Focus on Lennar, Autozone, FedEx, Nike and Costco Wholesale

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  • Monday (September 20th)

  • Tuesday (September 21)

  • Wednesday (September 22nd)

  • Thursday (September 23rd)

  • Friday (September 24th)

Earnings calendar for the week of September 20th

Monday (September 20th)

IN FOCUS: LENNAR

Lennar Corp, a home construction and real estate company, is expected to post earnings per share of $ 3.27 for the third fiscal quarter, up over 54% year over year from $ 2.12 per share for the same period last year is equivalent to .

The Miami, Florida-based company would see revenue grow nearly 24% year-over-year to approximately $ 7.3 billion. For four quarters in a row, the company has exceeded expectations in terms of earnings per share.

“Lennar’s shares have outperformed the industry so far this year. The company benefits from effective cost control and a focus on increasing the efficiency of its housing construction platform, which in turn has resulted in greater operational leverage. Higher demand for new homes, supported by falling mortgage rates and low inventory levels, bodes well. Focusing on the lighter land strategy to increase free cash flow will strengthen the balance sheet and thereby increase returns, ”said the analysts at ZACKS Research.

“In addition, there has been a strong gross margin for residential construction for the third quarter, indicating an increase of 420 basis points (bps) towards the middle. It has also raised average sales price and margin expectations for fiscal 2021, indicating growth of 6% and 400 basis points year over year. However, higher land, labor and material costs are worrying. This could also put pressure on the company in the coming quarters. “

CHECK OUT OUR CALENDAR OF RESULTS FOR THE FULL PUBLICATIONS FOR SEPTEMBER 20TH

ticker

society

EPS forecast

LEN

Lennar

$ 3.27

HRB

H&R block

– $ 0.34

Tuesday (September 21)

IN FOCUS: AUTOZONE, FEDEX

AUTOZONE: The Memphis, Tennessee-based auto parts dealer is expected to report fourth-quarter earnings of $ 29.71 per share, down about 4% year over year from $ 30.93 per share for the same period last year.

“Autozone (AZO) is our first choice in the DIY car sector. We see it as a high quality retailer with the ability to grow earnings / FCF growth over time. While AZO is not immune to a tougher macro backdrop (fewer miles driven), we believe AZO is best positioned through any recession due to its leading exposure to the more defensive DIY segment (~ 80% of sales). In addition, DIFM growth accelerated before the COVID-19 disease and we believe it may gain more market share in this segment in the future. In our view, ongoing equity gains coupled with sound cost management should enable AZO to overcome headwinds by driving less in the short to medium term. These advantages seem to be priced in at the moment. “

FEDEX: The multinational delivery services company headquartered in Memphis, Tennessee, is expected to report earnings of $ 5.00 per share for the first quarter, up about 3% year over year from $ 4.87 per share for the same period last year.

The delivery company would post revenue growth of about 13% to $ 21.8 billion. Over the past four quarters, FedEx has outperformed earnings estimates by an average of 28%.

“The August quarter remained strong, although we are seeing some delays in deliveries that we believe management will resolve,” said Helane Becker, Cowen equity analyst.

“We are approaching the main shipping season and expect ~ 50,000 new employees to handle the expected record demand. Looking ahead, FedEx (FDX) should finally complete the TNT integration; European operations should show that. “

CHECK OUT OUR CALENDAR OF RESULTS FOR THE FULL RELEASES FOR SEPTEMBER 21st

ticker

society

EPS forecast

AZO

AutoZone

$ 29.71

FDX

FedEx

$ 4.94

ADBE

Adobe systems

$ 3.01

KGF

kingfisher

12.20 €

CBRL

Cracker Barrel Old Country Store

$ 2.33

NEOG

Neogene

$ 0.16

Wednesday (September 22nd)

ticker

society

EPS forecast

KBH

KB home page

$ 1.61

FUL

HB Fuller

$ 0.79

BBBY

Bettbad & Beyond Inc.

$ 0.52

UNFI

United Natural Foods

$ 0.80

GIS

General mills

$ 0.89

Thursday (September 23rd)

IN FOCUS: NIKE, COSTCO WHOLESALE

NIKE: The world’s largest athletic footwear and apparel company is expected to post earnings of $ 1.12 per share for the first quarter, up about 18% year over year from $ 0.95 per share in the same period last year.

The Beaverton, Oregon-based shoe retailer would see sales grow over 18% year over year to $ 12.6 billion.

“Investors are focusing on the impact of the plant closings in Vietnam on the sales forecast for the fiscal year. Our analysis and the conservatism of the mgmt guidelines indicate minimal risk. However, a high valuation requires beating and advancing quarters – stock price declines are possible and we buy on any weakness. Repeat overweight; Raise target price to $ 221, ”said Kimberly Greenberger, Morgan Stanley equity analyst.

“Nike (NKE) is trading at the high end of its historical valuation range and investors expect quarterly blows and forecast hikes. Unchanged or lowered forecasts for the FY due to temporary Vietnamese headwinds could lead to a decline in stocks. We would be buyers with any potential weakness. “

COSTCO WHOLESALE: The world’s fifth largest retailer is expected to post earnings of $ 3.56 per share in the fourth quarter, up over 1.4% year over year from $ 3.51 per share in the same period last year. The medical company, based in Fridley, Minnesota, would see sales growth of about 18% to about $ 63 billion.

CHECK OUT OUR CALENDAR OF RESULTS FOR THE FULL RELEASES FOR SEPTEMBER 23rd

ticker

society

EPS forecast

ACN

accent

$ 2.18

DRI

Restaurants Darden

$ 1.64

NKE

Nike

$ 1.12

COSTS

Costco Wholesale

$ 3.56

MTN

Vail resorts

– $ 3.46

PRGS

Progress software

$ 0.82

Friday (September 24th)

ticker

society

EPS forecast

CCL

carnival

– $ 1.43

CUK

carnival

– $ 1.45

CCL

carnival

– € 1.45

This article was originally published on FX Empire

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