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Hewlett Packard Enterprise And Kroger Highlight Quiet Earnings Week

HPE, Kroger Company The NYSE:KR - Hewlett Packard Enterprise And Kroger Highlight Quiet Earnings Week
  • Upcoming earnings highlights include the latest results from one of the old Hewlett Packard's spin-offs.
  • A leading grocery store operator is also on deck to report quarterly results.
  • Consensus forecasts call for both to have earnings per share of $0.45.

The second-quarter reporting season is all but over, so that and the holiday-shortened trading week will leave things fairly quiet on the earnings front. Perhaps the two most prominent and anticipated quarterly reports scheduled for this week are those from Hewlett Packard Enterprise Co HPE 0.23% and Kroger Co KR 1.69%, and by coincidence, Wall Street analysts see them posting the same per-share earnings results.

Hewlett-Packard Enterprise

Wall Street's consensus forecast calls for Hewlett Packard Enterprise, the business-focused part of the old HP, to post $0.45 in earnings per share for its third report since the split. The consensus of 14 Estimize respondents calls for a penny less per share for the fiscal third quarter, which matches the midpoint of company guidance. Both Wall Street and Estimize underestimated EPS in the prior quarter.

Estimize also underestimated revenue in the previous quarter, and this time respondents are looking for $12.43 billion, which would be the lowest quarterly total since the spin-off. The Wall Street estimate is more optimistic at $12.64 billion, and so far the analysts see a sequential gain in the current period.

See also: The Herbalife Saga Continues With Another Negative Report Released Saturday Morning

Kroger

When Kroger shares its fiscal second-quarter results, the Wall Street forecast is that its earnings will have ticked up by a penny from a year ago to $0.45 per share, on $26.80 billion in revenue, which would be an almost 5 percent increase. Note that analysts have underestimated earnings in the past four quarters, though the positive surprise was only a penny, less than 2 percent, back in the first quarter.

The forecast from 29 Estimize respondents sees EPS from the largest supermarket chain by revenue coming in at $0.46. They are a tiny bit more optimistic on revenue too, with a consensus forecast of $26.85 billion for the three months that ended in July. Note that Estimize narrowly overestimated EPS in the previous period.

Hewlett Packard Enterprise is scheduled to report its results after the closing bell on Wednesday, while Kroger is expected to post its numbers first thing on Friday.

Best Of The Rest

In addition, the consensus forecasts call for per-share earnings at HD Supply, Hovnanian Enterprises and Navistar to be at least a little higher than a year ago when the report this week. EPS from Marvell Technology, Restoration Hardware and Tailored Brands are expected to be smaller year-over-year. And a net loss is in the cards for Barnes & Noble, if the analysts are correct.

The following week will be even more quiet as far as quarterly reports go. But look for the latest numbers from

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