Investors Analyze These 3 Stocks Before Earnings This Week

CVS Caremark Corp (NYSE:CVS) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for net income of 89 cents per share, a rise of 11.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.80 per share, a rise of 4.1% from last year.

Last quarter, the company beat estimates by 3 cents, coming in at net income of 70 cents a share versus the estimate of profit of 67 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 13.4% in revenue from the year-earlier quarter to $28.09 billion.

Competitors to Watch: Walgreen Company (NYSE:WAG), Rite Aid Corporation (NYSE:RAD), PharMerica Corporation (NYSE:PMC), Medco Health Solutions Inc. (NYSE:MHS), drugstore.com, inc. (NASDAQ:DSCM), PetMed Express, Inc. (NASDAQ:PETS), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Graymark Healthcare Inc (NASDAQ:GRMH), BioScrip Inc. (NASDAQ:BIOS).

Reynolds American, Inc. (NYSE:RAI) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for profit of 69 cents per share, a rise of 15% 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 67 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 69 cents during the last month. For the year, analysts are projecting net income of $2.78 per share, a rise of 11.6% from last year.

The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 70 cents per share against an estimate of net income of 73 cents per share. The quarter before that, it missed forecasts by 3 cents. On average, analysts predict $2.12 billion in revenue this quarter, a rise of 1.9% from the year ago quarter. Analysts are forecasting total revenue of $8.58 billion for the year, a rise of 0.4% from last year’s revenue of $8.55 billion.

Competitors to Watch: Altria Group, Inc. (NYSE:MO), Lorillard Inc. (NYSE:LO), Philip Morris Intl. Inc. (NYSE:PM), British American Tobacco (AMEX:BTI), Vector Group Ltd. (NYSE:VGR), Star Scientific, Inc. (NASDAQ:CIGX) and Universal Corporation (NYSE:UVV).

Whole Foods Market, Inc. (NASDAQ:WFM) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for profit of 60 cents per share, a rise of 17.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 17.1% versus last year to $2.26.

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 42 cents per share against a mean estimate of profit of 41 cents per share. On average, analysts predict $3.38 billion in revenue this quarter, a rise of 12.7% from the year ago quarter. Analysts are forecasting total revenue of $11.59 billion for the year, a rise of 14.6% from last year’s revenue of $10.11 billion.

Competitors to Watch: Safeway Inc. (NYSE:SWY), The Kroger Co. (NYSE:KR), SUPERVALU INC. (NYSE:SVU), The Fresh Market Inc (NASDAQ:TFM), Winn-Dixie Stores, Inc. (NASDAQ:WINN), Ingles Markets, Inc. (NASDAQ:IMKTA), Weis Markets, Inc. (NYSE:WMK), Ruddick Corporation (NYSE:RDK), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Arden Group, Inc. (NASDAQ:ARDNA).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com