As the calendar quarter draws to a close this holiday-shortened week, so does another earnings season.
The most significant quarterly reports due this week come from alcoholic beverage company Constellation Brands (NYSE: STZ) and payroll processor Paychex (NASDAQ: PAYX).
Analysts on average are looking for strong results from the former and for modest growth on the top and bottom lines from the latter.
Below is a closer look at what analysts expect from these two reports and a few others, as well as a peek at the beginning of the new earnings season.
Constellation Brands
The fiscal first-quarter forecast for this maker of Svedka Vodka, Corona beer and Robert Mondavi wines calls for earnings per share (EPS) to be up around 59 percent from the year-ago period to $0.93 in Wednesday morning's report. Sales are expected to more than double to $1.41 billion.
Note that the consensus EPS estimate has ticked up by a penny in the past 60 days and that analysts underestimated Constellation Brands earnings in the previous three quarters. So far, the consensus forecast for the current quarter has EPS up about 15 percent and a more than 11 percent gain in revenue. That EPS estimate has slipped by a penny per share in the past 60 days.
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Paychex
Analysts expect this Rochester, New York- based staffing and outsourcing company to say that it had earnings of $0.40 per share in its fiscal fourth quarter. That would be up from $0.38 per share in the same period of last year. And revenues are forecast to have risen from $585.30 million a year ago to $617.35 million for the three months that ended in May.
For the full year, analysts are looking for EPS of $1.71 on revenue of $2.47 billion. That would be up from $1.60 per share and $2.33 billion in revenue in the previous year. Like the quarterly EPS estimate, the one for the full year has not changed in the past 60 days. The company is scheduled to share its results Tuesday after the markets close.
And Others
Here are the consensus forecasts for a few others scheduled to share their results before the Independence Day break:
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A. Schulman: EPS of $0.66 (up 24.2 percent) on revenue of $627.50 million (up 14.4 percent)
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Acuity Brands EPS of $1.12 (up 13.4 percent) on revenue of $609.09 million (up 12.5 percent)
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Greenbrier Companies: EPS of $0.74 (up 21.4 percent) on revenue of $570.74 million (up 31.6 percent)
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SYNNEX: EPS of $1.36 (up 40.4 percent) on revenue of $3.17 billion (up 22.2 percent)
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