Earnings Expectations For The Week Of August 25: Dog Days Reports

It is the dog days of summer, and the earnings season is winding down. A few more big retailers are scheduled to share their most recent quarterly results this week, including Abercrombie & Fitch ANF, Best Buy BBY and Dollar General DG.

Some solar companies are on deck this week, too, including Trina Solar TSL and Yingli Green Energy YGE. Investors will get to see how Smith & Wesson SWHC fared in a period that included unease about immigration and ongoing concern about Second Amendment issues.

Abercrombie & Fitch

The fiscal second-quarter forecast for Abercrombie & Fitch calls for earnings per share (EPS) have declined from $0.14 in the year-ago period to $0.11 in Thursday morning's report. Revenues are expected to have fallen almost 4 percent to $909.22 million.

Note that the consensus EPS estimate has ticked down by a penny in the past 60 days, but the retailer topped consensus EPS expectations by double-digit percentages in the previous three quarters. So far, the consensus forecast for the current quarter includes a year-on-year earnings gain.

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Best Buy

Analysts expect this consumer electronics superstore operator to say that it had earnings of $0.31 per share in its fiscal second quarter. That would be down from $0.32 per share in the year-ago period. Revenues are forecast to have slipped from $9.30 billion a year ago to $8.99 billion for the three months that ended in July.

Best Buy handily topped EPS estimates in the previous four periods by as much as 166 percent, but the consensus EPS estimates for the most recent quarter ticked down a penny from breakeven. The company is scheduled to report Tuesday before the markets open.

Dollar General

This discount retailer, which just saw its takeover bid for rival Family Dollar rejected, is expected to report a profit of $0.83 per share in Thursday morning's report. That would be up from EPS of $0.77 in the same period of last year. Note that analysts overestimated its EPS in the previous quarter, but only by a penny.

The company also is expected to say that revenues gained more than 8 percent from a year ago to $4.77 billion for the fiscal second quarter. So far, sales for the current period are predicted to be flat sequentially, and for the full year more than 8 percent growth is predicted.

Trina Solar

When it shares its results early Tuesday, this Chinese solar products maker is expected to say its earnings for the most recent quarter swung to $0.14 per share from a year-ago net loss of $0.47. Note though that the consensus estimate shrank in the past 60 days from $0.17.

In addition, the consensus forecast calls for quarterly revenues to total $562.35 million. That would be more than 27 percent higher than a year ago. Analysts thus far are looking for a more than 23 percent gain in revenue for the current quarter, as well as more than 38 percent for the full year.

Yingli Green Energy

The forecast for this Chinese photovoltaic products maker calls for a net loss of $0.14 per share and for revenue to come to $588.00 million for the second quarter. In the year-ago period, Yingli posted a net loss of $0.33 per share and sales totaled $550.44 million.

Note that analysts underestimated the depth of the per-share net loss by almost 46 percent in the previous quarter and by more than 82 percent in the period before that. Look for the company to share its latest results Wednesday before the opening bell.

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Smith & Wesson

In its report late Tuesday, this iconic firearms maker is expected to report that its EPS decreased from $0.40 in the year-ago quarter to $0.25 for the three months that ended in July. Analysts seem certain, as 60 days ago that consensus EPS estimate was just the same, and individual estimates only range from $0.24 to $0.27.

Revenues for the most recent quarter are predicted to have tumbled more than 21 percent to $133.93 million, relative to the same period of last year. So far, the consensus forecast has revenue down less than 2 percent and earnings flat year over year in the current quarter.

And Others

Other retailers expected to report earnings gains this week include Signet Jewelers, Tiffany and Williams-Sonoma. Analysts are looking for year-over-year earnings declines from Big Lots, Chico's FAS, DSW, Express and Genesco.

Elsewhere on the earnings front, Analog Devices, Aruba Networks, Avago Technologies, Qihoo 360 Technology and Toronto-Dominion Bank will also report earnings gains, if the consensus expectations are correct. Analysts anticipate shrinking EPS from TiVo and wider net losses from Splunk and Workday.

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