Top 3 Earnings Reports Coming Out Wednesday

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The broad markets have backed off their new highs as we are halfway through the third month of 2017. Most of the retail stocks already have released their fiscal fourth-quarter results, and we are currently between earnings seasons. However, a few stragglers are reporting this week. 24/7 Wall St. has put together a preview of some of those companies sharing their latest results on Wednesday.

The Dow Jones Industrial Average is back below 21,000 and the S&P 500 holding steady just above 2,350. While the Dow has closed higher for weeks, it seems that this recent pullback has been a solidifying factor for the markets. Although we are currently in the earnings doldrums, quarterly reports over the past month have helped to solidify the broad markets.

We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Guess? Inc. (NYSE: GES) will share its most recent quarterly results after the markets close. The consensus estimates call for $0.44 in earnings per share (EPS) and $685.98 million in revenue. Shares were trading at $11.92 early on Tuesday, in a 52-week range of $11.55 to $22.02. The stock has a consensus analyst price target of $15.19.

Also after the markets close Wednesday, Oracle Corp. (NYSE: ORCL) is scheduled to release its fiscal third-quarter financial results. The consensus estimates are $0.62 in EPS on $9.26 billion in revenue. Shares were last seen at $42.51, with a consensus price target of $44.36 and a 52-week trading range of $37.62 to $43.26.

And the latest quarterly earnings from Jabil Circuit, Inc. (NYSE: JBL) are expected late on Wednesday as well. The consensus estimates call for $0.46 in EPS and $4.37 billion in revenue. Shares were recently trading at $26.48, in a 52-week range of $16.78 to $26.49. The consensus price target is $25.38.