Big Week Ahead – Macy’s Inc. (M), Prudential Plc (PRU), Wal-Mart Stores Inc. (WMT), Cisco Systems (CSCO), and Tata Motors Ltd. (TTMT) Releasing Their Quarterly Earnings For 2014

The next week is going to be important one with major companies including Cisco Systems, Inc. (NASDAQ:CSCO), Macy’s, Inc. (NYSE:M), Prudential Plc (LON: PRU), Wal-Mart Stores, Inc. (NYSE:WMT) and Tata Motors Limited (ADR) (NYSE:TTM) announcing their earnings for this quarter of 2014.

Cisco Systems, Inc. (NASDAQ:CSCO) has announced the date for releasing its fourth quarter earnings for 2014 on August 13. The expected revenue for the quarter is $12.14 billion with a year-over-year decline of 2.2% and the earnings per share are expected to lie in the range of $0.51 to $0.54. Cisco Systems, Inc. (NASDAQ:CSCO) is performing at par when compared with industry standards including trailing P/E of 16.9, dividend yield of 2.9%, and Price/book of 2.3.

CISCO

Macy’s, Inc. (NYSE:M) is also planning to release its financial results of second quarter 2014 on August 13, 2014. Macy’s, Inc. (NYSE:M) had net sales of $27.931 billion in fiscal 2013 and it is one of the biggest premium retailers of the United States.

Macys, Inc. (M)

Prudential Plc (LON: PRU) is also among the list of companies planning to release their earnings in the upcoming week. Prudential Plc (LON: PRU) will release its second quarter earnings on August 12, 2014. Prudential Plc (LON: PRU) is the largest insurer in UK considering its market value. The company is going to hire Julian Adams of the Bank of England for the post of group regulatory director.

Wal-Mart Stores, Inc. (NYSE:WMT) will announce its financial reports for the quarter ending July 2014 and the announcement will come just before the market opens. The expected EPS forecast for this quarter is $1.21 as compared to the expected forecast of $1.24 in the same quarter last year.

Tata Motors Ltd. (Natl India: TTMT) is also joining the group by releasing its earnings on August 11, 2014.

 

This article has been written by Prakash Pandey and edited by Serkan Ünal.
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