Earnings Week Ahead: IHS Markit, Micron, CarMax and Bed Bath & Beyond in Focus

• Monday (September 27)

• Tuesday (September 28)

• Wednesday (September 29)

• Thursday (September 30)

• Friday (October 1)

Earnings Calendar For The Week Of September 27

Monday (September 27)

Tuesday (September 28)

IN THE SPOTLIGHT: IHS MARKIT, MICRON TECHNOLOGY

IHS MARKIT: The leading provider of data and analytics to corporate is expected to report its fiscal third-quarter earnings of $0.83 per share, which represents a year-over-year decline of about 8% from $0.77 per share seen in the same period a year ago.

The company is expected to post revenue growth of over 9% to $1.17 billion. According to ZACKS Research, in all of the company’s last four quarters, earnings surpassed the consensus estimate. Earnings surprise has averaged 5.4% over its trailing four quarters.

“IHS Markit is a leading supplier of information services across multiple verticals with an attractive business model. We believe the synergy potential with SPGI will lead to cost savings and access to underpenetrated revenue markets,” noted Toni Kaplan, equity analyst at Morgan Stanley.

“Recovery in auto sales from COVID-19 is occurring faster than previously anticipated. We expect the energy market to become more accommodative in ’21 and ’22 following the crude oil price rebound.”

MICRON TECHNOLOGY: The world’s leading semiconductor manufacturer is expected to report its fiscal fourth-quarter earnings of $2.33 per share, representing year-over-year growth of more than 115% from $1.08 per share seen in the same quarter a year ago.

The semiconductor company is expected to post revenue growth of over 30% to around $8.2 billion from a year earlier.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE SEPTEMBER 28

Wednesday (September 29)

Story continues

Thursday (September 30)

IN THE SPOTLIGHT: CARMAX, BED BATH & BEYOND

CARMAX: The United States’ largest used-car retailer is expected to report its fiscal second-quarter earnings of $1.85 per share, which represents year-over-year growth of over 3% from $1.79 per share seen in the same period a year ago.

The Goochland County-based used car giant would post year-over-year revenue growth of over 28% to $7.0 billion.

BED BATH & BEYOND: The U.S.-based merchandise retailer is expected to report its fiscal second-quarter earnings of $0.52 per share, which represents year-over-year growth of around 4% from $0.50 per share seen in the same period a year ago.

The company that operates many stores in the United States, Canada, Mexico, and Australia would see a revenue decline of about 23% to around $2.5 billion.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE SEPTEMBER 30

Friday (October 1)

No major earnings are scheduled for release.

This article was originally posted on FX Empire

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