Earnings Expectations For The Week Of January 5
As traders and investors return from the holiday break, earnings reports will resume. Taking their turns in the spotlight in the coming days will be Bed Bath & Beyond Inc. (NASDAQ: BBBY), Infosys Ltd ADR (NYSE: INFY), Micron Technology, Inc. (NASDAQ: MU) and SUPERVALU INC. (NYSE: SVU).
Earnings from Monsanto Company (NASDAQ: MON) will also be reported.
Let's take a closer look at the week's most anticipated numbers.
Bed Bath & Beyond
The fiscal third-quarter forecast for this retailer calls for earnings per share (EPS) to have risen from $1.12 in the year-ago period to $1.19. Revenues for the three months that ended in November are expected to have grown less than 4 percent to $2.97 billion in Thursday's report.
Of note, EPS has only topped expectations in one of the past four quarters, but analysts seem certain, as the consensus estimate has not changed in the past 90 days and individual estimates range from $1.17 to $1.22.
So far, both sequential and year-on-year growth (on the top and bottom lines) are in the forecast.
When it posts results on Friday morning, this IT and outsourcing company is expected to reveal that earnings for the most recent quarter came in at $0.43 per share. That would be two cents higher than in the year-ago period. However, note that analysts have underestimated EPS by more than 7 percent in the past four quarters.
The consensus forecast for this India-based company also calls for revenue to be up more than 7 percent from a year ago to $2.26 billion. Consensus revenue estimates call for growth of nearly 10 percent in 2015.
In its report late Tuesday, this DRAM and flash memory products maker is expected to report earnings growth of close to 16 percent year-over-year to $0.92 per share. The per-share earnings estimate has ticked up by $0.01 in the past two months.
Revenues for the fiscal first quarter are predicted to be 14 percent higher to $4.62 billion, relative to the same period last year. The consensus forecast has revenue up more than 10 percent and calls for a 7 percent gain in EPS.
Analysts expect this agribusiness giant to report EPS of $0.35 in the latest quarter, down from $0.67 a year ago. Quarterly revenues are forecast to hit $2.80 billion -- almost 11 percent lower.
The St. Louis-based maker of Roundup products is scheduled to report its results Wednesday before the U.S. markets open.
The forecast for the third-largest U.S. food retailer calls for a profit of $0.14 per share and for revenue to come in at $4.09 billion for its latest quarter. A year ago, the company posted EPS of $0.13, while sales totaled $4.01 billion. Supervalu's EPS has not fallen short of consensus estimates in four consecutive quarters.
Look for the company to release its fiscal third-quarter results Wednesday before the opening bell.
Other companies that analysts anticipate will show earnings growth this week include:
- Acuity Brands
- Commercial Metals
- Constellation Brands
- Greenbrier Companies
- Helen of Troy
- RPM International
- Synergy Resources
Meanwhile, EPS at the following companies will be lower (year-over-year) if consensus forecasts are accurate:
- Apollo Education
- Family Dollar Stores
The new earnings season kicks off the following week, when Alcoa, Intel, J.P. Morgan and other big banks share their fourth-quarter results.
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