PepsiCo, Levi Strauss, PriceSmart, Delta Air Lines, Infosys, and more earnings are scheduled for the week between July 8 and 12. Check out what to expect from the major earnings reports this week.
Beverage giant PepsiCo (NASDAQ: PEP) will announce second-quarter earnings on Tuesday before the bell. Analysts expect earnings to fall 6.80% to $1.50 per share while revenue will rise by 2.10% to $16.42 billion. The bottom line is likely to be hurt by higher costs and expenses while the top line will be marginally benefited by strong performance in Frito-Lay North America and International divisions as well as from PepsiCo Beverages North America.
Levi Strauss & Co. (NYSE: LEVI) will report second-quarter results on Tuesday after the bell. Analysts predict earnings of $0.13 per share on revenue of $1.3 billion. The results will include charges related to the transitional impact of jobs act and undistributed foreign earnings. The top line will be benefited by the expansion of its retail network, as well as growth in its e-commerce business.
MSC Industrial Direct Co. (NYSE: MSM) is set to post third-quarter results on Wednesday. Analysts expect earnings to increase by 7.90% to $1.50 per share and revenue are anticipated to rise 6.50% to $882 million. The conditions are expected to remain solid in the industrial economy. The company expects positive signs from the implementation of its strategic plan, particularly from sales force transformation and is confident that it will deliver above market growth.
AngioDynamics (NASDAQ: ANGO) will post Q4 results on Wednesday before the bell. Analysts project the company to report earnings of $0.25 per share on revenue of $92.33 million. The results will be benefited by strong contributions from AngioVac and Solero, as well as from Fluid Management. The overall performance is likely to be strong and the company is confident in achieving its full-year guidance.
AAR Corp. (NYSE: AIR) will announce Q4 earnings on Wednesday after the bell. Earnings are expected to jump 14.80% to $0.62 per share and revenue is likely to increase 11.70% to $529.13 million. The results are likely to include a reduction in income tax expense primarily related to the recognition of previously reserved income tax benefits. The top line will be benefited by continued growth in its parts supply and program activities. Aviation Services and Expeditionary Services segments continued to experience strong growth.
PriceSmart (NASDAQ: PSMT) is set to post third-quarter results on Wednesday. Analysts project earnings to plunge 24.60% to $0.46 per share as the investigation of the possible securities fraud violations will lift the expenses higher. Revenue is predicted to rise by 1.20% to $791.38 million. Foreign currency exchange rate fluctuations are expected to negatively impact the net merchandise sales growth.
Home furnishing retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) will report Q1 earnings on Wednesday. Analysts see a profit of $0.08 per share on revenue of $2.58 billion. The comparable store sales have remained in the negative territory over the past two years, impacting the top line growth. The results will be hurt by higher expenses and weak store performance apart from the deterioration in comparable store performance. The management has the daunting task of ramping up the e-commerce platform to match the competitors.
Aviation company Delta Air Lines (NYSE: DAL) could post Q2 results on Thursday before the bell. Earnings are anticipated to climb 26.60% to $2.24 per share and revenue is likely to rise 5.80% to $12.46 billion. The results will be benefited by strong core performance as well as double-digit growth in domestic corporate revenue. The company depends on the premium product ticket revenue and loyalty and Maintenance, Repair and Overhaul revenue for backing the top line growth.
Industrial supplies giant Fastenal Company (NASDAQ: FAST) will report Q2 earnings on Thursday. Analysts see a profit of $0.37 per share on revenue of $1.38 billion. The results will be benefited by unit sales related primarily to continued strength in underlying market demand and contribution from growth drivers, most notably industrial vending, Onsite locations, and construction. The top line growth will be offset by an increase in costs and expenses.
As Infosys Limited (NYSE: INFY) announces Q1 results on Friday before the bell, analysts expect earnings of $0.13 per share on revenue of $3.07 billion. The company continues to depend on large deal total contract value while expecting realization per billed employee to reflect rising usage of automation in core services and faster growth in newer digital services. The company intends to deploy various measures of operational efficiencies across the business during fiscal 2020.