Delta Air Lines, PepsiCo and Other Earnings to Watch For This Week
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. Things will be fairly quiet on the earnings front this week as the new earnings reporting season doesn’t kick off until the following week. Still, 24/7 Wall St. has put together a preview of a few notable quarterly reports expected this coming 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.
PepsiCo Inc.’s (NYSE: PEP) fiscal first-quarter report is due early on Tuesday. The company has one of the most valuable brands in the world, and the Wall Street consensus forecast calls for $1.50 in earnings per share (EPS) and $16.42 billion in revenue. Shares closed most recently at $133.02. The consensus price target is just $127.84, and the 52-week range trading range is $104.53 to $135.24.
Levi Strauss & Co. (NYSE: LEVI) is scheduled to report its fiscal second-quarter results later on Tuesday. The consensus estimates call for $0.13 in EPS and revenue of $1.30 billion. Shares were changing hands at $22.27 on last look. The analysts’ mean price target is $25.00, and the 52-week trading range is $18.92 to $24.50.
PriceSmart Inc. (NASDAQ: PSMT) is scheduled to report its fiscal third-quarter results after Wednesday’s close. The consensus estimates call for a profit of $0.46 per share and revenue of $791.38 million. Shares ended last week trading at $51.05 apiece. The consensus price target is $83.00, and the 52-week trading range is $48.06 to $88.65.
Look for Delta Air Lines Inc. (NYSE: DAL), which has one of the highest paid CEOs in America, to release its most recent quarterly results first thing on Thursday. The consensus forecast calls for $1.43 in EPS and $34.47 billion in revenue for the second quarter. Shares were last seen at $58.70. The consensus price target is $67.22, and the share price has ranged from $45.08 to $61.32 in the past 52 weeks.
Fastenal Co. (NASDAQ: FAST) also is scheduled to report earnings Thursday morning. The consensus estimates for the second quarter call for $0.37 in EPS and revenue of $1.38 billion. Shares of this industrial supplier were changing hands at $32.09 most recently. The mean price target is $33.64, and the 52-week trading range is $23.68 to $35.94.
And the Infosys Ltd. (NYSE: INFY) fiscal first-quarter report is due early on Friday. The consensus estimates call for EPS of $0.13 and $3.07 billion in revenue. Shares closed the week at $10.69. The consensus price target is $10.79, and the 52-week range trading range is $8.85 to $11.38.
In the following week, the new earnings season kicks off in earnest, with reports due from financial giants American Express, Bank of America, Citigroup, Goldman Sachs, JPMorgan and Wells Fargo. Also watch for results from the likes of eBay, Johnson & Johnson, Microsoft, Netflix, Philip Morris and United Continental.