Market Overview

Earnings Expectations for the Week of April 1

Share:
Earnings Expectations for the Week of April 1

Here is a quick look at what analysts expect to see from ConAgra Foods (NYSE: CAG), McCormick (NYSE: MKC), Monsanto (NYSE: MON) and some of the other most prominent quarterly reports scheduled for this week.

Acuity Brands

Second-quarter fiscal 2013 earnings from Atlanta-based Acuity Brands (NYSE: AYI) are expected to come to $0.62 per share, on revenues of $468.51 million. In the same quarter of the previous year, the designer and maker of lighting systems fell short of consensus earnings per share (EPS) estimates when it posted $0.57 per share and $457.70 million in revenue.

The consensus EPS estimate for the second quarter has not changed in the past 60 days. But Acuity Brands missed earnings expectations in three of the past six quarters. The company is scheduled to share its results Wednesday before the markets open.

Cal-Maine Foods

For its third quarter of fiscal 2013, Mississippi-based egg producer Cal-Maine Foods (NASDAQ: CALM) is expected to post earnings of $1.40 per share, while revenues totaled $321.40 million. That would be up from EPS of $1.09 and $303.66 million in revenue the company reported in the same quarter of last year.

Here, the consensus EPS estimate has risen in the past 60 days from $1.33. Note though that analysts overestimated Cal-Maine's EPS in four of the past six quarters; the miss was by 33 percent in the second quarter. Look for the earnings report first thing Monday morning.

ConAgra Foods

Fiscal third-quarter earnings from this processed food giant are forecast to come to $0.56 per share in Wednesday morning's report. That that would be up about nine percent from the year-ago period. The consensus estimate has ticked up by a penny in the past 60 days. This Omaha-based company beat analysts' EPS expectations in the past five quarters.

Quarterly revenues are predicted to total $3.87 billion, which would be almost 15 percent higher year-over-year. And thus far, revenues and EPS are expected to be up sequentially and year-over-year in the current quarter.

Conn's

In its report Wednesday morning, Conn's (NASDAQ: CONN), a retailer of furnishings, appliances and electronics, is expected to say that its fourth-quarter earnings rose more than 39 percent from the year-ago period to $0.56 per share. The full-year estimate has EPS up about 58 percent to $1.65. Both EPS estimates are a nickel higher than they were 60 days ago.

Revenues from this Beaumont, Texas-based company are forecast to total $246.91 million for the quarter and $860.61 million for the fiscal year. Both estimates are more than eight percent higher than the year-ago sales results.

Global Payments

Global Payments (NYSE: GPN), an Atlanta-based company, is expected to report Tuesday afternoon that for its fiscal third quarter it saw a profit of $0.89 per share on $580.28 million in revenue. That would be up from the EPS of $0.83 and revenue of $533.54 million posted in the same period of the previous year.

This electronic payments transaction processing services provider topped analysts' expectations for earnings in only three of the past six quarters. But the beat in the second quarter was by almost seven percent. And so far, EPS and revenues are predicted to be up sequentially and year-over-year in the current quarter.

McCormick

This producer of seasonings and condiments is expected to say that for its first quarter of fiscal 2013 it had earnings of $0.56 per share. And $922.66 million in revenue is expected as well. That would be up marginally from the EPS and sales results in the same period of last year.

Analyst sentiment has slipped, as the consensus EPS estimate 60 days ago was $0.58. Per-share earnings fell short by more than two percent in the fourth quarter, the first quarterly miss since before the recession. McCormick is scheduled to report early Tuesday.

Monsanto

Per-share earnings of $2.58 per for the fiscal second quarter are anticipated when this agricultural chemicals giant shares its results Wednesday before the opening bell. That would be up year-over-year by more than 11 percent. Note that this St. Louis-based company exceeded the consensus EPS estimate by more than 67 percent back in the first quarter.

Revenues for the quarter are forecast to be about 11 percent higher than in the same period of last year. And for the current quarter, revenues and EPS are expected to have grown year-over-year.

Oxford Industries

Fourth-quarter fiscal 2012 earnings from apparel maker Oxford Industries (NYSE: OXM) are expected to have risen almost 13 percent to $0.70 per share , relative to a year ago. Full-year EPS are estimated at $2.66, which would be up more than nine percent from a year ago. Both consensus estimates are unchanged over the past 60 days.

Revenues are predicted to come in at $228.64 million for the quarter and $847.75 million for the year. That would be up year-over-year more than 14 percent and more than 11 percent, respectively. Look for the quarterly report Tuesday after the closing bell.

 

Related Articles (AYI + CAG)

View Comments and Join the Discussion!

Posted-In: acuity brands conagra foods Conn's global payments mccormickEarnings Previews Trading Ideas Best of Benzinga