Company: Medtronic PLC
Medtronic earnings report date: 21 August 2018
The medical device manufacturer reported a second quarter worldwide revenue of $8.144 billion at the end of May 2018, a 2.9% increase. The reported EPS for the same quarter last year was $1.12.
Israel granted $33 million to Medtronic PLC, as part of a new program aimed to boost the digital health division, as well as creating intellectual property in Israel and, establish a long-term presence of multinational firms.
Medtronic PLC has also been awarded a $472 million U.S. defense contract for its cardiovascular products, as per the information released by the Pentagon.
Company: Zayo Group Holdings, Inc.
Zayo earnings report date: 22 August
Colorado-based communication infrastructure provider has a consensus EPS forecast for the quarter of $0.09. The reported EPS for the same quarter last year was $0.13. The last quarter the company displayed a consolidated revenue of $649.4 million, with a net income of $23.4 million.
Zayo has recently completed the sale of the Scott-Rice Telephone Co., a Minnesota ILEC, for $42 million to Nuvera. The company had been managed separately since acquisition but was part of Zayo’s Allstream business segment. The close of this sale is an important step toward the separation of the Allstream assets. The company is likely to continue rising to new highs.
Company: Target Corporation (TGT)
Target earnings report date: 22 August
The second largest department store retailer in the U.S. has a consensus EPS quarterly forecast of $1.39. The reported EPS for the same quarter last year was $1.23. The projected revenues are approximately $17,313 million, up about 5.4% from $16,429 million in the same quarter last year.
Target has undertaken a rationalization of the supply chain with same day delivery of in-store purchases, along with tech and process improvements. The retail behemoth has rolled out the Target Restock program. This allows customers to restock their shipping box with essential items online and get them delivered by the next business day. All these efforts are likely to impact their quarterly results favourably.
Company: Lowe's Companies, Inc.
Lowe’s earnings report date: 22 August
The consensus EPS quarterly forecast for is $2.02 for the 72-year-old hardware and appliance chain. The reported EPS for the same quarter last year was $1.57.
The encouraging ROCE is good news for Lowe’s Companies’ investors. That is if the retailer is able to maintain its strong earnings and control their capital needs. In the past 3 years, the company has been able to improve ROCE by driving up earnings relative to the capital invested in the business.
Company: HP Inc.
Hewlett-Packard earnings report date: 23 August
The consensus EPS forecast for the quarter is $0.5. The reported EPS for the same quarter last year was $0.43.
HP has exceeded expectations in yet another quarter, as the company benefits from the recovery of the PC market. The computer hardware manufacturer has posted three straight quarters of double-digit revenue growth, with its PC and printer sales rising 14% and 11%, respectively, last quarter. This year analysts expect its revenue to rise by 11%, and its earnings to climb 21%.
Company: Intuit Inc.
Intuit earnings report date: 23 August
The consensus EPS forecast for the quarter is $-0.04 for the financial software company. The reported EPS for the same quarter last year was $0.1.
The software developer recently announced the opening of the 2018 Global Firm of the Future contest, inviting bookkeeping, full-service accounting and tax firms from Australia, Canada, the United Kingdom, the United States and India. The recent changes in the Tucson campus, where the firm has 1000 employees, have impacted about 40 people. This was a result of an adjusted decision to reallocate resources to invest in growth.
Company: Alibaba Group Holding Limited
Alibaba earnings report date: 23 August
The consensus EPS forecast for the quarter is $0.82 for China’s Amazon counterpart. The reported EPS for the same quarter last year was $0.94.
Alibaba partnered with Kroger Co for its China grocery sales venture to sell nuts, supplements and other products. This came as a response to meet Chinese consumers’ growing demand for high-quality, organic food products. The giant digital retailer also plans to merge its food delivery businesses and raise funds for the combined unit, which includes the food delivery platform Ele.me.
Company: Hormel Foods Corporation
Hormel Foods earnings report date: 23 August
The Austin, Texas based food products company has a consensus EPS forecast for the quarter of $0.38. The reported EPS for the same quarter last year was $0.34.
In recent trading, shares of Hormel Foods Corp. (HRL) have crossed above the average analyst 12-month target price of $37.43, changing hands at $37.58/share.
Hormel Foods' acquisition efforts have added much strength to its brand portfolio, as well as enhancing revenue generation capabilities.