The Dow Jones Industrial Average is holding below 21,000 and the S&P 500 is steady right around 2,375. While the Dow had closed higher for weeks, it seems that this recent pullback has been a solidifying factor for the markets. Also notable, the Dow and S&P 500 closed Monday continuing their 109-day streak without a drop of 1% or more, which is the seventh longest of all time for the Dow and the ninth longest for the S&P.
Although we are currently in the earnings doldrums, quarterly reports over the past month have helped to solidify the broad markets. 24/7 Wall St. has put together a preview of some of those companies reporting their latest results on Tuesday. Keep in mind that a vast majority of companies already have reported their earnings for the most recent quarter, but there are still a few stragglers left before the next season kicks into gear.
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.
FedEx Corp. (NYSE: FDX) is reporting its fiscal third-quarter earnings results on Tuesday afternoon. The consensus estimates are $2.62 in earnings per share (EPS) and $14.99 billion in revenue. Shares were trading in the morning at $193.10, in a 52-week range of $145.00 to $201.57. The consensus price target is $211.14.
Fiscal third-quarter results from Nike Inc. (NYSE: NKE) are scheduled for after the close as well. The consensus earnings estimate is $0.53 per share, on $8.47 billion in revenue. The shares were last seen at $58.25. The consensus price target is $62.47, and the 52-week trading range is $49.01 to $65.44.
And Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, also is scheduled to release its most recent quarterly results. The consensus estimates call for $0.13 in EPS, as well as $22.53 billion in revenue. Shares were trading at $8.90. The consensus price target is $11.22, and the 52-week range is $4.98 to $12.56.
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