Zacks Earnings Preview: The Allstate Corporation, AMR, Celadon Group, Reliant Steel & Aluminum and Sandisk.CHICAGO -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes The Allstate Corporation (NYSE NYSE See: New York Stock Exchange : ALL), AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. (NYSE: AMR), Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Group (Nasdaq: CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ), Reliant Steel & Aluminum (NYSE: RS) and Sandisk (Nasdaq: SNDK). To see more earnings analysis, visit http://at.zacks.com/?id=3207. Earnings Preview written by Charles Rotblut, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , Senior Market Analyst for Zacks.com. Earnings season is off to a positive start with 90 companies issuing positive surprises and only 30 companies issuing negative surprises, a 3:1 ratio(a). Estimate revisions in response to earnings reports have been flat, on average, for both 2006 and 2007 full-year profits(b). Recent changes to analyst forecasts suggest that these companies could surprise when they report this week. The Allstate Corporation (NYSE: ALL) could be one of many property and casualty companies to provide bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish third quarter reports. The comparably calm hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation. For a lists of past seasons, see:
The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside by an average margin of 25.7%. Allstate will report on Thursday, Oct 19, before the bell. Truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. Celadon Group (Nasdaq: CLDN) preannounced fiscal first-quarter earnings earlier this week. The company anticipates profits to total between 28 and 30 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. versus the previous consensus estimate of 27 cents per share. Two analysts raised their forecasts in response, with the higher revision calling for profits of 29 cents per share. (The current consensus estimate calls for fiscal first-quarter profits of 28 cents per share.) CLDN has topped expectations for three consecutive quarters. Celadon Group will report on Friday, Oct 20, before the bell. A few weeks ago, Reliant Steel & Aluminum (NYSE: RS) upped its third-quarter earnings guidance to between $1.35 and $1.40 per share, from between $1.15 and $1.20 per share. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David Hannah David Hannah (born August 4, 1973 in Coatbridge) is a Scottish footballer who currently plays in central midfield for Icelandic side Fylkir. Hannah made his name playing for Dundee United, where he has spent around half his career in two spells. said the reasons for the increase were the impact of a recent acquisition and "stronger than expected business conditions". Four of the five covering analysts adjusted their forecasts, as a result, causing the consensus estimate to reach $1.39 per share. Notably, analysts have also upwardly revised their projections for both 2006 and 2007 full-year earnings. RS has easily surpassed expectations during each of the four previous quarters. Reliant Steel will report on Thursday, Oct 19, before the bell. Sandisk (Nasdaq: SNDK) has topped expectations three times during the past four quarters. One of the covering analysts believes another positive surprise could be forthcoming. Earlier this week, the analyst raised his forecast from 43 cents per share to 54 cents per share. By means of comparison, the consensus estimate had been at 45 cents per share; it is now at 48 cents per share. Sandisk will report on Thursday, Oct 19, after market close. AMR (NYSE: AMR) makes this week's report as a company that could miss expectations. American Airlines' load factor, a key indicator for the airline industry, decreased by 0.7 basis points to 75.5% in September from the same period a year ago. Analysts had been lowering their expectations for third-quarter results prior to the release of the September numbers, but cut their projections even more this week. The current consensus estimate of 52 cents per share is 12 cents below the forecast of a week ago and 27 cents below the forecast of a month ago. AMR last missed expectations during the third quarter of 2005. AMR will report on Wednesday, Oct 18, with a conference call scheduled for 2pm ET. Want to turn earnings surprises into quick profits? Learn how by visiting http://at.zacks.com/?id=3206. (a) Stocks within the Zacks Rank universe that have reported earnings. The Zacks Rank is assigned to companies with earnings estimates made available by brokerage analysts. The Zacks' database contains earnings estimates for approximately 4400 companies. (b)Changes made to full-year forecasts within the last four weeks. The average is calculated based on 90% of the companies that have reported to prevent the skewing effect of outliers. The worse 5% of revisions and the best 5% of revisions have been excluded. About the Zacks Rank Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.4%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 145.9% annually (+4.7% vs. +11.6%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively. Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; this free newsletter today by visiting http://at.zacks.com/?id=107. 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