Disney, Applied Materials, Rockwell Earnings on Tap
Third-quarter earnings season slows down next week with relatively few S&P 500 companies reporting. Among the most notable on tap are Disney, Advance Auto Parts and Applied Materials.
Here's a preview of analyst earnings expectations for those companies and more.
Rockwell Automation
Rockwell Automation (ROK) - Get Rockwell Automation, Inc. Report is expected to report adjusted net income of $204.4 million, or $1.76 a share, on sales of $1.6 billion before the market opens on Tuesday, based on a FactSet survey of 22 analysts.
In the same period a year ago, the company posted earnings of $2.01 a share on sales of $1.7 billion. It reported net income of $261.1 million.
The stock has risen 12.6% since the company last reported earnings on July 28.
In the upcoming quarter, analysts are forecasting adjusted net income of $220 million, or $1.84 a share, on sales of $1.6 billion.
For the year, analysts project revenue of $6.3 billion.
Advance Auto Parts
Advance Auto Parts (AAP) - Get Advance Auto Parts, Inc. Report is expected to report net income of $186.6 million, or $2.70 a share, on sales of $2.5 billion before the market opens on Tuesday, based on a FactSet survey of 20 analysts.
In the same period a year ago, the company posted earnings of $2.10 a share on sales of $2.3 billion. It reported net income of $124.8 million.
The stock has fallen 3.9% since the company last reported earnings on Aug. 18.
In the upcoming quarter analysts are forecasting net income of $137.5 million, or $2.00 a share, on sales of $2.3 billion.
For the year, analysts project revenue of $10 billion.
Cisco Systems
Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report is expected to report net income of $3 billion, or 70 cents a share, on sales of $11.8 billion after the market closes on Thursday, based on a FactSet survey of 25 analysts.
In the same period a year ago, the company posted earnings of 84 cents a share on sales of $13.2 billion. It reported net income of $2.2 billion.
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The company offered guidance of $0.69 to $0.71 a share on Aug. 13. Shares have fallen 12.9% since then.
In the upcoming quarter, analysts are forecasting net income of $3.1 billion, or 73 cents a share, on sales of $11.6 billion.
For the year, analysts project revenue of $48.2 billion.
Walt Disney Company
Walt Disney Co. (DIS) - Get Walt Disney Company Report is expected to report a loss of $1.29 billion, or 73 cents a share, on sales of $14.1 billion after the market closes on Thursday, based on a FactSet survey of 23 analysts.
In the same period a year ago, the company posted earnings of $1.07 a share on sales of $19.1 billion. It reported net income of $1.4 billion.
The stock has risen 8.2% since the company last reported earnings on Aug. 4.
Quarterly estimates have fallen 73.4 cents a share in the past month.
In the upcoming quarter, analysts are forecasting adjusted net income of $57.4 million, or 3 cents a share, on sales of $15.9 billion.
For the year, analysts project revenue of $64.8 billion.
Disney is a part of the Action Alerts Plus portfolio, Jim Cramer's Investment Club.
Applied Materials
Applied Materials (AMAT) - Get Applied Materials, Inc. Report is expected to report net income of $1.1 billion, or $1.17 a share, on sales of $4.6 billion after the market closes on Thursday, based on a FactSet survey of 23 analysts.
In the same period a year ago, the company posted earnings of 80 cents a share on sales of $3.8 billion. It reported net income of $571 million.
The company offered guidance of $1.11 to 1.23 a share on Aug. 14. Shares have risen 3.4% since then.
In the upcoming quarter, analysts are forecasting net income of $1 billion, or $1.11 a share, on sales of $4.5 billion.
For the year, analysts project revenue of $17.1 billion.
