Where Wall Street Is Looking For Earnings Growth This Week

• Wall Street is looking for strong quarterly results from Adobe and Ciena this week.
• Year-on-year earnings growth is also anticipated from Costco Wholesale.
• However, mixed results are forecast for H&R Block and Lululemon Athletica.

While things may have settled down on the earnings front, some noteworthy quarterly reports are on tap this week. Wall Street analysts are looking for top and bottom line growth from tech companies Adobe Systems Incorporated (NASDAQ: ADBE) and Ciena Corporation (NYSE: CIEN), from Costco Wholesale Corporation (NASDAQ: COST) and from homebuilder Toll Brothers Inc (NYSE: TOL). Below is a quick look at what is expected from these reports.Other prominent earnings reports expected this week include those from H & R Block Inc (NYSE: HRB) and Lululemon Athletica inc. (NASDAQ: LULU). Here the consensus forecasts call for mixed results, compared to the year-ago periods. Specifically, a seasonal net loss from the tax preparer and a smaller profit but revenue growth from the yoga apparel purveyor.A peek at some of the week's other most anticipated quarterly results concludes this post.See also: 5 Tech Trends To Watch In 2016

Adobe Systems

In its report late Thursday, this diversified software company is expected to report that its earnings per share (EPS) came to $0.62 for the period that ended in November, according the consensus of 22 Estimize estimates. That would be up from $0.36 in the year-ago period.Revenue is predicted to total $1.32 billion for the fiscal fourth quarter, which would be around 22 percent higher, relative to the same period of last year. The consensus of Wall Street analysts sees full-year revenue up more than 15 percent to $4.8 billion, with earnings of $2.07 per share.

Ciena

This communications networking company will post EPS of $0.40 for its fiscal fourth quarter, if Estimize's consensus forecast is accurate. Ciena posted a net loss of $0.08 in the year-ago period. The Wall Street EPS forecast is $0.38, but both Wall Street and Estimize underestimated EPS in the past two periods.The 11 Estimize survey respondents see revenue for the three months that ended in October at about $680.75 million. Here Wall Street is a little more optimistic, even though revenue fell short in the previous quarter. Watch for Ciena to post its latest financial results before Thursday's opening bell.

Costco

When this specialty retailer reports late Tuesday, the consensus of 69 Estimize estimates is that it will show a profit of $1.20 per share. That would compare to the $1.12 EPS in the same period of last year, as well as the $1.17 now expected by Wall Street analysts (the estimate was a penny less 60 days ago).Revenue for the three months that ended in November will be $27.82 billion, or up around 3% year over year, if Estimize is correct. Estimates from both Wall Street and Estimize were a bit too optimistic in the previous two quarters, though they both underestimated per-share earnings in the previous period.

Toll Bros.

Wall Street's fiscal fourth-quarter forecast for this luxury home builder calls for EPS to have ticked up a penny from the year-ago period to $0.84. However, 16 Estimize respondents predict it will have dropped to $0.82. But both see revenue for the period more than 6 percent higher year over year.Note that Toll Bros. fell short on both the top and bottom lines in the previous period. And the consensus Wall Street forecast for the full fiscal year calls for EPS of $2.00 on $4.18 billion in revenue. The company is scheduled to release its results Tuesday before the open of regular trading.See also: EXCLUSIVE: Relypsa Being Evaluated By 3-4 Potential Acquirers; Sanofi Seen As 'Natural Buyer'

And Others

This week, at least some growth in earnings is coming from AutoZone, Casey's General Stores, HD Supply, Krispy Kreme Doughnuts, Restoration Hardware and Smith & Wesson, if Wall Street analysts are correct.However, the consensus forecast calls for declining earnings when Men's Wearhouse shares its latest results, and a net loss for the quarter is expected from Vail Resorts.Watch for upcoming earnings reports the following week from BlackBerry, CarMax, General Mills, Oracle, Pier 1 Imports, Rite Aid and others.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.