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Top 7 Earnings to Look For in the Week Ahead

It is that time of the year again, third-quarter earnings season. Most companies will be reporting their financial results for the calendar quarter over the course of October and into November.

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.

Container Store

Container Store Group Inc. (NYSE: TCS) will share its most recent quarterly results on Monday after the markets close. The consensus estimates from Thomson/First Call are for earnings per share (EPS) of $0.07 and $197.71 million in revenue.

The company engages in the retailing of storage and organization products in the United States. It operates in two segments, The Container Store and Elfa. The retail stores provide various lifestyle products, including bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash and travel, as well as Elfa-branded products.

Container Store shares were at $15.14 on the close on Friday, in a 52-week trading range of $12.58 to $23.88. The stock has a consensus analyst price target of $20.14.

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PepsiCo

PepsiCo Inc. (NYSE: PEP) is scheduled to reveal its third-quarter results before the opening bell on Tuesday. The consensus estimates call for per-share earnings of $1.27, as well as $16.25 billion in revenue.

The company operates as a food and beverage company worldwide. Along with its core business of beverages, the company’s Frito-Lay North America segment offers some popular brands you may know, including Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips and Santitas tortilla chips.

Shares of PepsiCo were trading at $94.16 as last Friday’s session came to a close. The consensus price target is $104.71. The stock has a 52-week trading range of $76.48 to $100.76.
Yum Brands

Yum! Brands Inc. (NYSE: YUM) is set to report its third-quarter results late on Tuesday. The analysts’ consensus estimates call for EPS of $1.07 and $3.69 billion in revenue.

The company operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division and the Taco Bell Division. The company develops, operates, franchises and licenses a system of restaurants that prepare, package and sell various food items.

Shares of Yum Brands were changing hands at $81.60 on Friday’s close. The consensus price target is $94.78, and the stock has a 52-week trading range of $65.81 to $95.90.

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Constellation Brands

Constellation Brands Inc. (NYSE: STZ) is expected to report its fiscal first-quarter results first thing on Wednesday. The analysts’ consensus estimates call for EPS of $1.32 and $1.73 billion in revenue.

This company produces, imports and markets beer, wine and spirits in the United States, Canada, Mexico, New Zealand and Italy. It sells wine across various categories, including table wine, sparkling wine and dessert wine.

Shares of Constellation Brands were trading at $129.12 as last week came to a close. The consensus price target is $134.06, and the stock has a 52-week trading range of $80.70 to $132.20.

Monsanto

Monsanto Co. (NYSE: MON) is set to share its latest quarterly earnings early Wednesday. The consensus estimates call for a net loss of $0.02 per share in the period, as well as $2.77 billion in revenue.

The company provides agricultural products for farmers worldwide. It operates in two segments: Seeds and Genomics, and Agricultural Productivity. Monsanto has met with controversy in recent years as many people protest the use and development of genetically modified organisms (GMOs).

Shares of Monsanto traded at $87.01 on Friday’s close. That was within a 52-week trading range of $81.22 to $126.00. The consensus price target is $120.00.

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Alcoa

Alcoa Inc. (NYSE: AA) is scheduled to report its third quarter results late in the day on Thursday. The consensus analyst estimates call for $0.15 in EPS and for revenue to total $5.69 billion.

The company produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. Alcoa operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Just recently the company announced a plan to split into two different companies to increase value for shareholders.

Shares of Alcoa ended Friday trading at $9.52. The consensus price target is $13.08. The 52-week trading range is $7.97 to $17.75.

Domino’s

Domino’s Pizza Inc. (NYSE: DPC) is expected to share its latest quarterly earnings early on Thursday. The consensus estimates call for $0.74 in EPS and $486.31 million in revenue.

The company operates as a pizza delivery company in the United States and internationally. Domino’s operates through three segments: Domestic Stores, Supply Chain and International Franchise.

The share price ended last week at $106.88, in a 52-week trading range of $75.64 to $119.73. Domino’s has a consensus analyst price target of $119.42.

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