The 6 Top Earnings Reports for the Week Ahead

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By Jon C. Ogg Updated Published
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We have entered the second half of August, a period of the year where there are fewer earnings and economic reports than normal. The long and short of it is that earnings season is almost over, outside of a few key companies.

24/7 Wall St. is offering some previews for what it feels are the top 6 earnings reports this coming week. Earnings estimates and consensus analyst price targets have been provided by Thomson Reuters. Also included are details on each company’s trading ranges and valuations, and we have also included some additional color on each stock if applicable.

Urban Outfitters Inc. (NASDAQ: URBN) is set to report earnings on Monday. The apparel chain’s estimates are $0.49 earnings per share (EPS) and $807 million in revenues. Estimates for the following quarter are $0.52 EPS and $845 million in revenues. Trading at $36.05, it has a 52-week range is $32.23 to $44.15. Urban Outfitters also had a consensus price target from analysts of $42.13 on last look. Urban Outfitters is far from systemically important, but it can be volatile around earnings.

Home Depot Inc. (NYSE: HD) is set to report earnings on Tuesday morning. The largest home improvement and construction products retailer has estimates of $1.45 EPS and $23.6 billion in revenues. Estimates for the following quarter are $1.11 EPS and $20.5 billion in revenues. At $83.69, its 52-week range is $72.21 to $84.09. The retail giant and DJIA component had a consensus price target from analysts of $90.26 on last look, and it trades at over 16 times next year’s earnings estimates.

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Hewlett-Packard Co. (NYSE: HPQ) will report earnings Wednesday afternoon, after the close of the market. The PC-maker and IT services giant has estimates of $0.89 EPS and $27 billion in revenues. Estimates for the following quarter are $1.05 EPS and $28.6 billion in revenues. At $35.07, its 52-week range is $20.25 to $36.21, and its consensus price target from analysts was $36.68 on last look. The turnaround continues under Meg Whitman, and the company is valued at nine times next year’s earnings estimates.

Lowe’s Companies Inc. (NYSE: LOW) is set to report earnings Wednesday morning. The home improvement materials giant is expected to earnings of $1.02 EPS and $16.55 billion in revenues, with estimates next quarter of $0.58 EPS and $13.58 billion in revenues. At $50.00 as of Friday, it has a 52-week range is $43.52 to $52.08, and it had a consensus price target of $52.13. Lowe’s is valued at almost 16 times next year’s expected earnings.

Target Corp. (NYSE: TGT) is set to report earnings on Wednesday. The retail giant has seen its share of problems from the security breach and weak sales since. Its earnings estimates are $0.80 per share and $17.4 billion in revenues. Estimates for the following quarter are $0.66 EPS and $17.6 billion in revenues. At $58.20, its 52-week range is $54.66 to $68.74. Target’s consensus price target from analysts is $59.65, and it is valued at 14 times next year’s expected earnings.

Salesforce.com Inc. (NYSE: CRM) is expected to report earnings after the close on Thursday. The estimates for this SaaS and enterprise software player are $0.12 EPS and $1.29 billion in revenues. Estimates for the following quarter are $0.13 EPS and $1.37 billion in revenues. At $53.63, its 52-week range is $42.11 to $67.00, and its consensus price target was $67.84. As a reminder, Salesforce.com is a high-beta stock and can be volatile around earnings or any news. It is valued at 75 times next year’s expected earnings.

READ ALSO: America’s Fastest-Growing Retailers

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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