8-21-13 5:35 AM EDT | Email Article
 

By Sue Chang, MarketWatch

 

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are Hewlett-Packard Co., Target Corp. and Staples Inc.

 

Retailer Target (TGT) is expected to report second-quarter earnings of 96 cents a share, according to FactSet. The stock was cut to neutral from positive at Susquehanna on Tuesday.

 

Staples (SPLS) is likely to post second-quarter earnings of 18 cents a share.

 

"We think there is enough wiggle room for the company to deliver at least in-line results for the quarter given easier [year-on-year] comparisons than in [the first quarter], but we are increasingly concerned that the company's expectation for [second-half] growth may be optimistic given still sluggish tech sales, sustained international weakness, and a slow start (plus cautious outlook) for back-to-school," said analysts at B. Riley in a report issued Monday.

 

Lowe's Cos. (LOW) is forecast to post second-quarter earnings of 79 cents a share.

 

PetSmart Inc. (PETM) is likely to report second-quarter earnings of 86 cents a share. "Our READ data suggests favorable underlying pet ownership and strength at PETM," said analysts at Stifel Nicolaus in a recent note.

 

Toll Brothers Inc. (TOL) is projected to report third-quarter earnings of 26 cents a share.

 

Madison Square Garden Co. (MSGNV) is expected to post earnings of 33 cents a share in the fourth quarter.

 

J. M. Smucker Co. (SJM) is forecast to report earnings of $1.21 a share in the first quarter.

 

After market close

 

After the market close on Wednesday, Hewlett-Packard (HPQ) is projected to report third-quarter earnings of 86 cents a share, according to a consensus survey by FactSet.

 

"We expect in line revenue and EPS upside for [the third quarter] with FY13 EPS guidance moving toward the high end of the $3.50-$3.60 range," said Brian Alexander at Raymond James in a recent report.

 

Alexander said Hewlett-Packard has made progress in some important areas but revenue growth is still likely to face headwinds in fiscal 2014.

 

L Brands Inc. (LTD) is likely to report second-quarter earnings of 60 cents a share.

-Sue Chang; 415-439-6400; AskNewswires@dowjones.com

 

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(END) Dow Jones Newswires

08-21-13 0535ET

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Morningstar - 2013/8/21 - H-P, Target, Staples are stocks to watch Wednesday
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