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Top 5 Earnings For the Week Ahead

24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Lennar Corp. (NYSE: LEN) will share its most recent quarterly results on Monday. The consensus estimates were not available at the time this article was written. This company is known as one of the largest homebuilders in the U.S. It also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Shares were at $52.01 near the close on Friday, in a 52-week trading range of $37.50 to $56.04. The stock has a consensus analyst price target of $54.00.

Carnival Corp. (NYSE: CCL) is scheduled to reveal its fiscal third-quarter results on Tuesday. The consensus estimates call for $1.63 in earnings per share (EPS), as well as $4.82 billion in revenue. The company has announced what many tourists have hoped would come about for years. It will now be able to take you and thousands of other tourists to Cuba. Or will it? Carnival’s announcement said that it has been granted U.S. licenses to operate direct cruises from the United States to Cuba. This is one of those announcements that sounds significant on the surface, but one in which is there is far more (or far less) than meets the eye. Shares were trading at $52.49 near Friday’s close. The consensus price target is $54.72. The stock has a 52-week trading range of $33.11 to $54.05.

Bed Bath & Beyond In. (NASDAQ: BBBY) is set to report its fiscal second-quarter results on Thursday. The analysts’ consensus estimates call for EPS of $1.21 and $3.03 billion in revenue. The company is a top retailing company and is the fourth-ranked stock on the Merrill Lynch list of buyback leaders. The company’s outstanding shares dropped 4.3% year over year. The company operates stores under the names of Bed Bath & Beyond, Christmas Tree Shops, andThat!, Harmon, buybuy BABY, World Market and Cost Plus. Shares were changing hands at $60.28 near Friday’s close. The consensus price target is $74.06, and the stock has a 52-week trading range of $58.81 to $79.64.

Nike, Inc. (NYSE: NKE) is scheduled to report its fiscal first-quarter results on Thursday. The consensus analyst estimates call for $1.19 in EPS and revenue of $8.21 billion. This top consumer discretionary stock had an outstanding summer. Nike is a worldwide athletic giant and posted very strong fiscal fourth-quarter earnings in June. The company also has outstanding potential upside from a turnaround in its China business, improvements in gross margins and continued innovation-driven market share gains in both basketball and running footwear. With one of the most recognizable brands in the world, long-term investors may do very well adding shares here, despite the big move up in the stock this year. Shares of Nike were at $114.58 late on Friday. The consensus price target is $121.40. The 52-week trading range is $79.27 to $117.72.

BlackBerry Limited (NASDAQ: BBRY) is set to share its latest quarterly earnings on Friday. The consensus estimates call for a net loss of $0.09 per share and $610.99 million in revenue. The company provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which include the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. Shares were at $7.53 near Friday’s close, in a 52-week trading range of $6.41 to $12.63. The stock has a consensus analyst price target of $8.74.


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