Earnings release on Tuesday after market close, conference call at 7:30 a.m. on Wednesday
Analyst expectations: St. Louis-based Express Scripts, the largest pharmacy benefits manager, will release its earnings for the first quarter of fiscal year 2015 after the market closes on Tuesday, and the conference call will be held on Wednesday. Analysts expect the company to announce earnings of $1.10 per share and revenue of $24.34 billion for the quarter. The reported EPS for the same quarter last year was $0.99, and revenue of $23.68 billion.
Recent news: Earlier this month, Express Scripts cut 227 jobs and shut its second facility in Fort Worth, Texas, following its 2012 merger with Medco Health Solutions. The company says the closing is part of a nationwide consolidation of its front-end pharmacy operations, where prescriptions are submitted.
Earnings release after market close, conference call at 4 p.m.
Analyst expectations: AMC Entertainment Holdings Inc., the Leawood, Kan.-based parent company of AMC Theatres, will release its first-quarter 2015 earnings after the market closes. Analysts expect the company to announce earnings of 8 cents per share and revenue of $655.52 million for the quarter. In the same quarter last year, the company reported a loss 5 cents per share, and revenue of $622.76 million.
Recent news: AMC is facing an antitrust lawsuit filed by a theater in Houston. Viva Cinema, now a closed theater, alleges that AMC used its clout with seven major film studios to prevent Viva Cinema from getting licenses to show first-run movies, forcing the smaller theater chain out of business. This isn’t the first antitrust lawsuit brought against AMC; in March, a federal judge refused to dismiss an antitrust lawsuit filed by Alabama-based Cobb Theatres.
Earnings release before market open, conference call at 9:30 a.m.
Analyst expectations: Garmin, which has an operational headquarters in Olathe, Kan., will announce its first-quarter 2015 earnings before the market opens. The consensus earnings per share forecast for the quarter is $0.57, and the revenue forecast is $606.26 million. In the previous quarter, the company’s EPS was $0.77, and revenue increased 6 percent to $808.3 million.
Recent news: GPS maker Garmin has recently announced a summer release for two new HD action cameras, the VIRB X and VIRB XE. The cameras were developed with an emphasis on rugged activities such as mountain biking, targeting the sports camera market that has been dominated by GoPro.
Leggett & Platt
Earnings release after market close, conference call at 8 a.m. on Friday
Analyst expectations: Leggett & Platt, a Carthage-based manufacturer of engineered products, will announce its first quarter 2015 Earnings before the Market opens. Analysts expect the company to announce earnings of $0.46 per share and revenue of $952.53 million for the quarter. In the same quarter last year, the company reported EPS of $0.37, and revenue of $919.1 million.
Recent news: Joseph D. Downes, a Leggett & Platt senior vice president, retired from his position this month. Downes will continue with the company in a lesser position through the end of the year, but he will no longer be granted the growth performance stock units (GPSUs) that the company gives to certain key management employees.