Peyto, Horizon in Focus Next Week
Monday
U.S.
Economic lookahead
Labour Market Conditions Index (April)
Featured Earnings
Armstrong World Industries Inc (NYSE: AWI) (Q1) EPS estimates of 46 cents, compared to 37 cents in the prior-year quarter.
Coherus BioSciences Inc (NASDAQ: CHRS) (Q1) EPS estimates for loss of $1.42, compared to loss of $1.22 in the prior-year quarter.
Horizon Pharma Plc (NASDAQ: HZNP) (Q1) EPS estimates of 38 cents, compared to 16 cents in the prior-year quarter. This week, Horizon announced it received three additional Notice of Allowances from the United States Patent and Trademark Office for applications covering Horizon's U.S. approved medicine PENNSAID®
Canada
Economic lookahead
Housing Starts (April) Canada Mortgage and Housing Corp showed the seasonally-adjusted annualized rate of housing starts fell to 204,251 units in March from an upwardly revised 219,077 units in February. Forecasters had expected 190,000 starts.
Featured Earnings
Inter Pipeline Ltd. (T.IPL) (Q1) EPS estimates of 35 cents, compared to 34 cents in the prior-year quarter.
Tuesday
U.S.
Economic lookahead
JOLTS (Mar.) This is the U.S. Labor Department’s Job Openings and Labour Turnover Survey. The headline number is job openings.
Wholesale Trade (Mar.)
Redbook (Weekly)
Featured Earnings
Electronic Arts Inc. (NASDAQ: EA) (Q4) EPS estimates of 30 cents, compared to 27 cents in the prior-year quarter.
Dean Foods Co. (NYSE: DF) (Q1) EPS estimates of 38 cents, compared to 24 cents in the prior-year quarter.
Jazz Pharmaceuticals Plc (NASDAQ: JAZZ) (Q1) EPS estimates of $1.31, compared to $1.65 in the prior-year quarter.
Canada
Featured Earnings
George Weston Limited (T.WN) (Q1) EPS estimates of $1.31, compared to $1.19 in the prior-year quarter.
Kinross Gold Corporation (T.K) (Q1) EPS estimates for loss of one cent, compared to a gain of one cent in the prior-year quarter.
Keyera Corp. (T.KEY) (Q1) EPS estimates of 42 cents, compared to 44 cents in the prior-year quarter.
Peyto Exploration & Development Corp. (T.PEY) (Q1) EPS estimates of 17 cents, compared to 29 cents in the prior-year quarter. Late in April, Peyto entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and First Energy Capital Corp., under which the underwriters have agreed to buy 4,687,500 common shares of the Company and sell to the public at a price of $32.00 per Common Share, representing an aggregate amount of $150,000,000.
Wednesday
U.S.
Economic lookahead
ADP
EIA Petroleum Status Report (May 2-8)
Treasury Budget (April)
Featured Earnings
Macys Inc. (NYSE: M) (Q1) EPS estimates of 37 cents, compared to 56 cents in the prior-year quarter.
NetEase Inc (NASDAQ: NTES) (Q1) EPS estimates of $2.31, compared to $1.55 in the prior-year quarter. Late in April, NetEase announced the launch of Tome of the Sun, an action-packed mobile RPG, on iOS and Android devices. Featuring chibi-style characters and an art style reminiscent of Japanese animation, Tome of the Sun combines fast-paced gameplay, deep customization of characters, evolving pet companions, and real-time multiplayer gameplay.
Wendys International Inc. (NASDAQ: WEN) (Q1) EPS estimates of six cents, identical to the prior-year quarter. In mid-April, the fast-food chain announced that Gunther Plosch, a 16-year veteran of the Kellogg Company, would become the Company's Chief Financial Officer following a transition period during the month of May.
Canada
Featured Earnings
Sun Life Financial Inc. (T.SLF) (Q1) EPS estimates of 91 cents, compared to 84 cents in the prior-year quarter. This week, Sun Life announced it had set up a special hotline and process for its clients and employees who have been impacted by the destruction caused by wildfires in Fort McMurray, Alberta. In addition, Sun Life Financial will be providing a corporate donation of $100,000 to the Canadian Red Cross to help residents who have been evacuated and have lost their homes, businesses, and livelihood.
Element Financial Corporation (T.EFN) (Q1) EPS estimates of 35 cents, compared to 21 cents in the prior-year quarter.
Thursday
U.S.
Economic lookahead
Import, Export Prices (April)
Weekly jobless claims (May 1-7)
Federal Balance Sheet
Money Supply
Featured Earnings
Harvard Bioscience Inc. (NASDAQ: HBIO) (Q4) EPS estimates of three cents, compared to one cent in the prior-year quarter.
Medley Management Inc (NYSE: MDLY) (Q1) EPS estimates of 17 cents, compared to 25 cents in the prior-year quarter.
NVIDIA Corp (NASDAQ: NVDA) (Q1) EPS estimates of 31 cents, compared to 24 cents in the prior-year quarter.
Canada
Economic lookahead
New Housing Price Index (Mar.) The New Housing Price Index rose 0.2% in February, following a 0.1% increase in January.
Featured Earnings
Canadian Tire Corporation Limited (T.CTC.A) (Q1) EPS estimates of 85 cents, compared to 88 cents in the prior-year quarter.
Enbridge Inc. (T.ENB) (Q1) EPS estimates of 64 cents, compared to 56 cents in the prior-year quarter.
Power Financial Corporation (T.PWF) (Q1) EPS estimates of 77 cents, compared to 79 cents in the prior-year quarter.
Crescent Point Energy Corp. (T.CPG) (Q1) EPS estimates for loss of eight cents, compared to loss of 10 cents in the prior-year quarter.
Friday
U.S.
Economic lookahead
Retail Sales (April)
Producer Price Index – Final Demand (April)
Business Inventories (Mar.)
Consumer Sentiment (May)
Featured Earnings
IEC Electronics (NYSE MKT: IEC) (Q2) EPS estimates for gain of 10 cents, compared to loss of 55 cents in the prior-year quarter.
J.C. Penney Co. Inc. (NYSE: JCP) (Q1) EPS estimates for loss of 39 cents, compared to loss of 57 cents in the prior-year quarter.
Pioneer Power Solutions Inc (NASDAQ: PPSI) (Q1) EPS estimates of 11 cents, compared to three cents in the prior-year quarter.
Canada
Featured Earnings
Brookfield Asset Management Inc. (T.BAM.A) (Q1) EPS estimates of 38 cents, compared to 73 cents in the prior-year quarter. In mid-April, Brookfield announced that it held the final close on Brookfield Strategic Real Estate Partners II with $9.0 billion U.S. of equity commitments, creating a global opportunistic real estate fund that will invest in a diversified portfolio of high-quality property assets in North America, Europe, Australia, Brazil and other select markets.
Power Corporation of Canada (T.POW) (Q1) EPS estimates of 75 cents, identical to the prior-year quarter.
