Earnings Preview: JC Penney Company Inc (JCP), Pandora Media Inc (P), The Home Depot Inc (HD), Best Buy Co Inc (BBY), Lowe's Companies Inc (LOW)
More than 90 percent of the companies in the S&P 500 (INDEXSP:.INX) have reported third-quarter earnings, according to S&P Capital IQ, with the year-over-year increase in operating results coming in at 5.6 percent, compared with the 3.4 percent anticipated on Oct. 1. Nine of 10 sectors are seen posting third-quarter EPS increases, with energy reporting the sole decline.
For the fourth quarter, S&P Capital IQ reports that Wall Street analysts now project a 7.2 percent EPS rise, as compared with a 9.6 percent gain expected on Oct. 1 and an 11.2 percent advance anticipated on July 1. Energy and utilities are seen recording year-over-year declines, while consumer discretionary, financials, industrials and telecom services are expected to record low double-digit gains. The S&P 500's profit margin will likely widen further as revenues are seen rising by 3.0 percent, according to Sam Stovall of S&P Capital IQ.
We ran a screen and produced a list of 30 notable companies set to report their earnings Nov. 18-22. We've highlighted their expected reporting dates and times, along with analysts' earnings-per-share (fully reported) and revenue estimates from Reuters, as well as the stocks' year-to-date performances.
Monday Before Markets Open, or BMO:
Tyson Foods Inc. (NYSE:TSN) is a meat protein and food production company. The company has a market capitalization of $10.06 billion. It is expected to report FY 2013 fourth-quarter EPS of 70 cents on revenue of $8.89 billion, compared with a profit of 51 cents per share on revenue of $8.37 billion in the year-ago period. Tyson Foods is trading at around $28.53 per share. So far this year, the stock has gained 47.3 percent.
Monday After Markets Close, or AMC:
Brocade Communications Systems, Inc. (NASDAQ:BRCD) is an American technology company specializing in data and storage networking products. The company has a market capitalization of $3.56 billion. It is expected to report FY 2013 fourth-quarter EPS of 11 cents on revenue of $555.08 million, compared with a profit of 11 cents per share on revenue of $578.36 million in the year-ago period. Brocade Communications Systems Inc. is trading at around $8.05 per share. So far this year, the stock has gained 51.0 percent.
Salesforce.com Inc. (NYSE:CRM) is a provider of enterprise cloud computing and social enterprise solutions. The company has a market capitalization of $33.98 billion. It is expected to report a loss of 18 cents a share in the third quarter of fiscal year 2014 on revenue of $1.06 billion, compared with a loss of 39 cents a share on revenue of $788.40 million in the year-ago period. Salesforce.com Inc. is trading at around $56.94 per share. So far this year, the stock has gained 35.7 percent.
Urban Outfitters Inc. (NASDAQ:URBN) is a lifestyle specialty retail company. The company has a market capitalization of $5.88 billion. It is expected to report FY 2014 third-quarter EPS of 46 cents on revenue of $770.98 million, compared with EPS of 40 cents on revenue of $692.89 million in the year-ago period. Urban Outfitters Inc. is trading at around $39.90 per share. So far this year, the stock has gained 1.4 percent.
Tuesday BMO:
The Home Depot Inc. (NYSE:HD) is a home improvement retailer. The company has a market capitalization of $113.15 billion. It is expected to report FY 2013 third-quarter EPS of 89 cents on revenue of $19.17 billion, compared with EPS of 63 cents on revenue of $18.13 billion in the year-ago period. The Home Depot Inc. is trading at around $78.99 per share. So far this year, the stock has gained 27.7 percent.
Medtronic Inc. (NYSE:MDT) is engaged in medical technology. The company has a market capitalization of $58.34 billion. It is expected to report FY 2014 second-quarter EPS of 90 cents on revenue of $4.18 billion, compared with EPS of 63 cents on revenue of $4.10 billion in the year-ago period. Medtronic Inc. is trading at around $58.52 per share. So far this year, the stock has gained 42.6 percent.
The TJX Companies Inc. (NYSE:TJX) is an off-price apparel and home fashions retailer in the U.S. and worldwide. The company has a market capitalization of $44.96 billion. It is expected to report FY 2014 third-quarter EPS of 81 cents on revenue of $6.91 billion, compared with EPS of 62 cents on revenue of $6.41 billion in the year-ago period. The TJX Companies Inc. is trading at around $62.89 per share. So far this year, the stock has gained 48.1 percent.
Campbell Soup Co. (NYSE:CPB) is a manufacturer and marketer of convenience-food products. The company has a market cap of $13.28 billion. It is expected to report FY 2014 first-quarter EPS of 88 cents on revenue of $2.29 billion, compared with EPS of 78 cents on revenue of $2.34 billion in the year-ago period. Campbell Soup is trading at around $42.40 a share. So far this year, the stock has appreciated 21.4 percent.
