Nike and Costco are expected to earn $0.45, $2.85 per share, respectively while Carnival is expected to report -$2.21 per share.
FedEx Corporation (NYSE: FDX) is expected to earn $2.64 per share for the fiscal quarter ending in Aug 2020 after the market close. The earnings per share (EPS) for the same quarter last year was $3.05. FedEx beat the earnings estimate by 78% in the last quarter ending in May 2020 while missed the estimate by -5.37% in Feb 2020, -10.04% in Nov 2019, and -3.79% in Aug 2019.
FedEx offers shipping services for packages and freight deliveries. FedEx operates 30,000 vehicles, 373 service centers, and cargo aircraft fleets around the world. FedEx is the pioneer for real-time package tracking system, express delivery, and overnight shipping. The growth of e-commerce and online shopping boosts the demand for FedEx’s services, especially during coronavirus pandemic time.
FedEx’s stock shows an upward momentum leading to the earnings announcement on Sep 15. The stock price is up by $8.35 or 3.72% per share at the end of the trading day on Sep 11. The aftermarket announcement usually indicates that the actual earnings may exceed the market expectation. The stock price will likely go up after the earning release if the company beat the market expectation.
Adobe Inc. (NASDAQ: ADBE) is expected to earn $2.41 per share for the fiscal quarter ending in Aug 2020 after market close. The earnings per share (EPS) for the same quarter last year was $1.76, lower than the expected upcoming earnings. In the last four quarters, Adobe reports consistent earnings per share (EPS) growth of 5.78% per quarter. The earnings per share are $2.08 in May 2020, $1.93 in Feb 2020, and $1.91 in Nov 2019.
Adobe is a software company that is known for Adobe Flash, Acrobat Reader, PDF file, Adobe Illustrator, and Adobe Photoshop. The Adobe’s stock is down -$4.91 or -1.03% after the market closes on Sep 11. There is downward momentum prior to the earnings announcement on Sep 15. However, Adobe’s stock has outperformed the S&P 500 index by 38.51% year-to-date.
The Progressive Corporation (NYSE: PGR) is expected to report earnings on Sep 17 before the market open. The earning per share (EPS) for the same quarter last year was $1.42. In the last four quarters, Progressive reports an average earning growth of 16.17% per quarter. The earnings per share are $1.83 in June 2020, $$1.17 in Mar 2020, and $1.81 in Dec 2019.
Progressive provides insurance products that include personal, commercial, auto, residential, and property-casualty insurance primarily in the US. Progressive’s stock has outperformed the S&P 500 index by 25% year-to-date. The Progressive’s stock gains $0.63 or 0.67% aftermarket closes on Sep 11.
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