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Top 10 Earnings for the Week Ahead

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24/7 Wall St. has put together a preview of some of the major 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.

MannKind

MannKind Corp. (NASDAQ: MNKD) is expected to share its most recent quarterly results early Monday. The Thomson/First Call consensus estimates call for a net loss of $0.07 and $180,000 in revenue.

The company focuses on the discovery, development and commercialization of therapeutic products for diabetes in the United States. Its lead product is Afrezza inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes.

Shares of MannKind were trading at $2.87 on the close on Friday, within in a 52-week range of $2.64 to $7.88. The stock has a consensus analyst price target of $4.83.

Rackspace Hosting

Rackspace Hosting Inc. (NYSE: RAX) is scheduled to reveal its third-quarter results after Monday’s closing bell. The consensus estimates call for $0.20 in earnings per share (EPS), as well as $503.08 million in revenue.

Rackspace Hosting provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements.

Shares of Rackspace Hosting were trading at $28.28 as Friday’s session came to a close. The consensus price target is $39.88. The stock has a 52-week trading range of $23.65 to $56.20.

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D.R. Horton

D.R. Horton Inc. (NYSE: DHI) is set to report its fiscal fourth-quarter results before the markets open on Tuesday. The analysts’ consensus estimates call for EPS of $0.62 and $3.04 billion in revenue.

D.R. Horton operates as a homebuilding company, and it is engaged in the acquisition and development of land and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes and Crown Communities.

Shares of D.R. Horton were changing hands at $29.40 at week’s end. The consensus price target is $32.32, and the stock has a 52-week trading range of $22.12 to $33.06.

Macy’s

Macy’s Inc. (NYSE: M) is scheduled to report its latest results first thing Wednesday. The consensus analyst estimates call for $0.54 in EPS and revenue of $6.12 billion for its fiscal third-quarter.

This Cincinnati-based company operates stores and websites in the United States that sell a range of merchandise, including apparel and accessories for men, women and children; cosmetics; home furnishings; and other consumer goods.

Shares of Macy’s ended last week at $48.90. The analysts’ consensus price target is $60.74. The share price has ranged from $47.10 to $73.61 over the past year.

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Applied Materials

Applied Materials Inc. (NASDAQ: AMAT) is expected to share its latest quarterly earnings on Thursday after the markets close. The consensus estimates call for per-share earnings of $0.29 and $2.40 billion in revenue.

This company provides manufacturing equipment, services and software to the semiconductor, flat panel display, solar photovoltaic (PV) and related industries worldwide. Its Silicon Systems Group segment develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

Applied Materials shares closed trading at $17.05 on Friday. The stock has a 52-week trading range of $14.25 to $25.71, as well as a consensus analyst price target of $20.93.

Cisco Systems

Cisco Systems Inc. (NASDAQ: CSCO) also is on deck to report its fiscal first-quarter results late on Thursday. The analysts’ consensus estimates call for EPS of $0.56 and $12.65 billion in revenue.

This company sells Internet protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points and servers, as well as next-generation network routing products that interconnect public and private wireline and mobile networks for multiple applications.

Shares of Cisco were changing hands at $28.45 as last week’s trading came to a close. The consensus price target is $31.14, and the stock has a 52-week trading range of $23.03 to $30.31.

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IGT

International Game Technology PLC (NYSE: IGT) will share its latest quarterly earnings on Thursday as well. The consensus estimates call for earnings of $0.31 per share on $1.27 billion in revenue.

This company provides a range of services and technology products across lotteries, machine gaming, sports betting and interactive gaming markets in North America and internationally. It provides online lottery transaction processing systems and a suite of lottery-enabled point-of-sale terminals, as well as supplies instant ticket games.

IGT shares were at $16.36 as Friday trading concluded, within a 52-week trading range of $14.34 to $21.23. The consensus price target is $19.92.

Kohl’s

Kohl’s Corp. (NYSE: KSS) is scheduled to reveal its fiscal third-quarter results before Thursday’s opening bell. Analysts on average are looking for EPS of $0.72, as well as revenue totaling $4.42 billion.

This company operates department stores in the United States, in which shoppers can find private label, exclusive and national brand apparel, footwear, accessories and beauty and home products for children, men and women customers.

Shares of Kohl’s closed trading at $46.57 on Friday. The consensus price target is $56.40. The stock has a 52-week trading range of $43.45 to $79.60.

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Petrobras

Petroleo Brasileiro S.A. (NYSE: PBR) is expected to reveal its latest quarterly earnings Thursday afternoon. The consensus estimates call for $0.04 in EPS and $22.83 billion in revenue.

Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development and production of crude oil, natural gas liquids, and natural gas, as well as the sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.

Petrobras traded at $5.06 in New York on Friday’s close. That is within a 52-week trading range of $3.72 to $11.13. The stock has a consensus analyst price target of $6.70.

J.C. Penney

J.C. Penney Co. Inc. (NYSE: JCP) is set to report its fiscal third-quarter results first thing on Friday. The analysts’ consensus estimates call for a net loss of $0.55 per share, but for $2.87 billion in revenue.

This struggling retailer sells merchandise through department stores in the United States. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products and home furnishings, as well as provides various services, including styling salons, optical, portrait photography and custom decorating.

Shares of J.C. Penney were changing hands at $8.74 as last week came to a close. The consensus price target is $10.03, and the stock has a 52-week trading range of $5.90 to $10.09.

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