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.
FedEx
FedEx Corp. (NYSE: FDX) will share its most recent quarterly results on Wednesday before the markets open. The consensus estimates call for earnings per share (EPS) of $2.45 and $12.30 billion in revenue.
This top transport company may be eyeing a solid holiday season as falling gasoline prices boost consumers’ cash. FedEx provides transportation, e-commerce and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services and consolidates and delivers high volumes of low-weight and less time-sensitive business-to-consumer packages. The FedEx Freight segment offers less-than-truckload freight services, as well as freight-shipping services.
Shares were trading at $151.08 the close on Friday, in a 52-week trading range of $130.13 to $185.19. The stock has a consensus analyst price target of $195.88.
Oracle
Oracle Corp. (NYSE: ORCL) is scheduled to reveal its fiscal first-quarter results later on Wednesday. The consensus estimates call for $0.52 in EPS, as well as $8.54 billion in revenue.
This old-school large cap tech stock is very reasonable valuation-wise for investors. Oracle trades at 14.6 times estimated 2016 earnings and still provides solid free cash flow yield. Oracle plans to make almost all of its services available via the Internet by mid-October, as the database-software company changes its business model to fit a new competitive landscape. Around 65% of Oracle’s products are available on the cloud today, and that is expected to climb to 95% by the time the company holds its annual Oracle OpenWorld conference in October.
Shares were trading at $37.92 on Friday’s close. The consensus price target is $47.35. The stock has a 52-week trading range of $35.14 to $46.71.
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Rite Aid
Rite Aid Corp. (NYSE: RAD) is expected to report its fiscal second-quarter results on Thursday before the markets open. The analysts’ consensus estimates call for EPS of $0.04 and $7.56 billion in revenue.
The company is one of the nation’s leading drugstore chains, with nearly 4,600 stores in 31 states and the District of Columbia. Many on Wall Street see the company very favorably positioned in health care, given its geographic overlap with Medicaid expansion, as well as its push into clinics.
Shares were changing hands at the end of the week at $8.61. The consensus analyst price target is $10.05, and the stock has a 52-week trading range of $4.42 to $9.47.
Adobe
Adobe Systems Inc. (NASDAQ: ADBE) is scheduled to report its fiscal third-quarter results after Thursday’s closing bell. The consensus analyst estimates call for $0.50 in EPS and revenue of $1.21 billion.
This high-profile, old-school software company makes sense for growth investors. Adobe operates in three segments: Digital Media, Digital Marketing and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote and monetize their digital content.
Shares of Adobe were at $79.19 on Friday’s close. The consensus price target is $90.55, and the 52-week trading range is $58.51 to $87.25.
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