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Earnings Reports Expected on Thursday 9/27

Stock market earnings report

Let us take a look at some big-name companies that have earnings reports coming up tomorrow:

Rite Aid Corporation (NYSE:RAD)

Rite Aid is the United States 3rd largest drug store with around 2,550 locations across 19 different states.  Management has been attempting to sell the company since 2015 but have not developed anything solid.  They were supposed to have a merger with the likes of Walgreens and also Albertsons but both deals fell through.  RAD’s earning report is coming up tomorrow with consensus EPS estimates at -$0.01,  based off two analysts forecasts.  This is the same EPS as this quarter of last year.

Carnival Corporation (NYSE:CCL)

Carnival boasts being the world’s largest travel company as well as the world’s largest cruise-line as nearly half the world cruisers tend to sail Carnival.  The company has over 100 ships and services over 12.1 million guests a year.  The current EPS forecast for tomorrows earnings is $2.31 per share.  This is based off 7 different analyst forecasts.  In the past four earnings reports, the company has beaten EPS expectations.

Scholastic Corporation (NASDAQ:SCHL)

If you were in grade school in the last decade, or have children who are, you’ve probably forked some money over to the book fair.  Scholastic Corp is the largest publisher and distributor for children’s books and instructional material.  The company has previously beaten EPS expectation since November of 2017.  This quarters EPS forecast is at -$1.93 based off only one analyst.

Accenture plc (NYSE:ACN)

Accenture is a unique professional services company serving roughly 40 industries across the globe.  The company showed revenues last year of nearly $35 billion.  This quarter, analysts anticipate an EPS forecast of $1.55, based on 11 separate reports.  This would be great as it’s an increase from $1.48 year-over-year.  In the last four quarters, Accenture has outperformed EPS estimates.

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