Earnings season is supposed to be over. Guess again. This coming week is going to feel like the earnings floodgates are open and the companies reporting have market-moving and sector-moving abilities. Monday brings Renren Inc, (NYSE: RENN). Tuesday we get to see earnings from Adobe Systems Inc. (NASDAQ: ADBE), Barnes and Noble Inc. (NYSE: BKS), Carnival Corporation (NYSE: CCL), China Automotive Systems Inc. (NASDAQ: CAAS), Commercial Metals Co. (NYSE: CMC), Gerber Scientific Inc. (NYSE: GRB), Jabil Circuit Inc. (NYSE: JBL), Jefferies Group Inc. (NYSE: JEF), and Walgreen Co. (NYSE: WAG). On Wednesday, we get earnings from the likes of Bed Bath & Beyond Inc. (NASDAQ: BBBY), Carmax Inc. (NYSE: KMX), Fedex Corporation (NYSE: FDX), Paychex Inc. (NASDAQ: PAYX), and Red Hat Inc. (NYSE: RHT). We also have key reports on Thursday coming from the likes of ConAgra Foods Inc. (NYSE: CAG), H & R Block Inc. (NYSE: HRB), Lennar Corporation (NYSE: LEN), Micron Technology Inc. (NASDAQ: MU), Oracle Corporation (NASDAQ: ORCL), and Rite Aid Corporation (NYSE: RAD).
We have given a detailed preview on each, shown effective price data, and added in color if applicable. It is amazing to see this many companies with earnings due.
Renren Inc, (NYSE: RENN) has been a pig of an IPO and we will get to see if this is just another China bash or if there is anything real under the hood on Monday. Thomson Reuters has no estimates yet. Shares are trading around $6.92 and the 52-week trading range is $6.55 to $24.00. Renren was touted as “The Facebook of China” but its stock and the scandal from right before the earnings turned it into “The Face$%^& of China.”
Adobe Systems Inc. (NASDAQ: ADBE) reports Tuesday and Thomson Reuters has estimates of $0.51 EPS and $994.79 million in revenues; next quarter estimates are $0.54 EPS and $1.02 million in revenues. Shares are trading around $30.67 and the 52-week trading range is $25.45 to $35.99.
Barnes and Noble Inc. (NYSE: BKS) is interesting considering that it is at a premium to its implied buyout price. Thomson Reuters has estimates of -$0.91 EPS and $1.39 billion in revenues; next quarter estimates are -$0.88 EPS and $1.45 billion in revenues. Shares are trading around $20.00 and the 52-week trading range is $8.45 to $20.46.