Six Key Earnings to Watch This Week: Adobe, Hertz, Oracle, FedEx, Nike, Tiffany

Investing

Published: March 17, 2014 2:05 pm

Earnings season has all but wound down, but some of the off-calendar quarterly earnings reports are still coming out. 24/7 Wall St. has tracked only six earnings of critical importance to watch this week. That will likely make these reports stand out even more than they would have otherwise. Earnings estimates come from Thomson Reuters, and color has been provided for each.

Adobe Systems Inc. (NASDAQ: ADBE) reports on Tuesday afternoon after the close. The software player is down only $3 from its 52-week high and estimates call for earnings per share (EPS) of $0.25 and $973.1 million in revenue. Estimates for the coming quarter are $0.27 EPS and $990.3 million in revenue.

Hertz Global Holdings Inc. (NYSE: HTZ) reports earnings on Tuesday morning. The car rental giant has risen on hope of a spin-off in the equipment rental unit. Earnings estimates are $0.32 EPS and $2.62 billion in revenue. The coming quarter’s estimates are $0.19 in EPS and $2.59 billion in revenue. The spin-off report had Hertz shares up 5% at $27.28 on Monday, against a 52-week range of $19.73 to $29.81.

Oracle Corp. (NYSE: ORCL) finally has traded back up above a range from a series of earnings disappointments. Will that last? The enterprise software leader is expected to report earnings of $0.70 per share and $9.36 billion in revenue. For the next quarter, those estimates are $0.96 EPS and $11.5 billion in sales. By the way, it has now been a while since Oracle made a major acquisition, and its 2014 revenue growth is expected to be only 3.5%, followed by almost 5% growth in 2015. Will Larry Ellison telegraph any deals ahead? Oracle trades at only 12 times next year’s EPS estimates, based on 9.5% earnings growth.

FedEx Corp. (NYSE: FDX) reports on Wednesday morning, and we were already braced for lower numbers after the holidays and after storm after storm. At almost $138, its 52-week trading range is $90.61 to $144.39. Estimates are $1.51 EPS and $11.46 billion in revenues, and estimates for the quarter-end ahead are $2.32 EPS and $11.71 billion in revenue. FedEx trades at about 15.5 times next year’s expected earnings.

Nike Inc. (NYSE: NKE) is set to report earnings on Thursday after the close of trading. Nike may only be $1 or so shy of a high, but $80 has been a hurdle now twice in the past four months or so. Estimates are $0.72 EPS and $6.7 billion in revenues. Next quarter estimates are $0.81 EPS and $7.52 billion in revenue. Nike shares are not cheap, particularly for a DJIA component, at 22.5 times next year’s earnings expectations, based on 11% earnings growth and almost 9% sales growth.

Tiffany & Co. (NYSE: TIF) might not seem like a systemic stock on the surface, but Tiffany offers a clean insight into luxury spending that can translate into spending trends of so many other luxury spending. Estimates are $1.52 EPS and $1.31 billion for the period that includes Christmas. Estimates for the coming quarter are $0.80 EPS and $954.9 million in revenue. Shares are currently about $2.50 shy of its 52-week high of $94.88. Tiffany’s jewelry trades at a premium against peers, and its stock trades at a peer to most retail brands — at 21.5 times next year’s earnings estimates based on 14% earnings growth and 7.5% revenue growth.

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