We are still a few weeks away from the unofficial start of the Q1 earnings season, but next week we will see a handful of major corporations report their quarterly numbers. The results will give investors a taste of what is to come in the months ahead. Here are four stocks to keep an eye on as they ready to report in the coming days.
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On Monday of next week, Adobe Systems (Nasdaq:ADBE) is expected to check in with its Q1 results. The consensus among analysts is that the company will announce earnings per share (EPS) of 57 cents versus 58 cents in the prior year quarter. Total revenue is expected to increase by 2.5%.
Adobe is coming off of a record Q4 from a revenue standpoint which benefitted from strong showings from its digital media and digital marketing businesses. In an effort to bolster its digital marketing suite going forward, the company recently acquired an auction-based digital advertising company. Shares of Adobe have rallied around 18% so far this year.
After the closing bell on Tuesday, Oracle (Nasdaq:ORCL) will report its fiscal Q3 earnings. Wall Street is calling for the company to post EPS of 56 cents compared to 54 cents in the year-ago quarter. Revenue is expected to tick up slightly to the tune of 2.5%. Oracle shares have jumped approximately 15% since the beginning of the year.
The athletic apparel maker Nike (NYSE:NKE) will announce its fiscal Q3 results on Thursday of next week. Analysts are predicting that the company will come in with roughly a 7.4% increase in EPS on a 14.2% advance in total revenue.
In Q2, Nike saw its revenue rise 18% on a year-over-year basis as it saw particularly robust results from its North American footwear business segment. The company also succeeded in repurchasing $672 million of its common stock during the quarter. Nike has seen its stock price increase over 13% year-to-date.
Another footwear retailer set to release earnings is DSW (NYSE:DSW) which will report prior to the market open on Tuesday of next week. The consensus is that the company will announce around a 19.5% pop in EPS on a 9.1% increase in revenue versus the prior year quarter. Shares of DSW have gained roughly 24% on the year.
The Bottom Line
All four of these companies are already off to a hot start to 2012 and are expected to continue to grow their bottom lines. Nike and DSW should put up particularly impressive revenue growth while Adobe and Oracle will also make slight improvements. Given that the U.S. economy is still on the mend, these quarterly releases look to be a promising opening act to earnings season.
SEE: How To Decode A Company's Earnings Reports
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At the time of writing, Billy Fisher did not own shares in any of the companies mentioned in this article.