Earnings Expectations for the Week of November 26
While the holiday season is in full swing now, the earnings season is winding down. Perhaps the most prominent quarterly reports on this week's schedule those from Kroger, the country's largest grocery store chain, and Tiffany, the iconic purveyor of luxury goods. The consensus forecasts of analysts calls for one of these retailers to show year-over-year earnings growth and the other to post an earnings decline. The following is a quick look at the expectations for these reports and the week's other most prominent quarterly results:
Kroger (NYSE: KR). The consensus forecast calls this Cincinnati-based operator of supermarkets and other stores to post fiscal third-quarter earnings of $0.43 per share, which would be up from $0.33 EPS in the year-ago period. That consensus estimate ticked up from $0.42 per share in the past 60 days. And analysts see revenue rising five percent year-over-year to $21.63 billion. Look for Kroger's report Thursday before the markets open.
Tiffany (NYSE: TIF). Analysts on average anticipate this New York-based retailer of fine jewelry and other luxury goods will say Thursday morning that it saw a profit of $0.63 per share in the third quarter, which would be down from $0.70 per share in the same period a year ago. But revenue is predicted to have increased more than four percent to $857.49 million. Note that Tiffany fell short of consensus EPS estimates in the previous three quarters.
Cracker Barrel Old Country Store (NYSE: CBRL). This purveyor of comfort food and nostalgia is expected to report $1.06 per share earnings and sales of $630.14 million for the fiscal first quarter. That compares with $1.09 per share and $598.44 million in revenue in the same period of last year. Note that analysts have underestimated Cracker Barrel's per-share earnings in the past five quarters. The company is scheduled to share its results Thursday morning.
Green Mountain Coffee Roasters (NYSE: GMCR). Analysts' consensus estimates call for the maker of Keurig single-serve brewing machines to report Tuesday afternoon that its fourth-quarter per-share earnings came to $0.48, or marginally higher than a year ago. But revenue is expected to total $902.23 million, up more than 26 percent. The forecast for the full fiscal year has EPS up almost 27 percent and revenue about 49 percent higher relative to the previous year.
Focus Media Holding (NASDAQ: FMCN). Fiscal third-quarter earnings from this Hong Kong-based advertising company are expected to come to $0.70 per share, or more than 15 percent higher year-over-year. That EPS estimate is up from $0.69 in the past 60 days, and EPS have been better than expected in the past ten quarters. Analysts are also looking for revenue to be 22 percent higher to $257.10 million. The company is on tap to report Tuesday after the closing bell.
PVH (NYSE: PVH). The consensus forecast for the fiscal third quarter calls for year-over-year EPS growth of almost 18 percent to $2.30, but sales down marginally to $1.64 billion. Note that the consensus EPS estimate was $2.25 some 60 days ago, and that analysts have underestimated PVH's per-share earnings for more than ten quarters. The world's largest shirt maker is scheduled to share results Tuesday afternoon.
A cluster of other retailers steps onto the earnings stage Wednesday, including Aeropostale (NYSE: ARO), American Eagle Outfitters (NYSE: AEO) and Ann (NYSE: ANN). Aeropostale's third-quarter EPS and revenue results are expected to be about the same as a year ago, while analysts are looking for EPS and revenue growth from the other two in their third quarters. The day's other anticipated earnings gainers include Fresh Market (NYSE: TFM) and rue 21 (NYSE: RUE), while earnings declines are predicted for Express (NYSE: EXPR), Gordmans Stores (NYSE: GMAN) and Guess? (NYSE: GES).
Later in the week, bookseller Barnes & Noble (NYSE: BKS) is expected to post a net loss for its fiscal second quarter, while footwear retailer Genesco (NYSE: GCO) and Ulta Salon Cosmetics (NYSE: ULTA) report earnings growth, relative to last year.
Also expected to report this week are integrated circuit maker Analog Devices (NASDAQ: ADI), watchmaker Movado (NYSE: MOV), machinery maker Pall Corp. (NYSE: PLL), TiVo (NASDAQ: TIVO), as well as Chinese solar companies China Sunenergy (NASDAQ: CSUN), J.A. Solar (NASDAQ: JASO) and Yingli Green Energy (NYSE: YGE).
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