Advertisement
U.S. markets open in 1 hour 22 minutes
  • S&P Futures

    5,305.00
    -3.25 (-0.06%)
     
  • Dow Futures

    40,142.00
    -2.00 (-0.00%)
     
  • Nasdaq Futures

    18,486.75
    -17.00 (-0.09%)
     
  • Russell 2000 Futures

    2,141.40
    +3.00 (+0.14%)
     
  • Crude Oil

    82.40
    +1.05 (+1.29%)
     
  • Gold

    2,231.40
    +18.70 (+0.85%)
     
  • Silver

    24.67
    -0.08 (-0.33%)
     
  • EUR/USD

    1.0791
    -0.0039 (-0.36%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    13.02
    +0.24 (+1.88%)
     
  • GBP/USD

    1.2618
    -0.0020 (-0.16%)
     
  • USD/JPY

    151.3270
    +0.0810 (+0.05%)
     
  • Bitcoin USD

    70,576.44
    +298.53 (+0.42%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Upcoming Earnings Reports to Watch: UNFI, RH, FIVE

Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The week after a long weekend always seems to fly by, and this short week was particularly hectic with North Korean updates, more political uncertainty in Europe, and new trade war tensions between the U.S. and some of its allies. Therefore, many investors might have missed some of this week’s biggest earnings reports, which means they will want to pay closer attention next week.

With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy Zacks tool is a great one-stop-shop that investors can utilize to help properly prepare for the market events set to impact their portfolios.

The week of June 4 features some big names in the tech space, which includes Palo Alto Networks PANW and Broadcom AVGO. There are also a number of other companies prepared to report their quarterly financial results (also read: Upcoming Earnings Reports to Watch: PANW, AMBA, AVGO).

Today, we are going to look at three of these stocks to give investors an idea of what they should expect next week to help them see if they might want to buy any of these stocks ahead of earnings.

1.      United Natural Foods UNFI

Shares of this North American wholesale distributor of natural and organic foods are up 10.5% over the last year and over 4% in the last 12 weeks. Our current Zacks Consensus Estimates are calling for United Natural Foods’ quarterly revenues to climb by 8.9% to hit $2.58 billion. Moving on to the opposite end of the income statement, the company is expected to see its adjusted quarterly earnings surge nearly 21% to $0.93 per share.

Coming into Friday, UNFI stock was trading at 13.2X forward 12-month Zacks Consensus EPS estimates, which marks a discount compared to the S&P 500’s 16.7X. The company is also currently a Zacks Rank #3 (Hold) and sports “A” grades for Value, Growth, and Moment in our Style Scores system. United Natural Foods is set to report its third-quarter fiscal 2018 financial results after market close on Wednesday, Jun 6.

2.       Restoration Hardware RH

Restoration Hardware has seen its stock price soar 70.7% over the last year and 22.6% during the last 12 weeks. RH stock is also currently trading at 16.1X, marking the slightest of discounts compared to the S&P 500. With that said, investors should note that RH has traded as high as 37.6X forward earnings over the last year, with a one-year median of 19.2X—meaning the stock presents strong comparative value to where it has traded throughout most of the year.

The furniture and home décor retailer is projected to see its quarterly revenues hit $564.06 million, which would mark just a 0.35% climb. Investors will be much more pleased to note that Restoration Hardware’s adjusted quarterly earnings are expected to skyrocket from $0.05 per share in the year-ago period to $1.01 per share. Restoration Hardware, which is currently a Zacks Rank #3 (Hold), is expected to report its first-quarter earnings results on Thursday, May 7.

3.       Five Below, Inc. FIVE

Shares of this discount retailer have climbed 36% this year, but the company has seen its stock price dip 1.8% over the last four weeks in a sign that investors might be expecting a slow quarter. However, our estimates are calling for Five Below to report Q1 revenues of $292.29 million. This would represent 25.5% top-line growth. Meanwhile, the company’s adjusted earnings are projected to soar 113% to touch $0.32 per share.

With that said, Five Below is currently a Zacks Rank #4 (Sell), based partly on the fact that it has seen its earnings estimates come in slightly lower ahead of its Wednesday, June 6 earnings release. This means investors might want to stay away from Five Below stock because even the slightest earnings miss can sometimes lead to falling stock prices, especially in the near-term.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
 
Broadcom Limited (AVGO) : Free Stock Analysis Report
 
United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report
 
Restoration Hardware Holdings Inc. (RH) : Free Stock Analysis Report
 
Five Below, Inc. (FIVE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement