NEW YORK (TheStreet) -- Retailers will be in focus Wednesday as the health check on the consumer continues this week, as a handful of second-tier retailers highlight the earnings schedule.
Already this week, investors have had to sift through earnings results from several top-tier retailers, including Target (TGT Quote), Home Depot (HD Quote) and Lowe's (LOW Quote). Several specialty retailers will be on parade Wednesday. Limited (LTD Quote), PetSmart (PETM Quote) and Hot Topic (HOTT Quote) will post results after the closing bell, and BJ's Wholesale (BJ Quote) is set to report quarterly results before the start of trading. Limited will be closely watched, as analysts expect the apparel retail will post earnings of 16 cents a share on sales of $2.06 billion. In May, Limited offered guidance for the second quarter, saying it expects earnings in a range of 11 cents to 16 cents a share. Of course, it won't be strictly about retailers tomorrow, as earnings reports will also come from Deere (DE Quote), Harman International (HAR Quote) and JDS Uniphase (JDSU Quote), among others. Deere shares jumped more than 5% a day before its earnings release. Analysts, on average, expect the company to post earnings of 57 cents a share on revenue of $5.25 billion. When it last reported earnings in May, Deere said market conditions remain "highly uncertain" for the remainder of the year, making it difficult to assess the company's sales and earnings. Traders will also still be digesting earnings from Dow Jones Industrial Average component Hewlett-Packard (HPQ Quote), which is set to report quarterly results after Tuesday's closing bell.- Loading Comments...
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