24/7 Wall St. has put together a preview of some of the larger companies across multiple sectors reporting their quarterly results at the beginning of May. We have reviewed the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
The companies scheduled to report this week include Herbalife Ltd. (NYSE: HLF), Chesapeake Energy Corp. (NYSE: CHK), Occidental Petroleum Corp. (NYSE: OXY), Tesla Motors Inc. (NASDAQ: TSLA), Transocean Ltd. (NYSE: RIG), Whole Foods Market Inc. (NASDAQ: WFM), Apache Corp. (NYSE: APA) and Silver Wheaton Corp. (NYSE: SLW).
Herbalife will release its most recent quarterly results on Tuesday. The consensus estimates are $1.01 in earnings per share (EPS) on $1.09 billion in revenue.
The stock may still be way down from when activist investor Bill Ackman first publicly went after the maker of vitamins and health products. Needless to say, the attacks caused serious declines in the share price after constant pressure to make the pyramid scheme argument case against the company. That being said, the shares also have bounced handily of late. It is impossible to know what the real outcome will be here. Still, some investors may be wondering if Herbalife shares have bottomed out.
Herbalife shares closed trading Friday at $41.62. The consensus analyst price target is $58.50, and the stock has a 52-week trading range of $27.60 to $69.69.
When Chesapeake reports its first-quarter results on Wednesday, the consensus estimates call for $0.04 in EPS and $3.68 billion in revenue.
Goldman Sachs puts Chesapeake as one of its top energy picks. The firm sees upside of close to 55% here. Goldman raised Chesapeake up to Buy from Neutral back on January 12 with a target price of $23 at the time — when shares were at a dividend-adjusted share price of $18.28 the day prior to the call.
Chesapeake shares ended trading at $16.54 on Friday. The consensus price target is $16.92, and the stock has a 52-week trading range of $13.38 to $29.92.