Retailers continue to headline the earnings schedule. There are the haves and have-nots in this space. The digital online market has flourished allowing Target to experience robust earnings, but the retailers that need foot traffic are suffering.
Dollar Tree (DLTR) is scheduled to release financial results on Thursday, May 21. The retail giant is expected to report earnings of $0.91 per share on 6.11 billion in revenue. This compares to $1.75 per share in the quarter prior. Earnings forecasts have declined 4% over the last 30-days, down from $0.95 per share. Growth estimates are expected to contract by 20.2%.
After dropping 35% during a March swoon, the stock has rebounded 30%. On a positive earnings result, if prices close at a fresh $85, the trend is likely to persist, with a likely 15% rally.
Abercrombie and Fitch Co
Abercrombie and Fitch Co. (ANF) the retail company is facing heavy losses and have lost more than 40% of its value since January. The company is scheduled to release financial results on Thursday, May 21. The company is expected to lose -1.26 per share on $536 million in revenue. This compares to $1.23 in earnings in the quarter prior. Analyst forecasts of earnings have declined 37% during the past 30-days. Growth estimates are for a decline of 344%.
The stock price broke down in March and has rebounded but apparel is likely to suffer until a vaccine is available.
This article was originally posted on FX Empire
More From FXEMPIRE:
- US Stock Market Overview – Stock Rally Led by Energy; Oil Inventories Decline
- USD/CAD Daily Forecast – Support At 1.3850 Stays Strong
- Gold Price Prediction – Prices Edge Higher as Momentum Turns Positive
- S&P Back to The Future
- Gold Price Forecast – Gold Markets Show in Decision
- Natural Gas Price Forecast – Gatural Gas Markets Explode to The Upside