3 Hot Stocks Reporting Earnings On Thursday
Estimize | Jun 07, 2017 01:04AM ET
Reports June 8th BMO
JM Smucker (NYSE:SJM), the jelly-ful company reports its 2017 Q4 earnings on Thursday. Analysts at Estimize are expecting an EPS of $1.75, 2-cents more optimistic than Wall Street. As for revenue, Estimize is aiming for $1.779 billion, 6 million more pessimistic than Wall Street. Over the last eight quarters, EPS has followed an upward trend, which bodes well for the upcoming 2018 fiscal year.
Famous for its fruit spreads, and brands such as Jif, Pillsbury and Crisco, J.M Smucker has remained one of the biggest corporations in the food industry. Recently, SJM announced the signing of a definitive agreement to acquire the Wesson oil brand for $285 million. With this purchase, SJM is hoping to expand its market presence. As of today, SJM is valued at $128.31 per share.
h2 VeriFone Systems/h2Reports June 8th AMC
This veteran financial technology company is reporting its second fiscal quarter’s earnings on Thursday. Estimize is calling for VeriFone (NYSE:PAY) to report an EPS of $0.31, which is 1 cent ahead of Wall Street. The PAY guidance for this quarter is $0.29, which closely follows Wall Street. In addition, the Estimize consensus for revenue is $470.75 million, approximately 1 million behind Wall Street, which is at $471.9 million. PAY guidance for revenue remains the most optimistic, standing at $472 million.
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Verifone recently announced their new payment product, Verifone Carbon 8, which is an affordable, smaller, and portable POS solution. It is mainly targeted at small to midsized businesses such as hospitality and restaurants. In addition to this, Verifone has again partnered with Eigen Payments to make paying at restaurants more convenient. As of today, VeriFone is valued at $18.55 per share.
h2 Vail Resorts Inc./h2Reports June 8th BMO
Vail Resorts (NYSE:MTN) operates ten mountain resorts and three ski areas in locations in the US and overseas. They will be reporting their third quarter’s earnings on Thursday. Estimize is calling for an EPS $4.94, which is slightly less optimistic than the Street’s $4.99. Looking at revenue the Estimize community has come to a consensus of $805.01 which falls behind the Street’s $808.28.
Vail Resorts acquired Stowe Mountain Resort earlier this year to make it their first east coast location. Due to their premier locations, they hold somewhat of a monopoly in the sector, with the ability to raise prices when necessary. Even though Vail Resorts does struggle to make money in the summer, they have been making strides to make the fun last year-round. Some of the things they have tried include, zip lines and hiking paths. Historical Estimize data shows that MTN EPS and revenue tends to plateau in Q3, only to drop in Q4. Vail Resorts currently sits at a stock price of $214.37 which is just about the 52-week high.
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