Given that it's the end of the quarter, as well as the U.S. Independence Day holiday on Friday, next week looks to be pretty quiet as far as earnings go. But there are a few things of note.
Tax preparation company H&R Block (NYSE: HRB) is scheduled to report its fiscal fourth-quarter results Monday after market close. Analysts surveyed by Thomson Financial on average expect the company to report net income of $2.03 per share on revenue of $2.5 billion. That's an increase of more than 10% over EPS a year ago. H&R Block has tended to fall short of estimates recently, and rival Jackson Hewitt (NYSE: JTX) missed its EPS estimates earlier this month. Still, analysts recommend buying HRB. Shares have risen 12.1% year to date, and the long-term EPS growth forecast is 11.7%.
Alcoholic beverage maker and distributor Constellation Brands (NYSE: STZ) is scheduled to report its fiscal first-quarter results Tuesday morning. Analysts are looking for earnings of 31 cents per share, up 32.3% from the same period of the previous year, on revenue of $906.1 million. Constellation has tended toward positive surprises recently, by 8 cents, or 33.8%, in the previous quarter. However, analysts recommend holding STZ and have for more than 90 days., even though the long-term EPS growth forecast is 12.3%. Although shares have risen 9.0% in the past three months, they are down 16.8% year to date.
Phoenix-based education company Apollo Group (NASDAQ: APOL) is scheduled to report its fiscal third-quarter results late Tuesday. Analysts on average are expecting the company to report net income of 78 cents per share -- the same as in the year ago period -- on revenue of $806.9 million. When it comes to meeting expectations, lately Apollo has a mixed record -- it fell short by 11 cents, or more than 20%, in the previous quarter. Analysts recommend buying APOL and have for more than 90 days. The long-term EPS growth forecast is 14.0%. Though shares have risen 4.2% in the past three months, they are down 31.6% year to date.
Wednesday morning should bring the third-quarter earnings release from the second-largest dollar store chain in the U.S., Family Dollar Stores (NYSE: FDO). Rivals Dollar Tree (NYSE: DLTR) and Big Lots (NYSE: BIG) recently beat EPS expectations. From Family Dollar, analysts on average are looking for earnings of 40 cents per share -- the same as in the year ago period -- on revenue of $1.7 billion. Family Dollar results have generally been in line with Wall Street estimates, though it did beat by 3 cents in the previous quarter. Analysts recommend holding FDO and have for more than 90 days. Shares have fallen 44.4% in the past year, but the long-term EPS growth forecast is 12.7%.
Other economic data coming out next week to keep an eye on:
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ISM manufacturing (June 2008), Tuesday, 10 a.m. ET
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Construction spending (May 2008), Tuesday, 10 a.m. ET
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Ford Motor Co. (NYSE: F) sales (June 2008), Tuesday, 1 p.m. ET
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New motor vehicle sales (June 2008), Tuesday, 4 p.m. ET
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Factory orders (May 2008), Wednesday 10 a.m. ET
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Employment situation (June 2008), Thursday 8:30 a.m. ET
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ISM non-manufacturing (June 2008), Thursday, 10 a.m. ET