Upcoming Earnings Coverage during this Week on Nike, Monsanto, General Mills, Micron Technology

LONDON, UK / ACCESSWIRE / June 27, 2016 / ActiveWallSt.com announces its upcoming earnings coverage as a number of major companies are set to announce their quarterly results throughout this week. Analysts’ consensus estimates and the trading history used below have been taken from Yahoo! Finance. Please note that the earnings and revenue estimates may change ahead of the formal announcement, while some companies might also alter their reporting dates. Register with us now for your free membership and see our complete earnings coverage on this equity at:

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Today, ActiveWallSt.com is announcing its upcoming post-earnings coverage on Nike, Inc. (NYSE: NKE), Monsanto Co. (NYSE: MON), General Mills Inc. (NYSE: GIS) and Micron Technology, Inc. (NASDAQ: MU) Get all of our free coverage by signing up to http://www.activewallst.com/register/.

With the global markets still in turmoil after the shockwave results of the British Referendum which saw the U.K. leaving the European Union, ActiveWallSt.com looks at the companies below:

Earnings Preview – Nike, Inc.

Footwear Giant Nike, Inc. (NYSE: NKE) is scheduled to announce its Q4 Fiscal 2016 results on Tuesday, June 28, 2016 after the market close. Analysts’ consensus estimate for Q4 FY16 earnings is $0.47 per share on revenue of $8.27 billion. In its Q3 FY16 earnings announced on March 22, 2016, Nike topped earnings expectation; however the company disappointed investors with forecast well below estimates. The stock has a consensus analyst price target of $71.05 and is trading 24.35 times its trailing twelve month P/E ratio.

Since its previous earnings release, Nike’s stock is down 14.01%. For the year, the stock is up 1.01%.

Earnings Preview – Monsanto Co

Monsanto Co. (NYSE: MON) is expected to announce Q3 fiscal 2016 results on Wednesday, June 29, 2016. Analysts’ consensus estimate for Q3 FY16 earnings is $2.42 per share on revenue of $4.50 billion. For the seeds and agrochemicals company, this will be the first earnings results since it rejected the $62 billion acquisition offer from Bay AG in May 2016. Investors would be keen to know whether the deal can still go through. Monsanto has a consensus price target of $104.80 and is trading 33.01 times its trailing twelve month P/E ratio.

Since its previous earnings release on April 6, 2016, Monsanto’s stock has advanced 15.55%. Additionally, the stock is up 6.89% since the beginning of the year as compared to the S&P 500 which is down 0.32% during the same time frame.

Earnings Preview – General Mills Inc.

On Wednesday, Cheerios cereals and Yoplait maker General Mills Inc. (NYSE: GIS) is scheduled to report its Q4 fiscal 2016 earnings results premarket on Wednesday, June 29, 2016. Analysts’ consensus estimate for Q4 FY16 earnings is $0.60 per share on revenue of $3.86 billion. During the year ago period, the company had earnings of $0.75. General Mills is grappling with declining revenue as a result of a slowdown in cereal sales and strong U.S. dollar. General Mills has a consensus price target of $61.800 and is trading 27.03 times its trailing twelve month P/E ratio.

Since its previous earnings release on March 23, 2016, General Mills’ share price has gained 7.66%, while the stock is up 16.44% since the beginning of the year.

Earnings Preview – Micron Technology, Inc.

Chipmaker Micron Technology, Inc. (NASDAQ: MU) is set to report its Q3 fiscal 2016 earnings results on Thursday, June 30, 2016. Analysts’ consensus estimate for Q3 FY16 is net loss of $0.09 per share on revenue of $2.96 billion. Micron has been struggling with weak demand for its chips amid a slowdown in personal computer. Investors would look forward to company’s insights regarding chip demand and inventory for 2016. Micron has a consensus price target of $15.00 and is trading 13.70 times its trailing twelve month P/E ratio.

Since its previous earnings release on March 30, 2016, Micron Technology’s stock has gained 27.26.

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