Home 2020 2020: The 1st Major Earnings Calls

2020: The 1st Major Earnings Calls

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$LEVI, $STZ, $LEN, $WBA, $BBBY, $KB

Q-1 Y 2020 has begun, and earnings season begins in mid-to-late January, but there are few majors reporting off-season results.

Here is a preview of the most prominent earnings reports expected in this the 1st full trading week of the New Year, as follows;

Levi Strauss & Co.’s (NYSE: LEVI) FQ-4 report is due late Tuesday. The consensus estimates call for 0.21 EPS and $1.58-B in revenue. Shares traded at 19.19 Friday at the close. The consensus price target is 23.14, and the 52-wk trading range is 16.00 to 24.50.

Constellation Brands Inc. (NYSE:STZ) earnings are expected 1st thing Wednesday. The consensus estimates see earnings of 1.85 EPS on revenue of $1.95-B. Shares closed at 189.53 Friday, the consensus price target is 225.26. The 52-wk range trading range is 150.37 – 214.48.

Lennar Corp. (NYSE:LEN) posts recent Quarterly results before Wednesday’s open. The consensus forecast calls for 1.90 in EPS and $6.58-B in revenue for ist FQ-4. Shares closed at 56.47 on Friday. The consensus price target is 65.93, and shares have traded between 39.96 – 62.63 in the past 52 wks.

Walgreens Boots Alliance Inc. (NASDAQ:WBA) is scheduled to report its FQ-4 results early Wednesday. The consensus estimates call for 1.41/EPS and revenue of 34.59-B. Shares were at 59.08 Friday. The analysts’ mean price target of 57.11 is within the 52-wk trading range of 49.03 – 74.94.

Bed Bath & Beyond Inc.’s (NASDAQ:BBBY) FQ-3 report is due late Wednesday. The consensus estimates call for 0.02 EPS and $2.85-B in revenue. Shares ended the week at 16.08. The consensus price target is 14.46, and the 52-wk trading range is 7.31 – 19.57.

KB Home (NYSE:KBH) to release its most recent Quarterly results Thursday morning. The consensus forecast calls for 1.28/EPS and $1.61-B in revenue for the FQ-4. Shares closed at 34.91 Friday. The consensus price target is at 37.60. The share price has ranged from 19.26 – 37.40 in the past 52 wks.

Have a terrific week

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.