Can Oracle Or Jabil Circuit Offer Up An Earnings Surprise?
- The earnings season has wound down, so very few companies will be sharing quarterly results this week.
- However, two leading tech companies are expected to report their latest earnings.
- Wall Street analysts are looking for bottom-line growth from just one of them.
In what overall will be a very quiet week on the earnings front, the latest quarterly results from leading electronics manufacturer Jabil Circuit, Inc. (NYSE: JBL) and from enterprise software giant Oracle Corporation (NYSE: ORCL) will be among the scant highlights.
Wall Street analysts are looking for bottom-line growth, compared to a year ago, from only one of them, but for the top-line figures to have slipped in both cases. One of them has a better track record of exceeding expectations in recent quarters, though.
Below is a quick look at what analysts expect from these two reports, followed by a glance at some of the other most anticipated results out of the few earnings reports scheduled for the week.
Wall Street's consensus forecast for the St. Petersburg, Florida-based company calls for fiscal third-quarter earnings per share (EPS) to have tumbled more than 67 percent from a year ago to $0.16. EPS have exceeded expectations in only two of the past four quarters. The Estimize forecast also calls for $0.16 per share, which would be the lowest EPS in the past six quarters.
The estimate from a consensus of 14 Estimize respondents has revenue in the quarter totaling $4.28 billion, or down around 4 percent year-over-year. It is a bit more than Wall Street expectations and the midpoint of the range of company guidance. Jabil Circuit is scheduled to report its numbers after Wednesday's closing bell.
When this database and cloud leader shares its fiscal fourth-quarter results late on Thursday, the Wall Street forecast is that it will post EPS of $0.81, along with revenue of $10.46 billion. That would compare with the $0.78 per share and $10.71 billion reported in the same period of last year. EPS topped expectations by at least a penny in the previous three quarters.
The 88 Estimize survey respondents have similar expectations for the period: earnings of $0.81 per share on $10.52 billion in revenue. That would be the highest quarterly earnings in the past six quarters. But note that Estimize overestimated revenue in recent quarters.
Other companies that Wall Street analysts expect to show at least some earnings growth when they report this week include Kroger, Rite Aid, SAIC and Smith & Wesson. The consensus forecasts call for EPS at Finisar to be the same as in the year-ago period, as well as per-share earnings at Clarcor to be smaller than a year ago. A wider net loss is in the cards for Ctrip.com, if the analysts are correct.
The following week will be quiet on the earnings front as well, but keep an eye out for the latest quarterly numbers from Adobe Systems, BlackBerry and FedEx.
Disclosure: At the time of this writing, the author had no position in the mentioned equities.
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