Earnings Expectations for the Week of June 4 (BF-B, PLL, SJM)

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This week's most prominent quarterly reports include those from S&P 500 components JM Smucker
SJM
, Pall Corp.
PLL
and Brown-Forman (NYSE:
BF-B
). Analysts expect the Ohio-based maker of jelly, coffee, flour and other food products to report fiscal fourth-quarter earnings of $0.99 per share, which is about the same as a year ago. The forecast for industrial goods maker Pall has third-quarter EPS 10% higher year-over-year, while Louisville- based Brown-Forman, maker of Jack Daniels and other alcoholic beverages, is expected to post fourth-quarter EPS of $0.76. That would be 32.7% lower than a year ago. Full-year EPS for Smucker and Brown-Forman are predicted to be lower than for the previous year as well. But revenues for all three are expected to be higher than a year ago. Note that all three companies have missed consensus EPS estimates in at least one of the previous three quarters. Here is what analysts are looking for from some of the week's other quarterly reports.
AnalogicALOG
, which crushed EPS estimates in the previous quarter, is expected to say that its fiscal third-quarter earnings rose 43.5% from a year ago to $0.62 per share. That consensus estimate is unchanged from 60 days ago. And analysts anticipate revenues for the quarter, during which the company announced funding for airport security devices from the TSA, will be up 9.2% to $127.9 million. The medical and security equipment maker is scheduled to share its results Wednesday afternoon. In its Thursday report, earnings from Pleasanton, Calif.-based
Cooper CompaniesCOO
are estimated to come to $1.20 per share for the second quarter. That would be a 15.0% increase from a year ago. Note that analysts have underestimated EPS for the past six quarters. And revenues are expected to total $349.9 million, which would be 7.6% higher than a year ago. Cooper shares have pulled back about 7% from a recent multiyear high. The consensus forecast for discount retailer
Dollar GeneralDG
, shares of which hit a multiyear high last week, calls for a profit of $0.60 per share on revenues of $3.8 billion. That would be an increase from $0.48 per share earnings and sales of $3.5 billion in the first quarter of last year. Dollar General has fallen short of EPS estimates in only one of the past eight quarters. The Tennessee-based company will report its results Monday after the markets close. First-quarter fiscal 2013 earnings for
Mitcham IndustriesMIND
are expected to come to $0.83 per share, while revenues total $38.2 million, in Tuesday's report. In the same quarter of last year, the seismic equipment company posted $0.58 per share and $26.5 million. And note that the consensus EPS estimate has risen by a nickel over the past 60 days. Mitcham posted record fourth-quarter and full-year 2012 results.
Ulta Salon, Cosmetics and FragranceULTA
is expected to say Tuesday afternoon that for its first-quarter 2012 it had a profit of $0.53 per share. That would be 30.2% higher than in the same period a year ago and is in line with preliminary results. And analysts on average expect revenues to be 22.8% higher year over year to $473.9 million. Revenue has climbed for three consecutive quarters. Tuesday morning, the Providence, R.I.-based organic food distributor
United Natural Foods
UNFI
is expected to announce that its fiscal third-quarter earnings came to $0.56 per share on revenues of $1.3 billion. That would be up from $0.48 per share and $1.2 billion in the same period of last year. United Natural has not fallen short of EPS estimates in the past eight quarters. So far, analysts expect double-digit percentage growth of both EPS and sales for the full year. Analysts also expect to see year-over-year earnings growth from Bob Evans Farms
BOBE
, Men's Wearhouse
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MW
and Piedmont Natural Gas
PNY
this week. Per-share earnings from semiconductor maker Altera
ALTR
, container maker Greif
GEF
, truck maker Navistar International
NAV
, apparel maker Oxford Industries
OXM
and Vail Resorts
MTN
are expected to be lower than a year ago. And freight-shipper Rand Logistics
RLOG
, homebuilder Hovnanian Enterprises
HOV
and Shanghai-based JA Solar Holdings
JASO
are expected to report net losses.
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Actual EPS
EPS Surprise
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Posted In: EarningsLong IdeasNewsShort IdeasPreviewsPre-Market OutlookTrading IdeasalteraAnalogicanalyst forecastsBob Evans FarmsBrown-FormanCooper Companiesdollar generalearnings expectationsearnings previewsGreifhovnanian enterprisesJA Solar Holdingsjm smuckerMen's WearhouseMitcham Industriesnavistaroxford industriesPall Corp.Piedmont Natural GasRand Logisticsulta salonUnited Natural Foodsvail resorts
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