Stocks In Flash: KB Home (NYSE:KBH), Micron Technology, Inc. (NASDAQ:MU), Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Dallas, Texas, 09/24/2014 (ustrademedia) – KB Home (NYSE:KBH) is scheduled to release its 3Q14 results on September 24, 2014, before market hours. During the previous quarter, the company posted a solid positive surprise of 28.57 percent. So, it will be now interesting to see how things are shaping up for this announcement. During past several years, the company has been posting solid revenues and earnings. During 1H14, the company’s net orders have recovered strongly from a rather softer trend in 2H13. As the company has been investing in land and lots in the recent past and also improving its community count, this positive trend is expected to continue in coming quarters.
Micron Technology, Inc. (NASDAQ:MU) is scheduled to announce its 4Q14 financial results on Thursday, September 25, 2014 and is expected to post better than expected earnings. The company is experiencing positive earnings estimate revision activity as of late, which is a precursor to an earnings beat. The Most Accurate Estimate for the present quarter is at present at 84 cents per share for Micron as compared to a broader Zacks Consensus Estimate of 81 cents per share. This indicates that recently analyst has raised their estimates for the company, giving the stock a Zacks Earnings ESP of 3.70 percent heading into earnings season.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is expected to release its 2Q14 earnings today after the closing bell, and it will be of interest to see how the company earns amid discount offerings. The home furnishings industry rivals like The Container Store Group Inc. (NYSE:TCS), Williams-Sonoma, Inc. (NYSE:WSM), and Pier 1 Imports Inc. (NYSE:PIR) have all reduced their sales or profits projections as they cited an increasingly promotional market. On the other hand, Morgan Stanley’s home furnishings survey found almost 80 percent of shoppers at the company, during the last three months, listed its 20 percent off an item coupon as what attracted them to the store, much higher than other factors like quality or selection of products.