Boston, MA 09/23/2014 (wallstreetpr) – This week’s focus shifts to Carnival Corporation (NYSE:CCL), BlackBerry Ltd (NASDAQ:BBRY) and Bed Bath & Beyond Inc. (NASDAQ:BBBY), which are expected to post earnings for their respective quarters. Carnival is expected to post impressive earnings attributed to growth in the company’s operations while BlackBerry and Bed Bath and Beyond are expected to fall short of estimates as they continue to be affected by the sluggishness of the economy.
Carnival earnings
Analysts remain confident that Carnival Corporation (NYSE:CCL) will post a growth of 4% on revenue compared to a year ago, which should see the company clocking highs of $4.93 billion. Earnings per share as a result of growth in revenue should trickle in at $1.44 a share an improvement of $0.06 from a year ago same quarter.
Carnival Corporation (NYSE:CCL) comes into the current quarter having beaten estimates for four consecutive quarters although it has remained flat over the past 60 days.
BlackBerry Improvement on Losses
BlackBerry Ltd (NASDAQ:BBRY) on the other hand continues to face stiff competition both on the hardware and services front, from well-established brands in the space. A net loss of $0.16 should trickle in for BlackBerry Ltd (NASDAQ:BBRY)’s second-quarter, an improvement from a net loss of $0.47 reported for the same quarter a year ago. Revenue, on the other hand, should drop to a low of $945.56 million from high of $1.57 billion reported a year ago.
BlackBerry Ltd (NASDAQ:BBRY)’s consensus estimates for the past 60 days has remained intact although net-loss estimates from analysts has significantly reduced.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is expected to post earnings per share of $1.14 down from a high of $1.16 reported year ago. Revenues should, on the other hand, grow by 2% to a high of $2.89. The company’s consensus estimates have dropped by a penny over the past 60 days although it still reflects sequential growth over the past year.
