Earnings To Watch May 20-May 24: Best Buy, HP, Target, Home Depot, Marvell, JA Solar

1 MIN:21SEC
Category: Companies / May 17, 2013 8:43PM EDT

JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) is expected to report earnings on Monday. The report will be for the fiscal Quarter ending Mar 2013. According to Zacks Investment Research, the consensus EPS forecast for the quarter is $-1.01. The reported EPS for the same quarter last year was $-1. JA Solar Holdings widened its fourth-quarter loss in March as the company saw its revenue continue to fall.

 

Best Buy Co., Inc. (NYSE: BBY) is expected to report earnings on Tuesday for the fiscal quarter ending Apr 2013. According to Zacks Investment Research, the consensus EPS forecast for the quarter is $0.25. The reported EPS for the same quarter last year was $0.72. Best Buy reported quarterly earnings and revenue in March that exceeded expectations as revenue ticked slightly higher to $16.71 billion from $16.67 billion a year ago quarter.

 

Home Depot, Inc. (NYSE: HD) is expected to report earnings on Tuesday. The report will be for the fiscal quarter ending Apr 2013. According to Zacks Investment Research, the consensus EPS forecast for the quarter is $0.78. The reported EPS for the same quarter last year was $0.65. Analysts polled by Thomson Reuters expect Home Depot to post a 5 percent rise in revenue.

 

Target (NYSE: TGT) said in a release April 16 it expects first-quarter EPS to come in slightly below the low end of its previous guidance of $1.10 to $1.20 when it reports earnings on May 22.

 

Hewlett-Packard Company (NYSE: HPQ) is expected to report earnings on Wednesday  for the fiscal quarter ending April 2013. According to Zacks Investment Research, the consensus EPS forecast for the quarter is $0.82. The reported EPS for the same quarter last year was $0.98.

 

For the first quarter, HP reported net revenue of $28.4 billion, down 6 percent year over year. For the second quarter of fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.80 to $0.82 and GAAP diluted EPS to be in the range of $0.38 to $0.40.

 

Marvell Technology Group Ltd. (NASDAQ: MRVL) is expected to report earnings on Thursday for the fiscal quarter ending April 2013. According to Zacks Investment Research,  the consensus EPS forecast for the quarter is $0.07. The reported EPS for the same quarter last year was $0.19.

 

Marvell’s Q4 FY 2013 revenue came in at $775 Million, and for FY 2013 at $3.17 Billion. The company forecasts that revenue for the first quarter of fiscal 2014 is expected to be in the range of $700 to $740 Million.