Investing

Top 5 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.

Conn’s

The most recent quarterly results from Conn’s Inc. (NASDAQ: CONN) are on tap for Tuesday. The consensus estimates call for earnings per share (EPS) of $0.28 and $455.78 million in revenue.

Ahead of the earnings report a couple of analysts weighed in:

  • Stephens upgraded it to an Overweight from Equal Weigh, and raised the price target to $29 from $27.
  • Piper Jaffray reiterated its Buy rating.

Shares were trading at $15.82 on the close on Thursday, in a 52-week trading range of $11.49 to $43.95. The stock has a consensus analyst price target of $27.33.


Lululemon Athletica

Scheduled to reveal its fiscal fourth-quarter results on Wednesday is Lululemon Athletica Inc. (NASDAQ: LULU). The consensus estimates call for $0.80 in EPS, as well as $691.61 million in revenue. This company had a very solid February, and ended up just over 1% for the month.

Lululemon designs, manufactures and distributes athletic apparel and accessories for women, men and female youth. It operates through two segments: Corporate-Owned Stores and Direct to Consumer. The company offers pants, shorts, tops and jackets for healthy lifestyle activities and athletic pursuits, such as yoga, running and general fitness, as well as dance-inspired apparel for female youth. It also provides fitness-related accessories, including bags, socks, underwear, yoga mats and water bottles.

Shares ended last week at $60.89, above the consensus price target of $60.58. The stock has a 52-week trading range of $43.14 to $70.00.

Micron Technology

On Wednesday, Micron Technology Inc. (NASDAQ: MU) is set to report its fiscal second-quarter results. The analysts’ consensus estimates call for a net loss of $0.07 per share and $3.05 billion in revenue. This top technology stock was absolutely mauled last year, down over 60%.

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.

Shares were changing hands at $10.50 as last week’s trading came to close. The consensus price target is $15.61, and the stock has a 52-week range of $9.31 to $29.78.

Voxeljet

Voxeljet A.G. (NYSE: VJET) is scheduled to report its fourth-quarter results on Thursday. The consensus analyst estimates call for a net loss of $0.12 per share and revenue of $7.59 million. 3D printing was an industry that took a backseat after 2014 and saw a significant downturn in this time as well. However, after one of the industry leaders reported earnings recently, Voxeljet and a few other major 3D printing stocks made significant runs. This could be a potential catalyst for Voxeljet’s earnings.

Shares of Voxeljet closed most recently at $5.35. The consensus price target is $5.77. The 52-week trading range is $3.50 to $9.35.

BlackBerry

Look for BlackBerry Ltd. (NASDAQ: BBRY) to share its latest quarterly earnings on Friday. The consensus estimates call for a net loss of $0.09 per share and $563.18 million in revenue. This company has witnessed one of the greatest falls from grace and prime time in the modern era of consumer electronics. The company has a relatively new CEO in John Chen, and he is considered stellar for keeping things up better than they might otherwise be. The problem here is that some analysts and some investors are still very concerned about BlackBerry’s future.

Shares closed at $7.59 before the holiday weekend, in a 52-week trading range of $5.96 to $11.09. The stock has a consensus price target of $7.81.

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