Here are four stocks the Yahoo Finance team will be watching today.
First, Darden Restaurants (DRI).
The company reported profits of $0.15 per share which missed on
estimates of $0.20 and is way down from last year's $0.26. Revenue also
came in at $2.05 billion missing estimates of $2.07 billion, but up from
last year's $1.96 billion. Now, Darden had been on the rise this week
after hedge fund investor Barington Capital proposed the company split
in two. Barington believes a split would help the company deliver
stronger returns after underperforming recently. One side of the split
will include more established brands, Red Lobster and Olive Garden,
while the other side will include smaller chains like LongHorn
SteakHouse. It's been an up and down year for Darden, but overall it is
up over 16%.
Next, KB Home (KBH), which reports this morning and will try and keep up the good mojo for the housing industry that we've seen the past couple weeks. First we saw rivals Toll Brothers and Lennar both beat analyst expectations on earnings. And then we saw housing starts report a 6-year high yesterday. KB Home reported profits of $0.31 per share missing on estimates of $0.45, but is way up from last year's $0.10 a share. The homebuilder also saw revenue rise 7% to $578.2 million, missing estimates of $662.46 million. For the year KB Home is up close to 8%.
Now, Carnival (CCL), which is expected to report earnings this morning. Analysts are expecting the cruise line to break-even on earnings, after last year's posting of $0.13 a share. Revenue is expected to come in at $3.58 billion which would be the exact same posting as last year. Carnival has had a roller-coaster ride of a year with consumer spending falling, cruise liner problems and a PR nightmare since its Costa Concordia disaster last year. Shares of Carnival are down just over a percent for the year.
Finally, Nike (NKE), which is expected to report earnings later today. The athletic-wear giant will try to justify its place on the Dow, which it joined earlier this year. It also will try to show that it is still king of the industry staving off competition from the likes of Adidas and Under Armour. Nike is expected to post profits of $0.58 per share which would beat last year's posting by $0.01. It is also expected to see revenues rise 8.2% to $6.44 billion. For the year Nike is up more than 51%, hitting its 52-week high just last week.
- Consumer Discretionary
- Darden Restaurants