Investing
Nike, Micron, Oracle and More Major Earnings Coming This Week
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The U.S. broad markets pulled back this past week, although the markets have been rising since the initial correction back in February. If we continue to see solid fundamentals from company earnings, markets should continue to rise. Although we are in the doldrums in terms of companies reporting earnings, there are still a few 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.
Oracle Corp. (NYSE: ORCL) fiscal third-quarter report is scheduled for Monday. The consensus estimates are calling for $0.72 in earnings per share (EPS) on $9.78 billion in revenue. The shares closed at $52.27 on Friday. The consensus price target is $56.14, and the 52-week trading range is $43.60 to $53.48.
FedEx Corp. (NYSE: FDX) is set to release its most recent quarterly results on Tuesday. The consensus forecast calls for $3.11 in EPS and $16.15 billion in revenue. Shares traded on Friday’s close at $252.02. The consensus price target is $285.08, and the 52-week range is $182.89 to $274.66.
General Mills Inc. (NYSE: GIS) will report its most recent quarterly results on Wednesday. The consensus estimates call for $0.78 in EPS and $3.77 billion in revenue. Shares were last seen trading at $50.49, in a 52-week range of $49.65 to $61.15. The consensus price target is $57.61.
Carnival Corp. (NYSE: CCL) fiscal first-quarter report is scheduled for Thursday. The consensus forecast is $0.43 in EPS on $4.11 billion in revenue. Shares closed at $66.91 apiece. The consensus price target is $76.94, and the 52-week range is $57.09 to $72.70.
Conagra Brands Inc. (NYSE: CAG) is expected to release its most recent quarterly report early Thursday. The consensus forecast calls for $0.55 in EPS on $2.0 billion in revenue. Shares closed at $36.61 on Friday. The consensus target price is $42.21, and shares have changed hands between $32.16 and $41.63 in the past year.
24/7 Wall St.Darden Restaurants Inc. (NYSE: DRI) is poised to post its most recent quarterly results Thursday. The consensus forecast is $1.63 in EPS and $2.14 billion in revenue. Shares closed at $94.55 apiece. The consensus price target is $103.24, and the 52-week range is $75.20 to $100.11.
Micron Technology Inc.’s (NASDAQ: MU) most recent quarterly release is anticipated late on Thursday. The consensus forecast calls for $2.74 in EPS on $7.28 billion in revenue. Shares ended the week at $60.58. The consensus target price is $62.75, and the 52-week range is $25.40 to $63.42.
Look for Nike Inc. (NYSE: NKE) fiscal third-quarter report on Thursday as well. The consensus forecast is $0.53 in EPS on $8.85 billion in revenue. Shares closed at $65.91. The consensus price target is $67.91, and shares have traded between $50.35 and $70.25 in the past 52 weeks.
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