Nike, Micron, BlackBerry, Carnival and More Major Earnings Coming This Week

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The markets are currently in the quiet period between earnings seasons, but a few major companies will be sharing their results this week. While these firms aren’t Apple, Boeing or Exxon, each still plays a role in where the market could go from here. 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.

AutoZone Inc.’s (NYSE: AZO) fiscal fourth-quarter report is due early on Tuesday. The consensus estimates call for $21.80 in earnings per share (EPS) and $3.93 billion in revenue. Shares traded at $1,159.37 on Friday’s close. The consensus price target is just $1,146.81, and the 52-week range trading range is $705.01 to $1,186.60.

BlackBerry Ltd. (NYSE: BB) is scheduled to report its fiscal second-quarter results before Tuesday’s open. The consensus estimates call for a net loss of $0.01 per share and revenue of $265.7 million. Shares jumped early Friday but were last seen trading at $7.54 apiece. The consensus price target is $10.34, and the 52-week trading range is $6.57 to $12.00.

Watch for CarMax Inc. (NYSE: KMX) to release its most recent quarterly results on Tuesday morning too. The consensus forecast calls for $1.33 in EPS and $5.06 billion in revenue for the fiscal second quarter. Shares closed at $84.63 on Friday. The consensus price target is $97.75, and the share price has ranged from $55.24 to $92.01 in the past 52 weeks.

Nike Inc. (NYSE: NKE) is scheduled to report its fiscal first-quarter earnings Tuesday afternoon. The consensus estimates call for $0.70 in EPS and revenue of $10.44 billion. Shares were changing hands at $86.68 on Friday’s close. The analysts’ mean price target is $93.76, and the 52-week trading range is $66.53 to $90.00.

The Conagra Brands Inc. (NYSE: CAG) fiscal first-quarter report is due early on Thursday. The consensus estimates call for $0.39 in earnings per share (EPS) and $2.48 billion in revenue. Shares ended the week trading at $29.81. The consensus price target is $32.08, and the 52-week range trading range is $20.22 to $37.60.

Accenture PLC (NYSE: ACN) is scheduled to report its fiscal fourth-quarter earnings Thursday morning. The consensus estimates call for $1.71 in EPS and revenue of $11.08 billion. Shares were changing hands at $193.09 as Friday’s session concluded. The analysts’ mean price target is $197.77, and the 52-week trading range is $132.63 to $202.80.

Look for Carnival Corp. & PLC (NYSE: CCL) to share its most recent quarterly results before Thursday’s open as well. The consensus forecast calls for $2.53 in EPS and $6.21 billion in revenue for the fiscal third quarter. Shares closed at $48.22 on Friday. The consensus price target is $55.88, and shares have traded between $42.42 and $67.69 in the past 52 weeks.

And Micron Technology Inc. (NASDAQ: MU) is scheduled to report its fiscal fourth-quarter results late Thursday. The consensus estimates call for $0.48 in EPS and revenue of $4.56 billion. Shares were changing hands at $49.16 on last look. The analysts’ mean price target is $50.46, and the 52-week trading range is $28.39 to $51.39.


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