Earnings Expectations For The Week Of November 18: More Retailers On Deck

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The focus is on retail as the as the crucial holiday shopping season is set to get underway. Last week,
WalmartWMT
and
Kohl'sKSS
offered weak third-quarter results, while
Macy'sM
and
NordstromJWN
turned in earnings beats. Plenty more retailers are on deck this week, including big-box chain operators
Best BuyBBY
,
Home DepotHD
and
TargetTGT
. Analysts are looking for growth on the top and bottom lines from Home Depot, but declining earnings per share (EPS) from Target and declining revenue from Best Buy, relative to a year ago. Below is a quick look at what analysts expect from some of this week's most prominent reports from retailers.
Abercrombie & Fitch
Analysts expect the hip apparel retailer to say that its per-share earnings fell almost 56 percent year-over-year to $0.45 in the fiscal third quarter. Also, revenues for the quarter are estimated to be more than nine percent lower to total $1.06 billion. Note that
Abercrombie & FitchANF
missed consensus EPS estimates in the previous two quarters by 50 percent or more. However, the estimate for the third quarter has inched up two cents in the past 30 days. Look for the report Thursday morning before the opening bell.
Best Buy
In its report early Tuesday, this consumer electronics superstore operator is expected to post third-quarter earnings that were more than 63 percent higher than in the year-ago period, to $0.11 per share. Analysts seem certain, as the consensus EPS estimate is unchanged in the past 60 days. However, revenues for the quarter are predicted to have fallen about 13 percent year-over-year to $9.36 billion. Looking ahead, revenues for the current quarter are so far expected to have declined more than 10 percent, as well as more than 13 percent for the full fiscal year.
See also:Best Buy Earnings Preview: Is The Turnaround Real?Home Depot
The fiscal third-quarter forecast for America's largest home improvement store chain calls for EPS of $0.89 and for revenues to total $19.17 billion. That would be up from a profit of $0.74 per share and $18.13 billion in sales in the year-ago period. Note though that the consensus EPS estimates has slipped by a penny in the past 60 days. For the current quarter, which includes most of the holiday shopping season, sequential growth in EPS is expected, but revenues are predicted to be marginally lower than a year ago. The company is scheduled to share its results Tuesday before the markets open.
See also:Home Depot Earnings Preview: Keeping Ahead Of Lowe's?J.C. Penney
This struggling department store operator is forecast to report a net loss of $1.72 per share in its Wednesday morning's report. That would be deeper than the $0.93 per share net loss in the year-ago period. Note that net losses were much larger than predicted in the previous four quarters.
J.C. PenneyJCP
also is expected to say that revenues totaled $2.80 billion in the third quarter, which would be lower than a year ago by more than four percent. So far, a marginal revenue increase and a narrower net loss are forecast for the current quarter.
Target
Third-quarter earnings from this Minneapolis-based retailer are expected to come to $0.63 per share on $17.37 billion in revenue in Thursday's report. In the same period of the previous year, the company reported $0.81 per share on sales of $16.93 billion. Note that the company narrowly missed EPS expectations in two of the past four quarters. And the consensus estimate for the most recent quarter has ticked down by a penny over the past 60 days. So far, a modest decline in both EPS and revenue is forecast for the current quarter.
And Others
Other retails predicted to report year-over-year earnings growth this week include
ANNANN
,
BuckleBKE
,
Dollar TreeDLTR
,
Foot LockerFL
,
Fresh MarketTFM
,
GameStopGME
,
Gap
GPS
,
L BrandsLTD
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,
Lowe'sLOW
,
PetSmartPETM
,
Ross StoresROST
,
TJX CompaniesTJX
,
Urban OutfittersURBN
and
Williams-SonomaWSM
. Earnings declines are forecast for
Dick's Sporting GoodsDKS
,
Hibbett SportsHIBB
and
StaplesSPLS
. Other companies likely to report year-over-year earnings growth this week include
ADTADT
,
DeereDE
,
Green Mountain Coffee RoastersGMCR
,
MedtronicMDT
,
Pandora MediaP
,
Salesforce.comCRM
and
Tyson FoodsTSN
.
Campbell SoupCPB
is expected to say per-share earnings declined from a year ago. Analysts are looking for deeper net loss from
IntuitINTU
.
See also:Weekly Preview: PMI Data In Focus
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EPS Surprise
Actual Rev
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Posted In: EarningsNewsPreviewsTrading Ideasabercrombie & fitchADTannbest buyBucklecampbell soupDeeredick's sporting goodsDollar Treefoot lockerFresh MarketgamestopGAPgreen mountain coffee roastershibbett sportshome depotintuitJ.C. Penneykohl'sL BrandsLowe'smacy'sMedtronicNordstromPandora MediaPetSmartRoss StoresSalesforce.comStaplesTargetTJX CompaniesTyson FoodsUrban OutfittersWalmartWilliams-Sonoma
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