H.J. Heinz and ANN Inc. Spark Interest Among Traders Ahead of Earnings

H.J. Heinz Company (NYSE:HNZ) will unveil its latest earnings on Friday, November 18, 2011. The average estimate of analysts is for net income of 80 cents 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 down from 84 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 80 cents during the last month. Analysts are projecting profit to rise by 8.1% versus last year to $3.33.

On average, analysts predict $2.91 billion in revenue this quarter, a rise of 11.5% from the year ago quarter. Analysts are forecasting total revenue of $11.8 billion for the year, a rise of 10.2% from last year’s revenue of $10.71 billion.

Competitors to Watch: Ralcorp Holdings, Inc. (NYSE:RAH), Smart Balance, Inc. (NASDAQ:SMBL), TreeHouse Foods Inc. (NYSE:THS), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Campbell Soup Company (NYSE:CPB), ConAgra Foods, Inc. (NYSE:CAG), Kraft Foods Inc. (NYSE:KFT), General Mills, Inc. (NYSE:GIS), Unilever plc (NYSE:UL), and Unilever N.V. (NYSE:UN).

ANN Inc. (NYSE:ANN) will unveil its latest earnings on Friday, November 18, 2011. The average estimate of analysts is for net income of 57 cents per share, a rise of 35.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 59 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 57 cents during the last month. Analysts are projecting profit to rise by 43.8% versus last year to $1.87.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 47 cents per share against a mean estimate of net income of 45 cents per share. On average, analysts predict $566.8 million in revenue this quarter, a rise of 12.2% from the year ago quarter. Analysts are forecasting total revenue of $2.23 billion for the year, a rise of 12.6% from last year’s revenue of $1.98 billion.

Competitors to Watch: New York & Company, Inc. (NYSE:NWY), Coldwater Creek Inc. (NASDAQ:CWTR), Christopher & Banks Corp. (NYSE:CBK), The Talbots, Inc. (NYSE:TLB), Charming Shoppes, Inc. (NASDAQ:CHRS), Chico’s FAS, Inc. (NYSE:CHS), Ascena Retail Group Inc (NASDAQ:ASNA), Limited Brands, Inc. (NYSE:LTD), bebe stores, inc. (NASDAQ:BEBE), and Body Central Acquisition Corp. (NASDAQ:BODY).