FedEx, General Mills, Oracle, Adobe: Earnings Reports To Watch, Sept. 18-21

  @moranzhang on September 14 2012 6:13 AM
FedEx boxes unloaded off delivery truck in New York after FedEx Corp. reported quarterly profit and revenue data that missed Wall Street estimates
FedEx boxes are unloaded from a delivery truck in New York City, December 16, 2010. REUTERS

Two quarters of corporate earnings are behind us for 2012 and a couple of third-quarter earnings reports are starting to trickle in.

This year's second-quarter revenue growth was only 0.8 percent higher year over year and has been steadily shrinking since hitting its peak in the second quarter of 2011, according to Greg Harrison at Thomson Reuters Proprietary Research.

Analysts believe there are more disappointments in store. They expect companies in the S&P 500 to post negative revenue growth rate - a 0.1 percent decline -- in the third quarter. Meanwhile, profits are expected to decline by 2 percent for the period.

FedEx Corporation (NYSE: FDX), operator of the world's largest cargo airline, shocked Wall Street last Tuesday when it warned that quarterly earnings will fall short of its forecast after a weak global economy damped revenue from express shipments.

The Memphis, Tennessee-based FedEx said profit for the quarter that ended Aug. 31 will range from $1.37 to $1.43 a share. That was less than the June 19 projection of $1.45 to $1.60 a share.

We ran a screen and produced a list of 10 notable companies set to report their earnings between Sept. 18 and Sept. 20. We have highlighted their expected reporting dates and times, along with analysts' EPS and revenue estimates from Reuters, as well as the stocks' year-to-date performances.

Tuesday Before Market Open, or BMO:

FedEx Corporation (NYSE: FDX) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The company has a market capitalization of $28.48 billion. It is expected to report FY 2013 first-quarter EPS of $1.41 on revenue of $10.7 billion, compared with a profit of $1.46 per share on revenue of $10.52 billion in the year-ago period. FedEx is trading around $90.02 per share. So far this year, the stock has gained 7.72 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 $25.39 billion. It is expected to report FY 2013 first-quarter EPS of 63 cents on revenue of $4.09 billion, compared with a profit of 64 cents per share on revenue of $3.85 billion in the year-ago period. General Mills is trading around $39.15 per share. So far this year, the stock has lost 3.07 percent.

AutoZone, Inc. (NYSE: AZO) is a retailer and a distributor of automotive replacement parts and accessories. The company has a market capitalization of $13.84 billion. It is expected to report FY 2012 fourth-quarter EPS of $8.42 on revenue of $2.8 billion, compared with a profit of $7.18 per share on revenue of $2.64 billion in the year-ago period. AutoZone is trading around $369.63 per share. So far this year, the stock has gained 13.74 percent.

Wednesday After Market Close, or AMC:

Adobe Systems Incorporated (Nasdaq: ADBE) is a diversified software company. The company has a market capitalization of $16.17 billion. It is expected to report FY 2012 third-quarter EPS of 58 cents on revenue of $1.1 billion, compared with a profit of 55 cents per share on revenue of $1 billion in the year-ago period. Adobe Systems is trading around $32.87 per share. So far this year, the stock has gained 16.31 percent.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) is a chain of retail stores. The company has a market capitalization of $16.31 billion. It is expected to report FY 2012 second-quarter EPS of $1.02 on revenue of $2.52 billion, compared with a profit of 93 cents per share on revenue of $2.31 billion in the year-ago period. Bed Bath & Beyond is trading around $70.49 per share. So far this year, the stock has gained 21.18 percent.

Thursday BMO:

ConAgra Foods, Inc. (NYSE: CAG) is a food company. The company has a market capitalization of $10.56 billion. It is expected to report FY 2013 first-quarter EPS of 36 cents on revenue of $3.24 billion, compared with a profit of 29 cents per share on revenue of $3.07 billion in the year-ago period. ConAgra Foods is trading around $25.89 per share. So far this year, the stock has lost 1.86 percent.

Rite Aid Corporation (NYSE: RAD) is a retail drugstore chain. The company has a market capitalization of $1.15 billion. It is expected to report a loss of 7 cents per share in the second quarter of fiscal year 2013 on revenue of $6.2 billion, compared with a loss of 11 cents per share on revenue of $6.27 billion in the year-ago period. Rite Aid is trading around $1.28 per share. So far this year, the stock has gained 1.59 percent.

CarMax, Inc (NYSE: KMX) is a retailer of used cars. The company has a market capitalization of $7.57 billion. It is expected to report FY 2013 second-quarter EPS of 51 cents on revenue of $2.74 billion, compared with a profit of 49 cents per share on revenue of $2.59 billion in the year-ago period. CarMax is trading around $33.15 per share. So far this year, the stock has gained 8.69 percent.

Thursday AMC:

Oracle Corporation (Nasdaq: ORCL) is an enterprise software company. The company has a market capitalization of $158.8 billion. It is expected to report FY 2013 first-quarter EPS of 53 cents on revenue of $8.43 billion, compared with a profit of 48 cents per share on revenue of $8.4 billion in the year-ago period. Oracle is trading around $32.52 per share. So far this year, the stock has gained 26.82 percent.

Tibco Software Inc. (Nasdaq: TIBX) is a provider of middleware and infrastructure software. The company has a market capitalization of $5.05 billion. It is expected to report FY 2012 third-quarter EPS of 27 cents on revenue of $259.79 million, compared with a profit of 23 cents per share on revenue of $8228.97 million in the year-ago period. Tibco Software is trading around $31.09 per share. So far this year, the stock has gained 30.2 percent.

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