Best Buy Co. Inc. (NYSE:BBY) is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. The company has a market capitalization of $14.79 billion. It is expected to report FY 2014 third-quarter EPS of 9 cents on revenue of $9.36 billion, compared with a loss of 3 cents a share on revenue of $9.38 billion in the year-ago period. Best Buy Co. Inc. is trading at around $43.29 per share. So far this year, the stock has gained 265.3 percent.
Wednesday BMO:
ADT Corp (NYSE:ADT) is a provider of electronic security, interactive home and business automation, and monitoring services for residences and small businesses in the U.S. and Canada. The company has a market capitalization of $9.12 billion. It is expected to report FY 2013 fourth-quarter EPS of 46 cents on revenue of $843.11 million, compared with EPS of 40 cents on revenue of $812.00 million in the year-ago period. ADT Corp is trading at around $43.42 per share. So far this year, the stock has lost 6.8 percent.
Deere & Company (NYSE:DE), commonly known as John Deere, based in Moline, Ill., is one of the largest manufacturers of agricultural machinery in the world. The company has a market capitalization of $31.70 billion. It is expected to report FY 2013 fourth-quarter EPS of $1.89 on revenue of $8.68 billion, compared with EPS of $1.75 on revenue of $9.05 billion in the year-ago period. Deere & Company is trading at around $82.81 per share. So far this year, the stock has lost 4.2 percent.
J.C. Penney Company Inc. (NYSE:JCP) is a chain of American mid-range department stores. The company has a market capitalization of $2.64 billion. It is expected to report a loss of $1.64 per share in the third quarter of fiscal year 2013 on revenue of $2.81 billion, compared with a loss of 56 cents per share on revenue of $2.93 billion in the year-ago period. J.C. Penney is trading at around $8.66 per share. So far this year, the stock has lost 56.0 percent.
Lowe's Companies Inc. (NYSE:LOW) is a home improvement retailer. The company has a market capitalization of $54.57 billion. It is expected to report FY 2013 third-quarter EPS of 47 cents on revenue of $12.72 billion, compared with EPS of 35 cents on revenue of $12.07 billion in the year-ago period. Lowe's Companies Inc. is trading at around $51.83 per share. So far this year, the stock has gained 46.0 percent.
Staples Inc. (NASDAQ:SPLS) is an office products company. The company has a market capitalization of $10.41 billion. It is expected to report FY 2013 third-quarter EPS of 43 cents on revenue of $6.18 billion, compared with a loss of 89 cents a share on revenue of $6.35 billion in the year-ago period. Staples Inc. is trading at around $15.76 per share. So far this year, the stock has gained 38.3 percent.
Wednesday AMC:
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses. The company has a market cap of $9.15 billion. It is expected to report FY 2013 fourth-quarter EPS of 71 cents on revenue of $963.83 million, compared with a profit of 58 cents a share on revenue of $946.74 million in the year-ago period. Green Mountain Coffee Roasters is trading at around $60.65 a share. So far this year, the stock has gained 46.6 percent.
L Brands Inc (NYSE:LTD), formerly Limited Brands Inc., operates in the specialty retail business. The company has a market capitalization of $18.84 billion. It is expected to report FY 2013 third-quarter EPS of 28 cents on revenue of $2.17 billion, compared with EPS of 25 cents on revenue of $2.05 billion in the year-ago period. L Brands Inc. is trading at around $64.99 per share. So far this year, the stock has gained 38.1 percent.
Thursday BMO:
Abercrombie & Fitch Co. (NYSE:ANF) is a specialty retailer of casual apparel for men, women and kids. The company has a market capitalization of $2.68 billion. It is expected to report FY 2013 third-quarter EPS of 4 cents on revenue of $1.04 billion, compared with EPS of $1.02 on revenue of $1.17 billion in the year-ago period. Abercrombie & Fitch Co. is trading at around $35.11 per share. So far this year, the stock has lost 26.8 percent.
GameStop Corp. (NYSE:GME) is a multichannel video game retailer. The company has a market capitalization of $6.68 billion. It is expected to report FY 2013 third-quarter EPS of 56 cents on revenue of $1.98 billion, compared with a loss of $5.08 a share on revenue of $1.77 billion in the year-ago period. GameStop Corp. is trading at around $57.13 per share. So far this year, the stock has gained 127.6 percent.
Target Corporation (NYSE:TGT) is an American retailing company. The company has a market capitalization of $42.10 billion. It is expected to report FY 2013 third-quarter EPS of 61 cents on revenue of $17.39 billion, compared with EPS of 96 cents on revenue of $16.93 billion in the year-ago period. Target Corporation is trading at around $66.71 per share. So far this year, the stock has gained 12.8 percent.
