Earnings Expectations for the Week of August 6

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Analysts on average expect to see per-share earnings that are less than a year ago when Dish Network
DISH
, MGM Resorts
MGM
, Molson Coors
TAP
, News Corp.
NWSA
, Sotheby's
BID
and Sirius XM Radio
SIRI
share their quarterly results this week. But it is retail earnings that will be the focus, with second-quarter results due from the following prominent department store operators.
Macy's
In its Wednesday report, earnings from Cincinnati-based Macy's
M
are expected to come to $0.64 per share for the second quarter. That compares to $0.55 a share in the same period of last year. The stock had a consensus EPS estimate of $0.65 a month ago. In the previous quarter, Macy's exceeded consensus estimates by three cents per share, or 7.5 percent year-over-year. Second-quarter revenues are expected to total about $6.1 billion, which would be around 3 percent higher than a year ago. The company just announced better-than-expected same-store sales in July, and it is looking to build on four-straight revenue increases.
Kohl's
This department store operator is expected to say Thursday that for its second quarter it had a profit of $0.96 per share. That would be down from the $1.08 per share that Kohl's
KSS
reported in the same period a year ago. Its per-share earnings have not fallen short of consensus estimates in the past four quarters -- the earnings beat in the first quarter was by a couple of pennies per share. And analysts on average expect revenues to total $4.2 billion, which is about the same as in the year-ago quarter. Kohl's said last week that its same-store sales rose 1.7 percent in July, but were down 2.7 percent for the quarter.
See also:Retail Stocks Scooped Up Despite Scary HeadlinesNordstrom
Second-quarter 2012 earnings for Seattle-based upscale retailer Nordstrom
JWN
are forecast to come to $0.74 per share, while revenues totaled $3.0 billion. In the same quarter of last year, the company beat EPS estimates when it posted $0.80 per share and $2.7 billion in sales. Note that Nordstrom fell short of analysts' estimates in the first quarter, its first miss in seven quarters. But it posted better-than-expected same-store sales for July, boosted by strength from its Nordstrom Rack discount stores. Nordstrom reports second-quarter results Thursday afternoon.
JCPenney
Analysts predict that struggling retailer JCPenney
JCP
will say Friday that it saw a net loss of $0.22 per share in the second quarter, as it continues to suffer from competition from the likes of Walmart
WMT
, Target
TGT
and Amazon.com
AMZN
. The consensus estimate has dropped in the past 60 days from a loss of $0.13 per share. Revenues for the quarter are forecast to have fallen 17.5 percent from a year ago to $3.2 billion. Fitch downgraded the stock last week, citing concerns about revenue heading into the back-to-school and holiday shopping seasons.
See also:
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JC Penney Strives to Bring Customers BackAnd Others Retailers
Among other retailers scheduled to post results this week, analysts are looking for year-over-year earnings and revenue growth from CVS Caremark
CVS
and Vitamin Shoppe
VSI
. But Advance Auto Parts
AAP
, Pantry
PTRY
and TravelCenters of America
TA
are expected to report a decline in earnings. And a net loss is anticipated from Office Depot
ODP
. Walt Disney
DIS
, Ralph Lauren
RL
and Fossil
FOSL
all have retail segments. Disney is expected to announce Tuesday after the markets close that overall EPS for the fiscal third quarter rose 16.1 percent from a year ago to $0.93 and revenue was 5.9 percent higher to $11.3 billion. However, Fossil and Ralph Lauren earnings are projected to have declined year-over-year. Priceline.com's
PCLN
EPS are predicted to be 25.5 percent higher than a year ago. The largest retailer in the world, Walmart, is scheduled to share its quarterly results the following week. Also look for reports from retailers Abercrombie & Fitch
ANF
, Home Depot
HD
, Sears Holding
SHLD
Target and many others that week.
See also:A Look Ahead: Next Week's ETFs to Watch
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Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsLong IdeasShort IdeasPreviewsTrading Ideasabercrombie & fitchadvance auto partsAmazonAmazon.comand Sirius XM RadioConsumer DiscretionaryCVScvs caremarkDepartment StoresDish NetworkdisneyFossilhome depotjc penneyjcpenneykohl'smacy'smgm resortsmolson coorsNews Corp.NordstromOffice DepotPantrypriceline.comRalph LaurensearsSotheby'sTargetTravelCenters of Americavitamin shoppeWal-MartWalmartwalt disney
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