Earnings Expectations for the Week of June 17
Quarterly reports from FedEx (NYSE: FDX), Oracle (NASDAQ: ORCL) and Kroger (NYSE: KR) will be among the highlights on the earnings front this week. Here is a quick look at what analysts are expecting from these and some of the week's other, most prominent earnings reports.
This ostensible economic bellwether is expected to say that earnings came to $1.96 per share for its fourth quarter of fiscal 2013. That would be down from $1.99 per share in the year-ago period. Revenues for the quarter are estimated to be about four percent higher to $11.44 billion.
The full-year forecast calls for earnings per share (EPS) of $6.05 on $44.39 billion in revenue. That would compare to $6.59 per share and $42.70 billion in the previous year. Note that both consensus EPS estimates have slipped by a penny over the past 60 days. Look for the earnings report Wednesday morning.
In its report after the markets close Thursday, Oracle is expected to post fiscal fourth-quarter earnings that were more than five percent higher than in the year-ago period to $0.87 per share. Full-year EPS from this enterprise software and hardware maker are forecast to be up more than eight percent to $2.68.
Revenues from this Redwood City, California-based company are predicted to total $11.13 billion for the most recent quarter and $37.46 billion for the fiscal year. That would be up less than two percent and less than one percent, respectively.
Fiscal first-quarter earnings from Kroger are forecast to come to $0.88 per share in Thursday's report. That would be up from $0.78 per share in the year-ago period. The largest grocery store chain in the United States exceeded analysts' EPS expectations in the past four quarters.
Quarterly revenues are predicted to total $30.17 billion, which would be an almost four percent increase relative to a year ago. And thus far, more than four percent growth in revenues and more than 13 percent growth in EPS are expected in the current quarter as well.
First-quarter fiscal 2014 earnings from CarMax (NYSE: KMX) are expected to be $0.58 per share, on revenues of $3.13 billion. In the same quarter of the previous year, this retailer of used vehicles just missed consensus EPS estimates when it posted $0.52 on sales of $2.77 billion.
Note that this Richmond, Virginia-based company has topped analysts' expectations for earnings in just one of the past four quarters. And so far, EPS and revenue results are predicted to be similar in the current quarter. The report is scheduled for Friday before the markets open.
Darden Restaurants (NYSE: DRI), which operates the Red Lobster, Olive Garden and other chains, is expected to report Friday before the opening bell that for its fiscal fourth quarter it saw $1.04 EPS and $2.26 billion in revenue. In the same period of the previous year, it posted $1.15 per share, while sales totaled $2.07 billion.
For the full year, the forecast calls for EPS of $3.16 on $8.52 billion in revenue. That would compare to $3.58 per share and $8.00 billion in the previous year. Note that both consensus EPS estimates are unchanged from 60 days ago. Look for the earnings report Friday morning.
In its Wednesday afternoon report, Jabil Circuit (NYSE: JBL) is expected to report that fiscal third-quarter EPS declined from $0.64 a year ago to $0.54. That consensus estimate is the same as it was 60 days ago, but per-share earnings missed consensus estimates by a penny in the previous quarter.
Revenues from this St. Petersburg, Florida-based electronics manufacturer are forecast to total $4.40 billion for the most recent quarter. That would be up less than three percent year-over-year. So far, revenue is predicted to be almost five percent higher in the current quarter and more than four percent for the full year.
Others predicted to report year-over-year earnings growth this week include FactSet Research Systems (NYSE: FDS), La-Z-Boy (NYSE: LZB), Red Hat (NYSE: RHT) and Rite Aid (NYSE: RAD). But earnings declines are expected from Adobe Systems (NASDAQ: ADBE) and TIBCO Software (NASDAQ: TIBX).
The following week, keep an eye out for quarterly reports from Bed Bath & Beyond (NASDAQ: BBBY), BlackBerry (NASDAQ: BBRY), ConAgra Foods (NYSE: CAG), General Mills (NYSE: GIS), Walgreen (NYSE: WAG) and more.
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