Earnings Expectations For The Week Of March 3: Costco, SolarCity And More
The calendar page has turned, and the earnings season is all but done.
But this week's earnings highlights will include quarterly reports from a few more retailers, such as Costco, Kroger, RadioShack and Staples, as well as some solar companies, including SolarCity and Trina Solar.
Here is a quick day-by-day run down of analyst expectations for some of the week's most anticipated reports.
Late Monday, SolarCity (NASDAQ: SCTY) is expected to say that it saw a net loss of $0.55 per share and that revenue totaled $43.83 million in the fourth-quarter. That would compare to a $0.54 per share net loss and $25.27 million in revenue in the year-ago period. The full-year forecast calls for a narrower net loss of $1.79 per share and revenue up more than 25 percent to $161.13 million.
Also on Monday, biotech company Dendreon is expected to report a wider net loss for the most recent quarter. Analysts are looking for JinkoSolar to have swung to a profit and for its revenue to be up sharply, and for Stratasys to show growth in both earnings and revenue.
RadioShack (NYSE: RSH) is scheduled to step into the earnings spotlight before the markets open. Analysts are looking for EPS to have declined from $0.04 a year ago to a net loss of $0.15 in the just past fourth quarter. Revenue is expected to come in at $1.12 billion, or down almost 14 percent year over year. The full-year forecast calls for a deeper net loss and a double-digit percentage decline in sales.
When Trina Solar (NYSE: TSL) shares its fourth-quarter results Tuesday morning, it is expected show a significantly narrower net loss of $0.02 per share, as well as revenue that jumped almost 80 percent from a year ago to $543.47 million. The full-year forecast also has a narrowed net loss and revenue growth.
Furthermore, improvement on the top and bottom lines is predicted for gun maker Smith & Wesson.
The middle of the week will be pretty quiet on the earnings front. Alcoholic beverage company Brown-Forman is likely to report earnings growth. Analysts have high hopes for EPS and revenue improvement from Canadian Solar, while quarterly numbers are expected to have slipped at PetSmart.
Ciena (NYSE: CIEN) is expected to say before the markets open that its quarterly earnings swung to $0.16 per share from a net loss of $0.04 per share in the year-ago period. Yet, revenue for the period is presumed to total $532.28 million, or more than 12 percent lower than a year ago.
The consensus forecast for Costco (NASDAQ: COST) calls for EPS to be up about six percent to $1.17 for the most recent fiscal quarter. Revenue is expected to have risen more than seven percent from a year ago.
Analysts are looking for Kroger (NYSE: KR) to say that EPS for the fourth quarter fell about 17 percent from a year ago to $0.73. Revenue is expected to total $23.16 billion, which would be about four percent lower than in the comparable period of last year. However, the full-year forecast has growth on the top and bottom lines.
The fourth-quarter forecast for Staples (NASDAQ: SPLS) calls for $0.39 EPS and revenue of $5.98 billion. That would be down year over year from $0.46 per share and sales of $6.57 billion. Analysts are looking for full-year EPS and revenue to have declined as well.
Also on Thursday, look for earnings growth from Canadian Natural Resources and Chinese Internet company Qihu 360 Technology, for lower EPS from mining equipment maker Joy Global and for a net loss H&R Block.
Retailers Big Lots and Foot Locker take their turns on the earnings stage Friday before the opening bell. Look for quarterly earnings growth from the latter and a decline in EPS from the former.
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