Earnings season is over for the most part. Next week we will have a few key earnings from a few players. While none are likely market-moving events, these can still influence sectors and may get more attention because there are other planned events ahead of time. The top earnings we are watching will be from the following: DryShips Inc. (NASDAQ: DRYS); Guess? Inc. (NYSE: GES); FedEx Corporation (NYSE: FDX); Lululemon Athletica Inc. (NASDAQ: LULU); LDK Solar Co., Ltd. (NYSE: LDK), and Nike Inc. (NYSE: NKE).
We have given the Thomson Reuters earnings and revenue estimates, given historic price data and added in other color where applicable on each.
DryShips Inc. (NASDAQ: DRYS) reports Wednesday after the close of trading and this is one that traders will watch more as a specific situation of volatility rather than as a sector mover. Thomson Reuters has estimates of $0.25 EPS and $221.12 million in revenues, and estimates ahead for the current quarter are $0.22 EPS and $241.07 million in revenues. Shares are around $4.70 today versus a December 31 closing price of $5.49 and versus a 52-week trading range of $3.28 to $6.82. As always, investors should be reminded that the company has been a serial-seller of securities when it comes to raising capital.
Guess? Inc. (NYSE: GES) reports Wednesday after the close and could be a volatile event on its own considering the share price gains of recent years. Thomson Reuters has estimates of $1.06 EPS and $725.9 million in revenues, and estimates ahead for the current quarter are $0.61 EPS and $595.63 million in revenues. Shares are around $43.67 today versus a December 31 closing price of $47.32 and versus a 52-week trading range of $30.54 to $51.53.
FedEx Corporation (NYSE: FDX) reports Thursday morning and this can impact UPS and others, but we were already given some of what to expect based upon higher gas prices. Thomson Reuters has estimates of $0.83 EPS and $9.61 billion in revenues, and estimates ahead for the current quarter are $1.69 EPS and $10.27 billion in revenues. Shares are around $90.93 today versus a December 31 closing price of $93.01 and versus a 52-week trading range of $69.78 to $98.52.
Lululemon Athletica Inc. (NASDAQ: LULU) reports Thursday morning and it will be hard to not imagine that a company raising guidance three times will not be a volatile event. It has virtually no spill-over impact on other shares. Thomson Reuters has estimates of $0.57 EPS and $238.98 million in revenues, and estimates ahead for the current quarter are $0.36 EPS and $179.17 million in revenues. Shares are around $75.90 today versus a December 31 closing price of $68.42 and versus a 52-week trading range of $31.08 to $85.28. We do not expect that a “meet and reaffirm guidance” will be enough here at all.
LDK Solar Co., Ltd. (NYSE: LDK) reports Thursday after the close and we have already been given a very negative news bias on solar companies. Still, this at least has the China angle going for it. Thomson Reuters has estimates of $0.81 EPS and $870.55 million in revenues, and estimates ahead for the current quarter are $0.67 EPS and $816.4 million in revenues. Shares are around $10.65 today versus a December 31 closing price of $10.12 and versus a 52-week trading range of $4.97 to $15.10. If this is all accurate, LDK trades at only about 6-times trailing earnings.
Nike Inc. (NYSE: NKE) reports next Thursday after the close and this can impact other apparel makers around sports. Thomson Reuters has estimates of $1.11 EPS and $5.17 billion in revenues, and estimates ahead for the current quarter are $1.27 EPS and $5.51 billion in revenues. Shares are around $85.90 today versus a December 31 closing price of $85.12 and versus a 52-week trading range of $66.34 to $92.49. It was just in December that the earnings and issues inside the company took a serious bite out of the stock and the stock has not recovered from its drop-off point above $92.00. Still, shares have recovered from under $82.00 in January.
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JON C. OGG
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