We have several key companies reporting earnings this coming week. While most will not be DJIA-moving stocks, there can have a large sector impact or can be volatile around earnings. Nike Inc. (NYSE: NKE) reports on Monday; on Wednesday we have reports from American Greetings Corporation (NYSE: AM), Family Dollar Stores Inc. (NYSE: FDO), General Mills Inc. (NYSE: GIS), KB Home (NYSE: KBH), and Monsanto Co. (NYSE: MON). On Thursday comes reports from Apollo Group Inc. (NASDAQ: APOL), Constellation Brands Inc. (NYSE: STZ), Darden Restaurants Inc. (NYSE: DRI), Mccormick & Co Inc. (NYSE: MKC), and Schnitzer Steel Industries Inc. (NASDAQ: SCHN).
We have provided an earnings preview on each, shown pricing data, and added color if applicable.
Nike Inc. (NYSE: NKE) reports on Monday. Thomson Reuters estimates for the sporting goods and apparel giant are $1.16 EPS and $5.54 billion in revenues; next quarter estimates are $1.27 EPS and $5.67 billion in revenues. With shares around $81.40, its 52-week trading range is $66.34 to $92.49. This one has recovered a bit after getting hit on its last earnings report when shares fell to $77 from $85 before the report.
Wednesday…
American Greetings Corporation (NYSE: AM) is due with its gift and greeting card earnings. Thomson Reuters estimates are $0.78 EPS and next quarter estimates are $0.27 EPS. With shares around $23.62, its 52-week trading range is $17.89 to $24.75. Why do we all accept paying so much for greeting cards?
Family Dollar Stores Inc. (NYSE: FDO) is due to report on Wednesday. Thomson Reuters estimates are $0.95 EPS and $2.17 billion in revenues; next quarter estimates are $0.65 EPS and $2.12 billion in revenues. With shares around $52.25, its 52-week trading range is $35.31 to $56.92. After the buyout interest was there and with sector consolidation being well documented, we’ll be paying close attention to ‘non-earnings news.’
General Mills Inc. (NYSE: GIS) will show us more about how the food business is going. Thomson Reuters estimates are $0.52 EPS and $3.68 billion in revenues; next quarter estimates are $0.69 EPS and $3.7 billion in revenues. With shares around $37.00, its 52-week trading range is $33.11 to $40.00.
KB Home (NYSE: KBH) is due with its homebuilder earnings. Thomson Reuters estimates are -$0.32 EPS and $257.05 million in revenues; next quarter estimates are -$0.05 EPS and $384.54 million in revenues. With shares around $11.75, its 52-week trading range is $9.43 to $16.11.
Monsanto Co. (NYSE: MON) will be key to watch as it has been in a turnaround mode. Thomson Reuters estimates are $1.11 EPS and $3.38 billion in revenues; next quarter estimates are -$0.18 EPS and $2.05 billion in revenues. With shares around $66.00, its 52-week trading range is $44.61 to $76.69.
Thursday…
Apollo Group Inc. (NASDAQ: APOL) is going to turn in its online university earnings, and we’ll get to see how much the pressure added when these were under the Washington scrutiny. Thomson Reuters estimates are $1.34 EPS and $1.2 billion in revenues; next quarter estimates are $0.92 EPS and $1.09 billion in revenues. With shares around $42.00, its 52-week trading range is $33.75 to $53.61.
Constellation Brands Inc. (NYSE: STZ) is due and Thomson Reuters estimates are $0.38 EPS and $648.48 million in revenues; next quarter estimates are $0.59 EPS and $715.92 million in revenues. With shares around $20.83, its 52-week trading range is $14.97 to $23.19.
Darden Restaurants Inc. (NYSE: DRI): Thomson Reuters estimates are $1.00 EPS and $1.99 billion in revenues; next quarter estimates are $0.92 EPS and $1.92 billion in revenues. With shares around $48.52, its 52-week trading range is $37.08 to $52.12. This is one which we think can eventually challenge McDonald’s for the high dividends.
McCormick & Co Inc. (NYSE: MKC) will show the food and spices earnings. Thomson Reuters estimates are $0.54 EPS and $855.16 million in revenues; next quarter estimates are $0.70 EPS and $858.17 million in revenues. With shares around $50.00, its 52-week trading range is $37.37 to $50.68.
Schnitzer Steel Industries Inc. (NASDAQ: SCHN) is historically not a sector moving stock but right now it seems that investors want guidance of any bit from any company. Thomson Reuters estimates are $1.19 EPS and $831.16 million in revenues; next quarter estimates are $1.25 EPS and $841.31 million in revenues. With shares around $53.05, its 52-week trading range is $37.00 to $69.43.
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JON C. OGG
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