- Three more prominent retailers are on deck to share their latest earnings results this week.
- Analysts expect year-over-year revenue growth from all three but earnings growth from just one.
- Consensus forecasts see earnings growth from only a few other retailers this week.
Although most of the big retailers have already reported on their most recent quarterly results, a few more step into the earnings spotlight this week. Among the most prominent are Dicks Sporting Goods Inc DKS, Dollar General Corp. DG and Urban Outfitters, Inc. URBN.
Wall Street analysts are looking for at least a little top-line growth, relative to the year-ago period, from all three. However, the consensus estimates call for earnings growth from only one of them. But are there any upside surprises coming, and if so, from which of these companies?
Below is a quick look at what is expected from these three reports, as well as a peek at some others that are on tap this week.
Dicks Sporting Goods
In its report early Tuesday, this specialty retailer is expected to report that fourth-quarter earnings per share (EPS) came to $1.18, according to 33 Estimize respondents. That would be down from the $1.30 per share in the same quarter of 2014. The Wall Street consensus estimate is three cents less, after falling by that much in the past 60 days.
The Estimize forecast sees revenue totaling $2.27 billion for the quarter, more than 5 percent higher year over year. The Wall Street estimate is about the same, but note that revenue narrowly fell short of expectations in the previous two quarters.
Dollar General
The Wall Street forecast calls for this variety store operator to post fiscal fourth-quarter EPS of $1.26 (about 7 percent higher than a year ago) and for revenue to have risen 7 percent as well to $5.28 billion. EPS topped expectations by a penny in the past two quarters, and the current estimate is unchanged in the past 60 days.
The nine Estimize survey respondents see things about the same: EPS of $1.25 and revenue of $5.26 billion for the three months that ended in January. Note that Estimize also underestimated earnings in the previous period. Dollar General is scheduled to share its latest results before Thursday's opening bell.
Urban Outfitters
If the consensus of 28 Estimize estimates are correct, this Philadelphia-based lifestyle retailer will post EPS of $0.57 for its fiscal fourth quarter. That compares to $0.60 in the year-ago period, and a Wall Street estimate of $0.56. Note that Estimize underestimated earnings in the previous two periods.
However, Estimize overestimated revenue in those two quarters, and this time is looking for $1.01 billion, or a bit more than 1 percent higher year over year. The Wall Street estimate is slightly more optimistic, calling for $1.02 when Urban Outfitters shares its numbers after the close on Monday.
And Others
Other retailers that Wall Street analysts expect to show at last some earnings growth when they report this week include Express, Kirkland's, Party City Holdco (sequentially), Smart & Final Stores and ULTA Beauty. EPS at Citi Trends will be the same as a year ago, if the consensus forecast is accurate.
And earnings declines are predicted for Buckle, Casey's General Stores, Genesco, Hibbett Sports, Stein Mart, ZAGG and Zumiez, as well as net losses for Christopher & Banks, Tailored Brands (formerly Men's Wearhouse) and U.S. Auto Parts Network.
A few more reports from retailers trickle in the following week, including from Aeropostale, Bon-Ton Stores, DSW, Lands' End, Shoe Carnival, Tiffany and Tilly's.
As far as other companies scheduled to share their latest results this week, analyst sentiment is pretty low. Consensus forecasts predict lower earnings from Canadian Solar, Finisar and United Natural Foods, as well as net losses from Box, Hovnanian Enterprises, Plug Power, Square and Sunrun. However, VeriFone Systems will show earnings growth, if the Wall Street view is on the nose.
Disclosure: At the time of this writing, the author had no position in the mentioned equities. Image Credit: Public Domain© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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