Earnings Expectations For The Week Of February 17: Coca-Cola, Hewlett-Packard, Wal-Mart & More
The earnings season is winding down, but on the docket this week are Coca-Cola (NYSE: KO), Groupon (NASDAQ: GRPN), Hewlett-Packard (NYSE: HPQ), MGM Resorts (NYSE: MGM), Tesla Motors (NASDAQ: TSLA) and others.
Later in the week, the parade of quarterly reports from big retailers kicks off with earnings from Wal-Mart (NYSE: WMT). Other big retailers, including Best Buy, Home Depot and Target, step into the earnings spotlight the following week.
Here is a quick look at what analysts expect from some of this week's most anticipated quarterly reports.
In its report early Tuesday, this iconic beverage company is expected to post per-share earnings of $0.46 for its most recent quarter, barely up from a profit of $0.44 per share in the year-ago period. Full-year earnings per share (EPS) are forecast to be more than three percent higher year-on-year to $2.08.
Revenues are predicted to have slipped less than two percent to $11.31 billion for the quarter and to $47.24 billion for the full year. So far, revenue is expected to be essentially flat for the current quarter and up almost three percent for the current year.
The forecast for this online marketplace calls for EPS of $0.02 and for revenue to total $718.04 million for the fourth quarter. That would compare to a net loss of $0.01 per share and $638.30 million in sales in the year-ago period.
For the full year, the consensus estimates are $0.09 per share in earnings and sales of $2.52 billion. That would be down more than 30 percent and more than eight percent, respectively, relative the previous year. Groupon is scheduled to share its results Thursday after the markets close.
Analysts expect Hewlett-Packard to post earnings of $0.84 per share for its fiscal first quarter, up from $0.82 per share a year ago. Also, revenues for the quarter are estimated to total $27.19 billion, which would be about four percent lower than a year ago. Note that Hewlett-Packard has not fallen short of consensus EPS estimates in the past four quarters.
So far, analysts expect a two percent gain in EPS in the current quarter, but a more than two percent decline in revenue. Look for the Palo Alto, California-based maker of PCs and printers to share its results Thursday after the closing bell.
When it shares its results Wednesday morning, this Las-Vegas-based company is expected to say its net loss for the fourth quarter narrowed from $0.23 per share a year ago to $0.01. For the full-year, the net loss is expected to be $0.22 per share, compared to a per-share loss of $0.69 in the previous year.
The forecast also calls for a year-over-year gain in quarterly revenues of more than seven percent to $2.46 billion, and for full-year revenue to have risen more than six percent to $9.76 billion. In addition, analysts thus far are looking for more than seven percent growth in revenue for the current quarter, as well as a per-share profit.
Fourth-quarter earnings from the Elon Musk's luxury electric car maker are expected to come to $0.19 per share, on $663.32 million in revenue, in Wednesday's report. That would be a big improvement over the net loss of $0.65 and sales of $306.33 million in the same period of the previous year.
The full-year forecast is also impressive, with a swing to EPS to $0.62 from a year-ago net loss of $3.20 per share, as well as revenue growth of about 476 percent to $2.38 billion. So far, sequentially higher revenue and EPS are predicted from the current quarter, relative to the year-ago period.
In its Thursday morning report, the world's largest retailer is expected to show a profit of $1.60 per share for the quarter and $5.12 for the full year. That would compare with EPS of $1.67 and $5.02, respectively, year over year. Note that in the past 60 days, the quarterly EPS estimate has dropped by six cents while the 2013 one has fallen by a nickel.
Walmart also is expected to say that revenues rose about two percent to $130.49 billion for the quarter and grew less than two percent to $477.26 billion for the full year. So far, revenue and earnings results for the current quarter are expected to be lower than in the fourth quarter, which included the holiday shopping season.
See also: Bad Earnings Weigh In On Diet Stocks
Analysts also are looking for earnings growth this week from Analog Devices, Devon Energy, Duke Energy, Express Scripts, Health Care REIT, Herbalife, Marvell Technology, Nu Skin Enterprises, Priceline.com, SunEdison and Waste Management.
DirecTV, Dish Network, Marriott International, Medtronic, Newmont Mining, Nordstrom and Safeway are expected to show a year-over-year decline in their per-share earnings.
The following week, quarterly reports are due from retailers Abercrombie & Fitch, Dollar Tree Stores, J.C. Penney, Kohl's, Lowe's, Macy's, Office Depot, TJX Companies and others.
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