Nike, Micron, Walgreens, FedEx, and More Major Earnings Coming This Week

June 23, 2019 by 247chrislange

Source: Thinkstock
The latest earnings reporting season has largely wound down, but a few major companies have yet to share their off-season results. With summer in full swing, many investors and traders are taking vacations and markets tend to slow down. Although, with concerns over trade wars, who knows what could happen. Still, 24/7 Wall St. has put together a preview of the most prominent earnings reports expected this week.

We have included the consensus earnings estimates, as well as the stock price and 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.

FedEx Corp. (NYSE: FDX) fiscal fourth-quarter report is due late on Tuesday. The consensus estimates call for $4.93 in earnings per share (EPS) and $17.88 billion in revenue. Shares traded at $165.79 late on Friday. The consensus price target is $205.21, and the 52-week range trading range is $150.68 to $259.25.

Micron Technology, Inc. (NASDAQ: MU) is scheduled to report its fiscal third-quarter results late Tuesday as well. The consensus estimates call for $0.83 in EPS and revenue of $4.77 billion. Shares were changing hands at $32.85 on last look Friday. The analysts’ mean price target is $44.86, and the 52-week trading range is $28.39 to $60.41.

Rite Aid Corp. (NYSE: RAD) is scheduled to report its fiscal first-quarter results on Wednesday. The consensus estimates call for a net loss of $0.07 per share and revenue of $5.38 billion. Shares pulled back late on Friday and were trading at $6.59 apiece. The consensus price target is $9.00, and the 52-week trading range is $6.39 to $42.40.

Watch for Walgreens Boots Alliance, Inc. (NASDAQ: WBA) to release its most recent quarterly results on Thursday. The consensus forecast calls for $1.43 in EPS and $34.47 billion in revenue for the fiscal third quarter. Shares were last seen at $52.64 late on Friday. The consensus price target is $57.90, and the share price has ranged from $49.31 to $86.31 in the past 52 weeks.

Nike, Inc. (NYSE: NKE) is scheduled to report its fiscal fourth-quarter earnings Thursday afternoon. The consensus estimates call for $0.66 in EPS and revenue of $10.17 billion. Shares were changing hands at $85.42 late on Friday. The analysts’ mean price target is $91.47, and the 52-week trading range is $66.53 to $90.00.

Conagra Brands, Inc. (NYSE: CAG) fiscal fourth-quarter report is due early on Thursday. The consensus estimates call for $0.41 in earnings per share (EPS) and $2.66 billion in revenue. Shares traded late on Friday at $28.86. The consensus price target is $33.17, and the 52-week range trading range is $20.22 to $39.10.

Look for Constellation Brands, Inc. (NYSE: STZ) to share its most recent quarterly results before Friday’s open. The consensus forecast calls for $2.09 in EPS and $2.07 billion in revenue for the fiscal first quarter. Shares traded at $184.01 late on Friday. The consensus price target is $221.64, and shares have traded between $150.37 and $233.00 in the past 52 weeks.

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