Market Overview

Earnings Outlook For Michaels Companies

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Michaels Companies (NASDAQ: MIK) unveils its next round of earnings this Thursday, September 03. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Wall Street expects an EPS loss of $0.09 and sales around $1.03 billion. In the same quarter last year, Michaels Companies reported EPS of $0.19 on revenue of $1.03 billion. The Wall Street estimate would represent a 147.37% decline in the company's earnings per share. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.13 1.25 0.49 0.14
EPS Actual -0.43 1.26 0.40 0.19
Revenue Estimate 1.01 B 1.72 B 1.26 B 1.02 B
Revenue Actual 799.89 M 1.72 B 1.22 B 1.03 B

Stock Performance

Over the last 52-week period, shares are up 57.27%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Michaels Companies is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10147030

 

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