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Earnings Expectations For The Week Of September 1

Earnings Expectations For The Week Of September 1

It will be another quiet week on the earnings front in the wake of the Labor Day holiday. Among the most prominent quarterly reports due, Ciena (NYSE: CIEN), Finisar (NASDAQ: FNSR), Hovnanian (NYSE: HOV) and Toll Brothers (NYSE: TOL) are expected to show some earnings growth.

Analysts also are looking for an earnings decline from Quiksilver (NYSE: ZQK) and a seasonal net loss from H&R Block (NYSE: HRB).


The fiscal third-quarter forecast for this communications and networking equipment maker calls for earnings per share (EPS) to have grown from $0.23 in the year-ago period to $0.29 in Thursday morning's report. Revenues are expected to have risen more than 11 percent to $600.81 million.

Note that the consensus EPS estimate has ticked up by a penny in the past 60 days, but the company topped consensus EPS expectations by more than 30 percent in the previous two quarters. So far, the consensus forecast for the full year has revenue up less than 12 percent and EPS about 43 percent higher.

See also: MKM Partners Reiterates On Ciena


The forecast for this networking and telecommunications products maker calls for earnings of $0.32 per share and for revenue to come to $328.66 million for the most recent quarter. In the year-ago period, Finisar posted earnings of $0.31 per share and sales totaled $266.07 million.

Though analysts underestimated EPS by more than 5 percent in the previous quarter, the consensus estimate for the period that ended in July has not changed in the past 60 days. Look for the company to share its latest results Thursday after the closing bell.

H&R Block

Analysts expect this Kansas City-based tax preparer to say that it had a net loss of $0.40 per share in its fiscal first quarter. That would be the same as in the year-ago period. And revenues are forecast to have risen from $127.20 million a year ago to $130.18 million for the three months that ended in July.

H&R Block topped EPS estimates in the previous period by a penny, but net losses were greater than expected in the three periods before that. Still, the consensus EPS estimate for the most recent quarter has remained steady over the past 60 days. The company is scheduled to report Wednesday after the markets close.


When it shares its results early Thursday, this residential home builder is expected to say its earnings for the most recent quarter increased to $0.09 per share from a year-ago profit of $0.06 per share. Note though that the individual estimates range widely, from $0.02 to $0.15 per share.

The consensus forecast also calls for fiscal third-quarter revenues to total $559.47 million. That would be about 17 percent higher than a year ago. Analysts thus far are looking for about an 8 percent gain in revenue for the current quarter as well as almost 9 percent for the full year.


In its report late Thursday, this maker of casual and outdoor apparel is expected to report that its EPS decreased from $0.10 in the year-ago quarter to $0.03 for the three months that ended in July. At least one analyst predicts of net loss of $0.03 per share, which would be less than the losses in the previous three periods.

Revenues for the fiscal third quarter are predicted to have retreated about 11 percent to $440.64 million, relative to the same period of last year. So far the consensus forecast has revenue down about 5 percent in the current quarter, along with a small per-share net loss.

See also: Toll Brothers, Hovnanian Upcoming Q3 Margins Eyed By MKM Partners

Toll Brothers

This builder of luxury homes and golf courses is expected to report a profit of $0.45 per share in Wednesday morning's report. That would be up more than 42 percent from the same period of last year. Note that analysts underestimated its EPS by double-digit percentages in the previous three quarters.

The company also is expected to say that revenues gained more than 43 percent from a year ago to $986.87 million for the fiscal third quarter. In addition, so far, sequential and year-on-year growth on both the top and bottom lines is predicted for the current quarter.

And Others

Others expected to report earnings gains this week include apparel maker PVH and electronic payment system maker VeriFone Systems. Analysts are looking for a year-over-year earnings decline from mining equipment maker Joy Global as well as a narrower net loss from truck maker Navistar.

In the following week, keep a look out for results from Barnes & Noble, Campbell Soup, Kroger, Lululemon Athletica and others.

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