2 Stocks Generating More Trading Attention Before Earnings

Harris Corp (NYSE:HRS) will unveil its latest earnings on Tuesday, January 31, 2012. The average estimate of analysts is for profit of $1.18 per share, a rise of 2.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.17. Between one and three months ago, the average estimate moved up. It has dropped from $1.19 during the last month.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of $1.06 per share against a mean estimate of profit of $1.05 per share. Analysts are projecting a rise of 4.9% in revenue from the year-earlier quarter to $1.51 billion.

Competitors to Watch: ViaSat, Inc. (NASDAQ:VSAT), EMS Technologies, Inc. (NASDAQ:ELMG), Motorola Solutions Inc (NYSE:MSI), Comtech Telecomm. Corp. (NASDAQ:CMTL), ITT Corporation (NYSE:ITT), Globecomm Systems, Inc. (NASDAQ:GCOM), SeaChange International (NASDAQ:SEAC), Avid Technology, Inc. (NASDAQ:AVID), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), and Technicolor S.A. (NYSE:TCH).

Rent-A-Center, Inc. (NASDAQ:RCII) will unveil its latest earnings on Monday, January 30, 2012. The average estimate of analysts is for profit of 82 cents per share, a rise of 15.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 81 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 82 cents during the last month. Analysts are projecting profit to rise by 2.5% versus last year to $2.89.

The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported net income of 60 cents per share versus a mean estimate of profit of 58 cents per share. In the second quarter, the company missed estimates by 4 cents. Analysts are projecting a rise of 9.5% in revenue from the year-earlier quarter to $741.1 million.

Competitors to Watch: Aaron’s, Inc. (NYSE:AAN), McGrath RentCorp (NASDAQ:MGRC), Best Buy Co., Inc. (NYSE:BBY), GameStop Corp. (NYSE:GME), RadioShack Corporation (NYSE:RSH), CONN’S, Inc. (NASDAQ:CONN), hhgregg, Inc. (NYSE:HGG), and Electro Rent Corporation (NASDAQ:ELRC).