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earnings calendar


Despite a short trading week following the Memorial Day holiday, there’s still much to focus on from an earnings perspective. This week's earnings calendar features companies reporting the rest of this week from apparel to telecommunications to semiconductors to home builders and more.

Here’s a lineup of some of the major companies reporting earnings between now and the end of the week courtesy of Woo Trader’s free Earnings Calendar report found here.

Related: Try Our Free Earnings Calendar

Michael Kors Holdings Ltd. (NYSE:KORSC)

Global accessories, footwear and apparel company, Michael Kors, will report earnings Wednesday before the opening bell.

Wall Street interest will focus on Kors, given recent reports by Macy’s Inc. M and Nordstrom Inc. JWN and general disappointing results in the retail space overall. Piper Jaffray analyst, Erinn Murphy noted that with KORS shares trading at a P/E of 9x next year and given the highly negative sentiment, in her opinion the negative downside is limited.

Ciena Corporation (NASDAQ:CIENB)

Network specialist, Ciena Corporation, a company dedicated to curing pain points for its customers, reports Thursday before the market opens.

Recently Ciena unveiled an enhancement to its Blue Planet network and service orchestration platform designed to speed up services. Ciena currently sits on an “Outperform” rating with “Strong Buys” from both Zack’s and Woo Trader.

Broadcom Limited (NASDAQ:AVGOC)

Singapore-based Broadcom Limited, a designer, developer and supplier of analog and digital semiconductor connectivity solutions reports Thursday after the market closes.

AVGO is expected to post profit of $2.38 a share, which represents an 11.7% increase from actual earnings a year ago. Q1 revenue is expected to be up 115.7% year over year according to estimates from 27 analysts.

The average PT of $176.89 is considered reasonable and represents a 15.6% increase from the stock’s closing price May 26.

Hovnanian Enterprises Inc. (NYSE:HOVB)

Hovnanian Enterprises, one of the nation’s largest builders of active adult homes will report Thursday before the opening bell.

Sell-side analysts expect Hovnanian to report an EPS of $-0.05 this week. Last year at this time the company posted an EPS of $-0.11. Before the last earnings release, Zacks Research had a consensus estimate projecting EPS of $-0.05. The surprise factor over the last 4 quarters was 4.17%.

Joy Global, Inc. (:JOYN/A)

Involved in manufacturing, servicing and distributing equipment for surface mining through its P&H Mining Equipment division and underground mining through its Joy Mining Machinery division, Joy Global Inc. reports earnings Thursday before the market opens for business.

Generally speaking, analysts don’t have a positive view of Joy Global. Bloomberg reported that of 23 analysts surveyed, 7 said “buy,” 11 said “hold” and 5 gave the stock a “sell” rating. Primary problem seems to be the fact Joy sit’s in a commodity market that is oversupplied causing Joy’s customer base to cut capex, which hurts Joy’s bottom line.

SouFun Holdings Ltd. (NYSE:SFUNC)

China’s SouFun Holdings Limited serves as a real estate Internet portal and home furnishing and improvement website in its home country. SouFun will report Thursday before the market opens.

Analysts project a maximum potential price target of $9 with a minimum reachable PT of $6. The stock’s price to book ratio for the most recent quarter was 3.12. On the earnings surprise front, SouFun posted -291.67% for the last 4 quarters.

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58.com Inc. (NYSE:WUBAC)

58.com Inc., based in Beijing, operates an online marketplace serving local merchants and consumers throughout China. The company will report Thursday before the opening bell.

According to The Wall Street Journal, analysts project a maximum potential price target of $86 for WUBA and a minimum reachable PT of $49. The stock showed a positive 6.93% earnings surprise for the last 4 quarters.

To learn more about companies reporting this week or when other companies on your watch list will report, visit our earnings calendar or a more detailed calendar here



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