3 Key Earnings Reports to Watch in the Week Ahead

Monsanto

Monsanto Co. (NYSE: MON) is set to post its fiscal second-quarter results Wednesday before the opening bell. Consensus estimates call for earnings per share (EPS) of $2.93 and $5.58 billion in revenue.

Near-term headwinds in agriculture persist, but Monsanto believes that it has the ability to deliver new solutions to help farmers improve yields while efficiently using resources provides the opportunity to deliver growth in both the current environment and over the longer term. However, this quarter is not looking good. The company expects these earnings to be down 5% to 10% year-over-year, as it stated in its most recent earnings report.

Shares were changing hands at $112.73 on Friday’s close. The consensus price target is $135.05. The 52-week trading range is $105.76 to $128.79.

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CarMax

CarMax Inc. (NYSE: KMX) is scheduled to report its fiscal fourth-quarter financial results on Thursday before the U.S. markets open. The consensus estimates call for an EPS of $0.60 and $3.50 billion in revenue.

In the previous earnings report, there was continued strong performance in the used, wholesale and auto finance operations. This has been pushing the stock up near its 52-week highs over the past quarter. Perhaps another strong quarter is in the works.

Shares were trading at $66.69 at the end of Friday’s session, just below the consensus analyst price target of $67.36. The 52-week trading range is $42.54 to $68.71.

Micron Technology

Micron Technology Inc. (NASDAQ: MU) is scheduled to report its fiscal second-quarter earnings on Thursday after the markets close. The consensus estimates call for $0.76 in EPS and revenue of $4.18 billion.

Intel and Micron announced this week the availability of their 3D NAND technology, the world’s highest-density flash memory. As a result, 3D NAND technology is poised to make a dramatic impact, aiming for continued performance gains and cost savings, driving more widespread use of flash storage.

Shares were trading at $26.67 as the week came to a close. The consensus price target is $41.60, and the stock has a 52-week trading range of $21.02 to $36.59.

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