What's Ahead in the Week: Will DSW Impress Investors With Results?
In 'What's Ahead on Wall Street' for the week of May 23, we still have a couple more companies reporting even though we're approaching the end of earnings season. Towards the beginning of the week, we get results from Best Buy (BBY) - Get Report , DSW (DSW) - Get Report and AutoZone (AZO) - Get Report . Then midweek, we hear from Tiffany (TIF) - Get Report , Costco (COST) - Get Report and Express (EXPR) - Get Report followed by Abercrombie & Fitch (ANF) - Get Report , Dollar General (DG) - Get Report and Ulta Salon (ULTA) - Get Report on Thursday. Out of these companies, investors will be looking at DSW's results. Wall Street is looking for earnings of $0.46 a share on revenue of nearly $700 million for the recent quarter. Year-over-year, the top line is expected to go up while the bottom line will likely fall. In focus will be the company's traffic trends. On top of that, analysts believe there could be an excess in sandal inventory, given fluctuating weather patterns in March and April. On the economic calendar, we start the week with the PMI manufacturing index flash. Then on Thursday, we have jobless claims, pending home sales index and the consumer sentiment. TheStreet's U-Jin Lee reports in New York.
