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The start of the retail earnings season last week was a mixed bag.
Quarterly results from
WalmartWMT,
Kohl'sKSS and
NordstromJWN ranged from so-so to disappointing, while
J.C. PenneyJCP posted a larger-than-expected net loss.
Macy'sM was the standout, with relatively strong first-quarter results.
There are plenty more on the retail earnings front this week.
On Tuesday,
Home DepotHD is scheduled to report before the opening bell, while rival
Lowe's CompaniesLOW shares its results Wednesday before the markets open. They both are projected to report per-share earnings more than 13 percent, relative to a year ago, to $0.77 for Home Depot and $0.51 for Lowe's. First-quarter revenue for the former is expected to be up about five percent year-over-year to $18.69 billion, while that of the latter crept up more than two percent to $13.45 billion.
First-quarter fiscal 2014 earnings from
Best BuyBBY are expected to come to $0.25 per share, on revenues of $10.64 billion. But in the same quarter of the previous year, the consumer electronics retailer posted $0.72 EPS and sales of $11.61 billion. The consensus EPS estimate for the quarter has ticked up a penny in the past 60 days, but Best Buy earnings fell well short of expectations in two of the past three quarters. The company is scheduled to share its results early Tuesday.
Other specialty retailers expected to report earnings declines this week include
Advance Auto PartsAAP,
America's Car-MartCRMT,
GameStopGME and
StaplesSPLS.
Analysts are looking for earnings growth from
AutoZoneAZO,
Dick's Sporting GoodsDKS,
Foot LockerFL,
Hibbett SportsHIBB,
PetSmartPETM and
Williams-SonomaWSM.
First-quarter earnings from
TargetTGT are forecast to come to $0.87 per share in Wednesday morning's report. That that would be down more than 16 percent from the year-ago period, and note that 60 days ago the consensus estimate was $0.96. Quarterly revenues are predicted to total $16.82 billion, which would be marginally lower year-over-year.
For its first quarter of 2013,
Abercrombie & FitchANF is expected to post a net loss of $0.05 per share, while revenues totaled $941.66 million. That compares to a net loss of $0.25 and $921.22 million in revenue the company reported in the same quarter of last year. Abercrombie had better-than-expected per-share profits in the previous three quarters. Look for the earnings report Friday morning.
Other apparel retailers expected to report net losses this week include
AeropostaleARO,
Bon-Ton StoresBONT,
New York & CompanyNWY and
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The
GapGPS is expected to report Thursday afternoon that for its first quarter it saw a profit of $0.69 per share on $3.68 billion in revenue. That would be up from EPS of $0.47 and revenue of $3.49 billion in the same period of the previous year. And note that 60 days ago that EPS estimate was only $0.56.
Analysts are also predicting year-over-year earnings growth from
BuckleBKE,
L BrandsLTD and
Urban OutfittersURBN when they report this week.
EPS from
SaksSKS are expected to be the same as a year ago, while those from
CatoCATO,
Citi TrendsCTRN and
Children's Place
PLCE and anticipated to have declined.
In its report early Thursday,
Dollar TreeDLTR is predicted to say that its first-quarter earnings rose more than 12 percent from the year-ago period to $0.57 per share. That consensus EPS estimate has not changed in the past 60 days. This discount retailer's revenues for the quarter are forecast to total $1.87 billion, or more than eight percent higher year-over-year.
Earnings growth is also anticipated from this week's quarterly reports from discount retailers
Ross StoresROST,
Stein MartSMRT and
TJX CompaniesTJX. But
Gordmans StoresGMAN and
Kirkland'sKIRK are expected to say their EPS declined by at least half.
Aside from retail, the highlight this week may be the fiscal second-quarter report from
Hewlett-PackardHPQ. The consensus forecast calls for $0.81 per share and revenues of $28.08 billion. That would be down from the $0.98 EPS and sales of $30.69 billion it posted in the same quarter of the previous year. HP is scheduled to share its results late Wednesday.
Analog DevicesADI is also expected to post an earnings decline this week, while earnings growth is anticipated from
IntuitINTU and
NetAppNTAP.
And analysts expect EPS from
Campbell SoupCPB and
Hormel FoodsHRL to be about the same as in the year-ago period, but with some growth in revenues.
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: EarningsLong IdeasShort IdeasPreviewsTrading Ideasabercrombie & fitchadvance auto partsAeropostaleAmerica's Car-Martanalog devicesAutoZonebest buyBon-Ton StoresBucklecampbell soupCatoChildren's PlaceCiti Trendsdick's sporting goodsDollar Treefoot lockergamestopGAPGordmans Storeshewlett-packardhibbett sportshome depothormel foodsintuitJ.C. PenneyKirkland'skohl'sL BrandsLowe's Companiesmacy'sNetAppNew York & CompanyNordstromPacific Sunwear of CaliforniaPetSmartRoss StoresSaksStaplesStein MartTargetTJX CompaniesUrban OutfittersWalmartWilliams-Sonoma
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