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Featured Earnings Reports This Week

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Tuesday Carnival (NYSE:CCL)

Tuesday morning Carnival offers us an earnings appetizer ahead of the main course on Thursday. Carnival has had its share of PR mishaps over the past couple years but there is still strong demand for cruises. This quarter the Estimize community expects Carnival to report losses of 7c per share compared to gains of 8c per share in FQ1 of last year. Revenue is also forecast to fall marginally compared to FQ1 of last year and it may take a few years for Carnival to restore its public image.

Thursday Lululemon Athletica (NASDAQ:LULU)

Its been one year now since Lululemon was plagued by a recall of its popular black yoga pants. The stretchy pants were recalled because they had a problem with being too sheer, nearly 17% of all pants sold in Lululemon stores were affected by the recall. While the recall slowed things down in FQ4 last year, sales are forecast to increase by 6% this quarter, however margins and EPS are expected to be slightly lower.

Thursday BlackBerry (NASDAQ:BBRY)

BlackBerry is the fallen giant of the week. Once upon a time the smartphone pioneer’s stock was trading at over $235 dollars per share while it now goes for less than 10 bucks. In November BlackBerry brought in John Chen as new CEO tasked with the arduous assignment of turning the company around. Chen has stated this turnaround strategy relies on the enterprise customer. Within the past month he said, “I’ve got to get the devices business profitable, I’ve got to get the server business growing again, I’ve got to get BBM scaling,”. There are plenty of challenges on Chen’s plate and this quarter contributing analysts on the Estimize.com platform expect BlackBerry’s revenue to beat the Street’s estimates by $21million.

Thursday Red Hat (NYSE:RHT)

Red Hat is a multinational open-source software company which sells enterprise products. Last quarter Red Hat posted a much stronger than expected quarter beating the Estimize consensus on EPS and revenue by 6c and $11million respectively. This quarter the Estimize community has set the bar slightly higher than the Street and is expecting EPS and revenue of 38c and roughly $400million.

Thursday GameStop (NYSE:GME)

GameStop is playing against a few major headwinds at the moment. On one hand the technology has arrived where many of the games being purchased can be downloaded directly from the developer saving players a trip to the store and cutting out the retailer. Like other retailers this quarter the weather may be a factor for GameStop as well, frequent snow storms and the cold have kept shoppers off the roads. And finally GameStop just got a new neighbor in the used games trade, the new neighbor’s name is WalMart. WalMart’s very recent announcement to enter the space won’t have an effect this quarter but the Estimize community is still expecting GameStop to miss the Street’s estimate on revenue, while beating expectations by a small margin on earnings.

Source: 3/24 Estimize Weekly Earnings Preview