BANK OF AMERICA: These 7 Stocks Should Miss Expectations This Earnings Season (JWN, SPLS, TAP, FTI, PCL, XRAY, COL)

dart board target miss

Earnings season unofficially kicked off last night as aluminum giant Alcoa announced quarterly results that beat expectations.

The stats clearly show that companies usually beat Wall Street's earnings estimates.

But some companies will miss expectations.

Bank of America's equity strategy team led by Savita Subramanian identified seven stocks that they expected to disappoint investors and miss earnings expectations.

These are all underperform-rated stocks with a track record of missing earnings and revenue expectations.

Nordstrom Inc.

Ticker: JWN

Consensus EPS & Sales: $0.73 per share on revenue of $2.9 billion 

Sector: Consumer Discretionary

Source: Bank of America Merrill Lynch

Staples Inc.

Ticker: SPLS

Consensus EPS & Sales: $0.23 per share on revenue of $5.7 billion 

Sector: Consumer Discretionary

Source: Bank of America Merrill Lynch

Molson Coors Brewing Company

Ticker: TAP

Consensus EPS & Sales: $1.20 per share on revenue of 935.5 million 

Sector: Consumer Staples

Source: Bank of America Merrill Lynch

See the rest of the story at Business Insider

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