Investing

Top 6 Earnings for the Week Ahead

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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.

FuelCell Energy

FuelCell Energy Inc. (NASDAQ: FCEL) will share its most recent quarterly results on Monday. The consensus estimates call for a net loss of $0.28 per share and $44.63 million in revenue. This company designs and operates stationary fuel cell power plants for distributed power generation. It is also involved in the development, design, production and sale of fuel cell products under the Direct FuelCell name.

Shares were trading at $6.48 at the close on Friday, in a 52-week trading range of $6.12 to $21.12. The stock has a consensus analyst price target of $29.50.


FedEx

FedEx Corp. (NYSE: FDX) is scheduled to reveal its fiscal second-quarter results on Wednesday. The consensus estimates call for $2.53 in earnings per share (EPS), as well as $12.46 billion in revenue. The company provides transportation, e-commerce and business services in the United States and internationally. Its 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, as well as consolidates and delivers high volumes of low-weight and less time-sensitive business-to-consumer packages.

Shares closed trading at $144.26 on Friday. The consensus price target is $183.63. The stock has a 52-week trading range of $130.13 to $185.19.
Oracle

Oracle Corp. (NYSE: ORCL) is expected to report its fiscal second-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.60 and $9.06 billion in revenue. This old-school large cap tech stock is very reasonable valuation-wise, but it turned in earnings for the previous quarter that missed Wall Street estimates again. Oracle plans to make almost all of its services available via the Internet, as the database-software company changes its business model to fit a new competitive landscape.

Shares were changing hands at $37.21 on Friday’s close. The consensus price target is $44.15, and the stock has a 52-week trading range of $35.14 to $46.71.

Marvell Technology

Marvell Technology Group Ltd. (NASDAQ: MRVL) is scheduled to report its fiscal fourth-quarter results on Thursday. The consensus analyst estimates call for $0.11 in EPS and revenue of $665.28 million. This company offers mobile and wireless products, comprising communications and applications processors; thin modems; connectivity solutions, including Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, as well as silicon solutions and Kinoma software.

Shares of Marvell ended this past week at $8.23. The consensus price target is $9.52. The 52-week trading range is $7.55 to $16.78.

Rite Aid

Rite Aid Corp. (NYSE: RAD) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for $0.06 in EPS and $8.18 billion in revenue. This company operates a chain of retail drugstores in the United States. It sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items and food and beverages.

Shares were trading at $7.80 on Friday’s close, in a 52-week trading range of $5.57 to $9.47. The stock has a consensus price target of $9.15.


BlackBerry

BlackBerry Ltd. (NASDAQ: BBRY) is expected to report its fiscal third-quarter results on Friday. The analysts’ consensus estimates call for a net loss of $0.15 per share and $487.92 million in revenue. This company provides wireless communications solutions worldwide. It offers BlackBerry wireless solutions, which include the sale of BlackBerry handheld devices; and the provision of data communication and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.

BlackBerry shares were changing hands at $7.68 as last week came to a close. The consensus price target is $7.14, and the stock has a 52-week trading range of $5.96 to $12.63.

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