After the fallout and tentative recovery from the Brexit, the markets have not necessarily set a new direction. The coming week is a shortened trading week with the July 4th holiday and as a result only a few companies are reporting because we are still in the summer earnings doldrums. Despite this, 24/7 Wall St. has picked out the three biggest earnings reports that are debuting next 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.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) will share its most recent quarterly results on Wednesday. The consensus estimates call for earnings per share (EPS) of $1.14 and $29.71 billion in revenue. Very recently, the company informed Theranos that it will be terminating its relationship and closing operations at all 40 Theranos Wellness Centers at its stores in Arizona, effective immediately. This follows Walgreens’ decision in January to halt Theranos laboratory testing services at its Palo Alto, California, location, and means Walgreens will no longer offer Theranos services at any of its stores. Shares traded at $83.06 near the close on Friday, in a 52-week trading range of $71.50 to $97.30. The stock has a consensus analyst price target of $94.27.
Pepsico Inc. (NYSE: PEP) is scheduled to reveal its fiscal second-quarter results on Thursday. The consensus estimates call for $1.29 in EPS, as well as $15.38 billion in revenue. The company said that it delivered strong first quarter operating results that were driven by balanced execution of its commercial agenda and productivity programs. These marketing initiatives and new product launches are generating solid organic top line growth, and the focus on driving greater efficiency throughout operations contributed significantly to an attractive core gross margin expansion. Pepsi is off to a strong start to the year with the stock up about 7% year to date. Shares were trading at $105.63 near Friday’s close. The consensus price target is $111.89. The stock has a 52-week trading range of $76.48 to $106.94.
Barracuda Networks Inc. (NYSE: CUDA) is set to report its fiscal first-quarter results on Thursday. The analysts’ consensus estimates call for EPS of $0.11 and $83.85 million in revenue. This company designs and delivers powerful security and storage solutions that are cloud-connected and help customers address security threats, improve network performance and protect and store their data. If you have traveled via an airport in the past decade, you have likely seen their wall advertisements. Barracuda provides various security solutions, including email security solutions, such as Barracuda Spam Firewall and Barracuda Email Security Service; Barracuda Web Filter, a web security solution to protect users from rapidly evolving web-based threats, as well as to enhance productivity and optimize bandwidth; next-generation firewall solutions, just to name a few. Shares were changing hands at $15.18 near Friday’s close. The consensus price target is $18.46, and the stock has a 52-week trading range of $9.44 to $39.99.
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