Earnings Week Ahead – (July 11-15)

 

Prominent Earnings To Watch on July 11 (GBX, PSMT)

Railroad freight car equipment maker Greenbrier Companies Inc. (NYSE:GBX) is due to release its third-quarter results on Monday, July 11, 2022, with Wall Street analysts estimating earnings of $0.59 per share and revenue of $740.67 million for the quarter. In the prior year period, the company reported Q3 net income of $19.7 million or $0.59 per share, adjusted net income of $23.3 million or $0.69 per share, and revenue of $450.1 million.

U.S.-style membership shopping warehouse clubs operator PriceSmart Inc. (NASDAQ: PSMT) will release its Q3 results on Monday, July 11, 2022, after the market closes. Wall Street analysts expect the company to report earnings of $0.80 per share on revenue of $951.87 million for the quarter. Last year, the company reported Q3 net income of $22.5 million or $0.73 per share on revenue of $895.3 million.

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Prominent Earnings To Watch on July 12 (ANGO, PEP)

Medical technology company AngioDynamics Inc. (NASDAQ: ANGO) is set to publish its Q4 results before the market open on Tuesday, July 12, 2022. Analysts are looking for earnings of $0.01 per share and revenue of $83.25 million for the quarter. In the prior year period, the company incurred a net loss of $19.5 million or $0.51 per share, adjusted net loss of $0.1 million or breakeven per share, with net sales of $76.8 million.

While announcing Q3 results, AngioDynamics said it continues to project fiscal 2022 adjusted results in the range of a loss of $0.02 to a profit of $0.02 per share, with net sales in the range of $310 million - $315 million.

Beverages and convenient foods maker PepsiCo Inc. (NASDAQ: PEP) is slated to release its Q2 results on Tuesday, July 12, 2022, with analysts estimating earnings of $1.74 per share on revenue of $19.51 billion.

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Prominent Earnings To Watch on July 13 - (DAL, FAST)

Delta Air Lines (NYSE: DAL) is scheduled to publish its June quarter results on Wednesday, July 13, 2022, with analysts expecting earnings of $1.64 per share and revenue of $13.34 billion for the quarter. Last year, the airlines posted GAAP net income of $652 million or $1.02 per share, adjusted net loss of $678 million or $1.07 per share, with total operating revenue of $7.13 billion.

Industrial and construction supplies distributor Fastenal Co. (Nasdaq: FAST) is due to report its Q2 financial results on Wednesday, July 13, 2022, with Street analysts estimating earnings of $0.50 per share on revenue of $1.79 billion for the quarter. Last year, the company reported net income of $239.7 million or $0.42 per share on net sales of $1.51 billion.

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Prominent Earnings To Watch on July 14 - (CAG, JPM, CTAS, MS)

Consumer packaged goods food company Conagra Brands Inc. (NYSE: CAG) is due to report its Q4 results on Thursday, July 14, 2022, at about 7:30 am ET, with Wall Street analysts estimating earnings of $0.63 per share on revenue of $2.93 billion. Last year, the company reported Q4 net income of $309.5 million or $0.64 per share and net sales of $2.74 billion.

While reporting Q3 results in April, Conagra said it expects Q4 adjusted earnings to be about $0.64 per share, with organic net sales growth of about +7%. For fiscal 2022, the company now expects adjusted EPS to be about $2.35, versus prior guidance of about $2.50 per share. Organic net sales growth for 2022 is expected to be about +4% versus prior guidance of about +3%. Wall Street analysts expect earnings of $0.63 per share for the fourth quarter and $2.35 per share for fiscal 2022.

Financial services company JPMorgan Chase & Co. (NYSE: JPM) is slated to report its Q2 financial results on on Thursday, July 14, 2022 at about 7:00 a.m. (EDT). Analysts are looking for earnings of $2.94 per share on revenue of $31.97 billion for the quarter. Last year, the company reported Q2 net income of $11.9 million or $3.78 per share on net revenue of $30.5 billion.

Corporate identity uniforms provider Cintas Corp. (Nasdaq: CTAS) will release its Q4 results on Thursday, July 14, 2022, before the market opens, with Wall Street analysts expecting earnings of $2.67 per share on revenue of $2.01 billion for the quarter.

While reporting Q3 results, the company boosted its increasing our financial guidance. It expects Q4 revenue to be in the range of $1.96 billion - $2.02 billion and EPS to be in the range of $2.54 - $2.74. In the prior year period, the company posted Q4 net income of $267.7 million or $2.47 per share and total revenue of $1.84 billion.

Global financial services firm Morgan Stanley (NYSE: MS) will announce its Q2 results on Thursday, July 14, 2022, at about 7:30 a.m. (ET).

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Prominent Earnings To Watch on July 15 - (BLK, WFC, C, STT, UNH)

Financial services company Wells Fargo & Co. (NYSE: WFC) is slated to publish its Q2 results on Friday, July 15, 2022, at about 7:00 a.m. ET. Wall Street analysts expect the company to report earnings of $0.86 per share on revenue of $17.66 billion for the quarter. Last year, the company reported Q2 net income of $6.04 billion or $1.38 per share on total revenue of $20.3 billion.

Citigroup Inc. (NYSE: C) will issue its Q2 results at about 8 a.m. ET on Friday, July 15, 2022, with analysts estimating earnings of $1.67 per share on revenue of $18.14 billion for the quarter. Last year, the company reported Q2 net income of $6.2 billion or $2.85 per share on revenue of $17.5 billion.

Other prime players to tag along with these financial services giants in releasing earnings include BlackRock Inc. (NYSE: BLK), State Street Corp. (NYSE: STT) and UnitedHealth Group Inc. (NYSE: UNH).