Focus on Banks Next Week

Monday

U.S.

Featured Earnings

Premier Inc (NASDAQ: PINC) (Q4) EPS estimates of 33 cents, compared to 21 cents in prior-year quarter. In mid-August, Premier purchased health-care provider CECity for $400 million

Tuniu Corp (NASDAQ: TOUR) (Q2) EPS estimates for loss of 51 cents, compared to a loss of seven cents in prior-year quarter.

Tuesday

U.S.

Economic lookahead

FHFA House Price Index (June)

S&P Case-Shiller Index HPI (June)

New Home Sales (July)

Consumer Confidence (August)

Redbook (Weekly)

Featured Earnings

Best Buy Co. Inc. (NYSE: BBY) (Q3) EPS estimates of 34 cents, compared to 44 cents in prior-year quarter.

Children's Place Inc. (NASDAQ: PLCE) (Q2) EPS estimates for loss of 33 cents, compared to loss of 37 cents in prior-year quarter.

Toll Brothers Inc. (NYSE: TOL) (Q3) EPS estimates of 50 cents, compared to 53 cents in prior-year quarter.


Canada

Featured Earnings

Bank of Montreal (T.BMO) (Q3) EPS estimates of $1.73, identical to prior-year quarter.

Bear Creek Mining Corporation (T.BCM) (Q2) EPS estimates for loss of two cents, compared to loss of four cents in prior-year quarter.

Marquee Energy Ltd. (T.MQL) (Q2) EPS estimates for loss of one cent, compared to gain of one cent in prior-year quarter. In mid-August, Marquee closed its previously announced strategic acquisition and accompanying facility financing to further consolidate its core Michichi area.

Wednesday

U.S.

Economic lookahead

Durable Goods Orders (July)

EIA Petroleum Status Report (Aug.18-24)

PMI Services Flash (August)

FOMC Minutes

Featured Earnings

Abercrombie & Fitch Co. (NYSE: ANF) (Q2) EPS estimates for loss of eight cents, compared to gain of 19 cents in the prior-year quarter. In mid-August, ANF announced a new brand leadership team who will collectively help drive the A&F brand forward.

Brown-Forman Corp. (NYSE: BF.B) (Q1) EPS estimates of 74 cents, compared to 70 cents in the prior-year quarter.

Guess? Inc. (NYSE: GES) (Q2) EPS estimates of 15 cents, compared to 26 cents in the prior-year quarter. In July, co-founder Paul Marciano stepped down as Guess' CEO. Marciano, also currently vice chairman, has remained since with the company as executive chairman and chief creative officer. Current chairman Maurice Marciano (Paul's brother) was named chairman emeritus.
Canada

Featured Earnings

Royal Bank of Canada (T.RY) (Q3) EPS estimates of $1.67, compared to $1.64 in the prior-year quarter.

Madalena Energy Inc. (T.MVN) (Q2) EPS estimates of breakeven, compared to loss of one cent in the prior-year quarter.

Canadian Western Bank (T.CWB) (Q3) EPS estimates of 67 cents, compared to 70 cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Gross Domestic Product (Q2 preliminary)

Pending Home Sales (July)

Weekly jobless claims (Aug. 18-24)


Featured Earnings

Aeropostale Inc. (NYSE: ARO) (Q2) EPS estimates for loss of 56 cents, compared to loss of 46 cents in the prior-year quarter.

J.M. Smucker Co. (NYSE: SJM) (Q1) EPS estimates of $1.22, compared to $1.34 in the prior-year quarter.

Smith & Wesson Holding Corp (NASDAQ: SWHC) (Q1) EPS estimates of 22 cents, compared to 26 cents in the prior-year quarter.


Canada

Featured Earnings

Canadian Imperial Bank of Commerce (T.CM) (Q3) EPS estimates of $2.32, compared to $2.23 in the prior-year quarter.

Friday

U.S.

Economic lookahead

Personal Income and Outlays (July)

Consumer Sentiment (August)

Featured Earnings

Canada

Economic lookahead

Industrial Product Price Index (July) This index increased 0.5% in June, mainly because of higher prices for energy and petroleum products and motorized and recreational vehicles.

Raw Materials Price Index (July) This index was unchanged in June, as lower prices for metal ores, concentrates and scrap were mostly offset by higher prices for crude energy products.

Featured Earnings

Bank of Nova Scotia (T.BNS) (Q3) EPS estimates of $1.45, compared to $1.41 in the prior-year quarter.

National Bank of Canada (T.NA) (Q3) EPS estimates of $1.19, compared to $1.20 in the prior-year quarter. Early in August, National announced a new management fee reduction plan. Starting in November, certain investors holding Advisor, F, F5, FT, T and T5 series may become eligible for management fee reductions based on the size of their investment in one or more Meritage Portfolios and National Bank Mutual Funds.

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