Retail
Home Depot, Nordstrom, Macy's and More Major Retailers Reporting This Week
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The first round of retail earnings has come and gone. Now we are seeing more major retailers getting ready to report. The broad markets have rallied, with the Dow Jones industrial average right around 26,000. Although retailers were somewhat subdued last week, all the new earnings reports coming out could mean a change of pace.
24/7 Wall St. has reviewed some of the key retailers reporting this coming week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies change earnings dates as well.
AutoZone Inc. (NYSE: AZO) is expected to post its latest quarterly results early Tuesday. The analysts’ consensus estimates call for earnings per share (EPS) of $9.96 on $2.45 billion in revenue. Shares closed on Friday at $911.66 apiece. The stock has a 52-week trading range of $590.76 to $926.75, as well as a consensus price target of just $919.59.
Home Depot Inc. (NYSE: HD) is set to report its fiscal fourth-quarter results before the markets open Tuesday. The consensus estimates are EPS of $2.16 and $26.57 billion in revenue. Shares were last changing hands at $192.39 apiece. The consensus price target is $203.07, and the stock has a 52-week trading range of $159.09 to $215.43.
Macy’s Inc. (NYSE: M) will share its most recent quarterly earnings on Tuesday as well. The consensus estimates call for $2.53 in EPS on $8.45 billion in revenue. Shares ended the week at $24.06, in a 52-week range of $23.95 to $41.99. The consensus price target is $26.86.
Office Depot Inc. (NYSE: ODP) is expected to post its latest quarterly results early Wednesday. The consensus forecast calls for EPS of $0.08 on $2.68 billion in revenue. Shares closed Friday’s trading at $3.35 apiece. The stock has a 52-week trading range of $2.00 to $3.63, as well as a consensus price target of just $3.43.
Look for Best Buy Co. (NYSE: BBY) to report its fiscal fourth-quarter results before the markets open Wednesday as well. The analysts are looking for EPS of $2.57 and $14.7 billion in revenue. Shares were last seen changing hands at $60.44. The consensus price target is $70.16, and the 52-week trading range is $47.72 to $84.37.
Lowe’s Companies Inc. (NYSE: LOW) also is set to share its latest quarterly earnings on Wednesday. The consensus estimates are $0.79 in EPS and $15.74 billion in revenue. Shares most recently closed at $106.27, in a 52-week range of $81.16 to $117.70. The stock has a consensus analyst target of $111.00.
L Brands Inc. (NYSE: LB) is due to share its latest quarterly earnings late on Wednesday. The consensus estimates call for $2.07 in EPS and $4.88 billion in revenue. Shares were last seen at $27.06, in a 52-week range of $23.71 to $50.42. The consensus analyst target is $33.66.
Thursday morning, J.C. Penney Co. Inc. (NYSE: JCP) is expected to share its latest quarterly results. The consensus estimates call for $0.11 in EPS and $3.79 billion in revenue. Shares were last seen at $1.23, in a 52-week range of $0.92 to $4.75. The stock has a consensus price target of $1.42.
Nordstrom Inc. (NYSE: JWN) will reveal its fiscal fourth-quarter results later Thursday. The consensus analyst estimates are $1.42 in EPS and revenue of $4.61 billion. Shares of Nordstrom closed at $44.04 on Friday, while the consensus price target is $52.00. The 52-week range is $43.04 to $67.75.
And Foot Locker Inc. (NYSE: FL) will share its most recent quarterly earnings on first thing Friday. Earnings will come in at $1.39 per share, on $2.18 billion in revenue, if analysts are correct. The shares ended the week at $59.64, in a 52-week range of $38.17 to $61.36. The consensus price target is $61.24.
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