24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this coming week. We are just exiting the main earnings season, but some companies still report in this down time. 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, AutoZone Inc. (NYSE: AZO) will share its most recent quarterly results. The consensus estimates call for earnings per share (EPS) of $10.92 and $2.65 billion in revenue. Currently this company trades at about 18 times against fiscal 2016 earnings estimates. Back in March the company announced a new share buyback plan to add on to the current one with additional $750 million in common stock.
Shares traded at $761.56 at the close on Friday, in a 52-week range of $662.70 to $810.00. The stock has a consensus analyst price target of $852.00.
Look for Best Buy Co. Inc. (NYSE: BBY) to reveal its fiscal first-quarter results on Tuesday as well. The consensus estimates call for $0.35 in EPS, as well as $8.29 billion in revenue. The company offers sharp discounts on some of the items sold at BestBuy.com. The consumer electronics retailer may do this for several reasons. Among them are clearance of inventory that would not sell quickly without discounts, a method to bring in customers who might buy other items on which Best Buy makes larger margins, or a means to keep pace with online sales by Amazon.
Shares were trading at $32.34 on Friday’s close. The consensus price target is $34.44. The stock has a 52-week trading range of $25.31 to $39.10.
Hewlett Packard Enterprise
Fiscal second-quarter results from Hewlett Packard Enterprise Co. (NYSE: HPE) are due on Tuesday. The analysts’ consensus estimates are EPS of $0.42 and $12.35 billion in revenue. After historically taking a siloed approach to managing the business, this company is working to integrate its research and development and go-to-market efforts across product areas and business units. Considering its leading presence in each major information technology (IT) hardware segment and IT services, analysts are saying that the company has a unique opportunity to emerge as a leading IT provider.
Shares ended last week at $15.87. The consensus price target is $17.68, and the stock has a 52-week trading range of $11.63 to $18.55.
Costco Wholesale Corp. (NASDAQ: COST) is scheduled to report its fiscal third-quarter results on Wednesday. The consensus analyst estimates call for $1.23 in EPS and revenue of $27.12 billion. The company reported that April same-store sales, including gasoline sales and foreign exchange effects, were flat in the United States, up 2% in Canada and down 3% internationally. Globally, same-store sales were flat compared with April 2015. Excluding gasoline and currency exchange effects, U.S. sales rose 2%, Canadian sales rose 7% and international sales rose 1%. On the same basis, worldwide same-stores sales in the quarter rose 3%. Net sales for the month totaled $8.98 billion, up 3% year over year. Retail Metrics had projected a same-store sales gain of 1.1% (up 4.3% excluding gasoline sales).
Costco closed at $142.69 on Friday. The consensus price target is $168.55. The 52-week trading range is $117.03 to $169.73.