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.
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.
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.