The first quarter of 2020 has begun and markets are just off all-time highs. Earnings season will begin in mid-to-late January, but in the meantime, a few major companies are reporting off-season results. Here, 24/7 Wall St. has put together a preview of the most prominent earnings reports expected in the first full trading week to start the new year.
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.
Levi Strauss & Co.’s (NYSE: LEVI | LEVI Price Prediction) fiscal first-quarter report is due late on Tuesday. The consensus estimates call for $0.21 in earnings per share (EPS) and $1.58 billion in revenue. Shares traded at $19.19 on Friday’s close. The consensus price target is $23.14, and the 52-week range trading range is $16.00 to $24.50.
Fiscal third-quarter results for Constellation Brands Inc. (NYSE: STZ) are expected first thing Wednesday. The consensus estimates see earnings of $1.85 per share on revenue of $1.95 billion. Shares closed at $189.53 on Friday, while the consensus price target is $225.26. The 52-week range trading range is $150.37 to $214.48.
Look for Lennar Corp. (NYSE: LEN) to share its most recent quarterly results before Wednesday’s open. The consensus forecast calls for $1.90 in EPS and $6.58 billion in revenue for the fiscal fourth quarter. Shares closed at $56.47 on Friday. The consensus price target is $65.93, and shares have traded between $39.96 and $62.63 in the past 52 weeks.
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Walgreens Boots Alliance Inc. (NASDAQ: WBA) is scheduled to report its fiscal first-quarter results early Wednesday as well. The consensus estimates call for $1.41 in EPS and revenue of $34.59 billion. Shares were changing hands at $59.08 on last look. The analysts’ mean price target of $57.11 is within the 52-week trading range of $49.03 to $74.94.
The Bed Bath & Beyond Inc. (NASDAQ: BBBY) fiscal third-quarter report is due late on Wednesday. The consensus estimates call for $0.02 in earnings per share (EPS) and $2.85 billion in revenue. Shares ended the week trading at $16.08. The consensus price target is $14.46, and the 52-week range trading range is $7.31 to $19.57.
Watch for KB Home (NYSE: KBH) to release its most recent quarterly results on Thursday morning. The consensus forecast calls for $1.28 in EPS and $1.61 billion in revenue for the fiscal fourth quarter. Shares closed at $34.91 most recently. The consensus price target is $37.60. The share price has ranged from $19.26 to $37.40 in the past 52 weeks.
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