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3 Stocks To Watch That Report Earnings Today

Published 09/14/2016, 12:23 AM
Updated 07/09/2023, 06:31 AM

1. Cracker Barrel (NASDAQ:CBRL): The restaurant chain has made a habit of beating earnings while also falling short on revenue. CBRL's top line growth has slowly decelerated in the past few quarters, but that is soon to change. The Estimize consensus is projecting a 3% increase in revenue compared to past quarters that delivered lower growth. Bottom line estimates of $2.11 are expecting a 7% increase which is a significant drawdown from previous quarters. Shares are up nearly 17% year-to-date and historically jump about 1% following an earnings report.

2. Apigee Corporation (NASDAQ:APIC): Apigee has topped expectations in each of its publicly reported quarters. There is very little doubt that this quarter will be any different but the markets reaction might change. Both revenue and earnings growth have decelerated in its short public history. This is generally not a good sign for the stock even if the company does have a habit of beating. The Estimize consensus is calling for a 26 cent per share loss this quarter on $24.85 million in revenue. Compared to a year earlier this represents a 35% increase on the bottom line and 34% on the top. Shares are up about 120% in the past 12 months and historically increase 5% immediately after an earnings report.

Clarcor (NYSE:CLC): The Estimize consensus is calling for earnings per share of 71 cents, 7% higher than the same period last year. That estimate has increased 1% since Clarcor’s most recent report in June. Revenue for the period is estimated to decrease 3% to $339.89 million, marking the 5th consecutive of negative sales growth. Shares are up 26.5% this year but have a habit of declining following an earnings report.

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