Market Overview

Earnings Expectations for the Week of November 12

While the consensus forecasts call for year-over-year earnings growth from the likes of Cisco Systems (NASDAQ: CSCO), J.M. Smucker (NYSE: SJM) and Viacom (NASDAQ: VIAB) -- as well as lower per-share earnings from Dell (NASDAQ: DELL) -- when they share their most recent quarterly results this week, the focus will again be on reports from big retailers. Here is a peak at what analysts expect to see from the following retailers for the period leading up to the holiday shopping season:

Walmart (NYSE: WMT). The consensus forecast calls the world's largest retailer to post fiscal third-quarter earnings of $1.07 per share, which would be up from $0.97 EPS in the year-ago period. That consensus estimate is unchanged in the past 60 days. And analysts see revenue rising more than four percent year-over-year to $115.04 billion. Look for Walmart's report Thursday before the opening bell.

Home Depot (NYSE: HD). Analysts on average anticipate largest home improvement retailer in the United States will say Tuesday morning that it saw a profit of $0.70 per share in the third quarter, compared with $0.60 per share a year ago. Revenue is predicted to have increased more than three percent to $17.92 billion. Note that Home Depot has not fallen short of consensus EPS estimates in more than ten quarters.

Target (NYSE: TGT). This Minneapolis-based big-box retailer is expected to report $0.77 per share earnings and sales of $16.93 billion for the third quarter. That compares with $0.82 per share and $16.40 billion in revenue in the same period of last year. Note that analysts have underestimated Target's per-share earnings in the past six quarters. The company is scheduled to share its results Thursday morning.

The Gap (NYSE: GPS). Analysts on average expect the largest specialty apparel retailer in the United States to report Thursday afternoon that its per-share earnings jumped by almost 40 percent to $0.63. That consensus EPS estimate has climbed from the $0.54 it was 60 days ago. The San Francisco-based company's revenue is expected to total $3.82 billion, which would be up more than six percent from the third quarter of last year.

The Children's Place (NASDAQ: PLCE). Third-quarter earnings from this Secaucus, N.J.-based specialty retailer are expected to come to $1.60 per share, or more than 16 percent higher year-over year. That EPS estimate is up from $1.58 in the past 60 days. Analysts are also looking for revenue to be less than four percent higher to $500.87 million. The company is on tap to report Wednesday before the opening bell.

TJX Companies (NYSE: TJX). The consensus forecast for the fiscal third quarter calls for EPS growth of about 13 percent year-over-year to $0.61 and sales up about 10 percent to $6.37 billion. Note that the consensus EPS estimate is unchanged in the past 60 days, and in the past eight quarters the EPS results have been within a penny or two per share of analysts' expectations. The largest off-price department store chain in the U.S. reports Tuesday Morning.

Dollar Tree (NASDAQ: DLTR). This Chesapeake, Va.-based discount variety store operator is expected to post $0.49 per share earnings and sales of $1.73 billion for the third quarter. That would be up from $0.44 per share and $1.60 billion in revenue in the same period of last year. But note that the consensus estimate has slipped in the past 60 days from $0.51 per share. Dollar Tree is scheduled to share its results Thursday morning.

Sears Holdings (NASDAQ: SHLD). The operator of the Sears and Kmart chains is expect to post a net loss of $2.17 per share for the third quarter on Thursday, as well as revenue of $8.59 billion. That would compare with a net loss of $2.57 and sales of $95.6 billion in the year-ago period. For what it is worth, 60 days ago the analysts on average estimated the net loss to be $2.23 per share.

Other retailers expected to report year-over-year EPS growth this week include Abercrombie & Fitch (NYSE: ANF), The Buckle (NYSE: BKE), PetSmart (NASDAQ: PETM), Hibbett Sports (NASDAQ: HIBB), Ross Stores (NASDAQ: ROST) and Williams-Sonoma (NYSE: WSM). Analysts anticipate earnings declines from GameStop (NYSE: GME), Limited Brands (NYSE: LTD) and Staples (NASDAQ: SPLS), as well as a net loss from Bon-Ton Stores (NASDAQ: BONT).

Posted-In: abercrombie & fitch Bon-Ton Stores Cisco System DELL Dollar Tree gamestop hibbett sports home depot LIMITED BRANDS PetSmart Ross Stores Sears Holdings Smuckers Staples Target the buckle The Children's Place The Gap TJX Companies Viacom Walmart Williams-SonomaEarnings Long Ideas News Guidance Short Ideas Previews Analyst Ratings Trading Ideas

 

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