Stone-Cold Earnings Trade Lock of the Week

Playing the earnings game to increase profit though these 5 stocks

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Stone-Cold Earnings Trade Lock of the Week

3) Bed Bath & Beyond

The retailer of home goods reports earnings for the quarter ending May 31, 2012 on June 20 after the market closes. Wall Street expects Bed Bath & Beyond (NYSE:BBY) to report profit of 84 cents per share in the period. That estimate is two cents per share higher than 90 days ago. The company has exceeded expectations in each of the last four quarters. Shares of Bed Bath & Beyond are up 40% in the last year. Analysts expect profit growth of 13% in the current fiscal year ending Feb. 28, 2013. At current prices, shares trade for 16 times current fiscal year estimated earnings.

4) CarMax

The used car retailer reports results for the quarter ending May 31, 2012 on June 20 before the market opens. Wall Street expects CarMax (NYSE:KMX) to earn 54 cents per share in the quarter. That estimate is a penny per share lower than 90 days prior. The company has missed expectations in 2 of the last 4 quarters. Shares of CarMax are down 6% in the last year. Analysts expect profit growth of 7% in the current fiscal year ending Feb. 28, 2013. At current prices shares trade for 14 times current fiscal year estimated earnings.


Article printed from InvestorPlace Media, http://investorplace.com/2012/06/stone-cold-earnings-trade-lock-of-the-week-adbe-jbl-bby-kmx-orcl/.

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