[ad_1]
With buying and selling interrupted by Wednesday’s Juneteenth vacation, the earnings schedule is comparatively gentle this week. However a couple of essential names are on the docket, together with Aurora Hashish (ACB) and Kroger (NYSE:KR).
In the meantime, KB Dwelling (NYSE:KBH) and Lennar (NYSE:LEN) will present an extra have a look at how the housing business is doing. CarMax (NYSE:KMX) will make clear the state of auto gross sales, whereas Accenture (NYSE:ACN) will carry buyers updated on its plans for spending on synthetic intelligence initiatives.
Beneath is a rundown of main earnings stories due within the week of June 17 to June 21:
Lennar (LEN) is about to report its quarterly earnings on Monday, after the closing bell. Analysts predict a Y/Y rise in EPS and income. Buyers will intently monitor how macroeconomic difficulties have affected homebuilders’ monetary circumstances.
Gytis Zizys, an SA creator who has a Maintain ranking on the inventory, states that whereas Lennar’s financials present a slight restoration in revenues, uncertainty persists as a result of rate of interest scenario and a decline in house gross sales.
Based on SA Investing Group Chief The Insiders Discussion board, the weakening economic system and rising unemployment will cut back housing demand and improve the provision of present properties. It will hurt house builders like Lennar.
Shut on the heels of fellow homebuilder Lennar’s (LEN) outcomes, KB Dwelling (KBH) is about to report its monetary figures after the market closes on Tuesday. Analysts predict Y/Y declines in each income and earnings.
Promote-side analysts and Looking for Alpha’s Quant Ranking system are cautious on KHB, giving it a Maintain ranking. In April, KB Dwelling accepted a brand new $1B buyback plan and elevated its dividend by 25%.
Consensus EPS Estimates: $1.81 Consensus Income Estimates: $1.65B Earnings Perception: KB Dwelling has overwhelmed EPS expectations in 7 of the previous 8 quarters, however has topped income estimates solely twice in that span.
Additionally reporting: Patterson Corporations (PDCO), America’s Automobile-Mart (CRMT), Golden Matrix Group (GMGI), Qudian (QD) and extra.
Wednesday, June 19
Markets closed for the Juneteenth vacation
Thursday, June 20
Kroger Co. (KR) is slated to launch quarterly outcomes on Thursday, earlier than the market opens. Kroger is presently rated as a Purchase by Wall Avenue, whereas Looking for Alpha’s Quant Ranking system shifted to Maintain a month in the past.
SA creator Harrison Schwartz notes that whereas Kroger’s inventory surged after robust Q1 earnings, the corporate is struggling to achieve FTC approval for its merger with Albertsons. To handle this, Kroger plans to promote 579 shops to C&S Wholesalers for $2.9V in money, however it’s unsure if this may fulfill the FTC.
Schwartz is skeptical about Kroger’s capacity to enhance revenue margins, as the corporate is promoting shops which may achieve a market benefit and has promised to not shut provide chain facilities. Moreover, rising meals and gasoline prices may stress Kroger, doubtlessly resulting in a decline within the firm’s efficiency over the approaching 12 months because of value pressures and merger-related uncertainties.
Accenture (ACN)
Accenture (ACN) is about to report its outcomes earlier than the market opens on Thursday. The Irish-American IT agency has seen its shares decline by about 20% in 2024. Looking for Alpha’s Quant Ranking system has assigned the inventory a Maintain ranking, even whereas Wall Avenue analysts have a consensus Purchase ranking.
SA contributor The Dividend Bro, who’s bullish on the inventory, notes, “The valuation is engaging, with potential for double-digit whole returns and a rising dividend.”
Nevertheless, Michael Wiggins De Oliveira, a frontrunner of an SA investing group, advises warning. He argues that Accenture’s excessive valuation, mixed with a latest downward revision of its development prospects, makes it troublesome to advocate. Particularly, he factors to the 20x ahead free money stream and uncertainties surrounding the corporate’s development trajectory and valuation.
Consensus EPS Estimates: $3.17 Consensus Income Estimates: $16.59B Earnings Perception: Accenture has topped EPS estimates in 7 of the previous 8 quarters, and income estimates 6 occasions in these stories.
Additionally reporting: Aurora Hashish (ACB), Darden Eating places (DRI), Jabil (JBL), Business Metals Firm (CMC), GMS (GMS), Winnebago Industries (WGO), Tsakos Power Navigation (TEN), Algoma Metal Group (ASTL), Smith & Wesson Manufacturers (SWBI), Mesabi Belief (MSB) and extra.
Friday, June 21
CarMax (KMX)
CarMax (KMX) is about to announce its quarterly outcomes earlier than the market opens on Friday, with analysts anticipating a revenue decline of greater than 31%. Wall Avenue analysts fee the inventory as a Purchase, contrasting with Looking for Alpha’s Quant Ranking system, which assigns it a Maintain.
BofA Securities analyst John Murphy highlights potential headwinds for CarMax, pointing to ongoing challenges within the used automobile market. CarMax’s heavy reliance on this phase, mixed with intense competitors from franchised sellers and on-line used automobile retailer Carvana, poses important dangers. Consequently, Murphy downgraded CarMax to Underperform with a $50 worth goal.
Consensus EPS Estimates: $0.98 Consensus Income Estimates: $7.21B Earnings Perception: CarMax has overwhelmed EPS expectations in 4 of the previous 8 quarters, topping income estimates in 5 of these stories.
Additionally reporting: FactSet Analysis Methods (FDS), Evergreen Company (EVGR), Expertise & Telecommunication Acquisition Company (TETE), Kaival Manufacturers Improvements Group (KAVL), Sonoma Prescribed drugs (SNOA), and extra.
[ad_2]
Source link
