Earnings Expectations for the Week of October 1
October marks a new month and a new quarter. Autumn is underway, and here is a look at what analysts expect to see from this week's quarterly reports from Constellation Brands (NYSE: STZ), Family Dollar (NYSE: FDO), Marriott International (NYSE: MAR), Monsanto (NYSE: MON) and Mosaic (NYSE: MOS).
Fourth-quarter fiscal 2012 earnings from this variety store chain operator are forecast to come to $0.75 per share, while revenues totaled $2.36 billion. In the same quarter of last year, the company beat EPS estimates when it posted $0.66 per share and $2.13 billion in sales. Note that Family Dollar earnings typically come within pennies per share of the consensus forecast; the third-quarter EPS narrowly missed the estimate. The full-year forecast has EPS up more than 14 percent to $3.64 and revenue about nine percent higher to $9.33 billion. Family Dollar steps into the earnings spotlight Wednesday before the markets open.
Analysts predict that this hospitality company will say Wednesday that it saw a profit of $0.40 per share in the third quarter. That would be up from $0.29 per share in the same period a year ago, and unchanged from the consensus EPS estimate of 60 days ago. The company fell short of EPS expectations once in the past four quarters; earnings were in line with the consensus estimate in the second quarter. Revenues for the third quarter are expected to have slipped almost eight percent year-over-year to $2.65 billion. So far, the full-year forecast has EPS up more than 21 percent but revenue more than five percent lower.
The world's largest producer of phosphate and second-largest producer of potash is expected to report Tuesday morning that for its first quarter of fiscal 2013 it had earnings of $1.16 per share. That would be down marginally from the same period in the previous year. Lower EPS exceeded the consensus estimate in the fourth quarter, but earnings have fallen short in two of the past six quarters. Analysts on average expect first-quarter revenues to total $2.54 billion, which would be short of last year's reported figure of $3.08 billion. In the fourth quarter, revenue fell less than two percent year-over-year to $2.82 billion.
Constellation Brands is the largest wine producer in the world and the largest beer importer in the United States. The company is expected to report Friday that fiscal second-quarter earnings fell almost 30 percent from the same period of last year to $0.54 per share. That would follow two quarters of year-on-year EPS increases. Ninety days ago, the consensus EPS estimate called for $0.57. Revenue for the quarter is predicted to have inched up about three percent to $710 million. So far, analysts expect sequential and year-over-year growth of both revenue and per-share earnings in the current quarter.
In its Wednesday morning report, this St. Louis-based agricultural biotechnology corporation is expected report a net loss of $0.43 per share for its fiscal fourth quarter. That compares to a net loss of $0.22 per share in the year-ago quarter, as well as a consensus estimate of a $0.44 loss from 60 days ago. But Monsanto's EPS results have been better-than-expected in the past six quarters. Fourth-quarter revenues are expected to total $2.25 billion, which would be the same as a year ago. The full-year forecast calls for EPS more than 20 percent higher to $3.72 and revenue up more than 15 percent to $13.65 billion.
See also: Russia Bans Monsanto's Modified Corn
Lighting maker Acuity Brands (NYSE: AYI), egg producer Cal-Maine Foods (NASDAQ: CALM) and data storage company Xyratex (NASDAQ: XRTX) are expected to report earnings growth, while Daytona Beach-based International Speedway (NASDAQ: ISCA) will post lower EPS and revenue than a year ago.
Propane distributor Ferrellgas Partners (NYSE: FGP) is forecast to report a net loss for its most recent quarter.
The new earnings season kicks off the following week, with reports due from Alcoa (NYSE: AA), Costco Wholesale (NYSE: COST), J.P. Morgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Yum! Brands (NYSE: YUM).
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