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Adobe, FedEx and More Earnings to Watch For This Week
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The second-quarter earnings season is all but over, though a few major companies have yet to share their results. While these firms aren’t Apple, Boeing or Exxon, each still plays a role in where the market could go from here. 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.
Cracker Barrel Old Country Store Inc.’s (NASDAQ: CBRL) fiscal fourth-quarter results are expected before the open on Tuesday. The analysts’ consensus forecast is $2.48 in earnings per share (EPS) and revenue of $773.97 million. Shares of this restaurant and gift shop operator were changing hands at $164.29 as the week ended. The consensus price target is $165.17, and the trading range in the past year is $141.63 to $185.00.
Adobe Inc. (NASDAQ: ADBE) is scheduled to report its fiscal third-quarter results after the close on Tuesday. The consensus estimates call for a profit of $1.97 per share and revenue at $2.82 billion from this software giant. Shares were trading at $278.35 on Friday’s close. The consensus price target is $311.92, and the 52-week trading range is $204.95 to $313.11.
The Chewy Inc. (NYSE: CHWY) earnings report is due late on Tuesday as well. The consensus estimates are a net loss of $0.11 per share and $1.11 billion in revenue for the fiscal second quarter. Shares of this pet products provider ended the week at $29.48. The consensus price target is $36.90, and the post-IPO trading range is $29.03 to $41.34.
Look for FedEx Corp. (NYSE: FDX) also to release its most recent quarterly results after Tuesday’s closing bell. The consensus forecast calls for $3.17 in EPS and $17.09 billion in revenue for the fiscal first quarter. Shares traded most recently at $174.10. The consensus price target is $187.72, and shares have traded between $147.82 and $259.25 in the past 52 weeks.
General Mills Inc. (NYSE: GIS) will report its fiscal first-quarter results first thing on Wednesday. Analysts are looking for per-share earnings of $0.77 and $4.08 billion in revenue. Shares ended the week at $53.97, just above the consensus price target of $53.73. The stock has a 52-week trading range of $36.42 to $56.40.
And Darden Restaurants Inc. (NYSE: DRI) is expected to release its most recent quarterly results early Thursday. The consensus forecast calls for $1.35 in EPS and $2.14 billion in revenue for the fiscal first quarter. Shares closed on Friday at $127.34. The consensus price target is $127.12, and shares have traded between $95.83 and $128.41 in the past 52 weeks.
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