Loading...
Loading...
Last week, big-box retailers Walmart
WMT and Home Depot
HD said their earnings and sales rose in the most recent quarter, and they both boosted their full-year earnings per share (EPS) guidance. More earnings reports are due from retailers this week, highlighted by second-quarter results from Best Buy
BBY.
Also, results from PC makers Dell
DELL and Hewlett-Packard
HPQ will highlight earnings from the tech sector this week. Analysts anticipate lower EPS and revenue from both of them.
Retail Earnings
Second-quarter fiscal 2013 earnings from consumer electronics retailer
Best Buy are forecast to come to $0.31 per share, while revenues totaled $10.6 billion. That is down from the same quarter of last year when the company posted $0.47 per share and $ $11.35 billion in sales. Analysts underestimated the company's EPS in the previous two quarters -- they beat expectations by 22 percent in the first quarter. Best Buy, shares of which are down about 20 percent in the past six months, reports quarterly results Tuesday before the markets open.
Analysts also expect year-over-year earnings and revenue growth from American Eagle Outfitters
AEO, Chico's FAS
CHS, Fred's
FRED, rue21
RUE, Signet Jewelers
SIG and Williams-Sonoma
WSM when they report this week. EPS from Express
EXPR are expected to be about the same as a year ago.
But Big Lots
BIG, DSW
DSW, Guess?
GES and Urban Outfitters
URBN are expected to report a decline in earnings. A net loss is anticipated from Barnes & Noble
BKS, Tuesday Morning
TUES and Pacific Sunwear of California (PSUN).
Tech Earnings
The world's third-largest PC vendor is expected to say Tuesday that for the second quarter of fiscal 2013 it had earnings of $0.45 per share. That would be down from the $0.50 per share that
DellLoading...
Loading...
reported in the same period a year ago. In the previous two quarters, Dell fell short of consensus EPS estimates by a penny or three per share. Analysts on average expect second-quarter revenues to total $14.6 billion, or 6.3 percent lower than in the year-ago quarter. Revenue decreased in the first quarter, following a rise in the first quarter.
Hewlett-Packard, Dell's larger competitor, is expected to report that its fiscal third quarter profit fell 10.9 percent year-over-year to $0.98 per share. That EPS estimate inched up a penny per share in the past 30 days. Analysts have underestimated HP's EPS in the past seven quarters. The Palo Alto, California-based company, like Dell, has faced dwindling PC sales, and analysts on average expect revenue for the quarter to total $30.1 billion. That would be a year-over-year decrease of 3.5 percent. The company is scheduled to share its quarterly results late Wednesday.
Year-over-year earnings and revenue growth are anticipated from Autodesk
ADSK, Intuit
INTU, Salesforce.com
CRM and Synopsys
SNPS. But the consensus forecasts for Analog Devices
ADI and Semtech
SMTC call for a decline in per-share earnings. Trina Solar
TSL is expected to post a net loss.
Others
In its Thursday report,
Hormel FoodsHRL, primarily a producer of meat products, is expected offer up earnings of $0.41 per share for its fiscal third quarter. That would be an increase from $0.36 a share in the same period of last year. That consensus EPS estimate is unchanged in the past 60 days. Hormel has not fallen short of consensus EPS estimates in more than ten quarters. Analysts expect third-quarter revenues to total $2.0 billion, which would be 5.1 percent higher than a year ago.
Madison Square Garden
MSG, Medtronic
MDT and Patterson Companies
PDCO are projected to report earnings growth when they step into the earnings spotlight this week. EPS from Krispy Kreme Doughnuts
KKD is expected to be about the same as a year ago. However, Lancaster Colony
LANC is expected to say that its earnings in the most recent quarter were lower than a year ago.
Also look for reports the following week from H.J. Heinz
HNZ, Tiffany
TIF and others.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Posted In: EarningsLong IdeasShort IdeasPreviewsTrading IdeasAmerican Eagle Outfittersanalog devicesautodeskBarnes & Noblebest buybig lotsChico's FASDELLDSWExpressFred'sGuess?heinzhewlett-packardhome depotHormelhormel foodsHPintuitKrispy KremeKrispy Kreme DoughnutsLancaster ColonyLowe'sLowe's CompaniesMadison Square GardenMedtronicPacific Sunwear of Californiapatterson companiesrue21Salesforce.comsemtechSignet JewelersSynopsysTiffanyTrina SolarTuesday MorningUrban OutfittersWal-MartWalmartWilliams-Sonoma
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in