Market Overview

Earnings Expectations for the Week of March 11

The earnings stage remains fairly quiet this week, though a scattering of retailers are scheduled to share their most recent results. The most prominent of those are S&P 500 components Costco Wholesale (NASDAQ: COST) and Urban Outfitters (NASDAQ: URBN). Analysts on average expect year-over-year growth of earnings per share (EPS) and revenues from both of them, for the fourth quarter and for the full year.

Dick's Sporting Goods (NASDAQ: DKS) gets the week started off Monday morning with anticipated EPS growth of about 28 percent to $1.06 for the quarter. Quarterly revenue is expected to have risen more than 15 percent from a year ago to $1.86 billion.

Casey's General Stores (NYSE: CASY) and Urban Outfitters report later on Monday. The former is predicted to post $0.47 EPS on $1.71 billion in sales, which would be up from $0.43 EPS on $1.58 billion in the same period of last year. The latter is expected to say that EPS rose more than 52 percent to $0.57 and revenue increased about 16 percent to $848.24 million. The consensus EPS estimate for Urban Outfitters has ticked up in the past 60 days from $0.53, but the company fell short of consensus EPS estimates in two of the past four quarters.

Bon-Ton Stores (NASDAQ: BONT) and Costco step into the earnings spotlight Tuesday morning. EPS for the quarter is expected to be up more than 14 percent, to $3.57 for the former and $1.06 for the latter. And the forecasts call for revenue to be up at least six percent to $1.04 billion and $25.13 billion, respectively. But note that analysts underestimated Costco's EPS in the past four quarters.

Express (NYSE: EXPR) is expected to post fourth-quarter EPS of $0.74 and $722.38 million in sales Wednesday before the opening bell. That would be up from $0.70 and $673.15 million in the year-ago period.

Later on Wednesday, Hot Topic (NYSE: HOTT) is expected to say its fourth-quarter EPS rose about 22 percent year-over-year to $0.27, while its revenue of $227.92 million was more than eight percent higher.

Coldwater Creek (NASDAQ: CWTR) and Men's Wearhouse (NYSE: MW) are also on deck Wednesday after the markets close. But the forecasts call for net losses of $0.79 and $0.05 per share, respectively. However, revenues for the quarter are expected to be up marginally to $218.76 million for the former and to $610.00 million for the latter.

Thursday morning brings fourth-quarter reports from Buckle (NYSE: BKE) and Kirkland's (NYSE: KIRK). The forecast for the former calls $1.25 EPS on sales of $356.08 million, which would be up from $1.18 per share on $337.08 million. The latter is expected to report that EPS that are flat year-over-year at $0.74, while its revenue increased about nine percent to $162.59 million.

A decline in both earnings and revenue is expected from Aeropostale (NYSE: ARO) when it shares its fourth-quarter results Thursday afternoon. The forecast calls for $0.22 per share (half of the year-ago EPS) and $779.66 million.

Ulta Salon Cosmetics (NASDAQ: ULTA) and Zumiez (NASDAQ: ZUMZ) also are scheduled to report Thursday after the closing bell. The consensus forecasts call for EPS of $0.98 and $0.73, respectively, which would be double-digit percentage growth in both cases. Revenues for the fourth quarter are expected to be up more than 29 percent to $753.50 million for the beauty retailer and more than 21 percent to $223.39 million for the sportswear purveyor.

And then on Friday morning look for fourth-quarter results from Citi Trends (NASDAQ: CTRN) and Hibbett Sports (NASDAQ: HIBB). The former is predicted to post $0.02 EPS on $185.78 million in revenue, which compares to a net loss of $0.18 per share and $178.36 million in the same period of last year. The latter is expected to say that its EPS increased about 17 percent to $0.72, while revenue grew almost 14 percent to $217.10 million.

Earnings reports scheduled for the following week include those from Darden Restaurants (NYSE: DRI), FedEx (NYSE: FDX), General Mills (NYSE: GIS), Nike (NYSE: NKE), Oracle (NASDAQ: ORCL) and Tiffany (NYSE: TIF).

See also: The Week Ahead: Retail Sales, Inflation Data in Focus

Posted-In: Aeropostale Bon-Ton Stores Casey's General Stores Citi Trends Coldwater CreekEarnings Previews Trading Ideas Best of Benzinga

 

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