Very Different Expectations For HD Supply And Navistar Earnings

  • Reports from two potential infrastructure plays will be among highlights this slow earnings week.
  • Wall Street analysts are looking for solid top and bottom line growth from one of them.
  • The other is expected to offer up another net loss for its most recent quarter.

Only a handful of notable quarterly reports are scheduled for this week, and that may be for the best as mixed or shrinking results are expected from several of them. Of the few forecast to post earnings and revenue growth, expectations are probably highest for industrial products and services supplier HD Supply Holdings Inc HDS, once a unit of Home Depot.

On the other hand, the Wall Street consensus forecast for Navistar International Corp NAV calls for the fourth consecutive quarterly net loss. This maker of trucks, buses and military vehicles made some management changes, and Carl Icahn increased his stake in the company, during the period. Both companies are expected to benefit from the anticipated increase in infrastructure spending.

HD Supply

When this Atlanta-based company shares its fiscal first-quarter results before the opening bell on Tuesday, the analysts on average predict that it will post $0.66 per share in earnings. That compares to the $0.44 per share reported in the prior quarter and $0.51 a year ago. And the $1.86 billion in expected revenue would be up more than 4 percent year over year. Note that earnings per share beat consensus estimates by a penny in the previous two quarters.

The forecast from eight Estimize respondents also sees EPS at the $0.66, which is within the company's guidance of $0.60 and $0.68 per share for the quarter. And the consensus revenue estimate for the most recent period is $1.85 billion, up from $1.63 billion in the prior quarter. Company guidance is a range of $1.84 billion and $1.89 billion.

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Wall Street's consensus forecast calls for EPS at this suburban Chicago-based company to have swing from a profit of $0.05 in the same period of last year to a net loss of $0.05. The 10 Estimize respondents have a consensus estimate of -$0.04 for the three months that ended in April. Note that EPS results fell handily short of both Estimize and Wall Street expectations in the previous three periods.

Estimize underestimated revenue in the past few quarters, and this time the respondents are looking for $2.05 billion. That would be down from the $2.20 billion reported in the year-ago quarter, and it also is the same as the Wall Street forecast. Look for Navistar to share its fiscal second-quarter results early Wednesday.

And Others

Other companies predicted to show at least some year-over-year earnings growth when they report this week include Ambarella, Greif, J.M. Smucker, Michaels Companies and Thor Industries. Per-share earnings at United Natural Foods will be the same as a year ago, if the analysts are correct.

But consensus forecasts call for shrinking profits from Ascena Retail, Brown-Forman, Canadian Solar, Casey's General Stores, Tailored Brands and Verifone Systems.

The following week, keep an eye out for reports from the likes of H&R Block, Jabil Circuit and Kroger.

Posted In: AmbarellaAscena RetailBrown-Formancanadian solarCasey's General StoresEarnings ExpectationsEstimizeGreifH&R BlockHD SupplyJ.M. SmuckerJabil CircuitKrogerMichaels CompaniesnavistarTailored BrandsThor IndustriesUnited Natural FoodsVeriFone SystemsAnalyst ColorEarningsNewsPreviewsCrowdsourcingTrading IdeasGeneral