Week Ahead: Retailers and Tech Earnings

123jump.com Staff
13 Aug, 2005
New York City

Home Depot, Nordstrom, Abercrombie & Fitch, TJX, Foot Locker are few of the large retailers to report earnings this week. Gateway, Brocade, Sonic Solutions are few of the tech companies on the list.

TECH COMPANIES

Gateway Inc, Personal Computer maker is expected to release earnings this Monday after the close. The 2Q earnings are estimated at 2 cents vs. loss of 13 cents a year ago on revenue of $895 million.

The Sonic Solutions Inc is expected to release earnings after the close on Monday. The 2Q earning is estimated at 14 cents vs. 16 cents a year ago on revenue of 33 million. The $440 million market company’s share has jumped 13% in the last three months.


RETAILERS

Several retailers are scheduled to release earnings on Tuesday. Staples, Home Depot, American Eagle Outfitters, TJX, Abercrombie & Fitch, Books-A-Million and Nordstrom.

American Eagle Outfitters is scheduled to release its earnings on Tuesday morning before the bell. The analysts are looking the teen-age retailer to report 36 cents vs. 22 cents a year ago on revenue of 508 million. The stock has jumped 16% in the last three months.

The office supplies retailer Staples Inc earnings are estimated at 19 cents vs. 16 cents a year ago on revenue of $3.45 billion. The $16 billion market company’s stock has gained 9% in the last three months of trading.

Home Depot, home improvement retailer with 1,900 stores, is expected to release earnings on Tuesday before the bell. The company is estimated to release earnings of 79 cents vs. 70 cents a year ago on revenue of $22.04 billion. The last three months’ stock performance is 19% gain.

After the close on Tuesday, the luxury retailer Nordstrom is expected to report 48 cents vs. 38 cents a share earning a year ago on revenue of $2.05 billion. The 183 store retailer under various names is estimated to earn $1.86 for the full year. The stock in the last three months has jumped 22% and 60% in the last twelve months.


OTHER NOTABLE COMPANIES

The Valspar Corp, the specialty paint manufacturer, second quarter earnings is estimated at 89 cents on revenue of $730 million. The $2.5 billion market company has witnessed its stock price jumped 20% in the last 70 days.

Sysco Corp’ 2Q earnings are estimated at 45 cents on revenue of $8.14 billion. The $21 billion food services company’s shares have declined 7% in the last three months.