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Earnings Expectations For The Week Of March 31: Micron Technologies, Monsanto And More

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Earnings highlights this week include reports from Micron Technology (NASDAQ: MU) and Monsanto (NYSE: MON).

Apollo Education (NASDAQ: APOL) and CarMax (NYSE: KMX) are also scheduled to take their turns in the earnings spotlight this week. Below is a quick look at what analysts expect from these and the other most prominent quarterly reports due out this week.

See also: Weekly Preview: Busy Week For Economic Data

Apollo Education

Analysts expect this Phoenix-based for-profit education company to post earnings of $0.19 per share for its fiscal second quarter of 2014. That would be down from $0.34 a year ago. And revenues for the quarter are estimated to total $689.04 million, which would be more than 17 percent lower than a year ago.

Note that analysts have underestimated earnings per share (EPS) in the past four quarters, by as much as 120 percent. And the consensus EPS estimate has ticked up by a penny in the past 60 days. So far EPS and revenues for the current quarter are expected to be higher sequentially but lower year over year. Apollo Education is scheduled to share its results Tuesday after the markets close.

CarMax

The forecast for this U.S. retailer of used vehicles calls for per-share earnings of $0.53 and for revenue to total $3.18 billion for its fourth quarter. In the year-ago period, it posted a profit of $0.46 per share and sales came to $2.83 billion. Note that CarMax fell short EPS estimates by a penny in the previous quarter.

For the full year, the consensus expectations are for $2.26 per share earnings and revenue of $12.68 billion. That would be up from EPS of $1.87 and $10.96 billion in sales in the previous year. CarMax is scheduled to share its results Friday before the opening bell.

Micron Technology

In its report late Thursday, this maker of flash memory devices and image sensing semiconductor chips is expected to have swung from a per-share net loss of $0.28 in the year-ago quarter to a per-share profit of $0.74 for the three months that ended in February. However, analysts underestimated its earnings results in two of the previous four periods.

Revenues are predicted to have surged more than 91 percent to $3.98 billion for the fiscal second quarter. So far, the company is expected to show strong revenue growth, more than 70 percent year on year, in both the current quarter and for the full fiscal year.

Monsanto

The maker of Roundup brand products is forecast to report earnings of $3.08 per share in Wednesday morning's report. That would be up from the $2.73 per share in the year-ago period. Note that the company fell short of consensus EPS expectations in one of the previous four quarters.

Monsanto also is expected to say that revenues came to $5.81 billion in the fiscal second quarter, which would be higher than a year ago by more than six percent. So far, sales and earnings results for the current quarter are expected to be lower sequentially but higher year over year.

See also: Will Monsanto (MON) Miss Earnings Estimates? - Analyst Blog

UTi Worldwide

The fourth-quarter forecast for UTi Worldwide (NASDAQ: UTIW) calls for a net loss of $0.11 per share, on $1.08 billion in revenue, in Monday morning's report. That would compare to a net loss of $0.13 per share and revenue of $1.10 billion in the same period of the previous year.

For the full year, analysts expect the British Virgin Islands-based air freight and logistics company to show EPS that tumbled from $0.39 in the previous year to $0.03. Revenue is expected to be more than three percent lower to $4.45 billion.

And Others

Analysts also foresee earnings growth this week from Acuity Brands, Cal-Maine Foods, Global Payments and Greenbrier Companies.

However, Mitcham Industries, Perry Ellis International, Schnitzer Steel Industries and Verint Systems are expected to show a year-over-year decline in their per-share earnings.

And the analysts are looking for net losses from China Sunergy and Texas Industries when they report this week.

The following week, look for quarterly results from Alcoa, Bed Bath & Beyond, J.P. Morgan Chase, Rite Aid, Wells Fargo and others.

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Posted-In: acuity brands Alcoa Apollo EducationEarnings News Previews Pre-Market Outlook Trading Ideas Best of Benzinga

 

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