Here Comes Darden: What to Expect from Fiscal 3Q17
On March 22, 2017, Darden Restaurants (DRI) was trading at $77.0, but this share price may have already factored in our estimates.
On March 22, 2017, Darden was trading at a PE multiple of 18.1x, as compared to 18.3x before the announcement of its fiscal 2Q17 earnings.
Analysts are expecting Darden to post EPS of $1.28 in fiscal 3Q17, which would represent a growth of 5.8% from $1.21 in fiscal 3Q16.
For fiscal 3Q17, analysts are expecting Darden Restaurants (DRI) to post EBIT of $226.5 million, which would represent an EBIT margin of 12.1%.
Darden Restaurants’ (DRI) revenue includes sales from all seven of its brands. The majority of its fiscal 2Q17 revenue, or 55.7%, came from Olive Garden.
After posting its fiscal 2Q17 results, Darden reaffirmed its SSSG guidance for fiscal 2017 to be in the range of 1%–2%, with EPS to be $3.87–$3.97.
As discussed, Nike reported its fiscal 3Q17 results on March 21, 2017. Its top line rose 5% YoY (year-over-year) to $8.4 billion, missing analysts’ consensus estimate by ~$30 million.
BlackBerry (BBRY) has three primary business segments: Software and Services, Mobility Solutions, and Service Access Fees.
Last December, BlackBerry entered a brand licensing agreement with TCL, one of the top ten vendors in China’s smartphone market.
Instant messaging is quickly becoming the primary mode of communication in enterprises. Blackberry has the capabilities to provide secure and encrypted messaging services.
In February 2017, BlackBerry (BBRY) announced an agreement to license its software and services used in the production of secure BlackBerry Android (GOOG) (GOOGL) smartphones in Asian markets.
Earlier this month, BlackBerry (BBRY) introduced the VAI (or value-added integrator) program.
BlackBerry (BBRY) will announce its fiscal 4Q17 earnings on March 31, 2017. Analysts estimate that the company will post revenues of ~$288.5 million.
As we discussed, the Vancouver-based Lululemon Athletica (LULU) is slated to report its fourth-quarter results on March 29.
Lululemon Athletica (LULU), which should report its fourth-quarter results on March 29, is projected to post a ~19% YoY jump in earnings per share.
Lululemon Athletica (LULU) is slated to release its results for the fourth quarter and 2016 overall on Wednesday, March 29.
For 4Q16, PVH Corp’s management has forecast an adjusted EPS in the range of $1.13–$1.18, as compared to $1.52 one year previously.
PVH Corp has recorded a YTD sales increase of 3.2% on a YoY basis.
PVH Corp (PVH) will declare its 4Q16 and fiscal 2016 results on March 23. Its earnings are expected to fall 21.6% to $1.19.
Of the 18 analysts that cover General Mills (GIS), 16.7% gave it a “buy” recommendation, 72.2% gave it a “hold” recommendation, and 11.1% gave it a “sell” recommendation.