This looks to be another quiet week on the earnings front,
while attention is on questions such as whether the United States
will take action in Syria and when the Federal Reserve will begin
tapering its quantitative easing efforts.
But Kroger (NYSE:
) and Lululemon Athletica (NYSE:
) will be stepping into the earnings spotlight.
Others on deck include Hovnanian Enterprises (NYSE:
), Men's Wearhouse (NYSE:
), PVH (NYSE:
) and Ulta Beauty (NYSE:
). Here is a quick look at analysts' expectations from the week's
most prominent quarterly reports.
Weekly Preview: Japan And China Take Center
Stage; Syria Still In Focus
Analysts expect one of the largest U.S. home builders to say
that per-share earnings fell about 72 percent year-over-year to
$0.07 in the fiscal third quarter. However, revenues for the
quarter are estimated to be about 30 percent higher to total
Note that this consensus EPS estimate has remained steady over
the past 60 days. The Red Bank, New Jersey-based company showed a
surprise profit in the second-quarter report. The company is
scheduled to share its results early Monday morning.
The largest purely grocery store operator in the United States
is expected to report earnings of $0.60 per share for its fiscal
second quarter. That would be up from EPS of $0.51 in the
year-ago period. Revenues for the quarter are estimated to be
more than four percent higher to $22.67 billion.
Here too the consensus EPS estimate is the same as it was 60
days ago, though this Cincinnati-based company topped earnings
expectations in the previous four quarters. For the current
quarter, analysts so far expect similar year-over-year growth in
both EPS and sales. Look for the earnings report Thursday before
the opening bell.
In its report early Thursday, this yoga-inspired athletic
apparel company is expected to post fiscal second-quarter
earnings that were four cents per share lower than in the
year-ago period, or $0.35. Again the analysts seem confident, as
their consensus EPS estimate is unchanged over the past 60 days.
Lululemon Athletica exceeded EPS expectations in the past four
Revenues from the Canadian company are predicted to total
$343.10 million for the most recent quarter. That would be more
than 21 percent higher than a year ago. So far, revenue and EPS
for the current quarter are expected to be higher, both
sequentially and year-over-year.
The Mother Of All Earnings Lotto Tickets --
This Houston-based retailer of men's dress clothes is expected
to say Wednesday after the markets close that for its fiscal
second quarter it had $1.14 EPS and $671.04 million in revenue.
In the same period of the previous year, it reported a profit of
$1.15 per share on $662.30 million in revenue.
Men's Wearhouse exceeded analysts' EPS expectations by more
than 18 percent in the first quarter, but fell short in the
previous two periods. The consensus EPS estimate for the most
recent quarter slipped by a penny in the past 60 days. So far,
modest annual growth of EPS and revenue is forecast for the
The fiscal second-quarter forecast for the world's largest
shirt maker calls for per-share earnings of $1.37 and $1.89
billion in revenues. In the same quarter of the previous year,
PVH beat consensus earnings estimates when it posted $1.25 per
share and sales of $1.34 billion.
The consensus EPS estimate for the second quarter is the same
as it was 60 days ago. Note that the positive earnings surprise
in the first quarter was by more than 41 percent. Look for the
PVH's report Monday after the markets close.
Fiscal second-quarter earnings from this operator of big-box
cosmetics stores and salons are forecast to come to $0.67 per
share in Thursday afternoon's report. That would be up from $0.54
per share in the year-ago period. Ulta Beauty beat consensus EPS
estimates in the previous four quarters.
Based in the Chicago area, this company is expected to say
that revenues totaled $588.37 million in the second quarter,
which would be higher than a year ago by more than 22 percent.
Also, so far revenue and EPS for the current quarter are expected
to be up both sequentially and year-over-year.
Other companies predicted to report year-over-year earnings
growth this week include Analogic (NASDAQ:
), Casey's General Stores (NASDAQ:
) and Oxford Industries (NYSE:
But earnings declines are expected from Accretive Health
) and Vera Bradley (NASDAQ:
), while analysts are looking for a net loss from China Sunenergy
The following week, look for quarterly reports from FedEx
), General Mills (NYSE:
), Oracle (NYSE:
) and others.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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