Earnings Preview for Wednesday: ANF, PETM, TGT, VIV, SBH

Earnings season continues tomorrow with multiple big name companies releasing their quarterly earnings. Headlining tomorrow’s releases will be Abercrombie & Fitch Co. (NYSE:ANF) and Target Corporation (NYSE:TGT). Analysts are expecting Abercrombie & Fitch to have an EPS of $0.71 compared to $0.56 a year ago. Revenue is estimated to be at $1.07 billion, a 21% increase from a year ago. ANF closed down 2.71% on Tuesday at $55.95. Analysts are expecting Target Corp. to have an EPS of $0.74 versus $0.68 a year ago. Revenue is expected to be slightly higher at $16.27 billion, a 4.30% increase from the same quarter last year. TGT closed the day higher, up 1% at $53.18.

Other big names releasing earnings tomorrow include PetSmart, Inc. (NASDAQ:PETM), Vivendi SA (EPA:VIV) and Sally Beauty Holdings, Inc. (NYSE:SBH).

PetSmart is expected to have an EPS of $0.48 with revenue of $1.49 billion. This is compared to $0.38 and $1.39 billion a year ago. PETM closed Tuesday up 1.76% at $48.55. Vivendi SA releases earnings tomorrow as well. VIV closed down 2.55% today at $15.48. Analysts expect Sally Beauty Holdings Inc. to have an EPS of $0.27 for their most recent quarter. Revenue is expected to be $827.07 million, a 10.6% increase from a year ago. SBH closed down 1.08% today at $20.17.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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