High Expectations For Ambarella In An Otherwise Quiet Earnings Week

Loading...
Loading...
The week's economic calendar is highlighted by the Federal Reserve's next Beige Book report and a look at the employment numbers for August. Also throughout the week will be a scattering of off-season
earnings
reports. There are only a handful of companies on deck to share their latest quarterly results. Wall Street analysts expect stellar results from
Ambarella IncAMBA
, as well as at least some earnings growth from
Ciena CorporationCIEN
and
Loading...
Loading...
Dollar Tree, Inc.DLTR
. However, the consensus forecasts call for a small year-on-year earnings decline from
Medtronic PLCMDT
and a seasonal net loss from
H & R Block IncHRB
. Below is a quick look at what is expected from these and some of the week's other most prominent reports.
See also:5 U.S. Financial Stocks That Should Do Well Even Without The Fed

Ambarella

This video and image processing products maker will post $0.85 earnings per share (EPS) for its fiscal second quarter, if the consensus of 26 Estimize estimates is accurate. That would be up from a profit of $0.37 per share in the same period of last year. The Wall Street estimate is slightly less optimistic at $0.81 per share. Revenue for the three months that ended in July is predicted to have jumped from $46.97 million in the year-ago quarter to $84.92 million, says Estimize, and again Wall Street is a bit more pessimistic. They both underestimated revenue in the previous quarter. Watch for the report after Tuesday's closing bell.

Ciena

EPS of $0.34 for the fiscal third quarter are anticipated from this networking and communications company. That comes from just four Estimize respondents but is in line with Wall Street expectations. Ciena posted EPS of $0.35 back in the second quarter and $0.32 in the year-ago third quarter. The Estimize forecast also calls for revenue to be about 4 percent higher, relative to a year ago, at $629.36 million for the most recent period. Wall Street and Estimize both underestimated revenue in the previous period. Ciena is expected to share its results before markets open on Thursday.

Dollar Tree

The fiscal second-quarter forecast for this discount retailer calls for EPS to have risen from $0.61 in the year-ago period to $0.68. Also revenue is expected to be up from $2.03 billion to $2.41 billion for the three months that ended in July, according to a consensus of 13 Estimize respondents. Note that the EPS estimate is more optimistic than both company guidance and Wall Street expectations. Yet, Wall Street analysts have a revenue projection of $3.04 billion for the period. Dollar Tree is scheduled to release its results Tuesday before the regular trading session kicks off.

H&R Block

When it shares its results late Tuesday, the consensus of just three Estimize estimates is that this leading tax preparer will post a net loss of $0.38 per share. Wall Street is looking for a per-share net loss of $0.40, which would be the same as in the year ago period. The analysts' estimate was on target in the previous period. Revenue for the three months that ended in July will be around 2 percent higher than a year ago to $136.56 million, if the Estimize survey is correct. Top line results were in line with Estimize expectations in the previous quarter. So far, Wall Street sees revenue up more than 3 percent for the year.

Medtronic

The consensus of 13 estimates for this Ireland-based medical device maker has earnings at $1.04 per share and for revenue to total $7.08 billion for its fiscal first quarter, when it reports Thursday morning. That would compare with $1.05 EPS and revenue of $4.27 billion in the same period of last year. Note that earnings exceeded both Estimize and Wall Street expectations in the previous two quarters. Furthermore, analysts so far predict marginal sequential growth on the top and bottom lines for the current quarter, but again with a year-on-year earnings decline and strong revenue growth.
See also:There's A 47% Chance Of A Recession, But It's Not Worrying These Analysts

And Others

Among the other companies expected to report this week, Wall Street anticipates EPS gains from Navistar International, Qihoo 360 Technology and VeriFone Systems, but they foresee smaller profits from Campbell Soup, Five Below and Joy Global. Net losses are forecast for E-Commerce China Dangdang. In the following week, watch from the latest quarterly reports from the likes of Barnes & Noble, Kroger, Lululemon and TiVo. Keep up with all the latest breaking news and trading ideas by following
Benzinga
on Twitter.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPreviewsTop StoriesPre-Market OutlookTrading IdeasAmbarellacienaDollar TreeEarnings ExpectationsH&R BlockMedtronic
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...