Earnings Watch: Stocks Under $5

BOSTON (TheStreet) -- Alcoa AA, the largest U.S. producer of aluminum, kicks off the quarterly earnings-reporting season a week from Thursday. Traders in stocks under $5 also have their plates full next week with releases. Already this week, Zale ZLC reported a smaller-than-expected loss of 89 cents a share in its fiscal fourth quarter, although the stock fell more than 5% after the release. Other stocks trading at less than $5 will likely see similar volatile reactions based on earnings results. TheStreet narrowed the list of companies investors should be watching to 10, ranked by market value, based on Bloomberg's earnings-release schedule. The list includes stocks currently trading on the New York Stock Exchange, Nasdaq and the or NYSE Amex. 10. IsoRay ISR Company Profile: IsoRay was founded in 1998 to develop isotopes for use in the medical treatment of malignant diseases. The company provides treatment for all solid tumor applications using Cesium-131. Earnings Reporting Date: Oct. 7 (unconfirmed) Share Price: $1.13 (Sept. 27 close) Total Return 2010: 27% Analyst Ratings: The two research firms with coverage of IsoRay are split between a "buy" and a "hold" rating. The mean of the two estimates for the fiscal fourth quarter calls for a loss of 4 cents a share on revenue of $1.31 million, according to Thomson Reuters. Income Statement: In the fiscal third quarter ended March 31, IsoRay posted an operating loss of $1.09 million and revenue of $1.2 million. During the quarter, IsoRay said it focused its resources on improving sales while retaining the necessary administrative infrastructure to increase the level of demand for the company's product. 9. Emmis Communications EMMS Company Profile: Emmis Communications is a radio broadcaster and magazine publisher. The company's radio stations serve the largest markets in the U.S., including WRKS-FM (98.7 KISS FM), WQHT-FM (HOT 97) and WRXP-FM (101.9 RXP) in New York City. Earlier this month, a buyout bid from Chairman and CEO Jeffrey Smulyan was terminated. Earnings Reporting Date: Oct. 4 (confirmed) Share Price: 84 cents (Sept. 27 close) Total Return YTD: -28% Analyst Ratings: No firm has coverage of Emmis Communications. Income Statement: For the three months ended May 31, Emmis posted revenue of $60.3 million and a net loss of 10 cents a share. That was from a year-earlier profit of 32 cents a share. 8. China Advanced Construction Materials CADC Company Profile: Founded in 2002 and based in Beijing, China ACM makes construction materials for large-scale commercial, residential and infrastructure developments. The company has an emphasis on the extensive use of recycled waste materials, the efficient production of concrete materials with minimal energy usage, dust and air pollution, and innovative products. Earnings Reporting Date: Oct. 8 (unconfirmed) Share Price: $3.03 (Sept. 27 close) Total Return 2010: -39% Analyst Ratings: The sole analyst covering China ACM has a "buy" rating on the stock. That analyst has an earnings-per-share target of 28 cents a share in the quarter and a revenue target of $27.1 million. Income Statement: In August, China ACM preannounced fourth-quarter results, saying it expects revenue in the range of $30 million to $31 million and adjusted earnings of 28 cents to 30 cents a share. For the fiscal third quarter ended March 31, China ACM posted adjusted earnings of 20 cents a share, compared with a year-earlier profit of 16 cents a share. To read the rest, head over to TheStreet.com