Investing

BlackBerry, Conagra, FedEx, Micron, Nike and More Earnings Coming This Week

Chris Lange

Published: December 15, 2019 7:05 am

Last Updated: January 30, 2020 12:09 pm

The third-quarter earnings reporting season has wound down, but a few major companies still will be sharing their fiscal results in the coming days. Here, 24/7 Wall St. has put together a preview of the most prominent earnings reports expected in the week before Christmas.

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.

FedEx Corp.’s (NYSE: FDX) fiscal second-quarter report is due late on Tuesday. The consensus estimates call for $2.79 in earnings per share (EPS) and $17.59 billion in revenue. Shares traded at $165.67 on Friday’s close. The consensus price target is $172.19, and the 52-week range trading range is $137.78 to $199.32.

Fiscal second-quarter results for General Mills Inc. (NYSE: GIS) are expected first thing Wednesday. The consensus estimates are earnings of $0.88 per share on revenue of $4.43 billion. Shares closed at $51.60 on Friday, while the consensus price target is $54.71. The 52-week range trading range is $36.42 to $56.40.

Micron Technology Inc. (NASDAQ: MU) is scheduled to report its fiscal first-quarter results late Wednesday. The consensus estimates call for $0.47 in EPS and revenue of $5.02 billion. Shares were changing hands at $51.20 on last look. The analysts’ mean price target of $54.93 is above the 52-week trading range of $28.39 to $52.32.

Look for Carnival Corp. & PLC (NYSE: CCL) to share its most recent quarterly results before Thursday’s open. The consensus forecast calls for $0.51 in EPS and $4.59 billion in revenue for the fiscal fourth quarter. Shares closed at $47.45 on Friday. The consensus price target is $48.00, and shares have traded between $39.92 and $59.24 in the past 52 weeks.

The Conagra Brands Inc. (NYSE: CAG) fiscal second-quarter report is due early on Thursday. The consensus estimates call for $0.57 in earnings per share (EPS) and $2.8 billion in revenue. Shares ended the week trading at $28.45. The consensus price target is $31.60, and the 52-week range trading range is $20.22 to $31.83.

The report from Rite Aid Corp. (NYSE: RAD) is expected Thursday morning as well. The third-quarter consensus estimates are $0.09 EPS on revenue of $5.42 billion. Shares closed most recently at $7.57, in a 52-week range of $5.04 to $20.00. The consensus price target is just $6.25.

Nike Inc. (NYSE: NKE) is scheduled to report its fiscal second-quarter earnings Thursday afternoon. The consensus estimates call for $0.57 in EPS and revenue of $10.07 billion. Shares were changing hands at $97.77 on Friday’s close. The $103.60 mean price target compares with a 52-week trading range of $66.53 to $98.18.

BlackBerry Ltd. (NYSE: BB) is expected to share its fiscal third-quarter numbers before Friday’s open. The consensus estimates call for a net loss of $0.02 per share and revenue of $275.73 million. Shares were last seen trading at $5.66 apiece. The consensus price target is $7.65, and the 52-week trading range is $4.86 to $10.29.

Watch for CarMax Inc. (NYSE: KMX) to release its most recent quarterly results on Friday morning too. The consensus forecast calls for $1.15 in EPS and $4.65 billion in revenue for the fiscal third quarter. Shares ended last week at $97.88. The consensus price target is $101.58. The share price has ranged from $55.24 to $100.49 in the past 52 weeks.