24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are still in the summer doldrums in terms of earnings, but the recent Brexit has seemingly turned markets on their head, posing an interesting question for companies reporting in the 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.
Nike, Inc. (NYSE: NKE) will share its most recent quarterly results on Tuesday. The consensus estimates call for earnings per share (EPS) of $0.48 and $8.27 billion in revenue. This stock was hit hard when a good earnings report came with guidance well below estimates for the previous quarter. 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. Shares were at $52.81 near the close on Friday, in a 52-week trading range of $47.25 to $68.19. The stock has a consensus analyst price target of $71.05.
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Monsanto Co. (NYSE: MON) is scheduled to reveal its fiscal third-quarter results on Wednesday. The consensus estimates call for $2.42 in EPS, as well as $4.50 billion in revenue. Before Thursday’s Brexit vote the biggest concern for U.S. crops was, as is often the case, the weather. However, the vote did end up pushing the stock lower. Shares were trading at $104.49 near Friday’s close. The consensus price target is $104.80. The stock has a 52-week trading range of $81.22 to $114.26.
Pier 1 Imports, Inc. (NYSE: PIR) is set to report its fiscal first-quarter results on Wednesday. The analysts’ consensus estimates call for a net loss of $0.05 per share and $420.05 million in revenue. Although fiscal 2016 was a challenging year, this company made solid progress toward stabilizing top line trends, cutting costs and reducing inventory levels. It also delivered another year of strong e-Commerce sales, which increased 45% on top of 193% growth last year. A trend the company is looking to continue through this year. Shares were changing hands at $5.58 near Friday’s close. The consensus price target is $6.10, and the stock has a 52-week trading range of $3.76 to $13.28.
Constellation Brands Inc. (NYSE: STZ) is scheduled to report its fiscal first-quarter results on Thursday. Consensus estimates were not available at the time this article was written. In fiscal 2016, this company’s beer business delivered industry-leading market results as the #1 growth contributor in the U.S. beer category, achieving stellar growth across the portfolio. It also acquired Ballast Point, one of the most awarded, major craft brewers in the industry, and solidified its position in the high-end segment of the U.S. beer market. The company is targeting impressive results for the coming year. Shares of Constellation Brands were at $153.20 late on Friday. The 52-week trading range is $114.49 to $165.81.
Micron Technology, Inc. (NASDAQ: MU) is set to share its latest quarterly earnings on Thursday. The consensus estimates call for a net loss of $0.09 per share and $2.96 billion in revenue. Although this company is continuing to navigate challenging market conditions, management believes that it is on track with deploying its advanced DRAM and NAND technologies and improving the cost structure. As a result, Micron expects to significantly improve its competitive position as it moves through the second half of 2016 and beyond. Shares were at $13.33 near Friday’s close, in a 52-week trading range of $9.31 to $24.24. The stock has a consensus analyst price target of $15.00.
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