Earnings Expectations for the Week of May 20

The start of the retail earnings season last week was a mixed bag. Quarterly results from
WalmartWMT
,
Kohl'sKSS
and
NordstromJWN
ranged from so-so to disappointing, while
J.C. PenneyJCP
posted a larger-than-expected net loss.
Macy'sM
was the standout, with relatively strong first-quarter results. There are plenty more on the retail earnings front this week. On Tuesday,
Home DepotHD
is scheduled to report before the opening bell, while rival
Lowe's CompaniesLOW
shares its results Wednesday before the markets open. They both are projected to report per-share earnings more than 13 percent, relative to a year ago, to $0.77 for Home Depot and $0.51 for Lowe's. First-quarter revenue for the former is expected to be up about five percent year-over-year to $18.69 billion, while that of the latter crept up more than two percent to $13.45 billion. First-quarter fiscal 2014 earnings from
Best BuyBBY
are expected to come to $0.25 per share, on revenues of $10.64 billion. But in the same quarter of the previous year, the consumer electronics retailer posted $0.72 EPS and sales of $11.61 billion. The consensus EPS estimate for the quarter has ticked up a penny in the past 60 days, but Best Buy earnings fell well short of expectations in two of the past three quarters. The company is scheduled to share its results early Tuesday. Other specialty retailers expected to report earnings declines this week include
Advance Auto PartsAAP
,
America's Car-MartCRMT
,
GameStopGME
and
StaplesSPLS
. Analysts are looking for earnings growth from
AutoZoneAZO
,
Dick's Sporting GoodsDKS
,
Foot LockerFL
,
Hibbett SportsHIBB
,
PetSmartPETM
and
Williams-SonomaWSM
. First-quarter earnings from
TargetTGT
are forecast to come to $0.87 per share in Wednesday morning's report. That that would be down more than 16 percent from the year-ago period, and note that 60 days ago the consensus estimate was $0.96. Quarterly revenues are predicted to total $16.82 billion, which would be marginally lower year-over-year. For its first quarter of 2013,
Abercrombie & FitchANF
is expected to post a net loss of $0.05 per share, while revenues totaled $941.66 million. That compares to a net loss of $0.25 and $921.22 million in revenue the company reported in the same quarter of last year. Abercrombie had better-than-expected per-share profits in the previous three quarters. Look for the earnings report Friday morning. Other apparel retailers expected to report net losses this week include
AeropostaleARO
,
Bon-Ton StoresBONT
,
New York & CompanyNWY
and
Pacific Sunwear of CaliforniaPSUN
. The
GapGPS
is expected to report Thursday afternoon that for its first quarter it saw a profit of $0.69 per share on $3.68 billion in revenue. That would be up from EPS of $0.47 and revenue of $3.49 billion in the same period of the previous year. And note that 60 days ago that EPS estimate was only $0.56. Analysts are also predicting year-over-year earnings growth from
BuckleBKE
,
L BrandsLTD
and
Urban OutfittersURBN
when they report this week. EPS from
SaksSKS
are expected to be the same as a year ago, while those from
CatoCATO
,
Citi TrendsCTRN
and
Children's Place
PLCE
and anticipated to have declined. In its report early Thursday,
Dollar TreeDLTR
is predicted to say that its first-quarter earnings rose more than 12 percent from the year-ago period to $0.57 per share. That consensus EPS estimate has not changed in the past 60 days. This discount retailer's revenues for the quarter are forecast to total $1.87 billion, or more than eight percent higher year-over-year. Earnings growth is also anticipated from this week's quarterly reports from discount retailers
Ross StoresROST
,
Stein MartSMRT
and
TJX CompaniesTJX
. But
Gordmans StoresGMAN
and
Kirkland'sKIRK
are expected to say their EPS declined by at least half. Aside from retail, the highlight this week may be the fiscal second-quarter report from
Hewlett-PackardHPQ
. The consensus forecast calls for $0.81 per share and revenues of $28.08 billion. That would be down from the $0.98 EPS and sales of $30.69 billion it posted in the same quarter of the previous year. HP is scheduled to share its results late Wednesday.
Analog DevicesADI
is also expected to post an earnings decline this week, while earnings growth is anticipated from
IntuitINTU
and
NetAppNTAP
. And analysts expect EPS from
Campbell SoupCPB
and
Hormel FoodsHRL
to be about the same as in the year-ago period, but with some growth in revenues.
Posted In: abercrombie & fitchadvance auto partsAeropostaleAmerica's Car-Martanalog devicesAutoZonebest buyBon-Ton StoresBucklecampbell soupCatoChildren's PlaceCiti Trendsdick's sporting goodsDollar Treefoot lockergamestopGAPGordmans Storeshewlett-packardhibbett sportshome depothormel foodsintuitJ.C. PenneyKirkland'skohl'sL BrandsLowe's Companiesmacy'sNetAppNew York & CompanyNordstromPacific Sunwear of CaliforniaPetSmartRoss StoresSaksStaplesStein MartTargetTJX CompaniesUrban OutfittersWalmartWilliams-SonomaEarningsLong IdeasShort IdeasPreviewsTrading Ideas