Dollar Tree Inc. (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price. The company has a market capitalization of $13.37 billion. It is expected to report FY 2013 third-quarter EPS of 60 cents on revenue of $1.91 billion, compared with EPS of 68 cents on revenue of $1.72 billion in the year-ago period. Dollar Tree Inc. is trading at around $59.96 per share. So far this year, the stock has gained 47.7 percent.
Thursday AMC:
Aruba Networks Inc. (NASDAQ:ARUN) is a provider of next-generation network access solutions for mobile enterprise networks. The company has a market capitalization of $2.11 million. It is expected to report a loss of 7 cents a share on revenue of $157.54 million in the first quarter of fiscal year 2014, compared with a loss of 1 cent a share on revenue of $144.48 million in the year-ago period. Aruba Networks Inc. is trading at around $18.31 per share. So far this year, the stock has lost 11.7 percent.
Autodesk Inc. (NASDAQ:ADSK) designs software and services company. The company has a market capitalization of $9.80 billion. It is expected to report FY 2014 third-quarter EPS of 20 cents on revenue of $547.50 million, compared with EPS of 13 cents on revenue of $548.00 million in the year-ago period. Autodesk Inc. is trading at around $44.03 per share. So far this year, the stock has gained 24.6 percent.
The Gap Inc. (NYSE:GPS) is a global specialty apparel company. The company has a market capitalization of $19.69 billion. It is expected to report FY 2013 third-quarter EPS of 68 cents on revenue of $3.98 billion, compared with EPS of 63 cents on revenue of $3.86 billion in the year-ago period. The Gap Inc. is trading at around $42.12 per share. So far this year, the stock has gained 35.6 percent.
Intuit Inc. (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions. The company has a market capitalization of $20.69 billion. It is expected to report a loss of 14 cents a share in the first quarter of fiscal year 2014 on revenue of $603.00 million, compared with a loss of 6 cents a share on revenue of $647.00 million in the year-ago period. Intuit Inc. is trading at around $73.13 per share. So far this year, the stock has gained 23.0 percent.
Marvell Technology Group Ltd. (NASDAQ:MRVL) is a fabless semiconductor provider of application-specific standard products. The company has a market capitalization of $6.73 billion. It is expected to report FY 2014 third-quarter EPS of 15 cents on revenue of $872.89 million, compared with EPS of 12 cents on revenue of $780.88 million in the year-ago period. Marvell Technology Group Ltd. is trading at around $13.67 per share. So far this year, the stock has gained 88.3 percent.
Pandora Media Inc. (NYSE:P) provides online radio services in the U.S. The company has a market cap of $5.63 billion. It is expected to report a breakeven quarter on revenue of $174.51 million in the third quarter of fiscal year 2014, compared with a profit of 1 cent on revenue of $120.01 million in the year-ago period. Pandora is trading at around $29.35 a share. So far this year, the stock has gained 219.8 percent.
Ross Stores Inc. (NASDAQ:ROST) operates two brands of off-price retail apparel and home fashion stores. The company has a market capitalization of $17.60 billion. It is expected to report FY 2013 third-quarter EPS of 80 cents on revenue of $2.43 billion, compared with EPS of 72 cents on revenue of $2.26 billion in the year-ago period. Ross Stores Inc. is trading at around $81.19 per share. So far this year, the stock has gained 50.1 percent.
Splunk Inc. (NASDAQ:SPLK) provides a software database platform. The company has a market cap of $6.61 billion. It is expected to report a loss of 12 cents a share in its FY 2014 third quarter on revenue of $71.08 million, compared with a loss of 6 cents a share on revenue of $52.05 million in the year-ago period. Splunk Inc. is trading at around $62.44 a share. So far this year, the stock has gained 115.1 percent.
Friday BMO:
Foot Locker Inc. (NYSE:FL) is a global retailer of athletic shoes and apparel. The company has a market capitalization of $5.52 billion. It is expected to report FY 2013 third-quarter EPS of 67 cents on revenue of $1.58 billion, compared with EPS of 69 cents on revenue of $1.52 billion in the year-ago period. Foot Locker Inc. is trading at around $37.18 per share. So far this year, the stock has gained 15.7 percent.
PetSmart Inc. (NASDAQ: PETM) is a specialty provider of products, services, and solutions for the lifetime needs of pets. The company has a market cap of $7.64 billion. It is expected to report FY 2013 third-quarter EPS of 86 cents on revenue of $1.70 billion, compared with a profit of 675 cents a share on revenue of $1.63 billion in the year-ago period. PetSmart is trading at around $73.52 a share. So far this year, the stock has gained 7.6 percent.
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