Zacks.com Announces That the Following Companies Will Release Earnings This Week: Dollar Tree Stores, PETCO Animal Supplies, Chico's FAS, Credence Systems and Joy Global

Business Wire, May 23, 2006

CHICAGO -- Zacks.com releases its exclusive Earnings Trends update written by Charles Rotblut, Senior Market Analyst for Zacks.com. In addition, the following companies will report earnings this week: Dollar Tree Stores, Inc. (NASDAQ:DLTR), PETCO Animal Supplies, Inc. (NASDAQ:PETC), Chico's FAS, Inc. (NYSE:CHS), Credence Systems Corporation (NASDAQ:CMOS) and Joy Global, Inc. (NASDAQ:JOYG). To see this week's full report then visit: http://at.zacks.com/?id=105

This vital update provides investors with timely information regarding companies that will be reporting their earnings in the coming week, how companies' earnings faired the week prior, exclusive sector rankings, and earnings commentary. Below you will find a synopsis of this week's earnings commentary including estimates and the Zacks Rank for the previously mentioned companies.

Companies Making an Announcement This Week:

Ticker   Company Name   Date    EPS Estimate   ZacksRank
------   ------------   ----    ------------   ---------
DLTR     Dollar Tree    05/24       .30            3
PETC     PETCO          05/24       .18            2
CHS      Chico's FAS    05/25       .28            3
CMOS     Credence Sys   05/25       .04            3
JOYG     Joy Global     05/25       .54            2

To see the complete Weekly Earnings and Sector Update with the entire list of companies reporting this week and sector rankings, click http://at.zacks.com/?id=106

Synopsis of Weekly Earnings and Sector Update by Charles Rotblut

Since the Federal Open Market committee left the door wide open for a rate hike in June, the financial markets have been volatile. The Dow has dropped by approximately 500 points, metal prices have plunged and the spreads on bond yields have widened.

The latter is important because treasuries are uninverting, to coin a word. Yields on the short-term maturities, especially the interest rate sensitive two-year note, were approximately 10 basis points below those of the benchmark 10-year note. This suggests bond traders are now pricing in economic expansion, not a recession.

Bond yields are not the only reason to remain bullish about equities despite the recent turbulence. Full-year earnings estimates are essentially unchanged. During the past seven days, estimates were raised on 81 S&P 500 member companies and lowered on 82 companies. The average revision was a fractional -0.03%. Including Dynegy (DYN) and General Motors (GM) - two companies with large percentage revisions - improves the average revision to 0.8%.

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For over 17 years, 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 33%. 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 129.7% annually ( 5.2% vs. 11.9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. That's why we created the free special report, "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions." Download your free copy now to prosper in the years to come by going to http://at.zacks.com/?id=107

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