Earnings Expectations For The Week Of September 9

This looks to be another quiet week on the earnings front, while attention is on questions such as whether the United States will take action in Syria and when the Federal Reserve will begin tapering its quantitative easing efforts. But Kroger KR and Lululemon Athletica LULU will be stepping into the earnings spotlight. Others on deck include Hovnanian Enterprises HOV, Men's Wearhouse MW, PVH PVH and Ulta Beauty ULTA. Here is a quick look at analysts' expectations from the week's most prominent quarterly reports. See also: Weekly Preview: Japan And China Take Center Stage; Syria Still In Focus Hovnanian Analysts expect one of the largest U.S. home builders to say that per-share earnings fell about 72 percent year-over-year to $0.07 in the fiscal third quarter. However, revenues for the quarter are estimated to be about 30 percent higher to total $504.70 million. Note that this consensus EPS estimate has remained steady over the past 60 days. The Red Bank, New Jersey-based company showed a surprise profit in the second-quarter report. The company is scheduled to share its results early Monday morning. Kroger The largest purely grocery store operator in the United States is expected to report earnings of $0.60 per share for its fiscal second quarter. That would be up from EPS of $0.51 in the year-ago period. Revenues for the quarter are estimated to be more than four percent higher to $22.67 billion. Here too the consensus EPS estimate is the same as it was 60 days ago, though this Cincinnati-based company topped earnings expectations in the previous four quarters. For the current quarter, analysts so far expect similar year-over-year growth in both EPS and sales. Look for the earnings report Thursday before the opening bell. Lululemon Athletica In its report early Thursday, this yoga-inspired athletic apparel company is expected to post fiscal second-quarter earnings that were four cents per share lower than in the year-ago period, or $0.35. Again the analysts seem confident, as their consensus EPS estimate is unchanged over the past 60 days. Lululemon Athletica exceeded EPS expectations in the past four quarters. Revenues from the Canadian company are predicted to total $343.10 million for the most recent quarter. That would be more than 21 percent higher than a year ago. So far, revenue and EPS for the current quarter are expected to be higher, both sequentially and year-over-year. See also: The Mother Of All Earnings Lotto Tickets -- Lululemon Athletica Men's Wearhouse This Houston-based retailer of men's dress clothes is expected to say Wednesday after the markets close that for its fiscal second quarter it had $1.14 EPS and $671.04 million in revenue. In the same period of the previous year, it reported a profit of $1.15 per share on $662.30 million in revenue. Men's Wearhouse exceeded analysts' EPS expectations by more than 18 percent in the first quarter, but fell short in the previous two periods. The consensus EPS estimate for the most recent quarter slipped by a penny in the past 60 days. So far, modest annual growth of EPS and revenue is forecast for the current quarter. PVH The fiscal second-quarter forecast for the world's largest shirt maker calls for per-share earnings of $1.37 and $1.89 billion in revenues. In the same quarter of the previous year, PVH beat consensus earnings estimates when it posted $1.25 per share and sales of $1.34 billion. The consensus EPS estimate for the second quarter is the same as it was 60 days ago. Note that the positive earnings surprise in the first quarter was by more than 41 percent. Look for the PVH's report Monday after the markets close. Ulta Beauty Fiscal second-quarter earnings from this operator of big-box cosmetics stores and salons are forecast to come to $0.67 per share in Thursday afternoon's report. That would be up from $0.54 per share in the year-ago period. Ulta Beauty beat consensus EPS estimates in the previous four quarters. Based in the Chicago area, this company is expected to say that revenues totaled $588.37 million in the second quarter, which would be higher than a year ago by more than 22 percent. Also, so far revenue and EPS for the current quarter are expected to be up both sequentially and year-over-year. And Others Other companies predicted to report year-over-year earnings growth this week include Analogic ALOG, Casey's General Stores CASY and Oxford Industries OXM. But earnings declines are expected from Accretive Health AH and Vera Bradley VRA, while analysts are looking for a net loss from China Sunenergy CSUN. The following week, look for quarterly reports from FedEx FDX, General Mills GIS, Oracle ORCL and others.