FedEx CorporationMentioned as having already reported fiscal May-quarter results, but no specific earnings surprise or detail given.
Zacks Investment Research has released its latest earnings preview, naming JPMorgan, Micron Technologies, FedEx, Nike, and Constellation Brands among the companies likely to issue earnings surprises. Total S&P 500 earnings are expected to increase by 23.7% in the June quarter from the same period last year on 11.4% higher revenues. The Q2 earnings season will gain momentum when JPMorgan and other major banks report on July 14, though the cycle has already begun with 13 S&P 500 members having reported fiscal May-quarter results, including Micron and FedEx. This week, four more companies with fiscal quarters ending in May are set to report, among them Nike and Constellation Brands. Aggregate earnings estimates for the S&P 500 have steadily moved higher since April, with the Energy sector seeing the most notable upgrade—estimates up more than 90%—while Transportation and Medical are among the sectors facing the most negative revisions.
FedEx CorporationMentioned as having already reported fiscal May-quarter results, but no specific earnings surprise or detail given.
JPMorgan Chase & CoNamed as one of the companies likely to issue earnings surprises, but no specific positive or negative detail.
Micron Technology IncMentioned as having already reported fiscal May-quarter results, but no specific earnings surprise or detail given.
Nike IncSet to report this week, but no specific earnings surprise or detail given.
Constellation Brands Inc Class ASet to report this week, but no specific earnings surprise or detail given.