The Top 8 Earnings for the Week Ahead

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By Chris Lange Published
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24/7 Wall St. has put together a preview of some of companies reporting their quarterly results this week. 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. It is worth noting that none of these stocks are real market movers, but some of them may move handily based around various earnings.

Adobe Systems Inc. (NASDAQ: ADBE) is scheduled to release its most recent quarterly results on Tuesday. The consensus estimates are $0.45 in earnings per share (EPS) on $1.16 billion in revenue. Adobe is a globally diversified software company. It operates in three segments: Digital Media, Digital Marketing and Print and Publishing. Shares closed Friday’s trading at $79.86. The consensus analyst price target is $86.54, and the stock has a 52-week trading range of $58.51 to $80.74.

FedEx Corp. (NYSE: FDX) is set to report its fiscal fourth-quarter results on Wednesday. The consensus estimates call for $2.68 in EPS and $12.31 billion in revenue. The company provides transportation, e-commerce and business services in the United States and internationally. Its Express segment provides various shipping services, including the delivery of packages and freight, and international trade services specializing in customs brokerage. FedEx shares were changing hands at $183.65 on Friday’s close. The consensus price target is $183.63, and the 52-week trading range is $138.30 to $185.19.

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Jabil Circuit Inc. (NYSE: JBL) is scheduled to report its fiscal third-quarter results on Wednesday. The consensus estimates call for EPS of $0.49 and $4.46 billion in revenue. The company provides electronic manufacturing services and solutions worldwide. It offers electronics design, production and product management services to companies in multiple industries. Shares of were at $24.14 as the week’s trading came to a close. The consensus price target is $25.44. The 52-week trading range is $18.03 to $24.95.
Oracle Corp. (NYSE: ORCL) will report earnings Wednesday. The consensus estimates call for EPS of $0.87 and $10.96 billion in revenue. The company develops, hosts and supports database and middleware software, application software and related services worldwide. It provides software and hardware systems, and related services, to manage cloud-based or on-premise IT environments, as well as to deploy cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service. Shares ended the week at $44.34, in a 52-week trading range of $35.82 to $46.71. The stock has a consensus analyst price target of $46.36.

Pier 1 Imports Inc. (NYSE: PIR) is scheduled to report its fiscal first-quarter results on Wednesday. The consensus estimates call for just $0.08 in EPS, as well as $434.97 in revenue. The company engages in the retail sale of decorative home furnishings, furniture, gifts and related items. It offers decorative accents, textiles and seasonal items. Shares of closed Friday at $12.20. The consensus price target is $14.92. The stock has a 52-week trading range of $11.38 to $18.45.

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Kroger Co. (NYSE: KR) is set to report its fiscal first-quarter results on Thursday. The analysts’ consensus estimates call for $1.22 in EPS and $33.37 billion in revenue. The company operates retail food and drug stores in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. Kroger shares were changing hands at $71.65 on Friday’s close. The consensus price target is $80.72, and the stock has a 52-week trading range of $46.77 to $77.74.

Red Hat Inc. (NYSE: RHT) is scheduled to report its fiscal first-quarter results on Thursday. The consensus estimates call for $0.41 in EPS and $472.59 in revenue. The company provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage and cloud technologies. Shares of were at $78.19 as the week’s trading came to a close. The consensus price target is $78.55. The 52-week trading range is $50.41 to $79.35.

Rite Aid Corp. (NYSE: RAD) is set to report earnings Thursday. The consensus estimates call for $0.03 in EPS on $6.65 billion in revenue. This company operates a chain of retail drugstores in the United States that sell prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and other everyday and convenience products. Shares were changing hands at $8.95 on Friday’s close, in a 52-week trading range of $4.42 to $9.07. The stock has a consensus analyst price target of $10.00.

ALSO READ: How to Protect Yourself From a Summer Stock Market Correction

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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