Oracle, Nike, Walgreens and More Major Companies Reporting This Week

Investing

Published: December 16, 2018 7:15 am

Last Updated: January 11, 2020 1:39 pm

This past week was relatively flat for the U.S. broad markets, still better than the first week of December, which saw a 4% loss in both the S&P 500 and the Dow Jones industrial average. With December now in full swing, the number of major companies reporting tends to slow down as Christmas gets closer.

24/7 Wall St. has put together a preview of the earnings reports that are coming out this week. Here, we have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Oracle Corp. (NYSE: ORCL) is set to report its most recent quarterly results on Monday after the close. Analysts are looking for $0.78 in earnings per share (EPS) and $9.52 billion in revenue. Shares closed trading on Friday at $46.60, with a consensus price target of $52.90 and a 52-week trading range of $42.57 to $53.48.

Red Hat Inc. (NYSE: RHT) is expected to report its fiscal third-quarter results on Monday after the close as well. The consensus forecast sees EPS of $0.63 on $852.82 million in revenue. Shares were changing hands at $176.50 on Friday’s close. The consensus price target is $179.43, and the stock has a 52-week range of $115.31 to $179.49.

On Tuesday, FedEx Corp. (NYSE: FDX) is scheduled to reveal its fiscal second-quarter results. The consensus estimates are $3.96 in EPS and $17.76 billion in revenue. Shares closed trading at $184.11, while the consensus price target is $279.07. The 52-week trading range is $183.55 to $274.66.

Micron Technology Inc. (NASDAQ: MU) will share its latest quarterly earnings on Tuesday afternoon. The consensus estimates call for $2.94 in EPS and $8.02 billion in revenue. Shares were last seen trading at $34.20, in a 52-week range of $33.82 to $64.66. The consensus analyst target is $58.81. Also check out our more in-depth preview of Micron.

Rite Aid Corp. (NYSE: RAD) is expected to report its most recent quarterly results on Wednesday. The consensus analyst estimates call for a net loss of $0.01 per share and revenue of $5.45 billion. Shares of Rite Aid traded at $0.89 on Friday’s close. The consensus price target is $1.25, and the 52-week range is $0.88 to $2.55.

BlackBerry Ltd. (NYSE: BB) is expected to report its fiscal third-quarter results on Thursday before the open. The consensus forecast sees a net loss of $0.01 per share on $214.45 million in revenue. Shares were changing hands at $7.60 as the week came to a close. The consensus price target is $11.54, and the stock has a 52-week range of $7.68 to $14.55.

Nike Inc. (NYSE: NKE) will share its latest quarterly earnings on Thursday afternoon. The consensus estimates call for $0.46 in EPS and $9.17 billion in revenue. Shares ended the week at $72.53, in a 52-week range of $60.13 to $86.04. The consensus analyst target is $87.45.

Walgreens Boots Alliance Inc. (NASDAQ: WBA) is expected to report its most recent quarterly results on Thursday as well. The consensus analyst estimates are $1.43 in EPS and revenue of $33.75 billion. Shares of Walgreens closed at $78.71 on Friday. The consensus price target is $78.45, and the 52-week trading range is $59.07 to $86.31.