Earnings Expectations for the Week of July 18

Earnings season ramps up this week with quarterly reports due from the likes of tech companies such as IBM IBM and Microsoft MSFT, big banks such as Wells Fargo WFC and Bank of America BAC, and consumer goods giants such as PepsiCo PEP and Johnson & Johnson JNJ. By and large, expectations are high: analyst forecasts for earnings growth easily outnumber those for earnings declines or net losses. Here's a day-by-day rundown of the most anticipated quarterly reports of the week. Monday Halliburton HAL, Hasbro HAS, IBM IBM and Stanley Black & Decker SWK are expected to get the week started off right by posting double-digit EPS growth for the second quarter. But Wynn Resorts WYNN may be the big winner of the day: earnings are expected to have nearly doubled from a year ago to $0.99 per share, with revenues up 22.2% to $1.3 billion. Also on Monday, analysts anticipate that USA Today publisher Gannett GCI will report smaller earnings, while Zions Bancorp ZION will show a loss for the quarter. Tuesday Tuesday will be a big earnings day, with quarterly reports due from the likes of Apple AAPL, Coca-Cola KO, Goldman Sachs GS, Harley-Davidson HOG, Johnson & Johnson JNJ, Wells Fargo WFC and Yahoo! YHOO, all of which are expected to report higher earnings in the most recent quarter. The day's biggest anticipated earnings winners are:

• Goldman Sachs: EPS up 65.5% to $2.27 (but declining revenues)
• Apple: EPS up 39.5% to $5.80, and revenues 58.7% higher
• Peabody Energy (BTU): EPS up 33.6% to $1.04, and revenues up 21.3%

Also look for strong earnings growth from Chipotle Mexican Grill CMG, CSX CSX, Omnicom OMC and W.W. Grainger GWW, but declining earnings from UnitedHealth Group UNH. Bank of America BAC, which hit a 52-week low on Friday, is expected to post a net loss for the second quarter. Wednesday Intel INTC is on tap Wednesday, but per-share earnings are expected to be the same as a year ago: $0.51. But its revenues are forecast to be 19.1% higher year over year. Anticipated double-digit earnings gainers for Hump Day include:

• Qualcomm QCOM: EPS up 19.7% to $0.71
• Blackrock BLK: EPS up 18.3% to $2.90
• United Technologies UTX: EPS up 14.9% to $1.41
• American Express AXP: EPS up 14.3% to $0.98
• CA CA: EPS up 11.7% to $0.51

Also look for earnings growth from Altria MO, Cheesecake Factory CAKE, E*Trade ETFC, eBay EBAY, Quest Diagnostics DGX, St. Jude Medical STJ and US Bancorp USB. Analysts expect to see smaller earnings from Johnson Controls JCI, Noble Corp. NE and Northern Trust NTRS though. Another net loss is expected from AMR AMR, the parent company of American Airlines. Thursday The quarterly reports continue to roll out fast and furious on Thursday, highlighted by the following:

• Philip Morris International PM: EPS up 18.0% to $1.22
• Microsoft MSFT: EPS up 12.1% to $0.58
• PepsiCo PEP: EPS up 9.1% to $1.21
• AT&T T: EPS down 3.3% to $0.59
• Morgan Stanley MS: a per-share loss of $0.62

Insurance giant Travelers TRV is also expected to post a net loss. But the day's biggest earnings winners may be Freeport McMoRan Copper and Gold FCX (due to demand from China) and steelmaker Nucor NUE (a rumored takeover target). The consensus estimate for Freeport McMoRan calls for $1.37 per share, which is 45.3% higher than a year ago, as well as revenues of $5.8 billion. For Nucor, its $0.81 per share (up 64.2%) on revenues of $5.2 billion. Others expected to post earnings growth on Thursday include BB&T BBT, Danaher DHR, Goodrich GR, Medco Health Solutions MHS, Safeway SWY, Sherwin-Williams SHW, Union Pacific UNP and Whirlpool WHR. Eli Lilly LLY, Sandisk SNDK and United Continental Holdings UAL are also expected to report smaller earnings, as compared to the same period of last year. Friday Caterpillar CAT and McDonald's MCD will highlight Friday reports. Here's what analysts predict:

• Caterpillar: EPS up 39.1% to $1.79 and revenues 29.9% higher to $13.5 billion
• McDonald's: EPS up 11.7% to $1.28 and revenues 11.6% higher to $6.6 billion

Look for earnings growth from Honeywell International HON and Schlumberger SLB as well. Per-share earnings from Verizon Communications VZ are predicted to be marginally lower than a year ago.