Earnings Forecasts Show Declines for Major Companies

A report on upcoming earnings reveals declines in EPS across several companies. Nike's EPS is expected to decrease by 38.83%, while FedEx anticipates a slight decline of 2.26%. These trends may impact investor sentiment as companies struggle to meet expectations.

Date: 23-12-2024

AI Rating: 4

Earnings Per Share (EPS):

Nike, Inc. (NKE): The consensus EPS forecast is $0.63, representing a significant decrease of 38.83% compared to the same quarter last year. Despite this, NKE has consistently beaten expectations in the past year, with a notable high of 34.62% above consensus.
FedEx Corporation (FDX): The consensus EPS forecast is $3.90, reflecting a smaller decline of 2.26% compared to the same quarter last year. FDX’s P/E ratio is lower than the industry ratio, suggesting potential concerns regarding future growth.
BlackBerry Limited (BB): The consensus EPS forecast is -$0.03, indicating no change from the previous year. Although BB had a strong performance in beating expectations, the negative EPS may cause investor hesitation.
Mission Produce, Inc. (AVO): The expected EPS is $0.02, down 77.78% year-over-year. This is a significant drop, which could potentially weaken investor confidence.
Scholastic Corporation (SCHL): The consensus EPS forecast is $2.30, indicating a decrease of 6.12% compared to the same quarter last year. The P/E ratio is also lower than the industry average, potentially limiting growth perceptions.

Stocks: NKE FDX BB AVO SCHL