Nike Inc, Bed Bath & Beyond Inc. - Earnings Expectations For The Week Of September 22

The new earnings season is still a couple of weeks away, but a handful of notable quarterly reports are scheduled for this week. Analysts are looking for earnings growth in results from Carnival Corporation CCL, KB Home KBH, Micron Technology Inc. MU and Nike Inc NKE.

However, the consensus forecasts call for declining earnings from Bed Bath & Beyond Inc. BBBY and yet another net loss from BlackBerry Ltd. BBRY when the company shares its most recent results this week.

Bed Bath & Beyond

The fiscal second quarter forecast for this retailer of domestic merchandise calls for earnings per share (EPS) to have fallen from $1.16 in the year-ago period to $1.14 in Tuesday afternoon's report, yet revenues are expected to be more than 2 percent higher at $2.89 billion.

Note that 60 days ago the consensus EPS estimate was a penny higher, and that EPS fell short of consensus expectations in the previous quarter by a penny. So far, the consensus forecast for the current quarter shows sequential and year-on-year growth on the top and bottom lines.

See also: Morgan Stanley Comments On BlackBerry Prior To Q2 Earnings

BlackBerry

The forecast for this Ontario-based wireless communications company calls for a net loss of $0.16 per share and for revenue to come to $945.56 million for the fiscal second quarter. In the year-ago period, the company posted a net loss of $0.47 per share and revenue totaled $1.57 billion.

The consensus EPS estimate for the period that ended in August has not changed in the past 60 days, but the per-share net losses were much narrower than analysts expected in the previous two quarters. Look for the company to share its latest results Friday before the opening bell.

Carnival

Analysts expect this Miami-based cruise ship operator to say that it had a profit of $1.44 per share in its fiscal third quarter. That would be $0.06 more than in the year-ago period. Revenues are forecast to have risen more than 4 percent from a year ago to $4.93 billion for the period that ended in August.

Carnival topped EPS estimates in the previous four periods, but the consensus EPS estimate for the most recent quarter has remained steady over the past 60 days, and individual estimates range from $1.54 to $1.39. The company is scheduled to share its results Tuesday before the markets open.

KB Home

When it shares its results early Wednesday, this Los Angeles-based homebuilder is expected to say its earnings for the most recent quarter swelled year over year by 25 percent to $0.40 per share. Note the wide range of individual earnings estimates: from $0.25 per share up to $0.55 per share.

The consensus forecast also calls for fiscal third quarter revenue of $646.76 million. That would be almost 18 percent higher than a year ago. Analysts thus far are looking for a more than 20 percent gain in revenue for the current quarter, as well as a more than 41 percent rise in per-share earnings.

Micron Technology

This flash memory and data storage maker is expected to report a profit of $0.80 per share in Thursday afternoon's report. That would be a gain of 75 percent from the same period of last year. Note that analysts underestimated its EPS in the previous three quarters by double-digit percentages.

The Boise-based company also is expected to say that revenues jumped more than 46 percent from a year ago to $4.15 billion for the fiscal fourth quarter. Year-on-year revenue growth of more than 80 percent to $16.35 billion is predicted for the full year, as well as EPS of $3.21.

Nike

In its report late Thursday, this leading global athletic apparel maker is expected to say that its EPS rose $0.02 from in the year-ago quarter to $0.88 for the three months that ended in August. That consensus EPS estimate is unchanged in the past 60 days, and EPS beat estimates in the previous four periods.

Revenues for the fiscal first quarter are predicted to have grown by more than 10 percent to $7.83 billion, relative to the same period of last year. So far the full-year forecast for the current quarter has revenue up about 10 percent and earnings more than 10 percent higher.

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And Others

Others expected to report earnings gains this week include Accenture, AutoZone, CarMax, Corinthian Colleges, Finish Line, Paychex and Thor Industries. Analysts are looking for year-over-year earnings declines from Ascena Retail, Jabil Circuit and Steelcase, as well as a wider net loss from Vail Resorts.

In the following week, keep a look out for results from Constellation Brands, Walgreen and others.

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