Earnings Expectations For The Week Of May 11

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As the
earnings
season begins to wind down, it is time for the big retailers to start sharing their most recent quarterly results. Consensus estimates from Wall Street analysts call for year-on-year earnings growth from
Macy's, Inc.M
, but for earnings declines from
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Kohl's CorporationKSS
and
Nordstrom, Inc.JWN
when they report this week. A smaller net loss is expected from
J C Penney Company IncJCP
. Another of the week's earnings highlights will be the report from
Cisco Systems, Inc.CSCO
, which will offer up solid results for its fiscal third quarter, if analysts are correct. Below is a quick look at what analysts are looking for from these results.
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Cisco

The consensus forecast from 53 Estimize estimates calls for earnings per share (EPS) of $0.54, compared to $0.51 per share in the year-ago period. Also, revenues for the three months that ended in April are expected to have risen more than 5 percent to about $12.11 million. In the past three quarters, Cisco exceeded Wall Street EPS estimates by a penny or two, and the analysts' expectations have not changed in the past 60 days. Look for Cisco to release its results Wednesday after the regular trading session concludes.

J.C. Penney

Some 19 estimates from Estimize suggest a net loss of $0.73 per share and revenue that totals $2.88 billion for the struggling retailer's fiscal first quarter when it reports Wednesday morning. That would compare to a $1.16 per-share net loss and revenue of $2.80 billion in the same period of last year. J.C. Penney managed a breakeven quarter in the previous period, which included the holiday shopping season, but reported net losses in the three quarters before that. So far, the net loss is expected to shrink in the current quarter, both sequentially and year over year.

Kohl's

This department store operator will report $0.61 per share earnings for its first quarter, says five Estimize estimates. That would be up from $0.60 in the year-ago period. Note that 22 Wall Street analysts expect only $0.55 per share, and they overestimated EPS in two of the past four quarters. Revenue for the three months that ended in April will be around 3 percent higher than a year ago to $4.19 billion, says Estimize. So far, Wall Street sees sequential and annual top line and bottom line growth for the current quarter. Look for Kohl's results before Thursday's opening bell.

Macy's

When it shares its results first thing Wednesday, this Cincinnati-based retailer is expected to say its earnings for the most recent quarter came in at $0.63 a share, according to 15 Estimize estimates. That would be up from $0.60 per share in the year-ago quarter. The Estimize forecast for Macy's also calls for revenue to be marginally higher than a year ago to $6.38 billion for the first quarter. Wall Street analysts are calling for $6.32 billion in revenue, which would be essentially flat compared to a year ago, and for revenue to flat in the current quarter as well.
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Nordstrom

In its report late Thursday, this Seattle-based retailer is expected to say that its EPS ticked up a penny to $0.73, based on eight Estimize estimates. Wall Street analysts are a bit more pessimistic, placing EPS at just $0.71 for the first quarter, though they underestimated EPS in the previous period. The Estimize forecast has revenues more than 8 percent higher to $3.22 billion for the most recent quarter. Looking ahead, Wall Street analysts thus far expect sequential and year-over-year growth on both the top and bottom lines in the current quarter.

And Others

Analysts also are looking for earnings growth this week from Actavis, Dean Foods and Dish Network, as well as earnings declines from King Digital, Precision Castparts and Symantec. Big retailers taking to the earnings stage in the following week include Gap, Home Depot, Lowe's, Staples, Target and, the largest of them all, Wal-Mart. Keep up with all the latest breaking news and trading ideas by following
Benzinga
on Twitter.
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Date
ticker
name
Actual EPS
EPS Surprise
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Posted In: EarningsNewsPreviewsTrading IdeasCisco SystemsConsumer DiscretionaryDepartment StoresEarnings ExpectationsJ.C. Penneykohl'smacy'sNordstrom
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