Monday
Urban Outfitters
Fashion retailer Urban Outfitters (URBN) is set report after the close on Monday. So far this quarter we’ve seen a strong performance from consumer discretionary earnings. Profits within the sector are up 14.4% year over year, however, the charge has been lead by internet retailers, not clothing sellers.
Contributing analysts on Estimize are expecting Urban Outfitters to report profits of 46 cents per share, down 1 cent from the same quarter of last year but still 4 cents better than Wall Street is looking for.
Even though profits are predicted to drop marginally, the Estimize community is looking for 6.8% revenue growth which is in-line with the past 3 quarters. In August Urban cited strength in its Anthropologie and Free People brands but cautioned on weakness in its flagship Urban Outfitters brand. Gross profits were down in its primary brand due to store occupancy costs and negative same store sales. Urban Outfitters also mentioned that poorly performing product contributed to falling margins, these are concerns to keep an eye on Monday.
Tuesday
Home Depot
Tuesday morning Home Depot (HD) earnings take center stage. Home Depot is expected to report earnings of $1.15 per share, topping the Street’s view by 2 cents. The home improvement retailer has seen some really solid growth on the bottom line over the past 2 years and is expected to continue growing its profits Tuesday as housing numbers have picked up in recent months.
Contributing analysts on Estimize are looking for 21% earnings growth which is a tick down from the 23% gain reported last quarter. However, a 21% boost to the bottom line would still be the second best quarter recorded over the past 12 months.
Recent gains on the revenue side have been more modest. In the first two quarters of the year Home Depot reported sales growth of 3% and 6%. This period the Estimize community is looking for a 5% gain.
Wednesday
