24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this coming 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.
Petrobras
Look for Petroleo Brasileiro S.A. (NYSE: PBR) to share its most recent quarterly results on Monday. The consensus estimates call for a net loss of $0.06 per share and $25.47 billion in revenue.
The company showed in an SEC filing in late February that its average oil and natural gas production amounted to 2.47 million barrels of oil equivalent per day in Brazil and 183,000 barrels per day (bpd) abroad, to 2.65 million barrels. Actual oil production averaged 2 million bpd in Brazil and 92,000 bpd abroad. Perhaps the biggest driver is not that Petrobras will be losing less money by having lower production. Recent news showed that Petrobras was getting up to $10 billion in loans from China. That is part of an oil supply pact and it should cover most debt due in 2016.
Shares were at $5.57 at the close on Friday, in a 52-week trading range of $2.71 to $10.55. The stock has a consensus analyst price target of $4.00.
ExOne
On Tuesday, ExOne Co. (NASDAQ: XONE) is scheduled to reveal its fourth-quarter results. The consensus estimates call for a net loss of $0.15 per share, as well as $14.71 million in revenue. 3D printing was an industry that took a backseat after 2014 and saw a significant downturn in this time as well. However, after one of these industry leaders reported earnings recently, a few of the major 3D printing stocks made significant runs. Looking closely at the data, it appears that 3D printing is coming back in style for investors.
Shares were trading at $11.50 on Friday’s close. The consensus price target is $8.80. The stock has a 52-week range of $5.81 to $15.97.
Nike
Nike Inc. (NYSE: NKE) is set to report its fiscal third-quarter results on Tuesday. The analysts’ consensus estimates call for earnings per share (EPS) of $0.49 and $8.20 billion in revenue. This stock had an outstanding 2015 but is relatively flat so far in 2016. Nike is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. With one of the most recognizable brands in the world, long-term investors may do very well adding shares here despite the big move up in the stock last year.
Shares were changing hands at $62.99 on Friday’s close. The consensus price target is $71.09, and the stock has a 52-week range of $47.25 to $68.19.
Red Hat
Also scheduled to report its fiscal fourth-quarter results on Tuesday is Red Hat Inc. (NYSE: RHT). The consensus analyst estimates call for $0.47 in EPS and revenue of $537.20 million. During the third quarter, this company strengthened its leadership position in the open hybrid cloud by introducing new technologies and launching a strategic partnership with Microsoft and its Azure Cloud. These initiatives are focused on enabling customers to build, deploy and manage their applications across multiple environments and infrastructures. We can expect more on this when the company reports earnings.
Shares of Red Hat traded at $74.09 on Friday’s close. The consensus price target is $88.23. The 52-week range is $59.59 to $84.44.
Finish Line
Finish Line Inc. (NASDAQ: FINL) is expected to share its latest quarterly earnings on Thursday. The consensus estimates call for $0.80 in EPS and $568.19 million in revenue. This company is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line has approximately 1,010 Finish Line branded locations primarily in U.S. malls and shops inside Macy’s department stores, and it employs more than 14,000 sneaker-ologists who help customers every day connect with their sport, their life and their style. After reporting a third-quarter loss, the company announced the closing over the next four years of up to 150 stores, or around one-quarter of its total.
Shares ended last week at $19.66, in a 52-week range of $15.37 to $29.05. The consensus price target is $20.42.
GameStop
Look for GameStop Corp. (NYSE: GME) to post its fiscal fourth-quarter results on Thursday as well. The analysts’ consensus estimates call for EPS of $2.25 and $3.56 billion in revenue. Looking at the holiday sales numbers, the total sales were up 1.9% and nearly 6% in constant currency. Comparable store sales were up 4.4%, new hardware was up 4.5% and over 9% in constant currency, driven by successful promotions for Sony’s PlayStation 4 and Microsoft’s Xbox One.
GameStop shares were changing hands at $30.83 as last week came to a close. The consensus price target is $37.04, and the stock has a 52-week range of $24.33 to $47.83.
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