24/7 Wall St. has put together a preview of some of the major 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.
Keep in mind that next Monday, September 7, is Labor Day and that the markets will be closed.
FuelCell Energy
After the markets close on Tuesday, FuelCell Energy Inc. (NASDAQ: FCEL) is expected to share its most recent quarterly results. The consensus estimates call for a net loss of $0.02 per share and $43.00 million in revenue.
This company disappointed in the first quarter losing on both the top and the bottom line, and in effect the stock was down around 10% following this news. This is one of a string of bad quarters that FuelCell has had, and it begs the question whether this company can turn itself around before it is too late.
Shares were trading at $0.91 on the close on Friday, in a 52-week trading range of $0.64 to $2.68. The stock has a consensus analyst price target of $2.51.
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Palo Alto Networks
Palo Alto Networks Inc. (NYSE: PANW) is scheduled to reveal its fiscal fourth-quarter results late on Wednesday. The consensus estimates call for $0.25 in earnings per share (EPS), as well as $256.26 million in revenue.
This company has been a momentum traders’ dream over the past two years. Palo Alto is helping to lead a new era in cybersecurity by protecting thousands of enterprise, government and service provider networks from cyber-threats, and it boasted a staggering year-over-year billing growth. Unlike fragmented legacy products, its security platform safely enables business operations and delivers protection based on what matters most in today’s dynamic computing environments: applications, users and content.
Shares were trading at $162.39 on Friday’s close. The consensus price target is $193.66. The stock has a 52-week trading range of $87.11 to $200.55.
Lululemon Athletica
Lululemon Athletica Inc. (NASDAQ: LULU) is set to report its fiscal second-quarter results after Thursday’s closing bell. The analysts’ consensus estimates call for EPS of $0.33 and $445.82 million in revenue.
This yoga-themed athletic apparel retailer had a top stock from March 2009 to May 2012. But from May 2012 to June 2014, the company suffered from upheavals at the CEO slot and other corporate issues that bogged down growth. The company finally achieved comparable-store sales growth of 5% at brick-and-mortar locations recently, its first quarter of positive growth for the metric in more than a year. More could be coming in the second quarter, building on strong same-store sales.
Shares were changing hands at $65.68 on Friday’s close. The consensus price target is $68.59, and the stock has a 52-week trading range of $37.81 to $70.00.
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Sunrun
Also on Thursday, Sunrun Inc. (NASDAQ: RUN) is scheduled to report its second-quarter results. The consensus analyst estimates call for a net loss of $0.66 per share and revenue of $88.96 million.
This company provides clean, solar energy to homeowners at a discount to traditional utility energy. Sunrun’s scalable operating platform provides it with a few advantages. First, it is able to drive distribution by marketing its solar service offerings through multiple channels, including a diverse partner network and direct-to-consumer operations. This is the first earnings report that Sunrun will make since coming public in early August.
Shares of Sunrun ended last week at $11.56. The post-IPO trading range is $8.23 to $13.31, and the mean price target is $18.00.
Kroger
Kroger Co. (NYSE: KR) is expected to share its latest quarterly earnings early on Friday. The consensus estimates call for $0.39 in EPS and $25.51 billion in revenue for its second quarter.
The company disappointed Wall Street’s forecast on the revenue front for the first quarter. However, Kroger’s EPS and same-store sales beat the expectations game. At that time, Kroger’s management gave a nod to the increasing role of technology and e-commerce in the consumer landscape. The company worked toward bringing in technology and digital capabilities. We can look for more of this in the second quarter.
Shares closed at $34.07 on Friday, in a 52-week trading range of $25.42 to $39.43. The stock has a consensus analyst price target of $40.67.
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