Earnings Expectations for the Week of June 18

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Package delivery giant FedEx
FDX
and enterprise software company Oracle
ORCL
step into the earnings spotlight this week. Analysts expect both of them to report earnings and revenue growth. Bed Bath & Beyond
BBBY
and ConAgra Foods
CAG
are also expected to post per-share earnings that are higher than a year ago. Others scheduled to share their results this week include Barnes & Noble
BKS
, CarMax
KMX
, Discover Financial Services
DFS
and Goodrich
GR
. Here is a quick look at what analysts are expecting from these reports.
FedEx
Analysts predict that this Memphis-based logistics services company will say Tuesday that its fiscal fourth-quarter earnings came to $1.94 per share. That would be up from $1.75 per share in the year-ago period. That consensus EPS estimate has risen by two cents in the past 60 days. Revenues for the quarter are forecast to be 5.5% higher than a year ago to $11.1 million. The full-year forecast calls for EPS up 24.3% year-over-year to $6.50 and revenues 9.2% higher to $42.9 billion.
Oracle
In its Thursday report, earnings from this multinational tech company are estimated to come to $0.78 per share for the fiscal fourth quarter. That would be an increase from last year's $0.75 a share. In the previous quarter, EPS exceeded the consensus estimate by more than 10%. Quarterly revenues are expected to total $10.9 billion, which would be marginally higher than a year ago. For the full year, $2.42 per share on $37.2 billion are predicted.
See also:Public Tech Companies Continue to Buy Social Media Start-UpsBed Bath & Beyond
First-quarter fiscal 2012 earnings for this domestics retailer are forecast to come to $0.84 per share, while revenues total $2.2 billion. In the same quarter of last year, the New Jersey-based company posted $0.72 per share and $2.1 billion. Note that analysts have underestimated the company's per-share earnings in each of the past ten quarters. And the share price has risen to an all-time high ahead of Wednesday afternoon's report.
ConAgra
This maker of Peter Pan, Orville Redenbacher's and Chef Boyardee is expected to say that its fourth-quarter fiscal 2012 earnings rose three cents per share from a year ago to $0.33, while full-year EPS grew the same amount to $1.78. Both estimates are unchanged over the past 60 days. And analysts anticipate revenues for the quarter will be up 5.4% from year ago to $3.4 billion. Full-year sales are forecast to have risen 7.1% to $13.2 billion. The company will share its results Thursday morning.
Discover Financial
On Tuesday, this company headquartered in the Chicago suburbs is expected to announce that its second-quarter earnings came to $0.99 per share on revenues of $1.8 billion. That compares to $1.09 per share and $1.7 billion in the same period of last year. Note, that consensus EPS estimate has risen from $0.93 just 60 days ago, and that analysts underestimated Discover's EPS in the past eight quarters.
See also:Citigroup Raises PT to $35 on Discover Financial Services Ahead of Q2Goodrich
The North Carolina-based aerospace company is expected to say Wednesday that for its second quarter of 2012 it had a profit of $1.71 per share. But that would be up from the $1.52 per share it reported in the same period a year ago. Note that Goodrich missed consensus EPS estimates in the previous quarter, ending a streak of seven consecutive quarterly beats. And analysts on average expect revenues to be 10.9% higher year-over-year to $8.9 billion.
CarMax
The consensus forecast for this Richmond, Va.-based retailer of used vehicles calls for a profit of $0.54 per share on revenues of $2.8 billion. That EPS estimate in unchanged over the past 60 days. A year ago, CarMax posted $0.55 per share earnings and sales of $2.7 billion. The company will share its fiscal first-quarter results Thursday before the markets open.
Barnes & Noble
Thursday, the largest bricks-and-mortar bookseller in the United States is expected to post a net loss of $0.93 for its fiscal fourth quarter. But analysts predict quarterly revenues will have risen 7.6% year-over-year to $1.5 billion. The full-year forecast calls for a net loss of $1.19 per share (the same as a year ago) and revenues 3.1% higher to $7.2 billion.
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See also:Three Companies That May Mourn the Loss of Ray Bradbury with Sweet ReturnsAnd Others
Adobe Systems
ADBE
, Darden Restaurants
DRI
, IHS
IHS
, Jabil Circuit
JBL
, John Wiley
JW
and Red Hat
RHT
are expected to report year-over-year earnings growth this week as well. Earnings reports to look for the following week include those from Apollo Group
APOL
, Family Dollar
FDO
, General Mills
GIS
, H&R Block
HRB
, Monsanto
MON
and Walgreen
WAG
.
See also:Kroger Surges After Strong Earnings, Announces Share Repurchase Program
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