Earnings Expectations for the Week of June 11 (KR, PIR, WGO)

First-quarter results from Kroger KR will highlight another quiet week on the earnings front. The consensus forecast calls for year-over-year growth in both per-share earnings and revenues. Others scheduled to post results this week include FactSet Research Systems FDS, Pier 1 Imports PIR, School Specialty SCHS, Smithfield Foods SFD and Winnebago WGO. Here is a quick look at what analysts are looking for from these reports.


This Cincinnati-based supermarket operator is forecast to post first-quarter earnings of $0.73 per share on revenues of $29.2 billion. That would be up from $0.70 per share and $27.5 billion in the same period of last year. That EPS estimate is unchanged over the past 60 days. Kroger topped earnings estimates in four of the past five quarters. So far analysts anticipate year-over-year growth of both per-share earnings and revenues in the current quarter as well.

Kroger's long-term earnings per share growth forecast is 10.2% and its PEG ratio is less than the industry average. Its dividend yield is 2.1%. During the three months that ended in April, Kroger announced that it would no longer sell so-called pink slime, and it also created a director of sustainability position. Analysts have a mean price target of $26.28 per share, which gives the stock plenty of room to run from $21.57 per share at Friday's close. But shares have fallen more than 10% in the past 90 days. While the stock has underperformed the broader markets over the past six months, it has outperformed competitors Safeway SWY and SuperValu SVU.

FactSet Research

Third-quarter fiscal 2012 earnings for this provider of financial and economic information are expected to come to $1.04 per share, while revenues total $202.9 million, in Tuesday's report. In the same quarter of last year, the Norwalk, Conn.-based company posted $0.92 per share and $183.6 million. FactSet, which boosted its dividend in May, topped analysts' EPS estimates in the previous two quarters. And the consensus forecast for the full fiscal year has double-digit percentage growth of both EPS and revenues.

Pier 1

The consensus forecast for specialty retailer, shares of which dropped recently despite solid preliminary numbers, calls for a profit of $0.16 per share on revenues of $360.0 million. That would be an increase from $0.12 per share earnings and sales of $334.6 million in the fiscal first quarter of last year. Pier 1 earnings have been in line with consensus estimates in recent quarters. The Fort Worth, Tex.-based company will share its results Thursday before the markets open.

School Specialty

In its Thursday report, this Greenville, Wis.-based education company is expected to post a loss of $0.91 per share for the fourth quarter of fiscal 2012. That would be the same as a year ago. That EPS estimates has not changed over the past 60 days. And analysts predict quarterly revenues fell 7.8% from a year ago to $117.4 million. The full-year forecast calls for a net loss of $0.53 per share (narrower than a year ago) and sales of $730.1 million.

Smithfield Foods

Smithfield Foods, shares of which have declined more than 20% since the beginning of the year, is expected to say that its fiscal fourth-quarter earnings fell 36.5% from a year ago to $0.54 per share. That consensus estimate was six cents higher 60 days ago. But analysts anticipate revenues for the quarter will be up 5.0% to $3.3 billion. The full-year forecast calls for a profit of $2.67 per share and sales of $13.1 billion. The Smithfield, Va.-based meat producer is scheduled to share its results Thursday morning.


The recreational vehicle maker recently rejected a takeover bid, and it is expected to say Thursday morning that for its fiscal third-quarter it had a profit of $0.12 per share. That would be two-thirds higher than in the same period a year ago. But note that Winnebago missed consensus EPS estimates in three of the past four quarters. But analysts on average expect revenues to be 21.5% higher year over year to $164.7 million. Revenue is also forecast to be up by double-digits in the current quarter and for the full year as well.

Next Week

Upcoming earnings to watch for include those from FedEx FDX, Barnes & Noble BKS, Bed Bath & Beyond BBBY, CarMax KMX, ConAgra CAG, Goodrich GR and Oracle ORCL.

Posted In: analyst forecastsearnings expectationsearnings previewsFactSet ResearchKrogerPier 1 ImportsSafewaySchool SpecialtySmithfield FoodsSuperValuWinnebagoEarningsLong IdeasNewsShort IdeasPreviewsPre-Market OutlookTrading Ideas

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