Earnings Expectations for the Week of December 10
There will not be much on the earnings front this week to distract from the wrangling over the so-called fiscal cliff and debt ceiling, as well as the Federal Reserve's latest rate decision and any changes to quantitative easing.
The only S&P 500 components on deck to share their most recent quarterly reports are Adobe Systems (NASDAQ: ADBE), Costco Wholesale (NASDAQ: COST), Dollar General (NYSE: DG) and Joy Global (NYSE: JOY). Here is a quick look at what analysts expect from these and a few of the week's other most prominent earnings reports:
This San Jose-based software company is expected to report Thursday afternoon that for its fourth quarter of fiscal 2012 it had a profit of $0.57 per share. That compares to earnings of $0.67 per share in the same period in the previous year.
Analysts on average expect quarterly revenues to total $1.10 billion, which would be down more than four percent from a year ago. The full-year forecast calls for EPS down marginally to $2.32 on revenues that are more than three percent higher to $4.35 billion.
First-quarter fiscal 2013 earnings from this warehouse retailer are expected to come to $0.93 per share, on revenues of $23.66 billion. In the same quarter of the previous year, the company matched EPS estimates when it posted $0.80 per share and $21.63 billion in sales.
Analysts have underestimated Costco's per-share earnings in the past three quarters. For the current quarter, sequential and year-over-year growth of EPS and revenue is forecast. Costco is scheduled to share its results Wednesday before the opening bell.
For the third quarter of fiscal 2012, this Tennessee-based variety store operator is forecast to post earnings of $0.60 per share, while revenues totaled $3.96 billion. The consensus EPS estimate has not changed in the past 60 days.
In the same quarter of last year, the company reported better-than-expected EPS of $0.50 per share and $3.60 billion in revenue. And for the current quarter, sequential and year-over-year growth of EPS and revenue is expected. Dollar General is due to share its results on Tuesday.
In its Thursday morning report, this residential home builder is expected report a net loss of $0.06 per share for its fiscal fourth quarter. That compares to a net loss of $0.90 per share in the year-ago quarter. The full-year EPS estimate of $0.09 compares to a net loss of $2.85 per share in the previous year.
Hovnanian Enterprises' (NYSE: HOV) fourth-quarter revenues are expected to total $461.11 million, which would be about 35 percent higher than a year ago, while analysts predict that full-year sales will total $1.45 billion, or about 28 percent higher.
Fourth-quarter fiscal 2012 earnings from this Milwaukee-based mining equipment maker are forecast to come to $1.91 per share, while revenues totaled $1.42 billion. In the same quarter of last year, the company missed EPS estimates when it posted $1.83 per share and $1.34 billion in sales.
The full-year forecast calls for EPS up more than 16 percent to $7.11 on revenues that are more than 24 percent higher to $5.49 billion. Neither the quarterly nor full-year EPS estimates have changed in the past 60 days. Joy Global steps into the earnings spotlight Wednesday morning.
In its report Thursday afternoon, industrial equipment maker Nordson (NASDAQ: NDSN) is expected to say earnings rose more than 16 percent from a year ago to $1.03 per share for its fiscal fourth quarter. That consensus estimate has not changed in the past 60 days.
Quarterly revenues are forecast to total $418.02 million, which would be more than 26 percent higher than a year ago. For the full year, analysts are looking for $3.54 per share on $1.39 billion in revenue. That would be up from $3.27 per share and $1.23 billion in the previous year.
VeriFone (NYSE: PAY) provides electronic payment systems and is expected to report Thursday that its fourth-quarter fiscal 2012 earnings were $0.76 per share, which would be up from $0.53 per share a year ago.
Full-year EPS are forecast to be about 30 percent higher to $2.74. Analysts are looking for revenue of $495.20 million for the quarter and $1.89 billion for the year. That would be up more than 20 percent and almost 45 percent, respectively.
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