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Earnings Whispers: Ascena Retail Group Inc (ASNA) & Lennar Corporation (LEN)

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The Country Caller reviews the earnings predictions for Ascena Retail Group and Lennar Corporation, ahead of their quarterly releases

Both Ascena Retail Group Inc. (NASDAQ:ASNA) and Lennar Corporation (NYSE:LEN) are expected to release their earnings for the upcoming season soon. Ascena Retail Group would provide earnings details for the fourth quarter of fiscal year 2016, after the closing bell on Monday, September 19. It had previously impressed investors by beating their expectations, including top and bottom level beat in the last season. Compared to this, Lennar Corporation is expected to provide its earnings for 3QFY16 before the market opens on Tuesday, September 20. It has shown similar beat trends in the past, including surpassing expectations in the previous quarter for the both top and bottom lines.

Ascena Retail Group

The Street is looking forward to the retailer posting earnings per share of 17 cents in the upcoming results. This is equivalent to the figure issued by earningswhispers.com. Thus, if the women’s clothing provider produces 17 cents in earnings for the season, it would grow its EPS by 13.33% subsequently as it reported 15 cents in EPS in the previous quarter. Moreover, the earnings would dramatically increase by 183.33% year-over-year as the company announced EPS of six cents in 4QFY15.

Additionally, the Mahwah-based business has also been projected by the consensus to declare net sales of $1.79 billion for 4QFY16. This would imply Estimize.com’s earnings estimate miss by $0.018 million as it has issued a number of $1.77 billion for the revenues of the season. If the Street is successful, net sales would climb by 52.56% YoY as it declared revenues of $1.17 billion for the same quarter of FY15. The net sales gains of 6.95% would also be observed on sequential basis as it published total revenues of $1.67 billion in the previous quarter.

Lennar Corporation

The Country Caller also took a deeper look into the earnings of the construction company whereby it found out that Street analysts have projected EPS of 88 cents for the season. However, earningswhispers.com is poised on beating the Street on bottom line by seven cents as it has estimated EPS of 95 cents, which is in line with the earnings produced by the company in the previous quarter. Nonetheless, the earnings of the Florida-based business is expected to decline 8.33% YoY as it announced EPS of 96 cents in the same quarter of the previous year.

The Street is also anticipating the $9.1 billion business to provide net sales of $2.66 billion, roughly $0.018 million lower than estimize.com’s figure. Estimize.com has given out total revenue projection of $2.68 billion for the season. If consensus estimates are held true in the earnings call, revenues would climb roughly 6.52% YoY as it gave $2.5 billion in revenues for 3QFY15. However, sequentially speaking, net sales would decline by 1.37% as the home builder provided net revenues of $2.7 billion for the previous quarter.

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