24/7 Wall St. has put together a preview of some of the companies reporting their quarterly results this week. 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.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well. It is worth noting that only a few of these stocks are real market movers, but we can expect that some of them may move handily based around various earnings.
BlackBerry Ltd. (NASDAQ: BBRY) is scheduled to release its most recent quarterly results on Tuesday before the markets open. The consensus estimates are a net loss of $0.03 per share on $690.39 million in revenue. In the incredibly competitive smartphone field, BlackBerry has been battered, and it seems nearly impossible to believe that it can turn itself around.
Most analysts’ sentiments reflect this belief because they are generally all neutral or negative. Credit Suisse’s Kulbinder Garcha reiterated an Underperform rating for BlackBerry with a price target of $6. The firm maintains that the continued decline of service revenue coupled with the limited visibility of mobile device management (MDM) remains the principal risk to the turnaround. The firm continues to have reservations on BlackBerry’s ability to ramp up software and operate more competitively.
Shares were trading at $8.91 at the end of Friday’s trading session. The consensus analyst price target is $9.23, and the stock has a 52-week trading range of $8.59 to $12.63.
Micron Technology Inc. (NASDAQ: MU) is set to report its fiscal third-quarter results on Thursday. The consensus estimates call for $0.59 in earnings per share (EPS) and $3.93 billion in revenue. Micron is a global leader in advanced semiconductor systems. Its broad portfolio of high-performance memory technologies, including DRAM, NAND and NOR Flash, is the basis for solid state drives, modules, multichip packages and other system solutions. The company’s memory chip solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.
Micron and Intel announced recently the availability of their 3D NAND technology, the world’s highest-density flash memory. Flash is the storage technology used inside the lightest laptops, fastest data centers and nearly every cell phone, tablet and mobile device.
Micron shares were changing hands at $24.47 on Friday’s close. The consensus price target is $37.30, and the 52-week trading range is $23.70 to $36.59.