More quarterly earnings reports are due on Tuesday. We’re expecting reports from 3D Systems Corporation (NYSE:DDD), Affiliated Managers Group, Inc. (NYSE:AMG), BP plc (NYSE:BP) (LON:BP), Coach, Inc. (NYSE:COH) and Deutsche Bank AG (NYSE:DB) (ETR:DBK).
Earnings Preview
3D Systems Corporation (DDD)
Analysts are expecting 3D Systems Corporation (NYSE:DDD) to report second quarter earnings of 22 to 24 cents on revenue of $114.63 million. Full-year earnings are expected to be between 96 cents and $1.06 per share on full-year revenue of approximately $484 million.
3D Systems Corporation (NYSE:DDD) has surprised to the positive in two of the last five quarters and reported results that were in line with expectations in the other three quarters. Shares of 3D Systems Corporation (NYSE:DDD) rose as much as 6 percent on Monday ahead of the company’s next report. The company announced today that its 3D printers went on sale in Japan at the nation’s largest consumer retailer. The company claims that the Cube 3D printer is the first 3D printer that’s certified for home use and safe for children.
Affiliated Managers Group, Inc. (AMG)
Analysts are projecting that Affiliated Managers Group, Inc. (NYSE:AMG) will report earnings per share of $2.10 on revenue of $527 million for the second quarter of the year. Full-year earnings are expected to be between $9.34 and $9.36 on full-year revenue of approximately $2.2 billion. Over the last five quarters, the company’s results have been close to consensus.
Earlier this month, Jefferies analysts issued a preview report on earnings for various asset managers during the second quarter. They said Affiliated Managers Group, Inc. (NYSE:AMG) was probably the best positioned among asset managers for growth in the current environment.
BP plc (BP)
Analysts believe that BP plc (NYSE:BP) (LON:BP) will report earnings of between $1.09 and $1.15 per share on revenue of approximately $90.3 billion. Full-year earnings are expected to be between $5 and $5.06 per share on full-year revenue of approximately $349 billion.
The oil giant’s last three quarterly reports were positive surprises. Expectations for the company have declined slowly over the last 90 days, according to Zacks. EPS estimates have fallen from $1.17 per share 90 days ago to $1.09 per share today.
Coach, Inc. (NYSE:COH)
It’s expected that Coach, Inc. (NYSE:COH) will report fourth fiscal quarter earnings of 89 cents on revenue of $1.2 billion. Full-year earnings are expected to be $3.73 per share on full-year revenue of $5.1 billion.
In four of the last five quarters, Coach, Inc. (NYSE:COH) has come out slightly ahead of estimates for earnings per share. Analyst estimates for the company’s fourth fiscal quarter have remained steady at 89 cents for the last 90 days, according to Zacks.
Deutsche Bank AG (DB)
Analysts believe Deutsche Bank AG (NYSE:DB) (ETR:DBK) will report second quarter earnings per share of $1.11 on revenue of €8.4 billion. Full-year earnings per share are projected to be $5.51 on full-year revenue of €34 billion.
The bank has a history of both positive and negative earnings surprises. In each of the last five quarters, it came out either significantly ahead or significantly behind expectations.
