Investing

5 Key Earnings Previews for the Week Ahead

To kick off June, 24/7 Wall St. has put together a preview of some of the larger companies reporting their quarterly results this week, but most of the main movers will be reporting on Tuesday. We have reviewed the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.

Ambarella

Ambarella Inc. (NASDAQ: AMBA) is scheduled to release its most recent quarterly results on Tuesday. The consensus estimates are $0.58 in earnings per share (EPS) on $67.00 million in revenue.

GoPro cameras contain Ambarella processors, and GoPro produces a market-leading product. This arguably makes Ambarella that much more valuable because GoPro speaks for the quality of its processors, in turn attracting more clients and more sales for Ambarella. Also, Ambarella is inside the devices of GoPro’s competitors as well.

Shares were trading at $90.21 on Friday’s close. The consensus analyst price target is only $77.75, and the stock has a 52-week trading range of $24.12 to $91.84.

ALSO READ: Why General Electric’s Stock Price Has Been So Terrible

Conns

Conns Inc. (NASDAQ: CONN) is set to report its fiscal third-quarter results on Tuesday. The analysts’ consensus estimates call for earnings of $0.43 per share and $373.35 million in revenue. Ahead of earnings a few analysts weighed in on Conns:

  • B. Riley reiterated a Buy rating with a $52 price target.
  • Stifel has a Buy rating but raised its price target to $43 from $35.
  • Oppenheimer downgraded Conns to Market Perform from Outperform.

Conns shares were changing hands at $36.99 on Friday’s close. The consensus price target is $43.40, and the stock has a 52-week trading range of $14.02 to $51.99.

Dollar General

Dollar General Corp. (NYSE: DG) is scheduled to report its fiscal third-quarter results on Tuesday. The consensus estimates call for EPS of $0.82 and $4.94 billion in revenue. 24/7 Wall St. has listed Dollar General as one of its stocks to own for the next decade.

This company remains the king of dollar stores. Back in 2010 the theme under a “new normal” and “post-new normal” that we expected to remain was the rise of the dollar stores against Wal-Mart and other giants. Dollar stores have continued to reach up beyond the one-dollar mark, and this trend will remain.

Shares of Dollar General were at $72.59 as the week’s trading came to a close. The consensus price target is $81.55. The 52-week trading range is $53.00 to $76.99.

Medtronic

Medtronic PLC (NYSE: MDT) is set to report earnings Tuesday. The consensus estimates call for a per-share net loss of $1.11 and $7.15 billion in revenue. This is one of the world’s largest and most diversified medical device companies, and in January the company completed the gigantic $50 billion takeover of Covidien. Many on Wall Street see this historic merger, probably one of the largest in the medtech industry, as a momentous event, leading to the creation of a unique company that combines the extensive and innovative abilities of both Medtronic and Covidien.

Shares ended the week at $76.32, in a 52-week trading range of $58.32 to $79.50. The stock has a consensus analyst price target of $86.26.

ALSO READ: 4 Cheap Stocks That Will Benefit From Rising Interest Rates

Five Below

Five Below Inc. (NASDAQ: FIVE) is scheduled to report its fiscal first-quarter results on Wednesday. The consensus estimates call for just $0.07 in EPS, as well as $151.41 billion in revenue. The company expects that it will have an exciting 2015. It plans to open 70 new stores and generate a same-store sales increase of roughly 3% while simultaneously making long-term investments in people, systems and infrastructure to support future growth.

Shares of Five Below were at $33.25 on Friday’s close. The consensus price target is $40.13. The stock has a 52-week trading range of $28.51 to $47.89.

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