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.