What to Expect When These 5 Companies Report on Wednesday

Results out of these 5 are sure to spur some market participants into action.

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The Motley Fool

Though we’ve firmly entered the summer doldrums when it comes to interesting news, Wednesday (tomorrow) is slated to be relatively hectic.  Some of Canada’s biggest companies are reporting their second quarter results and we could see some big moves from a few of these stocks.

Tabled below are where expectations for revenues and earnings currently sit for these 5 names.

Revenues

Company

Q2’13 Revs (E)

Q1’13 Revs

Q2’12 Revs

Cenovus Energy (TSX:CVE)

$4,457

$4,319

$4,214

Encana (TSX:ECA)

1,458

1,059

731

Loblaw (TSX:L)

7,549

7,202

7,375

Rogers (TSX:RCI.B)

3,203

3,027

3,106

Agnico-Eagle (TSX:AEM)

343

423

437

Source:  Capital IQ

EPS

Company

Q2’13 EPS (E)

Q1’13 EPS

Q2’12 EPS

Cenovus Energy (TSX:CVE)

$0.45

$0.23

$0.52

Encana (TSX:ECA)

$0.18

-$0.59

-$2.01

Loblaw (TSX:L)

$0.59

$0.60

$0.56

Rogers (TSX:RCI.B)

$0.96

$0.68

$0.75

Agnico-Eagle (TSX:AEM)

$0.09

$0.14

$0.25

Source:  Capital IQ

Stocks to watch

The two stocks with the most potential to make a dramatic move after tomorrow’s report, in my mind, are Encana and Agnico-Eagle.  Encana’s stock hasn’t really been impacted by the rebound in natural gas that’s occurred – almost as though the market is waiting for an adverse development or two to appear.  Perhaps even a dividend cut.  If Encana reports a relatively clean quarter, its shares could jump.

And Agnico-Eagle is going to give us a taste of what’s to come for its gold mining peers.  The plight of the gold miners has been well-documented, but like Encana, if Agnico can somehow demonstrate that it’s really not all that bad out there in gold land, its shares, as well as the rest of the group, could surge.

Foolish Takeaway

In the grand scheme of things, a single quarter rarely means all that much.  However, the market tends to react to quarterly surprises and if you know what to look for, and are prepared ahead of time, you could be provided with a great opportunity to transact.  Given the stature of all 5 of these names, you can bet that if reported results are materially different from what’s expected, you’ll hear about it.

For serious long-term gains, cutting out the quarterly noise and parking your hard earned savings in the world’s greatest businesses is a proven formula.  In our special FREE report “3 U.S. Stocks That Every Canadian Should Own” we profile 3 such businesses.  To download this report at no charge, simply click here now.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.

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Fool contributor Iain Butler owns shares of Cenovus Energy.  The Motley Fool doesn’t own shares in any of the companies mentioned.   

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

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