The Fool Looks Ahead
There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
The new trading week kicks off with Zep (NYS: ZEP) reporting its quarterly results. The maker of cleaning and maintenance solutions is expected to post a profit of $0.09 a share, short of the $0.15 it rang up a year earlier.
Apogee (NAS: APOG) is going the other way on the bottom line. Analysts see the glass-products specialist coming through with a profit of $0.06 a share, reversing a loss during the same quarter a year earlier.
ADTRAN (NAS: ADTN) was downgraded by Raymond James on Wednesday, exactly one week before its next quarterly report.
It's certainly not a good sign when an analyst turns bearish this close to an upcoming earnings report. The provider of networking and communication equipment has also beaten Wall Street's profit targets in 11 of the past 12 quarters, so betting against the company that the pros typically underestimate could be problematic.
Rite Aid (NYS: RAD) hits the register on Thursday.
The leveraged drugstore operator hasn't turned a quarterly profit in nearly five years, so it's not a surprise to see another deficit in the forecast.
The final trading day of the week will feature some big banking names reporting, but keep an eye on the smaller iGATE (NAS: IGTE) . The market's looking for the IT-services provider to grow its profitability by 39% to $0.32 a share.
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At the time this article was published The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.