Top 7 Earnings for the Coming Week
24/7 Wall St. has put together a preview of Rite Aid, FedEx and some of the major companies reporting earnings in the coming week.
[cnxvideo id=”509258″ placement=”ros”]24/7 Wall St. has put together a preview of some of the major companies reporting in the coming week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and recent trading history.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Adobe Systems Inc. (NASDAQ: ADBE) will share its most recent quarterly results on Tuesday. The consensus estimates call for earnings per share (EPS) of $0.72 and $1.45 billion in revenue. Shares closed trading at $98.93 on Friday, in a 52-week trading range of $71.27 to $104.16. The stock has a consensus analyst price target of $112.46.
FedEx Corp. (NYSE: FDX) is scheduled to report its fiscal first-quarter results on Tuesday as well. The consensus estimates have EPS at $2.78 and $13.81 billion in revenue. Its shares were changing hands at $158.89 as last week came to a close. The consensus price target is $181.78, and the 52-week range is $119.71 to $169.57.
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CarMax Inc. (NYSE: KMX) will release its latest quarterly earnings on Wednesday. The consensus estimates call for $0.88 in EPS and $4.09 billion in revenue. Shares were at $56.50 on Friday’s close, in a 52-week range of $41.25 to $62.68. The consensus price target is $61.56.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) is set to report its fiscal second-quarter results on Wednesday. The consensus estimates predict $1.16 in EPS and $3.05 billion in revenue. Shares were changing hands at $43.20 on Friday’s close. The consensus price target is just $43.06, and the stock has a 52-week range of $41.15 to $61.90.
Red Hat Inc. (NYSE: RHT) is expected to report its fiscal second-quarter results on Wednesday. The consensus forecast calls for $0.45 in EPS and revenue of $26.81 billion. Shares of Red Hat ended last week at $73.80. The consensus price target is $87.71. The 52-week trading range is $59.59 to $84.44.
AutoZone Inc. (NYSE: AZO) is scheduled to report its fiscal fourth-quarter results on Thursday. The consensus estimates have EPS at $14.26 and $3.43 billion in revenue. The shares were changing hands at $735.52 as last week came to a close. The consensus price target is $859.10, and the 52-week range is $681.01 to $819.54.
Rite Aid Corp. (NYSE: RAD) will share its latest quarterly earnings on Thursday as well. The consensus estimates call for $0.03 in EPS and $8.17 billion in revenue. Shares were at $8.03 on Friday’s close, in a 52-week range of $5.88 to $8.74. The consensus price target is $8.88.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
