Earnings Expectations for the Week of May 28 (JOY, SAI, TIVO)
Mining equipment maker Joy Global (NYSE: JOY) and defense contractor SAIC (NYSE: SAI) are scheduled to step into the earnings spotlight this week, in what will be otherwise a pretty quiet week as far as quarterly reports go. Others on tap to share their results for the most recent quarter include Ascena Retail Group (NASDAQ: ASNA), Focus Media Holding (NASDAQ: FMCN), Lions Gate Entertainment (NYSE: LGF), Movado Group (NYSE: MOV), Sanderson Farms (NASDAQ: SAFM) and TiVo (NASDAQ: TIVO). Here is a quick look at what analysts are expecting from these reports.
In its Thursday report, earnings from this Milwaukee-based company are estimated to come to $1.95 per share for the fiscal second quarter. That would be an increase from last year's $1.52 a share. The consensus EPS estimate is unchanged over the past 60 days, but note that Joy Global fell short of analysts' expectations by a few pennies in the previous two quarters. Second-quarter revenues are expected to total $1.4 billion. That would be 34.9% higher than a year ago.
SAIC, shares of which are trading near a multiyear low, is expected to say that its fiscal first-quarter 2013 earnings fell 8.3% from a year ago to $0.33 per share. Note that analysts overestimated EPS in the previous three quarters -- SAIC posted a surprise net loss in the fourth quarter. And analysts anticipate revenues for the quarter will be about the same as a year ago, or $2.7 billion. The McLean, Va.-based company is scheduled to share its results Thursday afternoon.
Lions Gate Entertainment
On Wednesday, the company behind The Hunger Games and Mad Men is expected to announce that its first-quarter earnings came to $0.26 per share on revenues of $627.7 million. That compares to $0.33 per share and $376.9 million in the same period of last year. Note, that consensus EPS estimate has risen from $0.23 just 60 days ago.
DVR pioneer TiVo is expected to say Wednesday that for its fiscal first-quarter 2013 it had a net loss of $0.15 per share. But that would be narrower than the $0.27 per share loss it reported in the same period a year ago. And analysts on average expect revenues to be 41.3% higher year over year to $54.9 million. Revenue has climbed for three consecutive quarters.
See also: TiVo Is a "Junk Company"
First-quarter 2013 earnings for this Paramus, N.J.-based maker of fine watches are forecast to come to $0.25 per share, while revenues total $96.6 million, in Thursday morning's report. In the same quarter of last year, Movado posted $0.02 per share and $89.8 million. But analysts underestimated the company's per-share earnings in each of the past six quarters.
The consensus forecast for this Hong Kong-based digital media company, which has seen its share price slip for most of the past quarter, calls for a profit of $0.43 per share on revenues of $190.6 million. That would be an increase from $0.30 per share earnings and sales of $146.6 million in the first quarter of last year. The company will share its results Monday after the markets close.
This operator of the Dress Barn chain, the stock of which is trading more than 46% higher than six months ago, is expected to post fiscal third-quarter EPS that are three cents higher than a year ago to $0.36. But the consensus estimate was $0.40 just 60 days ago. And analysts predict revenues will have risen 8.8% year-over-year to $786.7 million. Ascena is scheduled to announce results on Thursday.
Analysts predict that Mississippi-based poultry producer Sanderson Farms will say Tuesday that its fiscal second-quarter earnings came to $0.95 per share, which compares to a net loss of $0.56 per share in the year-ago period. That consensus EPS estimate has risen by a dime in the past 60 days. Revenues are forecast to be 23.3% higher than a year ago to $591.3 million.
Earnings reports to look for the following week include those from Altera (NASDAQ: ALTR), Cooper Companies (NYSE: COO), Dollar General (NYSE: DG), JM Smucker (NYSE: SJM), Men's Wearhouse (NYSE: MW), Pall Corp. (NYSE: PLL) and Vail Resorts (NYSE: MTN).
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