NEW YORK ( TheStreet) -- The bulk of next week's earnings will focus on a few companies trading over two million shares a day. Technology, services and capital goods are in the lineup.
Reporting Before the Open
Industry Comparisons:Whole Foods(WFM)
Supervalu(SVU) Unlike Supervalu, Kroger doesn't have a large short interest to slingshot the stock price higher if it beats expectations. However, the price has fallen far enough to become priced with a single-digit earnings multiple. A beat with good guidance can move the stock back into a double digit price-to-earnings multiple. Pier 1 Imports(PIR - Get Report) About the company: Pier 1 Imports consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier and trades an average of 2.1 million shares per day with a market cap of $1.7 billion. Pier 1 is anticipated to report strong first-quarter earnings on June 14. The consensus estimate is currently 16 cents a share, an improvement of 4 cents (25%) from 12 cents during the same period last year. The trailing 12-month price-to-earnings ratio is 16.2 and the mean fiscal-year estimate price-to-earnings ratio is 13.95, based on estimated earnings of $1.14 a share this year. Dividend yield is 1%. Management has provided an improvement of year-over-year revenue. Revenue reported was $1.40 billion last fiscal year compared to $1.29 billion in the previous year. The bottom line has rising earnings year-over-year of $100.12 million last fiscal year compared to $86.84 million in the previous year.