Nike, FedEx and Other Earnings on Deck This Week
We are counting down the final few days until Christmas this week, but there will still be plenty of action on the earnings front for investors to keep an eye on.
24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Note that these will the final notable quarterly reports of the year, as the days between Christmas and New Year’s will be virtually silent as far as earnings are concerned.
Carnival Corp. (NYSE: CCL) fiscal fourth-quarter results are scheduled for Tuesday morning. The consensus estimates are calling for $0.51 in earnings per share (EPS) and $4.15 billion in revenue. The shares were last seen trading at $65.95. The consensus price target is $72.98, and the 52-week trading range is $50.77 to $69.89.
FedEx Corp. (NYSE: FDX) is set to release its most recent quarterly results later on Tuesday. The consensus forecast for the fiscal second quarter calls for $2.89 in EPS on $15.68 billion in revenue. Shares ended the week at $240.05 apiece. The consensus price target is $243.88, and the 52-week range is $182.89 to $243.48.
Micron Technology Inc. (NASDAQ: MU) also will report its most recent quarterly results after the closing bell on Tuesday. The fiscal first-quarter consensus estimates are $2.19 in EPS and $6.41 billion in revenue. Shares closed trading at $42.40 on Friday, in a 52-week range of $20.19 to $49.89. The consensus price target is $53.93.
Look for General Mills Inc. (NYSE: GIS) fiscal second-quarter results before trading begins on Wednesday. The consensus forecast is $0.83 in EPS on $4.08 billion in revenue. Shares were last seen trading at $56.89, though the consensus price target is down at $54.79. The 52-week range is $49.65 to $63.74.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) is expected to release its fiscal third-quarter quarterly results later on Wednesday. The consensus forecast calls for $0.37 in EPS and $2.90 billion in revenue. Shares ended the week at $22.62. The consensus price target is $23.88, and the 52-week range is $19.07 to $47.57.
Conagra Brands Inc.’s (NYSE: CAG) fiscal second-quarter report is scheduled for first thing Thursday. Wall Street is looking for $0.52 in EPS and $2.06 billion in revenue. Shares closed trading at $37.76 on Friday, in a 52-week range of $32.16 to $41.68. The consensus price target is $40.43.
And Nike Inc. (NYSE: NKE) will share its most recent quarterly numbers after Thursday’s trading session concludes. The consensus estimates for the fiscal second quarter call for $0.41 in EPS and $8.39 billion in revenue. Shares were last seen trading at $64.79, in a 52-week range of $50.35 to $65.07. The consensus price target is just $60.49.