Stormy U.S. weather has taken its toll on commuters and travelers this winter, and it could also hit some company earnings for the final quarter.
Unexpected steep claims from storms in the fourth quarter could mean insurer Allstate Corp
It caused a lot of analysts to move their estimates lower on Allstate, said Sri Raman, senior quantitative research analyst at Thomson Reuters.
As a result, Allstate's earnings estimate from StarMine, which weights forecasts according to analyst accuracy, is 18 percent below that of the consensus estimate, calculated by Thomson Reuters.
Standard & Poor's 500 <.SPX> earnings are expected to rise 32 percent compared with a year earlier, and analysts expect that overall the majority of companies will beat estimates.
In a similar situation to Allstate's, media company Cinemark Holdings Inc
The blizzard kept many people home for two days just after the Christmas holiday and caused traveling delays for several days.
StarMine's Cinemark estimate is 15.3 percent below the consensus.
On the flip side, Deckers Outdoor Corp
Deckers' StarMine estimate is 1.4 percent above the consensus estimate.
Improved consumer demand may have also helped earnings for credit card company American Express
The number of bad debts is down, and the consumer is strong in spending, Raman said.
Carmax, too, should have a positive surprise when it comes to earnings.
The StarMine estimate is 2.8 percent above consensus.
Among airlines, Delta Air Line
(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)