The Top 8 Earnings Previews for the Week Ahead
We are nearing the end of earnings season. Most major companies have now reported earnings and have set a direction for the market to treat their shares. Still, many key companies are reporting earnings in the coming week.
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.
Home Depot Inc. (NYSE: HD) will share its most recent quarterly results on Tuesday. The consensus estimates call for earnings per share (EPS) of $1.32 and $21.76 billion in revenue. The company operates as a home improvement retailer.
It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
Home Depot’s shares were at $121.13 near the close on Friday, in a 52-week trading range of $92.17 to $126.12. The stock has a consensus analyst price target of $131.48.
Wal-Mart Stores Inc. (NYSE: WMT) is scheduled to reveal its fiscal third-quarter results on Tuesday. The consensus estimates call for $0.98 in EPS, as well as $117.79 billion in revenue. The company operates retail stores in various formats worldwide.
The company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, just to name a few.
Some analysts also believe that Target is now more attractive than Wal-Mart. Shares were trading at $56.71 near Friday’s close. The consensus price target is $62.83. Wal-Mart’s stock has a 52-week trading range of $56.30 to $90.97.
Lowe’s Companies Inc. (NYSE: LOW) is set to report its fiscal third-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.78 and $14.31 billion in revenue. This is a home improvement company that ranks very high with consumers.
Lowe’s serves approximately 16 million customers a week in the United States, Canada and Mexico through its stores and online. With fiscal year 2014 sales of $56.2 billion, Lowe’s has more than 1,840 home improvement and hardware stores and 265,000 employees.
Shares were changing hands at $70.39 near Friday’s close. The consensus price target is $80.78, and the stock has a 52-week trading range of $57.96 to $76.25.