What's Ahead in the Week: Investors Eye Square's Very First Earnings
In 'What's Ahead on Wall Street' for the week of Mar. 7, there are several companies reporting earnings, including burger chains and retailers. We kick off the week with Shake Shack (SHAK) and Urban Outfitters (URBN), followed by Dick's Sporting Goods (DKS) on Tuesday. Midweek, we'll hear from Vera Bradley (VRA) and Square (SQ) and on Thursday, we get results from Dollar General (DG), Vail Resorts (MTN) and Ulta Salon (ULTA). Out of these companies, all eyes will be on Square since this will be its first earnings report after going public in November. Based on the numbers, investors will get a good read on whether or not the company is off to a good start. For the recent quarter, Wall Street is look for a loss of $0.13 a share on revenue of $343.22 million. Recently, Pacific Crest said moving beyond processing and moving up market is crucial for Square to cement its unique model. Overall, analysts believe Square can take advantage of the rich ecosystem of transaction to achieve growth and gain customers. Additionally, we have some key reports on the economic calendar. Midweek, we have the weekly oil inventory data, followed by jobless claims and Treasury budget on Thursday. Finally, we end the week with import and export prices. TheStreet's U-Jin Lee reports from Wall Street.
