Earnings Preview: Monsanto Company (MON), Walgreen Company (WAG), General Mills Inc (GIS), Nike Inc (NKE)

 @moranzhang
on June 21 2013 6:12 AM

Expectations for second-quarter U.S. company earnings are on a slippery slope down Wall Street.

With one week left in the second quarter, it is a good time to measure revisions in earnings estimates for companies in the S&P 500.

Currently, analysts expect earnings to grow by 3.4 percent from the year-ago period, according to Thomson Reuters data. That’s much lower than the 6 percent analysts were forecasting at the beginning of the quarter. Revenue estimates are even weaker, with 1.9 percent growth expected.

Of the 121 companies that have issued second-quarter guidance so far, 96 are negative and only 15 are positive. With a negative-to-positive ratio of 6.4, the quarter's sentiment is on track to be the worst of any earnings season since the first quarter of 2001.

We ran a screen and produced a list of 13 notable companies set to report earnings between June 24 and June 28. We've highlighted their expected reporting dates and times, along with analysts' earnings-per-share and revenue estimates from Reuters, as well as the stocks' year-to-date performances.

Tuesday Before Market Open, or BMO:

Walgreen Company (NYSE: WAG) together with its subsidiaries, operates drugstore chains in the U.S. The company has a market capitalization of $46.38 billion. It is expected to report FY 2013 third-quarter EPS of 91 cents on revenue of $18.47 billion, compared with a profit of 72 cents per share on revenue of $17.75 billion in the year-ago period. Walgreen is trading at around $48.94 per share. So far this year, the stock has gained 32.2 percent.

Barnes & Noble Inc. (NYSE: BKS) is a bookseller. The company has a market cap of $1.11 billion. It is expected to report a FY 2013 fourth-quarter loss of 99 cents a share on revenue of $1.33 billion, compared with a loss of 98 cents a share on revenue of $1.38 billion in the year-ago period. Barnes & Noble is trading at around $18.47 a share. So far this year, the stock has gained 22.1 percent.

Carnival Corporation (NYSE: CCL) is a cruise company. The company has a market capitalization of $27.07 billion. It is expected to report FY 2013 second-quarter EPS of 6 cents on revenue of $3.56 billion, compared with a profit of 20 cents per share on revenue of $3.54 billion in the year-ago period. Carnival Corporation is trading at around $33.51 per share. So far this year, the stock has lost 8.8 percent.

Lennar Corporation (NYSE: LEN) is a homebuilder and a provider of financial services and through its Rialto Investments (Rialto) segment, an investor and manager of funds that invest in real estate assets. The company has a market capitalization of $6.7 billion. It is expected to report FY 2013 second-quarter EPS of 33 cents on revenue of $1.33 billion, compared with a profit of $2.06 a share on revenue of $930.16 million in the year-ago period. Lennar Corporation is trading at around $34.73 a share. So far this year, the stock has lost 10 percent.

Tuesday After Market Close, or AMC:

Apogee Enterprises Inc (Nasdaq: APOG) is involved in the design and development of value-added glass products, services and systems. The company has a market capitalization of $681.47 million. It is expected to report FY 2014 first-quarter EPS of 14 cents on revenue of $172.35 million, compared with a profit of 6 cents a share on revenue of $154.13 million in the year-ago period. Apogee Enterprises Inc. is trading at around $23.88 a share. So far this year, the stock has lost 0.3 percent.

Apollo Group Inc (Nasdaq: APOL) is a private education provider. The company has a market capitalization of $681.47 million. It is expected to report FY 2013 third-quarter EPS of 85 cents on revenue of $965.07 million, compared with a profit of $1.20 a share on revenue of $1.13 billion in the year-ago period. Apollo Group Inc. is trading at around $19.98 a share. So far this year, those stock has lost 4.8 percent.

Wednesday BMO:

General Mills Inc. (NYSE: GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market capitalization of $31.37 billion. It is expected to report FY 2013 fourth-quarter EPS of 53 cents on revenue of $4.32 billion, compared with a profit of 60 cents per share on revenue of $4.07 billion in the year-ago period. General Mills is trading at around $48.50 per share. So far this year, the stock has gained 20 percent.

Monsanto Company (NYSE: MON) along with its subsidiaries, is a provider of agricultural products for farmers. The company has a market capitalization of $56.03 billion. It is expected to report FY 2013 third-quarter EPS of $1.61 on revenue of $4.42 billion, compared with a profit of $1.63 per share on revenue of $4.22 billion in the year-ago period. Monsanto Company is trading at around $104.66 per share. So far this year, the stock has gained 1.09 percent.

Wednesday AMC:

Bed Bath & Beyond Inc. (Nasdaq: BBBY) is a chain of retail stores. The company has a market capitalization of $15.52 billion. It is expected to report FY 2013 first-quarter EPS of 93 cents on revenue of $2.60 billion, compared with a profit of 89 cents per share on revenue of $2.22 billion in the year-ago period. Bed Bath & Beyond is trading at around $69.90 per share. So far this year, the stock has gained 25.3 percent.

Paychex Inc. (Nasdaq: PAYX) is a provider of payroll, human resource and benefits outsourcing solutions for small to medium-sized businesses. The company has a market capitalization of $13.36 billion. It is expected to report FY 2013 fourth-quarter EPS of 38 cents on revenue of $585.96 million, compared with a profit of 34 cents per share on revenue of $551.50 million in the year-ago period. Paychex is trading at around $36.76 per share. So far this year, the stock has gained 18.1 percent.

Thursday BMO:

ConAgra Foods Inc. (NYSE: CAG) is a food company. The company has a market cap of $13.73 billion. It is expected to report FY 2013 fourth-quarter EPS of 59 cents on revenue of $4.61 billion, compared with a profit of 51 cents a share on revenue of $3.61 billion in the year-ago period. ConAgra is trading at around $32.93 a share. So far this year, the stock has gained 11.7 percent.

KB Home (NYSE: KBH) is a builder of single-family residential homes, townhomes and condominiums. The company has a market cap of $1.63 billion. It is expected to report a loss of 7 cents a share in the second quarter of fiscal year 2013 on revenue of $452.36 million, compared with a loss of 31 cents per share on revenue of $302.85 million in the year-ago period. KB Home is trading at around $19.47 a share. So far this year, the stock has gained 23.2 percent.

Thursday AMC:

Nike Inc. (NYSE: NKE) is engaged in the design, development, and marketing of footwear, apparel, equipment, and accessory products. The company has a market cap of $54.58 billion. It is expected to report FY 2013 fourth-quarter EPS of 75 cents on revenue of $6.64 billion, compared with a profit of 59 cents a share on revenue of $6.47 billion in the year-ago period. Nike is trading at around $61.08 a share. So far this year, the stock has gained 18.3 percent.

Share this article

More News from IBT MEDIA