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Companies reporting earnings this week: Jan 2 – 4

A slew of major companies are reporting earnings this week. Uniform provider UniFirst Corporation (UNF) will announce first-quarter earnings on Thursday before the bell. Analysts expect the company to report earnings of $1.92 per share on revenue of $434.28 million. The results will be benefited by the positive impact of the recent tax reform, lower healthcare claims and worker’s compensation expense. Higher payroll and energy costs, as well as higher depreciation and merchandise amortization, could hurt the results.

Simply Good Foods Co. (SMPL) will report first-quarter results on Thursday. Analysts predict earnings of $0.19 per share on revenue of $122.51 million. The branded nutritional foods and snacking products developer will be benefited by the solid net sales growth and strong retail takeaway that will enable to deliver operating profit objectives. The top line is likely to be driven by strong volume growth.

Business consulting services provider Resources Connection (RECN) is set to post second-quarter results on Thursday after the bell. Analysts expect earnings to fall by 8% to $0.23 per share as costs and expenses are weighing on the bottom line. Revenue is anticipated to rise by 18.10% to $185.05 million with the aid of strong organic revenue growth.

Landec Corporation (LNDC) will post Q2 results on Thursday. Analysts project the agricultural and food packaging products company to report a loss of $0.01 per share on revenue of $126.04 million. The results are likely to be hurt by higher labor, packaging and freight costs and expenses at Apio as well as the timing of production and shipments within fiscal 2019 hurt operating income at Lifecore.

Rite Aid stock plunges to 9-year low

Frozen foods supplier Lamb Weston Holdings (LW) will announce Q2 earnings on Friday before the bell. Earnings are expected to jump 33% to $0.72 per share and revenue is likely to increase by 8.80% to $897.08 million. The results are predicted to be benefited by higher volume from the Global and Retail segments. The operating environment in North America for the balance of fiscal 2019 is anticipated to remain generally favorable with solid demand for frozen potato products and tight manufacturing capacity.

Specialty chemical maker RPM International (RPM) is set to post second-quarter results on Friday. Analysts project earnings to fall 4.3% to $0.67 per share due to an increase in raw material prices, higher promotion and legal costs from the consumer segment, as well as restructuring costs. Revenue is predicted to rise by 5% to $1.38 billion helped by the strong sales growth from industrial, consumer, and specialty divisions.

Cal-Maine Foods (CALM) will report Q2 earnings on Friday. Analysts see a profit of $0.48 per share on revenue of $362.92 million. The egg producer’s results are anticipated to be hurt by the additional pricing pressure due to the potential increase in the shell egg supply. The overall egg production growth is likely to be modest with consumer demand for specialty eggs could continue to support this segment of the egg market.

AngioDynamics (ANGO) could post Q2 results on Friday. Earnings are anticipated to climb 31% to $0.21 per share and revenue is likely to rise by 2.90% to $89.24 million. The medical device maker’s results will be benefited by the growth in the product sales. The top line growth is likely to be narrowed due to the impact of the transition from Acculis to Solero product line as well as the legal allegations faced with the Justice Department.

 

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