fall. The current float short is 15%.

Nvidia (NVDA)

Who They Are:The graphics chip company was founded in 1993 and is headquartered in Santa Clara, Calif. Nvidia trades an average of 10.4 million shares per day with a marketcap of $8.4 billion.
52-Week Range: $11.73 to $16.45
Book Value: $6.93
Price to Book: 1.92

Wall Street isn't expecting much this quarter. The earnings per share is expected to come in below last year in the same quarter. The earnings release is scheduled after the market closes on Aug. 9. The consensus estimate is currently 15 cents a share, a decline of 11 cents (42.3%) from 26 cents during the corresponding period last year.

Seventeen out of 31 analysts rate NVIDIA a hold; 14 recommend a buy and no analysts recommend selling.

The trailing 12-month price-to-earnings ratio is 15.7, the mean fiscal year estimate price-to-earnings ratio is 18.9, based on earnings of 70 cents a share this year. Shares have traded slightly lower in the last month of trading. Shares are about break even at 0.9% less than a month ago.

NVDA PE Ratio Chart NVDA PE Ratio data by YCharts

Last quarter Nvidia released earnings May 11 and the closing price was $13.21. Relative to a current price of $13.52, shares are up 2.3%.

Year-over-year, revenue has improved to $4.00 billion compared with $3.54 billion in the previous year. The bottom line has rising earnings year-over-year of $581.09 million last fiscal year compared to $253.15 million in the previous year.

Currently, the short ratio is small and not a big concern. Short interest is 2.1%.

NVDA Revenue Growth Chart NVDA Revenue Growth data by YCharts

J.C. Penney (JCP)

Who They Are:J.C. Penney is a retail company trading an average of 11.6 million shares per day with a marketcap of $4.9 billion.

52-Week Range: $19.25 to $43.13

Book Value: $18.02

Price to Book: 1.23

J.C. Penney is forecast to record lower second-quarter earnings before the market opens on Aug. 10. The consensus estimate is currently a loss of 18 cents per share, dropping 25 cents from the profit of 7 cents during the equivalent quarter last year.

Nine out of 15 analysts rate J.C. Penney a hold. Five recommend a buy and one analyst who has looked at the chart recommends selling. The buy ratings are up from four analysts a month ago. Maybe they are thinking the worst is baked in?

JCP PE Ratio Chart JCP PE Ratio data by YCharts

The trailing 12-month price-to-earnings ratio is 107, the mean fiscal year estimate price-to-earnings ratio is 18.5, based on earnings of $1.20 per share this year. Based on the earnings multiple, this is one very expensive stock.

May 15 was the last earnings release, with a closing price of $33.32. Relative to a current price of $21.12, shares are down 36.6%.

The company has falling revenue year-over-year of $17.26 billion last fiscal year compared to $17.76 billion in the previous year. The bottom line has a loss year-over-year of $152 million last fiscal year compared to $389 million in the previous year.

Wow, the short interest is altitudinous and a strong warning that short sellers expect the share price to fall considerably. The short interest is 26%.

JCP Revenue Growth Chart JCP Revenue Growth data by YCharts

Alpha Natural Resources (ANR)

Who They Are:Alpha Natural Resources is a coal supplier founded in 2002 and based in Abingdon, Va. Alpha Natural Resources trades an average of 17 million shares per day with a marketcap of $1.5 billion.

52-Week Range: $5.84 to $42.71

Book Value: $33.64

Analysts forecast per share results below last year in the same quarter. The earnings release is planned before the market opens on Aug. 8. The consensus estimate is currently a loss of 30 cents a share, backsliding $1.26 from the profit of 96 cents per share during the matching period in the previous year.

Even with the expected loss, analysts approve the direction Alpha Natural Resources is traveling. Twelve of the 19 analysts covering the company give a buy recommendation. Six analysts rate it a hold and one recommends selling.

In the last month, the stock has really taken a turn for the worse. Shares have crumbled 18.4% in the last month of trading. It looks like the earnings report is mostly baked in.

The last date Alpha Natural Resources released earnings was May 3 and the closing price was $14.85. Based on a recent price of $7.02, shares are down 52.7%.

For the same fiscal period year-over-year, revenue has improved to $7.11 billion last fiscal year compared to $3.92 billion in the previous year. The bottom line has falling earnings year-over-year of $-677.39 million last fiscal year compared to $95.55 million in the previous year.

Short interest over 10% should give pause to investors looking at this company. The current float short is 10.4%.

I am currently short $7 August covered calls. ANR Revenue Growth Chart ANR Revenue Growth data by YCharts

GenOn Energy (GEN)

Who They Are:Genon is an electricity producer and trades an average of 29.1 million shares per day with a marketcap of $1.8 Billion.

52-Week Range: $1.28 to $3.95
Book Value: $6.59

GenOn is anticipated to report second-quarter earnings before the market opens on Aug. 9. The consensus estimate is currently calling for a loss of 11 cents per share, with no change from the same period last year.

Four out of eight analysts now rate GenOn a strong buy up from three analysts a month ago.

May 10 was the last earnings release with a closing price of $2.19. Relative to a current price of $2.38, shares are up 8.7%.

GEN Revenue Growth Chart GEN Revenue Growth data by YCharts

GenOn has improving revenue year-over-year of $3.61 billion last fiscal year compared to $2.27 billion in the previous year. The bottom line has losses year-over-year of $189 million last fiscal year compared to the much larger loss of $233 million in the previous year.

With short interest above 4%, investors will want to monitor the short ratio to know if short sellers turn up the warning signals. Otherwise, the current 4.3% of shares short is relatively small and not a major concern.

GEN Current Ratio Chart GEN Current Ratio data by YCharts

At the time of publication, the author was short $7 August covered calls in ANR.

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

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