8 Key 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 the companies reporting their quarterly results this week. We have included 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 reporting dates as well. It is worth noting that only a few of these stocks are real market movers, but we can expect that some of them may move handily based around various earnings.

BlackBerry

BlackBerry Ltd. (NASDAQ: BBRY) is scheduled to release its most recent quarterly results on Tuesday before the markets open. The consensus estimates are a net loss of $0.03 per share on $690.39 million in revenue. In the incredibly competitive smartphone field, BlackBerry has been battered, and it seems nearly impossible to believe that it can turn itself around.

Most analysts’ sentiments reflect this belief because they are generally all neutral or negative. Credit Suisse’s Kulbinder Garcha reiterated an Underperform rating for BlackBerry with a price target of $6. The firm maintains that the continued decline of service revenue coupled with the limited visibility of mobile device management (MDM) remains the principal risk to the turnaround. The firm continues to have reservations on BlackBerry’s ability to ramp up software and operate more competitively.

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Shares were trading at $8.91 at the end of Friday’s trading session. The consensus analyst price target is $9.23, and the stock has a 52-week trading range of $8.59 to $12.63.

Micron Technology

Micron Technology Inc. (NASDAQ: MU) is set to report its fiscal third-quarter results on Thursday. The consensus estimates call for $0.59 in earnings per share (EPS) and $3.93 billion in revenue. Micron is a global leader in advanced semiconductor systems. Its broad portfolio of high-performance memory technologies, including DRAM, NAND and NOR Flash, is the basis for solid state drives, modules, multichip packages and other system solutions. The company’s memory chip solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.

Micron and Intel announced recently the availability of their 3D NAND technology, the world’s highest-density flash memory. Flash is the storage technology used inside the lightest laptops, fastest data centers and nearly every cell phone, tablet and mobile device.

Micron shares were changing hands at $24.47 on Friday’s close. The consensus price target is $37.30, and the 52-week trading range is $23.70 to $36.59.

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Nike

Nike Inc. (NYSE: NKE) is scheduled to report its fiscal fourth-quarter results on Thursday. The consensus estimates call for EPS of $0.83 and $7.67 billion in revenue. The company is getting even bigger now. Through merchandising and marketing partnerships, Nike has effectively grown its brand and become a household name.

The NBA and Nike announced an eight-year global merchandising and marketing partnership that will make Nike the official on-court apparel provider beginning with the 2017-18 season. This deal will make Nike the first apparel partner to have its logo appear on all on-court uniforms. And the deal is reported to be worth over $1 billion.

This marks the second major sports uniform deal for Nike in the past few of years. The company previously took over the uniform rights for the NFL at the start of the 2012 season.

Shares of were at $106.53 as the week’s trading came to a close. The consensus price target is $109.31. The 52-week trading range is $74.40 to $106.85.

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Carnival

Carnival Corp. (NYSE: CCL) will report its latest earnings on Tuesday. The consensus estimates call for EPS of $0.16 and $3.56 billion in revenue. The company operates as a cruise company worldwide. It provides vacations to various cruise destinations. It operates 100 cruise ships and also owns and operates 12 hotels or lodges, approximately 300 motor coaches and 20 glass-domed railcars.

Shares ended the week at $48.92, in a 52-week trading range of $33.11 to $49.21. The stock has a consensus analyst price target of $52.06.

Bed Bath & Beyond

Bed Bath & Beyond Inc. (NASDAQ: BBBY) is scheduled to reveal its fiscal first-quarter results on Wednesday. The consensus estimates call for just $0.94 in EPS, as well as $2.74 billion in revenue. The company operates a chain of retail stores that sell a range of domestics merchandise. Bed Bath & Beyond also offers health and beauty care items, giftware and household items, as well as infant and toddler merchandise.

Bed Bath & Beyond shares closed trading at $70.74 on Friday. The consensus price target is $75.58. The stock has a 52-week trading range of $54.96 to $79.64.

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Lennar

Lennar Corp. (NYSE: LEN) is set to report its fiscal second-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.65 and $2.03 billion in revenue. The company engages in the homebuilding activities in the United States that primarily include the construction and sale of single-family attached and detached homes to first-time, move-up and active adult homebuyers, as well as the purchase, development and sale of residential land.

Lennar shares were changing hands at $48.64 at Friday’s close. The consensus price target is $51.24, and the stock has a 52-week trading range of $35.74 to $53.67.

Monsanto

Monsanto Co. (NYSE: MON) is scheduled to report its fiscal third-quarter results on Wednesday. The consensus analyst estimates call for $2.06 in EPS and revenue of $4.60 billion. Monsanto provides agricultural products for farmers worldwide. It operates in two segments: Seeds and Genomics, and Agricultural Productivity.

Shares of were at $112.63 as last week’s trading came to a close. The consensus price target is $135.71. The 52-week trading range is $105.76 to $128.79.

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Accenture

Accenture PLC (NYSE: ACN) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for $0.03 in EPS on $6.65 billion in revenue. The company provides management consulting, technology and business process outsourcing services worldwide.

Shares were changing hands at $97.02 on Friday’s close, in a 52-week trading range of $73.98 to $97.95. The stock has a consensus analyst price target of $99.67.

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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