A slew of major companies are reporting earnings this week. Specialty apparel retailer Ascena Retail Group (ASNA) will announce its earnings for the first quarter of fiscal 2019 on Monday after the bell. Analysts predict earnings of $0.04 per share on revenue of $1.56 billion. The company will be benefited from the strong demand growth across the board, especially for the LOFT brand.
Avid Bioservices (CDMO) will report second-quarter results on Monday. Analysts expect a loss of $0.08 per share on revenue of $10.87 million. The dedicated contract development and manufacturing organization have high visibility on customer orders as the anticipated expansion of multiple projects are underway with existing clients and additional revenue from numerous issued new client proposals.
Entertainment and dining venues operator Dave & Buster’s Entertainment (PLAY) is set to post third-quarter results on Tuesday after the bell. Analysts expect earnings to fall by 17.20% to $0.24 per share as costs and expenses are weighing on the bottom line. However, revenue is anticipated to rise by 11.10% to $277.66 million helped by higher comparable sales as well as an increase in customers count.
Specialty apparel retailer American Eagle Outfitters (AEO) will post Q3 results on Tuesday. Analysts project earnings to jump by 29.70% to $0.48 per share and revenue to rise by 6.10% to $1.02 billion. The company is well-positioned to overcome the headwinds facing the specialty retail sector backed by the strength of its popular apparel brands and stable comparable store sales. The positive momentum in digital sales will continue in the third quarter and beyond.
Photronics (PLAB) will announce Q4 earnings on Wednesday before the bell. Earnings are expected to soar 112.50% to $0.17 per share and revenue is likely to increase by 13.40% to $137.2 million. The demand is likely to remain strong across all of its end markets. The photomasks maker is expected to be benefited from the repositioning of the business to take advantage of growing markets in China and demand from captives.
Specialty apparel retailer Tailored Brands (TLRD) is set to post third-quarter results on Wednesday after the bell. Analysts project earnings to jump 25.30% to $0.94 per share driven by proper management of costs and expenses. Revenue is predicted to rise by 1.10% to $819.5 million helped by the strong comparable sales growth from all of its retail brands.
Ciena Corporation (CIEN) will report Q4 earnings on Thursday before the bell. Analysts see a profit of $0.48 per share on revenue of $861.48 million. The quarterly performance is likely to be driven by the continued execution of its strategy and strong broad-based customer demand. The high-speed networking technology developer’s top line growth is likely to be carried towards the bottom line but expenses could narrow the growth percentage.
Drugstore retailer Fred’s Inc. (FRED) could post Q3 results on Thursday. The top and bottom lines are likely to be hurt by a reduction in circular marketing and a decline in comparable store sales. The margins could fall due to prescription rebates in 2017 that did not recur in 2018, increases in remuneration fees and a shift in sales mix.
Membership warehouses operator Costco Wholesale Corporation (COST) will report Q1 earnings on Thursday after the bell. Analysts see a profit of $1.62 per share on revenue of $34.72 billion. The company will be benefited from the higher sales both in stores and online for the double-digit bottom line growth.
As Adobe Systems (ADBE) announces Q4 results on Thursday, analysts expect earnings of $1.89 per share on revenue of $2.43 billion. The diversified software company’s fast-paced subscription growth, specifically Digital Media, could be the driving factor behind the top line growth. Segment-wise, the strong performance in Adobe Document Cloud and Creative Cloud could drive the top line numbers.
Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours
Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street
Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended