24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are on the way out of earnings season, when most major companies report and set a direction for the market. Here 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.
On Tuesday, Home Depot Inc. (NYSE: HD) is expected to share its most recent quarterly results. The consensus estimates call for earnings per share (EPS) of $1.35 and $22.28 billion in revenue. This company remains the undisputed leader in the home improvement retail category.
Home Depot is the world’s largest home improvement specialty retailer, with 2,270 retail stores and has a presence in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.
The share price was $133.13 as trading ended on Friday, in a 52-week trading range of $92.17 to $137.82. The stock has a consensus analyst price target of $145.17.
Look for fiscal third-quarter results from Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday. The consensus estimates call for $0.55 in EPS, as well as $11.97 billion in revenue. This is the one company dominating the networking and communications above its peers. Its growth has been hampered by the slowness in global growth markets of Brazil, China, Russia and others. But now it actually might start to win from the U.S. dollar’s strength taking a pause. Cisco remains a stock to own for the decade.
Shares were trading at $26.53 on Friday’s close. The consensus price target is $29.68. The stock has a 52-week range of $22.46 to $29.90.
Home Depot’s rival, Lowe’s Companies Inc. (NYSE: LOW), is scheduled to report its fiscal first-quarter results on Wednesday. The analysts’ consensus estimates call for EPS of $0.84 and $14.81 billion in revenue. In the most recent earnings report, Lowe’s management was very positive on its outlook for 2016.
CEO Robert Niblock believes that the company will continue to leverage the favorable macroeconomic backdrop for home improvement, providing customers with complete solutions for their home improvement projects.
Shares were changing hands at $75.01 on Friday’s close. The consensus price target is $83.61, and the 52-week range is $62.62 to $78.13.