Zacks Earnings Preview: Lowe's, Krispy Kreme, Campbell Soup, Best Buy and Dell

CHICAGO, May 21, 2012 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Lowe's Co. (NYSE:LOW), Krispy Kreme (NYSE:KKD), Campbell Soup (NYSE:CPB), Best Buy (NYSE:BBY) and Dell (Nasdaq:DELL).

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Earnings Season Quieting Down

It will be a relatively quiet week on the earnings front, as there are only a few reports left before we close the books on the first quarter earnings season. This turned out to be a positive reporting season, with the growth rate, surprises and percentage of beats coming ahead of pre-season expectations.

We will get reports from about 100 companies this week, including 17 companies in the S&P 500, which will take the complete tally of S&P 500 results to 495 by the end of the week.  

The economic calendar this week is on the light side as well, which means that headlines from Europe will likely continue to drive market activity on a day-to-day basis. We will get reports on New and Existing Home Sales, Durable Goods and the regular weekly Jobless Claims.

• There is nothing significant on the economic calendar today.
• The key earnings release is from Lowe's Co. (NYSE:LOW) in the morning. We will also have results from Krispy Kreme (NYSE:KKD) and Campbell Soup (NYSE:CPB) in the morning.

Tuesday - 5/22

• We will get the April Existing Home sales data after the markets open, with expectations for sales increasing to 4.6 million annualized pace from March's 4.48 million pace.  
• On the earnings front, Best Buy (NYSE:BBY) will report in the morning, while Dell (Nasdaq:DELL) will report after the markets close.

Sheraz Mian is the Director of Research for Zacks.com.

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Contact: Sheraz Mian
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