Beyond Meat, Campbell Soup, GameStop, Salesforce and More Earnings Coming This Week

Investing

Published: June 2, 2019 10:35 am

Last Updated: January 30, 2020 8:08 pm

The latest earnings reporting season has all but wound down, but a few major companies have yet to share their off-season results. With summer imminent, many are taking vacations and markets tend to slow down. Although, with concerns over trade wars, who knows what could happen. Still, 24/7 Wall St. has put together a preview of the most prominent earnings reports expected this week.

We have included the consensus earnings estimates, 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.

Watch for Ambarella Inc. (NASDAQ: AMBA) to release its most recent quarterly results late on Tuesday. The consensus forecast calls for a net loss of $0.05 per share and $47.01 million in revenue for the fiscal first quarter. Shares traded most recently at $37.91. The consensus price target is $46.78, and shares have traded between $30.00 and $52.12 in the past 52 weeks.

GameStop Corp. (NYSE: GME) is scheduled to report its fiscal first-quarter results after the close on Tuesday. The video game retailer recently got a new CEO, and now its time to see if this new chief executive has paid off. The consensus estimates call for a net loss of $0.03 per share and revenue of $1.64 billion. Shares were last changing hands at $7.58. The consensus price target is $10.09, and the 52-week trading range is $7.32 to $17.27.

Salesforce.com Inc.’s (NYSE: CRM) fiscal first-quarter report is due after Tuesday’s closing bell as well. The consensus estimates call for $0.61 in earnings per share (EPS) and $3.68 billion in revenue. Salesforce is included on Merrill Lynch’s US 1 List. Shares ended last week at $151.41. The consensus price target is $182.18, and the 52-week range trading range is $113.60 to $167.56.

Look for Campbell Soup Co. (NYSE: CPB) to release its most recent quarterly results early on Wednesday. The consensus forecast calls for $0.47 in EPS and $2.36 billion in revenue for the fiscal third quarter. The stock recently had a golden cross pattern, and the shares close at $36.31 on Friday. The consensus price target is $34.83, and shares have traded between $32.03 and $43.98 in the past 52 weeks.

Stitch Fix Inc. (NASDAQ: SFIX) is expected to report its fiscal third-quarter results Wednesday afternoon. On average, analysts anticipate a net loss of $0.03 per share and $394.85 million in revenue. Shares closed at $23.16 on Friday. The consensus price target is $36.63. The stock has a 52-week trading range of $16.05 to $52.44.

The Signet Jewelers Ltd. (NYSE: SIG) fiscal first-quarter report is scheduled for Thursday before the opening bell. The consensus forecast calls for a net loss of $0.22 per share on revenue of $1.42 billion. Shares traded at $18.86 apiece on Friday’s close. The consensus price target is $26.83, and the 52-week trading range is $18.29 to $71.07.

Michaels Companies Inc. (NASDAQ: MIK) also will report its fiscal first-quarter results early on Thursday. Analysts are looking for $0.31 in EPS and $1.11 billion in revenue. Shares ended the week at $9.11, but the consensus price target is $15.45. The stock has a 52-week trading range of $8.84 to $22.15.

Beyond Meat Inc.’s (NASDAQ: BYND) fiscal first-quarter results are due after the close on Thursday. The consensus estimates call for a net loss of $0.15 per share and revenue of $40 million. See what analysts have to say Beyond Meat now that the quiet period is over. Shares were last seen changing hands at $104.21. The consensus price target is $81.00, and the post-IPO trading range is $45.00 to $105.25.

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