Earnings Expectations for the Week of August 15

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Earnings season is not over yet. Among the companies on deck to report quarterly results this coming week are Deere
DE
, Smucker
SJM
and Estee Lauder
EL
. Analysts expect Deere's per-share earnings to be more than 13% higher than a year ago. Smucker's earnings are forecast to be marginally higher, while those of Estee Lauder are predicted to have slipped about a nickel per share. But the real focus will be on retail and tech earnings. Walmart
WMT
, Home Depot
HD
and Abercrombie & Fitch
ANF
are scheduled to post second-quarter results, and Dell
DELL
and Hewlett-Packard
HPQ
will be stepping into the earnings spotlight as well. Here's a look at what analysts anticipate from these and many others in these sectors this week.
Retail Earnings
Walmart, the largest retailer in the world, is forecast to post second-quarter earnings of $1.08 per share on revenues of $108.3 billion on Tuesday. That is up from $0.97 per share and $103.7 billion in the same period of last year. Analysts are looking for big-box home improvement chain Home Depot to report Tuesday that earnings are up 13.3% from a year ago to $0.83 per share, while revenues come in at $19.9 billion, an increase of just 2.8%. And Wednesday, hip specialty retailer Abercrombie & Fitch is expected to report per-share earnings up a nickel per share to $0.29, but revenue that jumped 18.0% year-over-year to $880.2 million. Note that none of these three retailers have fallen short of consensus earnings estimates in recent quarters. Here is a look at the consensus earnings forecasts for some of the week's other anticipated double-digit gainers in retail.
  • Ann ANN: EPS up 28.9% to $0.45 (reports Friday)
  • BJ's Wholesale Club BJ: EPS up 13.0% to $0.77 (reports Wednesday)
  • Buckle BKE: EPS up 13.7% to $0.51 (reports Thursday)
  • Chico's FAS CHS: EPS up 29.2% to $0.24 (reports Wednesday)
  • Dick's Sporting Goods DKS: EPS up 13.3% to $0.50 (reports Tuesday)
  • Dollar Tree DLTR: EPS up 18.7% to $0.75 (reports Thursday)
  • Foot Locker FL: EPS up 63.6% to $0.11 (reports Thursday)
  • Hibbett Sports HIBB: EPS up 26.3% to $0.19 (reports Friday)
  • Limited Brands LTD: EPS up 21.7% to $0.46 (reports Wednesday)
  • Lowe's Companies LOW: EPS up 12.1% to $0.66 (reports Monday)
  • PetSmart PETM: EPS up 19.6% to $0.51 (reports Wednesday)
  • Ross Stores ROST: EPS up 16.4% to $1.28 (reports Thursday)
  • TJX Companies TJX: EPS up 18.0% to $0.89 (reports Tuesday)
Analysts anticipate modest earnings growth from America's Car-Mart
CRMT
and Target
TGT
as well. Staples
SPLS
per-share earnings are expected to be about the same as in the year-ago quarter, while retailers expected to report declining earnings this week include GameStop
GME
, Gap
GPS
, Kirklands
KIRK
and Urban Outfitters
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URBN
. And Bon-Ton Stores
BONT
, Hot Topic
HOTT
, Saks
SKS
and Sears
SHLD
are expected to post net losses for the second quarter.
Tech Earnings
Analysts foresee a report of earnings growth from Dell on Tuesday despite weak growth in PC shipments. The Texas-based computer and smartphone maker is expected to post second-quarter earnings of $0.49 per share on revenues of $15.8 billion. That compares with $0.32 per share and $15.5 billion in the same period a year ago. Things are not as rosy for rival Hewlett-Packard. Its anticipated fiscal third-quarter earnings of $1.09 per share would be about the same as a year ago, while revenues are forecast to be up just 1.5% to $31.2 billion. While analysts underestimated Dell earnings by 25% or more in the past three quarters, HP has only topped consensus estimates by about a nickel or so per share in that time. By and large, expectations for this week's other tech earnings are positive.
  • Agilent Technologies A: EPS up 26.0% to $0.73 (reports Monday)
  • Analog Devices ADI: EPS up 12.2% to $0.74 (reports Tuesday)
  • Autodesk ADSK: EPS up 12.2% to $0.41 (reports Thursday)
  • NetApp NTAP: EPS up 10.9% to $0.55 (reports Wednesday)
  • NetEase.com NTES: EPS up 29.5% to $0.78 (reports Wednesday)
  • Salesforce.com CRM: EPS up 3.3% to $0.30 (reports Thursday)
  • Tech Data TECD: EPS up 14.6% to $0.96 (reports Thursday)
Marvell Technology Group's
MRVL
per-share earnings are predicted to have slipped three cents per share.
Looking Ahead
The following week, Applied Materials
AMAT
, Heinz
HNZ
, Hormel
HRL
and Tiffany
TIF
will be reporting their quarterly results.
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Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsLong IdeasShort IdeasPreviewsPre-Market OutlookTrading Ideasabercrombie & fitchAgilent TechnologiesAmerica’s Car-Martanalog devicesanalyst forecastsann taylorautodeskBJ’s Wholesale ClubBon-Ton StoresBuckleChico’s FASDeereDELLDick’s Sporting GoodsDollar Treeearnings forecastsearnings previewsEstee Lauderfoot lockergamestopGAPhewlett-packardhibbett sportshome depotHot TopicHPKirklandsLIMITED BRANDSLowe’s CompaniesMarvell TechnologyNetAppNetEase.comPetSmartretail earningsRetail StocksRoss StoresSaksSalesforce.comsearsSmuckerStaplesTargetTech Datatech earningstech stocksTJX CompaniesUrban OutfittersWal-MartWalmart
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