Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
Among the 482 companies in the S&P 500 index that have reported earnings so far, 70 percent have reported earnings above the mean estimate. Just 42 percent have reported revenue above the mean estimate, according to data compiled by FactSet.
For the third quarter, 77 companies have issued negative earnings-per-share guidance and 21 companies have issued positive EPS guidance, FactSet said.
We ran a screen and produced a list of 12 key companies set to report their earnings Aug. 27-31. We have highlighted their expected reporting dates and times, along with analysts' EPS and Thomson Reuters revenue estimates, as well as the stocks' year-to-date performances.
Monday Before Market Open, or BMO:
Tiffany & Co. (NYSE: TIF) is a jeweler and specialty retailer. The company has a market capitalization of $7.41 billion. It is expected to report fiscal year 2012 second-quarter EPS of 74 cents on revenue of $891.61 million, compared with a profit of 86 cents per share on revenue of $872.71 million in the year-ago period. Tiffany is trading around $58.48 per share. So far this year, the stock has lost 11.71 percent.
Monday After Market Close, or AMC:
PVH Corp. (NYSE: PVH) is an apparel company. Its portfolio of brands includes Calvin Klein, Tommy Hilfiger, and Van Heusen. The company has a market cap of $6.19 billion. It is expected to report FY 2012 second-quarter EPS of $1.20 on revenue of $1.34 billion, compared with a profit of $1.07 per share on revenue of $1.33 billion in the year-ago period. PVH is trading around $87.95 per share. So far this year, the stock has gained 24.81 percent.
Wednesday BMO:
H.J. Heinz Co. (NYSE: HNZ) is engaged in manufacturing and marketing a range of food products worldwide. The company has a market cap of $17.97 billion. It is expected to report FY 2013 first-quarter EPS of 80 cents on revenue of $2.84 billion, compared with a profit of 78 cents per share on revenue of $2.85 billion in the year-ago period. Heinz is trading around $56.12 per share. So far this year, the stock has gained 3.83 percent.
Joy Global Inc. (NYSE: JOY) is a manufacturer and servicer of high-productivity mining equipment for the extraction of coal and other minerals and ores. The company has a market cap of $5.90 billion. It is expected to report FY 2012 third-quarter EPS of $1.88 on revenue of $1.42 billion, compared with a profit of $1.61 per share on revenue of $1.14 billion in the year-ago period. Joy Global is trading around $55.73 per share. So far this year, the stock has lost 37.86 percent.
Brown-Forman Corp. (NYSE: BF-B) manufactures, bottles, imports, exports, and markets a range of alcoholic beverage brands, including Jack Daniel's. The company has a market cap of $13.20 billion. It is expected to report FY 2013 first-quarter EPS of 62 cents on revenue of $892.83 million, compared with a profit of 54 cents per share on revenue of $840.30 million in the year-ago period. Brown-Forman is trading around $62.22 per share. So far this year, the stock has lost 22.68 percent.
The Fresh Market Inc. (Nasdaq: TFM) is a specialty retailer. The company has a market cap of $2.95 billion. It is expected to report FY 2012 second-quarter EPS of 27 cents on revenue of $307.99 million, compared with a profit of 22 cents per share on revenue of $259.54 million in the year-ago period. Fresh Market is trading around $61.42 per share. So far this year, the stock has gained 53.88 percent.
Wednesday AMC:
Pandora Media Inc. (NYSE: P) is an Internet radio company in the U.S. The company has a market cap of $1.62 billion. It is expected to report a loss of 3 cents in its FY 2013 second quarter on revenue of $100.94 million, compared with a profit of 2 cents per share on revenue of $66.97 million in the year-ago period. Pandora is trading around $9.72 per share. So far this year, the stock has lost 3 percent.
TiVo Inc. (Nasdaq: TIVO) is a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video. The company has a market cap of $1.15 billion. It is expected to report a loss of 24 cents in its FY 2013 second quarter on revenue of $54.33 million, compared with a loss of 17 cents per share on revenue of $49.60 million in the year-ago period. TiVo is trading around $9.19 per share. So far this year, the stock has gained 2.4 percent.
Thursday BMO:
Ciena Corp. (Nasdaq: CIEN) is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic. The company has a market cap of $1.67 billion. It is expected to report a loss of 2 cents in its FY 2012 third quarter on revenue of $473.45 million, compared with a profit of 8 cents per share on revenue of $435.31 million in the year-ago period. Ciena is trading around $16.83 per share. So far this year, the stock has gained 39.17 percent.
Thursday AMC:
OmniVision Technologies Inc. (Nasdaq: OVTI) designs, develops, and markets integrated and semiconductor image-sensor devices. The company has a market cap of $834.59 million. It is expected to report FY 2013 first-quarter EPS of 22 cents on revenue of $243.77 million, compared with a profit of 76 cents per share on revenue of $276.07 million in the year-ago period. OmniVision Technologies is trading around $15.62 per share. So far this year, the stock has gained 27.5 percent.
SAIC Inc. (NYSE: SAI) provides scientific, engineering, systems integration, and technical services and solutions. The company has a market cap of $4.01 billion. It is expected to report FY 2013 second-quarter EPS of 33 cents on revenue of $2.65 billion, compared with a profit of 32 cents per share on revenue of $2.60 billion in the year-ago period. SAIC is trading around $11.75 per share. So far this year, the stock has lost 4.39 percent.
Splunk Inc. (Nasdaq: SPLK) provides a software database platform. The company has a market cap of $2.95 billion. It is expected to report a loss of 4 cents in its FY 2013 second quarter on revenue of $39.84 million. Splunk is trading around $30.86 per share. The company went public on April 19 and more than doubled on its first day of trading after pricing its shares 70 percent above the originally proposed range in an initial public offering. Currently, the stock is trading 182 percent above its IPO price.
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