Quarterly company results for the week 19.06. - 23.06: FedEx, KB Home, Carmax

Jason Bellier · 17 Ιουνίου 2023 · 2 λεπτά ανάγνωσης

Earnings season will not offer us many interesting companies for the second week in a row. However, as we approach the end of the month, I can assure you that the results season will get going again.

What do analysts expect from these companies?

FedEx $FDX

The Zacks Consensus Estimate for segment sales suggests a decline of 9.5% from the previous fiscal quarter.

Higher purchased shipping rates and lower package volumes likely impacted FedEx Ground segment's quarterly results. The Zacks Consensus Estimate for the segment's revenue indicates a decline of 1.6% from the previous fiscal quarter.

Softness related to average daily shipments is likely to hurt FedEx Freight segment performance. The Zacks Consensus Estimate for segment revenue indicates a decline of 5.4% from the previous fiscal quarter.

KB Home $KBH

This homebuilder is expected to post quarterly earnings of $1.23 per share in its upcoming report, representing a year-over-year change of -47%. Revenue is expected to be $1.38 billion, down 19.9% from the previous quarter.

Carmax $KMX

This used car dealership chain is expected to post quarterly earnings of $0.73 per share in its upcoming report, representing a year-over-year change of -53.2%. Revenue is expected to be $7.28 billion, down 21.8% from the previous quarter.

Darden Restaurants $DRI

This owner of restaurant chains is expected to post quarterly earnings of $2.53 per share in its upcoming report, representing a year-over-year change of +13%. Revenue is expected to be $2.77 billion, up 6.3% from the previous quarter.

Patterson Companies $PDCO

The Zacks Consensus Estimate for the company's revenue for the fourth quarter of fiscal 2023 is pegged at $1.66 billion, suggesting a 1.1% improvement from the year-ago quarter, with earnings per share expected to be flat from the year-ago quarter ($2.28).