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Michaels Companies (NASDAQ:MIK) releases its next round of earnings this Wednesday, September 4. Here's Benzinga's essential guide to Michaels Companies Q2 earnings report.
Earnings and Revenue
Michaels Companies earnings will be near 14 cents per share on sales of $1.02 billion, according to analysts.
In the same quarter last year, Michaels Companies reported EPS of 15 cents on revenue of $1.05 billion. If the company were to match the consensus estimate when it reports Wednesday, EPS would have fallen 6.67%. Sales would have fallen 3.13% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
| EPS Estimate | 0.310 | 1.42 | 0.44 | 0.13 | 0.38 |
| EPS Actual | 0.310 | 1.44 | 0.48 | 0.15 | 0.39 |
Stock Performance
Over the last 52-week period, shares are down 66.67%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating by analysts on Michaels Companies stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Michaels Companies is scheduled to hold the call at 9:00 a.m. ET and can be accessed here: http://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10134108
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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