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Earnings In Focus Today: AVGO, CMTL, FRED, HRB, LULU


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(RTTNews.com) - What's in store for these stocks that are scheduled to release quarterly financial results on Wednesday, December 6, 2017?


* Strong wireless growth to fuel Broadcom's Q4
* Analysts expect bigger Q1 loss from CMTL
* FRED needs a miracle
* Brand power to benefit LULU's Q3
* HRB distributes 47.6% of earnings as dividends

Strong wireless growth is expected to accelerate Broadcom Ltd.'s ( AVGO ) Q4 results, which is scheduled to be released today after market close. Analysts polled by Thomson Reuters estimate earnings of $4.52 per share on revenue of $4.83 billion for the quarter. Last year, Broadcom reported Q4 net loss of $632 million or $1.59 per share on revenue of $4.14 billion. Most recently, the company updated its fourth-quarter guidance, currently projecting revenue to be at the higher end of the business outlook provided earlier. While reporting Q3 results, the company had expected Q4 revenue to be $4.8 billion, plus or minus $75 million.

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Comtech Telecommunications Corp. (CMTL) is set to report its first-quarter results after the market closes today, with analysts expecting a loss of $0.29 per share amd revenue of $106.94 million. The company continues to see very positive signs and broad opportunities for future growth across all of its businesses. Last year, Comtech reported net loss of $2.5 million or $0.11 per share, and net sales of $135.8 million.

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Fred's Inc. (FRED) is slated to release its Q3 results before the bell today, with analysts estimating a loss of $0.13 per share on revenue of $499.75 million. Last year, the company's net loss was $38.4 million or $1.05 per share and net sales of $516.6 million. The company has been struggling with lackluster comparable store sales, and continues to see challenges in its nonedible categories such as tobacco, paper, pet and chemical.

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Tax preparation company H & R Block Inc. (HRB) is expected to release its Q2 results before the bell on Wednesday, with analysts polled by Thomson Reuters estimating a loss of $0.72 per share on revenue of $131.67 million. Last year, the company incurred a loss of $143 million or $0.67 per share with revenue of $131 million. HRB is a dividend stock with a 3.74% yield. The tax preparer distributes 47.6% of earnings as dividends. In the last decade, dividend has increased from $0.57 per share to $0.96 per share.

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Lululemon Athletica Inc.'s (LULU) Q3 results are set to be released after the bell today, with analysts projecting earnings of $0.52 per share on revenue of $609.89 million. For the third quarter of fiscal 2017, the company expects net revenue to be in the range of $605 million - $615 million, earnings per share of $0.33 - $0.35, and adjusted earnings per share of $0.50 - $0.52. Last year, the retailer reported Q3 net income of $68.3 million or $0.50 per share on revenue of $544.4 million. The company believes that the growing global consumer response to lululemon's unique position as the leading brand that defines an active, mindful lifestyle, would benefit its Q3 results.

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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: AVGO ,


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