Earnings To Watch On Wednesday: Cisco, Alibaba & Macy's

Cisco Systems, Inc. (NASDAQ: CSCO), Alibaba Group Holding Ltd (NYSE: BABA) and Macy's, Inc. (NYSE: M) are scheduled to announce their quarterly financial results on Wednesday. All three stocks are falling on Tuesday, ahead of the reports. So, let’s take a look at what the Street and the crowd are expecting for the calls.

Cisco

Cisco will report its second quarter earnings after the market closes on Wednesday, and earnings are expected to reach their highest point since, at least, 2010. For the period, the Street is modeling consensus earnings of $0.56 per share on revenue of $12.663 million, while the crowd is projecting earnings of $0.57 per share on sales of $12.672 billion (Estimize).

These estimates compare to the EPS of $0.54 on revenue of $12.137 billion reported last quarter, and to EPS of $0.55 on sales of $12.357 billion registered in the fourth quarter of 2014.

Alibaba

Alibaba, on the other hand, is expected to deliver a relatively weak quarter, with a year-over-year decline in EPS of at least 26 percent. In the same quarter last year, the Chinese company delivered earnings of $0.84 per share on revenue of $2.542 billion. In the last reported quarter, earnings came it at $0.48 per share, and sales, at $2.811 billion.

For the current quarter, the Street anticipates EPS of $0.59 on revenue of $3.362, while the crowd foresees EPS of $0.62 on revenue of $3.421 billion.

Macy’s

Finally, Macy’s, which is reporting its second quarter financial results on Wednesday morning, is expected to announce a decline of at least 3.75 percent in EPS, year-over-year.

In the second quarter of 2014, earnings came in at $0.80 per share, and revenue, at $6.267 billion. For the current quarter, the Street models EPS of $0.75 on revenue of $6.255 billion, and the crowd, consensus EPS of $0.77 on sales of $6.261 billion.