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Earnings Expectations For The Week Of December 9

Earnings Expectations For The Week Of December 9

Quarterly reports from Adobe Systems (NASDAQ: ADBE), Costco Wholesale (NASDAQ: COST), H&R Block (NYSE: HRB), Lululemon Athletica (NASDAQ: LULU) and Toll Brothers (NYSE: TOL) will be among the highlights on the earnings front this week.

Below is a quick look at what analysts expect from some of this week's most prominent quarterly reports.

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Adobe Systems

In its report late Thursday, this diversified software company is expected to post per-share earnings of $0.32 for its fiscal four quarter, down from $0.61 per share in the year-ago period. Full-year earnings per share (EPS) are forecast to have declined more than 42 percent to $1.35. Both EPS forecasts are unchanged in the past 60 days.

Revenues for the quarter are predicted to have fallen less than 11 percent year-over-year to $1.03 billion. Analysts are looking for fiscal year revenue to be near eight percent lower than in the previous year to $4.05 billion. Looking ahead to the current quarter, revenue is so far expected to be up marginally.

Costco Wholesale

This membership warehouse operator is forecast to report earnings of $1.03 per share in Wednesday morning's report. That would be up from the $0.95 per share in the year-ago period. Note that the company fell short of consensus EPS expectations in the previous quarter, after three periods of earnings beats.

The company also is expected to say that revenues totaled $25.35 billion in the fiscal first quarter, which would be higher than a year ago by almost seven percent. So far, sales and earnings results for the current quarter are expected to be higher sequentially and year-over-year.

H&R Block

Analysts expect this Kansas City-based tax preparer to post earnings results that were the same as a year ago, or a seasonal net loss of $0.37 for the fiscal second quarter. Also, revenues for the quarter are estimated to be $137.84 million, which would be about the same as last year as well.

Note that H&R Block fell short of consensus EPS expectations in the previous three quarters. However, analysts seem confident, as the EPS estimate for the second quarter has remained unchanged over the past 60 days. Look for the company to share its results Thursday after the closing bell.

Lululemon Athletica

Fiscal third-quarter earnings from this maker of athletic apparel and accessories are expected to come to $0.41 per share on $376.15 million in revenue in Thursday morning's report. In the same period of the previous year, the company reported $0.39 per share and sales of $316.54 million.

However, Lululemon exceeded consensus EPS expectations in the previous four quarters -- by more than 11 percent in the second quarter. The consensus estimate for the most recent quarter is the same as it was 60 days ago. So far, sequential and year-over-year growth in EPS and revenue is forecast for the current quarter.

Toll Brothers

The forecast for this homebuilder calls for EPS of $0.43 and for revenues to total $992.27 million for the fiscal fourth quarter. But that would compare to $2.35 per share and $632.83 million in sales in the year-ago period. Note that the analysts had forecast a profit of only $0.39 per share for the quarter just 30 days ago.

For the fiscal year, analysts are looking for EPS to have declined more than 70 percent to $0.85, while revenue rose more than 39 percent to $2.63 billion, relative to the previous year. The Pennsylvania-based company is scheduled to share its results Tuesday before the markets open.

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And Others

Analysts also are looking for earnings growth this week from Ciena (NASDAQ: CIEN) and Restoration Hardware (NYSE: HR).

But Joy Global (NYSE: JOY), Men's Wearhouse (NYSE: MW), PVH (NYSE: PVH), Smith & Wesson (NASDAQ: SWHC) and Quiksilver (NYSE: ZQK) are expected to show a year-over-year decline in per-share earnings.

The forecast for Avanir Pharmaceuticals (NASDAQ: AVNR) calls for another net loss in the most recent quarter.

Coming up in the following week, look for quarterly results from BlackBerry, Carnival, FedEx, General Mills, Nike, Oracle, Rite Aid, Walgreen and more.

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