This week there are a number of interesting stocks you may want to keep your eye on. We're watching the following companies.
BlackBerry (NASDAQ:BBRY)
It is no secret, BlackBerry is not the stock it once was. One could quite easily make the argument that there is no way out for this troubled mobile handset maker. Increased competition from the giants including Apple (NASDAQ:AAPL), Samsung (KS:005930), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL), a lack of innovation and hardware issues are some of the reasons the company is in for a tough time moving forward. Since reaching its peak in June 2008 at a price of $142.16, BlackBerry has continued to struggle immensely. The stock is currently hovering close to $9.00.
BlackBerry announces its FQ1 ’16 results on Tuesday next week and there is not much excitement being generated before the announcement. Wall Street is predicting a negative EPS figure of -$0.03 and Estimize are predicting a positive $0.02 EPS figure. Similar to the EPS projections, Estimize predicts a higher revenue figure of $726.17M compared to $698.75M as predicted by Wall Street.
Leading up to its result, the stock continues to fall as investors grow tired of the company’s lack of performance.
Carnival Corporation (NYSE:CCL)
Carnival Corporation also reports its FQ2 ’15 figures on Tuesday and unlike BlackBerry, CCL has rewarded shareholders over the past thirty six months. The cruise company is reporting its last figures before they enter their peak period which is typically reported in its FQ3 figures.
Both Estimize and Wall Street are predicting growth in earnings for this quarter both YoY and QoQ. Estimize are predicting an EPS figure of $0.18 and Wall Street is predicting $0.15. These two projections are above company guidance of $0.13. In terms of revenues, Estimize are predicting a figure of $3.607B and Wall Street comes in slightly below this figure at $3.532B. Carnival (LONDON:CCL) has a good track record for outperforming guidance and consensus. Carnival has guided to a revenue figure of $3.724B. 
Given its positive track record, we recommend investors keep CCL in their watch list for Tuesdays report.
Bed Bath & Beyond (NASDAQ:BBBY)
Bed Bath & Beyond, a household name for many are also reporting this week. Since beginning its recovery in 2009, the stock has continued to provide returns to investors. The company has continued in its expansion and as of February 2015, BBBY operated 1,513 stores spread across the United States and Canada.
Estimize are predicting a large fall in earnings QoQ and a slight fall YoY. Estimize are predicting an EPS figure of $0.95 which is slightly higher than Wall Street’s prediction of $0.94. BBBY has provided guidance for its EPS for the first time since FQ3 ’13 to the value of $0.93. Despite Estimize and Wall Street predicting a fall in EPS YoY, they both have predicted higher revenues YoY. Estimize predict $2.743B and Wall Street have a consensus of $2.746B. Once again, the guidance provided for revenues of $2.724B is below the estimates made by the Estimize community and Wall Street.
FQ1 is typically a weaker quarter for Bed bath & Beyond so it should be no surprise that the QoQ EPS & Revenue growth figures will be negative. The revenues achieved by BBBY are typically a good barometer for the US Economy. Therefore, we recommend investors with portfolio holdings in stocks operating in sectors such as consumer discretionary watch BBBY’s result closely.
Nike (NYSE:NKE)
Nike continues to gather momentum as it heads toward reporting its FQ4 ’15 figures on Thursday. The company has put on 11.21% in the past six months and is currently trading at an all-time high. Seen as a defensive stock, Nike continues to defend its leading position in footwear and sporting apparel across multiple segments and market geographies.
The Estimize community is predicting better EPS and revenue figures than Wall Street for NKE. According to Estimize, NKE will produce $0.89 in EPS and $7.815B in revenues, whereas Wall Street analysts are predicting $0.84 in EPS and $7.680b in revenues. The gap between Estimize and Wall Street’s consensus is quite significant.
The large delta figure in EPS for NKE will likely provide some savvy market participants with some trading ideas.
Micron Technology (NASDAQ:MU)
Micron Technology is a provider of semiconductor solutions worldwide. The stock has recently experienced a sudden share price fall after Morgan Stanley (NYSE:MS) downgraded the company and expressed concerns with the companies expected growth rate. The stock recently fell to a fourteen month low and is now trading at $24.65.
Leading into its report on Thursday, the company has provided guidance on revenues reaching $3.95B, Estimize is predicting an EPS in $0.68 and revenues to reach $4.002B. Wall Street are projecting a much smaller EPS figure of $0.62 and revenues of $3.971B.
The upcoming report will be an important for the company. Management will likely attempt to instill confidence in the stock to put an end to the stock price plunge. Comments from management surrounding its 20nm DRAM ramp plan will be important as they have previously made public that they expect to be ahead or on schedule with the transition. Discussion surrounding the deterioration in the PC market will be closely examined as circa 30% of the Micron’s DRAM memory chip revenues are derived from this market. Further, attention will be paid on margins and the possibility they could face some positive tailwinds in 2H15.
This announcement is likely to attract a great deal of attention as the result could either exacerbate the stocks downward trajectory or act as a stimulant for a rebound.