What to expect from HP and Tiffany this week
The companies are reporting earnings along with Barnes & Noble and Children's Place.
By Nelson Hem
Quarterly reports from Hewlett-Packard (HPQ) and Tiffany (TIF) will be among the highlights on the earnings front this holiday-shortened week. A handful of other retailers and a couple of Chinese solar companies are scheduled to report as well.
Below is a quick look at what analysts expect from some of this week's most prominent earnings reports.
Analysts expect the Palo Alto, Calif., company to say that its per-share earnings fell more than 13 percent year-over-year to $1 in the fiscal third quarter. Also, revenues for the quarter are estimated to be less than 7 percent lower to total $27.91 billion.
Note that Hewlett-Packard matched consensus EPS estimates in the previous quarter, after three quarters of earnings beats. However, the estimate for the third quarter has remained unchanged in the past 60 days. Look for the report Tuesday after the closing bell.
In addition, analysts expect net losses from cloud software maker Workday (WDAY) and Chinese social media company Renren (RENN), as well as a significant drop in earnings from TiVo (TIVO), when they share their results this week.
In its report early Tuesday, this retailer of fine jewelry and other luxury goods is expected to post third-quarter earnings that were more than 15 percent higher than in the year-ago period, to $0.58 per share. Analysts seem certain, as the consensus EPS estimate is unchanged in the past 60 days.
Revenues for the quarter are predicted to have risen more than four percent year-over-year to $889.51 million. Looking ahead, revenues for the current quarter are so far expected to have grown less than 5 percent, as well as more than 5 percent for the full fiscal year.
Barnes & Noble
The fiscal third-quarter forecast for Barnes & Noble (BKS) calls for a net loss of $0.04 and for revenues to total $1.76 billion. That compares to a net loss of $0.04 per share and $1.88 billion in sales in the year-ago period. Note that the analysts had expected a profit of $0.26 per share for the third quarter just 60 days ago.
For the current quarter, which includes most of the holiday shopping season, EPS of $0.56 on $2.11 billion in sales is in the consensus forecast. The company is scheduled to share its results Tuesday before the markets open.
Children's Place Retail Stores (PLCE), DSW (DSW) and Fred's (FRED) are expected to post year-over-year earnings gains this week. The forecasts for Brown Shoe (BWS), Chico's FAS (CHS) and Tilly's (TLYS) call for earnings declines, and analysts are looking for net losses from Citi Trends (CTRN) and Zale (ZLC).
This producer of Jennie-O turkey and other meat products is forecast to report earnings of $0.54 per share in Tuesday morning's report. That would be up from the $0.49 per share in the year-ago period. Note though that Hormel Foods (HRL) has not topped EPS expectations in the past four quarters.
The company also is expected to say that revenues totaled $2.3 billion in the third quarter, which would be higher than a year ago by about 6 percent. So far, sales and earnings results for the current quarter are expected to be similar to the third quarter forecast.
Third-quarter earnings from this integrated circuits maker are expected to come to $0.58 per share on $688.46 million in revenue in Tuesday's report. In the same period of the previous year, the company reported $0.58 per share on revenue of $694.96 million.
Analog Devices (ADI) exceeded consensus EPS expectations by more than five percent in the previous quarter. The consensus estimate for the most recent quarter is the same as it was 60 days ago. So far, a year-over-year growth in both EPS and revenue is forecast for the current quarter.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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