Investing
Square, Salesforce and More Big Earnings to Watch This Week
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In the past week, markets have recovered slightly after being largely driven lower as the result of a sharp increase in volatility. All three major exchanges gained on average less than 1% last week. Even though volatility may be causing markets to shift much more than usual, solid fundamentals from company earnings can back up these markets. Although the busiest weeks of the earnings season have come and gone, there are still plenty more big names on deck this week.
24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Also see our separate preview of Best Buy, Lowe’s, Nordstrom and other upcoming and highly anticipated retail earnings reports.
Palo Alto Networks Inc.’s (NYSE: PANW) fiscal second-quarter report is scheduled for Monday. The consensus estimates are calling for $0.79 in earnings per share (EPS) on $524.82 million in revenue. The shares traded on Friday’s close at $165.54. The consensus price target is $173.27, and the 52-week trading range is $107.31 to $167.73.
Fitbit Inc. (NYSE: FIT) also is set to release its most recent quarterly results on Monday. The consensus forecast calls for a net loss of $0.01 per share and $589.1 million in revenue. Shares closed on Friday at $5.28. The consensus price target is $6.64, and the 52-week range is $4.90 to $7.32.
Square Inc. (NYSE: SQ) will report its most recent quarterly results on Tuesday. The consensus estimates call for $0.07 in EPS and $266.26 million in revenue. Shares were last seen trading at $44.86, in a 52-week range of $16.11 to $49.56. The consensus price target is $42.97.
Frontier Communications Corp. (NYSE: FTR) is scheduled to release its most recent quarterly report late Tuesday. The consensus forecast calls for a net loss of $1.04 per share but $2.2 million in revenue. Shares closed most recently at $9.10. The consensus target price is $12.43, and shares have changed hands between $6.08 and $50.85 in the past year.
3D Systems Corp. (NYSE: DDD) is expected to post its most recent quarterly results Wednesday. The consensus forecast is $0.01 in EPS and $162.12 million in revenue. Shares ended the week at $10.14 apiece. The consensus price target is $9.72, and the 52-week range is $7.92 to $23.70.
Mylan N.V. (NASDAQ: MYL) will report its most recent quarterly results on Wednesday. The consensus estimates call for $1.41 in EPS and $3.3 billion in revenue. Shares closed at $41.45 on Friday, in a 52-week range of $29.39 to $47.82. The consensus price target is $49.10.
Salesforce.com Inc. (NYSE: CRM) fiscal fourth-quarter results are scheduled for Wednesday. The consensus forecast is for $0.34 in EPS on $2.81 billion in revenue. Shares were trading at $114.96. The consensus price target is $124.85. The 52-week range is $80.50 to $115.67.
Look for the Valeant Pharmaceuticals International Inc. (NYSE: VRX) fourth-quarter report on Wednesday as well. The consensus forecast is $0.98 in EPS on $2.17 billion in revenue. Shares last traded at $18.68. The consensus price target is $17.29, and shares have traded between $8.31 and $24.43 in the past 52 weeks.
Ambarella Inc. (NASDAQ: AMBA) also is scheduled to release its most recent quarterly results Thursday. The consensus forecast calls for $0.37 in EPS and $70.3 million in revenue. Shares closed at $48.89. The consensus price target is $57.50, and the 52-week range is $40.06 to $66.23.
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