- Three specialty retailers are expected to share their latest quarterly results this week.
- Consensus forecasts from Wall Street analysts call for top-line growth from all three of them.
- However, only one is expected to offer growth in earnings, relative to the year-ago period.
In the lull between one earnings season and another, only a sprinkling of
off-season report are on the schedule for this week. Among the few anticipated reports will be the latest quarterly results from
three top specialty retailers.
The Wall Street forecasts call for top-line growth from all three, but unlike for arts and craft store operator Michaels
Companies Inc (NASDAQ: MIK), earnings declines are
predicted from athletic apparel purveyor Lululemon Athletica inc. (NASDAQ: LULU) and for home furnishings retailer Restoration Hardware Holdings
Inc (NYSE: RH).
Below is a quick look at what's expected from the reports of these three retailers, as well as a peek at some of other companies
that also are on tap to post quarterly results this week.
Lululemon Athletica
In its report early Wednesday, this retailer of yoga apparel and accessories is expected to say that in its fiscal first quarter
it had earnings of $0.32 per share, according to 89 Estimize respondents. That would be $0.02 less than in the same period of last
year. The Wall Street consensus estimate is just $0.31 per share, but note that the analysts underestimated EPS by a nickel in the
previous quarter.
The Estimize revenue estimates were less than the posted results in the previous quarter, and this time the respondents are
looking for about $488.12 million. The Wall Street revenue forecast is $487.69 million. Either estimate would be more than 15
percent higher than in the same period of last year.
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Michaels
The consensus Wall Street forecast calls for this leading operator of arts and crafts stores to post fiscal first-quarter
earnings of $1.22 per share (which would be more than 8 percent higher than in the year-ago period) and for revenue to have risen
nearly 8 percent to $1.17 billion in the period.
Note that EPS topped consensus expectations in the previous three quarters by a penny or two. The 14 analysts surveyed seem
pretty certain, as the consensus earnings estimate has not changed in the past 60 days, and the individual estimates only range
from $0.34 to $0.36. Estimize has no consensus forecast for Michaels, which is scheduled to share its latest results before
Tuesday's opening bell.
Restoration Hardware
The fiscal first-quarter profit of this home-furnishings retailer is predicted to have plunged to $0.05 per share, according to
both Wall Street analysts and the consensus of 13 Estimize respondents, from the $0.23 reported a year ago. Note that earnings fell
well short of expectations back in the fourth quarter.
In Wednesday afternoon's report, analysts are looking for $452.86 million in revenue. Estimize is somewhat more optimistic, with
a forecast of $466.01 million for the three months that ended in April. Revenue also fell well short of expectations in the
previous quarter. So far, Wall Street anticipates sequential and year-over-year revenue growth in the current period, as well as
per-share earnings of $0.80.
And Others
Other companies that Wall Street analysts expect to show at least some earnings growth when they post there latest results this
week include Casey's General Stores, HD Supply, H&R Block, J.M. Smucker, Thor Industries, Vail Resorts and VeriFone
Systems.
The EPS at Tailored Brands, United Natural Foods, Valeant Pharmaceuticals and Verint Systems will be smaller than a year ago, if
analysts' expectations are on target. And the consensus forecasts call for net losses from Mattress Firm and Navistar.
In the following week, watch for the latest results from the likes of Kroger, Oracle and Rite Aid.
At the time of this writing, the author had no position in the mentioned equities.
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