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Lennar, KB Home, General Mills, Nike and Accenture are part of Zacks Earnings Preview
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For Immediate Release
Chicago, IL – Jun 25, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Lennar (LEN - Free Report) , KB Home (KBH - Free Report) , General Mills (GIS - Free Report) , Nike (NKE - Free Report) and Accenture (ACN - Free Report) .
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here.
Has Earnings Growth Peaked Already?
We still have a few more weeks to go before the big banks start reporting June-quarter results. But the Q2 reporting cycle has (officially) gotten underway, with results from 9 S&P 500 members already out. All of these early earnings releases are from companies that have fiscal quarters ending in May, but these get counted as part of the June-quarter tally.
We have another 11 index members with fiscal quarters ending in May on deck to report results this week. All in all, we will have seen such Q2 results from almost two dozen S&P 500 members by the time JPMorgan, Citigroup and Wells Fargo (unofficially) kick-off this earnings season on July 13th.
The notable earnings reports coming out this week include:
Lennarreports on Tuesday (6/26) before the market’s open, with the homebuilder expected to earn $0.45 per share in earnings on $5.23 billion in revenues, which compares to $0.91 per share on $3.26 billion in revenues in the year-earlier period. The stock was up big following the last earnings release, but overall it has been a tough period for Lennar shares as well as the broader homebuilder space.
Lennar shares are currently trading close to 52-week lows and are now down -18.8% since the start of the year, underperforming the Zacks Construction sector’s -8.1% year-to-date decline vs. the S&P 500 index’s +4% gain. KB Home which is scheduled to report results Thursday morning (06/28) is down even more than Lennar (down -19.9% YTD).
General Millsreports on Wednesday (6/27) morning, with the company expected to earn $0.75 per share on $3.91 billion in revenues, which compares to $0.73 per share on $3.81 billion in revenues in the year-earlier period. Estimates have come down a bit in recent days and the stock has lost ground following each of the last two earnings reports. The stock was down big in the run up to and the day of the last earning release on March 21st and has essentially remained flat since then. General Mills shares are currently down -22.3% since the start of the year, underperforming the struggling Consumer Staples sector’s -10.3% year-to-date decline.
Nikereports after the market’s close on Thursday (6/28), with the company expected to earn $0.64 in EPS on $9.39 billion in revenues, which compares to $0.60 EPS on $8.68 billion in revenues in the year-earlier period. The stock was down following each of the last three earning releases, but has been an impressive performer this year, outperforming the Zacks Consumer Discretionary sector as well as the broader market. Nike shares are currently trading close to their 52-high and are up +18.6% vs. the Consumer Discretionary sector’s +4.7% year-to-date period.
Accenture will report before the market’s open on Thursday (6/28), with the company expected to earn $1.71 per share in earnings on $10.02 billion in revenues, up +12.5% and +13% from the year-earlier period, respectively. Accenture has been spotlighting its opportunity in the digital, cloud and security areas in recent quarters and revenues from those areas should show strong momentum in this release as well.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Lennar, KB Home, General Mills, Nike and Accenture are part of Zacks Earnings Preview
For Immediate Release
Chicago, IL – Jun 25, 2018 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Lennar (LEN - Free Report) , KB Home (KBH - Free Report) , General Mills (GIS - Free Report) , Nike (NKE - Free Report) and Accenture (ACN - Free Report) .
To see more earnings analysis, visit https://at.zacks.com/?id=3207.
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here.
Has Earnings Growth Peaked Already?
We still have a few more weeks to go before the big banks start reporting June-quarter results. But the Q2 reporting cycle has (officially) gotten underway, with results from 9 S&P 500 members already out. All of these early earnings releases are from companies that have fiscal quarters ending in May, but these get counted as part of the June-quarter tally.
We have another 11 index members with fiscal quarters ending in May on deck to report results this week. All in all, we will have seen such Q2 results from almost two dozen S&P 500 members by the time JPMorgan, Citigroup and Wells Fargo (unofficially) kick-off this earnings season on July 13th.
The notable earnings reports coming out this week include:
Lennar reports on Tuesday (6/26) before the market’s open, with the homebuilder expected to earn $0.45 per share in earnings on $5.23 billion in revenues, which compares to $0.91 per share on $3.26 billion in revenues in the year-earlier period. The stock was up big following the last earnings release, but overall it has been a tough period for Lennar shares as well as the broader homebuilder space.
Lennar shares are currently trading close to 52-week lows and are now down -18.8% since the start of the year, underperforming the Zacks Construction sector’s -8.1% year-to-date decline vs. the S&P 500 index’s +4% gain. KB Home which is scheduled to report results Thursday morning (06/28) is down even more than Lennar (down -19.9% YTD).
General Mills reports on Wednesday (6/27) morning, with the company expected to earn $0.75 per share on $3.91 billion in revenues, which compares to $0.73 per share on $3.81 billion in revenues in the year-earlier period. Estimates have come down a bit in recent days and the stock has lost ground following each of the last two earnings reports. The stock was down big in the run up to and the day of the last earning release on March 21st and has essentially remained flat since then. General Mills shares are currently down -22.3% since the start of the year, underperforming the struggling Consumer Staples sector’s -10.3% year-to-date decline.
Nike reports after the market’s close on Thursday (6/28), with the company expected to earn $0.64 in EPS on $9.39 billion in revenues, which compares to $0.60 EPS on $8.68 billion in revenues in the year-earlier period. The stock was down following each of the last three earning releases, but has been an impressive performer this year, outperforming the Zacks Consumer Discretionary sector as well as the broader market. Nike shares are currently trading close to their 52-high and are up +18.6% vs. the Consumer Discretionary sector’s +4.7% year-to-date period.
Accenture will report before the market’s open on Thursday (6/28), with the company expected to earn $1.71 per share in earnings on $10.02 billion in revenues, up +12.5% and +13% from the year-earlier period, respectively. Accenture has been spotlighting its opportunity in the digital, cloud and security areas in recent quarters and revenues from those areas should show strong momentum in this release as well.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Click to subscribe to this free newsletter today.
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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.