The market has been facing the escalating trade tensions quite often but investors are trying to shrug off these concerns and trying to focus on the upcoming third-quarter earnings season. Almost in a month’s time, the next earnings season will begin but a few familiar companies are on the brink of releasing results this week. Let’s take a look at those companies.
Jabil Inc. (JBL) is set to post its fourth-quarter results on Tuesday before the market opens. Analysts expect earnings to rise 6.30% year-over-year to $0.68 per share and revenue to grow 8% to $5.43 billion. The company had beat analysts’ expectations in the past four quarters. The bottom line is likely to be driven by solid revenue growth and core margin expansion. The top line could depend on the revenue growth from the Diversified and the Electronics Manufacturing Services.
Global sneaker giant Nike Inc. (NKE) is expected to report upbeat results for the first quarter of fiscal 2019 on Tuesday after market close. Analysts expect earnings to increase by 8.8% year-over-year to $0.62 per share and revenue to grow by 9.5% to $9.93 billion. The company surprised all the investors with better-than-expected earnings in the past four quarters. The bottom line is likely to show considerable growth as the international and North American markets are set to drive revenues higher.
Homebuilder KB Home (KBH) is scheduled to issue third-quarter results on Tuesday at 4:10 PM ET. Analysts are looking forward to upbeat results from the company with a profit of $0.77 per share on revenue of $1.26 billion. The results are likely to be steered by strong demand for residential properties and higher prices. Traders remained concerned that the housing market headwinds could impact the third quarter results.
CarMax Inc. (KMX) is set to release its second-quarter results on Wednesday before the bell. Analysts expect the used vehicle retailer to post a 23.5% growth in earnings to $1.21 per share and revenue a growth of 5.9% to $4.64 billion. The results are likely to be pushed by pricing, a rise in appraisal buy rate and store base growth.
The US home decor retailer Bed Bath & Beyond Inc. (BBBY) will post their results for the second quarter on Wednesday after market close. Analysts expect the company to report a 25.4% year-over-year drop in earnings to $0.50 per share on a slight revenue growth of 0.7% to $2.96 billion. The results are likely to be hurt by comp store sales decreases, lower stores traffic, and higher costs and expenses. The comps are set for the sixth successive quarterly decline.
Professional services company Accenture Plc (ACN) is set to report above-consensus results for the fourth quarter on Thursday before the market opens. Analysts expect earnings of $1.56 per share on revenue of $10.01 billion for the quarter. Investors will be looking for the company’s push into digital, cloud and security services that could contribute hugely to the top line. The company is also expected to issue guidance for next year.
ConAgra Foods (CAG) is scheduled to post its first-quarter results on Thursday before the market opens. Analysts expect earnings to increase by 6.5% to $0.49 per share and revenue to rise by 2.4% to $1.85 billion. The company’s results will be aided by favorable price/mix, strong supply chain realized productivity and the contribution of recent acquisitions. Investors will be keen on any updates from the Pinnacle Foods (PF) acquisition deal.
IoT and enterprise software-solutions provider BlackBerry Ltd. (BB) will report its second-quarter results on Friday at 8 am ET. Analysts expect earnings to dip by 80% to $0.01 per share and revenue to plunge by 15.9% to $209.38 million. The results are likely to be hurt by the long process of shifting from handheld to enterprise-related solutions. Investors are not having hopes that the company will report a very strong second-quarter.