In the coming trading sessions, corporate earnings action will begin to heat up as traders prepare to make bets ahead of Q1 earnings releases. Several names will be making waves next week as the week plays out. Here is what to expect from four companies that are on the clock.
Home Sweet Home
On Tuesday morning, the homebuilder Lennar (LEN) will weigh in with the results of its Q1. The consensus estimate among analysts is EPS of $0.04 compared to $0.14 in the company's Q1 from 2011. Total revenue is projected to spike by 25.6%.
The company is coming off of its seventh consecutive quarter of profitability as the market for homebuilders continues to recover. The outlook for the sector as a whole is relatively promising. The National Association of Home Builders/Wells Fargo Index of homebuilder confidence remains at its highest level since the summer of 2007. Lennar shares have surged 34.5% so far this year.
Also set to report its earnings on Tuesday is the drugstore chain Walgreen (WAG). Before the opening bell, Wall Street will be looking for the company to announce EPS of $0.77 versus $0.80 in the year-ago quarter. Sales are expected to remain flat. Shares of Walgreen are up 2.3% year-to-date.
Cash Crops
Following the market close on Wednesday of next week, crop nutrient company Mosaic (MOS) will announce its fiscal Q3 results. The consensus is that the company will post $2.54 billion in revenue compared to $2.21 billion in the prior year quarter.
The company has benefited from better pricing and share gains in the North American phosphate market. Last quarter, Mosaic spent approximately $1.2 billion to repurchase approximately 5% of its total outstanding shares.
Mosaic shareholders have seen their investment appreciate to the tune of 15.1% in 2012. The 50-day moving average of this stock is still quite a bit below its 200-day moving average. A surprise to the upside has the potential to cut the gap between the two by a significant margin.
One other stock for traders to keep an eye on in the coming days is Family Dollar Stores (FDO). The discount retailer is slated to report its earnings before the market open on Wednesday. Analysts are expecting the company to check in with a 15.3% pop in EPS on an 8.7% improvement in total revenue. Shares of Family Dollar have fallen 1.2% since the beginning of the year.
Our trading reports in this article:
- LEN
- WAG
- MOS
- FDO
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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