We are now about as far away from ‘earnings season’ as one can get but that does not mean there are not some market-moving and sector-moving stocks due with earnings. Most earnings will be on Thursday but there are others to watch as well. Next week’s top sector-moving or market-moving earnings will be from Best Buy Co., Inc. (NYSE: BBY), Discover Financial Services (NYSE: DFS), FedEx Corporation (NYSE: FDX), Ora
cle Corporation (NASDAQ: ORCL), Research In Motion Limited (NASDAQ: RIMM), and Rite Aid Corp. (NYSE: RAD). Carnival Corporation & Carnival plc (NYSE: CCL) is still a wild card and may not report until the following week.
We have compiled earnings and revenue estimates as well as guidance estimates from Thomson Reuters for consensus data. We have added in data on the moves the companies have made, offered trading ranges, added in other color where applicable, and named some competitors to watch on the news.
Best Buy Co., Inc. (NYSE: BBY) is due Tuesday morning and we are going to get to see just how well all these consumer electronics are selling. Analysts are calling for earnings of $0.60 EPS and $12.47 billion in revenue. For the quarter ahead, those estimates are $2.05 EPS and $17.06 billion in revenues. Shares are currently around $41.85 and the 52-week range is $30.90 to $48.83.
Next Thursday is going to feel like a little mini-earnings season as we have several key players due to report earnings.
Discover Financial Services (NYSE: DFS) is not a market mover but it sort of acts as a ‘credit proxy at the street level’ as its card customers are more tied to the basic economy. Research from this week points to a continued drop in delinquencies and in charge-offs and write-downs. Analysts are calling for earnings of $0.42 EPS and $1.63 billion in revenue. For the quarter ahead, those estimates are $0.45 EPS and $1.66 billion in revenues. Shares are currently around $19.10 and the 52-week range is $12.11 to $19.23.
FedEx Corporation (NYSE: FDX) is also due next Thursday and of course you can expect that UPS may move somewhat in tandem with it. With higher rates coming and with shipping high in the holidays, there is a belief that raised guidance may come again. Analysts are calling for earnings of $1.31 EPS and $9.71 billion in revenue. For the quarter ahead, those estimates are $1.10 EPS and $9.64 billion in revenues. Shares are currently around $93.50 and the 52-week range is $69.78 to $97.75.
