The focus this week naturally will be on the presidential
election and the aftermath of Hurricane Sandy. But on the
earnings front, it is time for retailers to begin stepping into
the spotlight. Here is a peak at what analysts expect to see from
retailers for the period leading up to the holiday shopping
). The consensus forecast calls this Rhode Island-based drug
store operator to post third-quarter earnings of $0.84 per share,
up from $0.70 EPS in the year-ago period. That consensus estimate
is unchanged in the past 60 days. And analysts see revenue rising
more than 12 percent year-over-year to $30.09 billion. Look for
CVS's report Tuesday before the opening bell.
). Analysts on average anticipate this beleaguered retailer will
say Friday morning that it swung to a net loss of $0.05 per share
in the third quarter, compared with a profit of $0.11 per share a
year ago. Revenue is predicted to have fallen more than 17
percent to $3.29 billion. Note that the Texas-based department
store operator posted larger-than-expected net losses in the
previous two quarters.
). The fourth largest U.S. department store operator by sales is
expected to post $0.87 per share earnings and sales of $4.49
billion for the third quarter. That would be up from $0.80 per
share and $4.38 billion in revenue in the same period of last
year. Note that its EPS have not fallen short of consensus
estimates in the past five quarters. Kohl's is scheduled to share
its results Thursday morning.
). Analysts on average expect this Cincinnati-based department
store operator to report Wednesday morning that its per-share
earnings fell by about 10 percent to $0.29 and its revenue
totaled $6.07 billion, which would be up about three percent from
the third quarter of last year. Note that Macy's has exceeded
consensus EPS estimates in the past eight quarters.
). Third-quarter earnings from this Seattle-based fashion
retailer are expected to come to $0.72 per share, or about 18
percent higher year-over year. That EPS estimate is up from $0.70
in the past 90 days. Analysts are also looking for revenue to be
more than 17 percent higher to $2.80 billion. Nordstrom is on tap
to report Thursday after the closing bell.
Whole Foods Market
). The consensus forecast for the fiscal fourth quarter calls for
EPS growth of about 30 percent to $0.60 and sales up more than 23
percent to $2.91 billion. For the full year, analysts are looking
for EPS growth of more than 23 percent to $2.52 on revenue that
is more than 15 percent higher to $11.70 billion. Whole Foods
reports Wednesday afternoon.
Also, specialty retailers Office Depot (NYSE:
) and Office Max (NYSE:
) are due to report results this week, and analysts anticipate
their EPS will be about the same as a year ago. EPS from Advance
Auto Parts (NYSE:
) are expected to have declined year-over-year while sales were
Look for quarterly results from Abercrombie & Fitch (NYSE:
), Home Depot (NYSE:
), Target (NYSE:
), Walmart (NYSE:
) and more retailers the following week.
Other prominent earnings reports due this week include the
On Monday, analysts expect that EPS from Express Scripts
) and Time Warner Cable (NYSE:
) will be more than 20 percent higher than a year ago.
) and News Corp. (NASDAQ:
) report Tuesday, and they are expected to offer up double-digit
percentage growth in EPS as well.
Mondelēz International (NASDAQ:
) and Kraft Foods (NASDAQ:
) are on tap Wednesday, their first quarterly reports since the
company was split up. Media companies CBS (NYSE:
) and Time Warner (NYSE:
) are expected to show year-over-year EPS growth, though revenue
for the latter is predicted to have slipped. Brewer Molson Coors
) is expected to report strong revenue growth.
On Thursday, look for earnings reports from Lions Gate
) and Walt Disney (NYSE:
). The consensus forecasts call for the former to have swung to a
profit from a year-ago loss, and for EPS and revenue growth for
both the fiscal fourth quarter and the full year from the
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