The week in preview: Profit expectations for Costco, Kroger, Movado and others

Filed under: Earnings reports, Forecasts, Kroger Co (KR), Costco Wholesale (COST)

The earnings season, like the calendar year, is winding down. The sprinkling of quarterly results scheduled for this coming week include S&P 500 components AutoZone (AZO), Ciena (CIEN), H&R Block (HRB) and National Semiconductor (NSM), as well as Dollar General (DG), Imperial Sugar (IPSU), Krispy Kreme Doughnuts (KKD), Men's Wearhouse (MW), Talbots (TLB) and others.

Analysts surveyed by Thomson Reuters expect to see strong year-over-year and sequential EPS growth from luxury watchmaker Movado Group Inc. (MOV). During its third quarter of fiscal 2010, this Paramus, N.J.-based company was recognized for its innovative use of technology and it reported a big profit decline for the second quarter. The consensus forecast is for a third-quarter profit of $0.65 per share, up 18.5% from the same period a year ago. Sales for the three months that ended in October are expected to be 3.9% higher to $141.2 million. But the full-year forecast is for earnings of $0.55 per share (the same as a year ago) on $402.7 million (-12.6%) in sales. Movado's earnings results were better than expected in the previous two quarters.

Continue reading The week in preview: Profit expectations for Costco, Kroger, Movado and others

The week in preview: Profit expectations for Costco, Kroger, Movado and others originally appeared on BloggingStocks on Sun, 06 Dec 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments