Costco and Finisar Shares Rise Ahead of Earnings Releases

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Costco Wholesale Corp (NASDAQ:COST) will unveil its latest earnings on Wednesday, February 29, 2012. The average analyst estimate is for net income of 88 cents per share, a rise of 11.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 90 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 88 cents during the last month. Analysts are projecting profit to rise by 16.4% versus last year to $3.84.

The company fell in line with estimates last quarter after missing in the prior quarter. After falling short of the mean estimate by one cent in the fourth quarter of the last fiscal year, the company fell in line with expectations by reporting profit of 80 cents last quarter. On average, analysts predict $22.77 billion in revenue this quarter, a rise of 9.1% from the year-ago quarter. Analysts are forecasting total revenue of $97.57 billion for the year, a rise of 9.7% from last year’s revenue of $88.92 billion.

Competitors to Watch: Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Dollar General Corp. (NYSE:DG), BJ’s Wholesale Club, Inc. (NYSE:BJ), Family Dollar Stores, Inc. (NYSE:FDO), Gordmans Stores, Inc. (NASDAQ:GMAN), Dollar Tree, Inc. (NASDAQ:DLTR), Amazon.com, Inc. (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Best Buy (NYSE:BBY), Bed, Bath & Beyond (NASDAQ:BBBY), Apple Inc (NASDAQ:AAPL) and Fred’s, Inc. (NASDAQ:FRED).

Finisar Corp (NASDAQ:FNSR) will unveil its latest earnings on Wednesday, February 29, 2012. The average estimate of analysts is for net income of 17 cents per share, a decline of 57.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 17 cents during the last month. Analysts are projecting profit to rise by 1.5% compared to last year’s 67 cents.

The company is looking to come atop of analysts’ forecasts after falling short last quarter. It missed last quarter’s consensus estimate as it reported profit of 17 cents per share against a consensus estimate of net income of 18 cents per share. Analysts predict a decline of 7.2% in revenue from the year-earlier quarter to $244.2 million.

Competitors to Watch: JDS Uniphase Corporation (NASDAQ:JDSU), Oclaro, Inc. (NASDAQ:OCLR), Oplink Communications, Inc (NASDAQ:OPLK), EMCORE Corporation (NASDAQ:EMKR), Opnext, Inc. (NASDAQ:OPXT), Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), Cisco Systems, Inc. (NASDAQ:CSCO), and Arris Group, Inc. (NASDAQ:ARRS).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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