The week's economic calendar is highlighted by the Federal Reserve's next Beige Book report and a look at the employment numbers for August. Also throughout the week will be a scattering of off-season earnings reports.
There are only a handful of companies on deck to share their latest quarterly results. Wall Street analysts expect stellar results from Ambarella Inc (NASDAQ: AMBA), as well as at least some earnings growth from Ciena Corporation (NYSE: CIEN) and Dollar Tree, Inc. (NASDAQ: DLTR).
However, the consensus forecasts call for a small year-on-year earnings decline from Medtronic PLC (NYSE: MDT) and a seasonal net loss from H & R Block Inc (NYSE: HRB).
Below is a quick look at what is expected from these and some of the week's other most prominent reports.
See also: 5 U.S. Financial Stocks That Should Do Well Even Without The Fed
Ambarella
This video and image processing products maker will post $0.85 earnings per share (EPS) for its fiscal second quarter, if the consensus of 26 Estimize estimates is accurate. That would be up from a profit of $0.37 per share in the same period of last year. The Wall Street estimate is slightly less optimistic at $0.81 per share.
Revenue for the three months that ended in July is predicted to have jumped from $46.97 million in the year-ago quarter to $84.92 million, says Estimize, and again Wall Street is a bit more pessimistic. They both underestimated revenue in the previous quarter. Watch for the report after Tuesday's closing bell.
Ciena
EPS of $0.34 for the fiscal third quarter are anticipated from this networking and communications company. That comes from just four Estimize respondents but is in line with Wall Street expectations. Ciena posted EPS of $0.35 back in the second quarter and $0.32 in the year-ago third quarter.
The Estimize forecast also calls for revenue to be about 4 percent higher, relative to a year ago, at $629.36 million for the most recent period. Wall Street and Estimize both underestimated revenue in the previous period. Ciena is expected to share its results before markets open on Thursday.
Dollar Tree
The fiscal second-quarter forecast for this discount retailer calls for EPS to have risen from $0.61 in the year-ago period to $0.68. Also revenue is expected to be up from $2.03 billion to $2.41 billion for the three months that ended in July, according to a consensus of 13 Estimize respondents.
Note that the EPS estimate is more optimistic than both company guidance and Wall Street expectations. Yet, Wall Street analysts have a revenue projection of $3.04 billion for the period. Dollar Tree is scheduled to release its results Tuesday before the regular trading session kicks off.