Earnings Expectations for the Week of June 10

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Things will be quiet on the earnings front again this week, with H&R Block and PVH the only S&P 500 members on the schedule. Here is a quick look at the expectations for those results, as well as from Navistar, Lululemon Athletica, Smithfield Foods and some of the week's other most prominent quarterly reports.
See also:Weekly Preview: Retail Sales, Lululemon Earnings to Drive MarketsH&R Block
In its report late Wednesday,
H&R BlockHRB
is expected to post fiscal fourth-quarter earnings that were more than 21 percent higher than in the year-ago period to $2.61 per share. Full-year earnings per share (EPS) from this tax preparation company are forecast to be up about 21 percent to $1.62. Revenues from this Kansas City-based company are forecast to total $2.27 billion for the most recent quarter and $2.96 billion for the fiscal year. That would be up more than 13 percent and more than two percent, respectively.
Navistar International
Fiscal second-quarter earnings from
Navistar InternationalNAV
are forecast to come to -$1.13 per share in Monday's report. That compares to a net loss of $1.99 per share in the year-ago period. This maker of trucks, buses and recreational vehicles missed analysts' EPS expectations in two of the past four quarters. Quarterly revenues are predicted to total $2.88 billion, which would be a more than 12 percent decline relative to a year ago. And thus far, declining revenues and a deeper than a year ago net loss are expected in the current quarter as well.
Smithfield Foods
Smithfield, Virginia-based meat producer
Smithfield FoodsSFD
is expected to say that earnings came to $0.43 per share, the same as in the year-ago period, while revenues were up almost two percent to $3.27 billion for its fourth quarter of fiscal 2013. The full year forecast calls for $2.00 EPS on $13.17 billion in revenue. That would compare to $2.59 per share on revenue of $13.09 billion in the previous year. Note that both consensus EPS estimates have slipped over the past 60 days. Look for the earnings report Friday morning.
Lululemon Athletica
First-quarter fiscal 2013 earnings from
Lululemon AthleticaLULU
are expected to be $0.30 per share, on revenues of $341.07 million. In the same quarter of the previous year, this Canadian athletic apparel company topped consensus EPS estimates when it posted $0.32 on sales of $285.70 million. Lululemon Athletica exceeded analysts' expectations for earnings in each of the past four quarters, though only by a penny in the most recent quarter. And so far, EPS and revenue results are predicted to similar in the current quarter. The release is scheduled for Monday after the markets close. Apparel makers
Oxford IndustriesOXM
and
PVHPVH
also are scheduled to report their first-quarter results this week. The forecast for the former calls for a more than 30 percent year-over-year earnings decline but marginal revenue growth. The latter is expected to report earnings growth of less than four percent, but with revenue up about 34 percent.
LDK SolarLDK SolarLDK
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, a Chinese producer of photovoltaic products and developer of power plant projects, is expected to report Tuesday before the opening bell that for its fiscal first quarter it saw a net loss of $0.96 per share and a mere $97.20 million in revenue. In the same period of the previous year, it reported a net loss of $1.46 per share, while revenue totaled $200.10 million. LDK Solar fell short of analysts' expectations for earnings in three of the past four quarters. The miss in the most recent quarter was by a whopping 252 percent. So far, a narrower net loss but declining revenue results are predicted for the current quarter as well.
Ulta Salon, Cosmetics and Fragrance
In its Tuesday afternoon report,
Ulta SalonULTA
is expected to report that fiscal first-quarter EPS rose from $0.54 a year ago to $0.62. That consensus estimate is the same as it was 60 days ago, but analysts underestimated its EPS in the previous four quarters. Revenues from this suburban Chicago-based company are forecast to total $576.30 million for the most recent quarter. That would be up more than 21 percent year-over-year. So far, revenue is predicted to be more than 22 percent higher in the current quarter and more than 20 percent for the full year.
Men's Wearhouse
Fiscal first-quarter earnings from
Men's WearhouseMW
are forecast to be $0.55 per share in Wednesday's report. That that would be up more than five percent from the year-ago period. That consensus estimate is unchanged from 60 days ago. But note that this Houston-based specialty retailer fell short analysts' EPS expectations in three of the past four quarters. Revenues are expected to total $604.74 million for the first quarter, which would be about three percent higher relative to a year ago. And thus far, revenues and EPS are expected to have grown year-over-year in the current quarter as well.
Coming Up
The following week, keep an eye out for quarterly reports from
Darden RestaurantsDRI
,
FedExFDX
,
KrogerKR
,
OracleORCL
and more.
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Posted In: EarningsPreviewsTrading IdeasDarden RestaurantsfedexH&R BlockKrogerldk solarLululemon AthleticaMen's Wearhousenavistar internationalOracleoxford industriesPVHSmithfield Foodsulta salon
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