Earnings Packed into Short Week


Monday

U.S.

Markets closed for Presidents’ Day

Canada

Markets closed for Family Day

Economic Lookahead

Wholesale trade (Dec.) Wholesale sales edged up 0.2% to $56.9 billion in November, a second consecutive increase.

Tuesday

Economic lookahead

Purchasing Managers Index Manufacturing Index—Flash (Feb.)

Featured Earnings

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) (Q2) EPS estimates of $2.13, compared to $1.91 in the prior-year quarter.

Ecolab Inc. (NYSE: ECL) (Q4) EPS estimates of $1.28, compared to $1.22 in the prior-year quarter. In early February, Ecolab closed on its previously announced acquisition of Laboratoires Anios. Based in Lille, France, Anios is a leading hygiene and disinfection products manufacturer primarily for the healthcare market.

Kaiser Aluminum Corporation (NASDAQ: KALU) (Q4) EPS estimates of $1.24, compared to 60 cents in the prior-year quarter.

La-Z-Boy Incorporated (NYSE: LZB) (Q3) EPS estimates of 45 cents, compared to 43 cents in the prior-year quarter. Early in February, the company announced plans to invest approximately $26 million over a three-year period in its largest U.S. manufacturing facility, located in Dayton, Tennessee.

Canada

Featured Earnings

Ritchie Bros. Auctioneers Incorporated (T.RBA) (Q4) EPS estimates of 26 cents, compared to 29 cents in the prior-year quarter.

Capital Power Corporation (T.CPX) Q4) EPS estimates of 28 cents, compared to 42 cents in the prior-year quarter.


Wednesday

U.S.

Economic lookahead

Redbook (Weekly)

Existing Home Sales (Jan.)

FOMC Minutes

Featured Earnings

Boston Beer Company Inc. (NYSE: SAM) (Q4) EPS estimates of $1.24, compared to $1.21 in the prior-year quarter. In early February, the company that announced that Martin Roper, President and Chief Executive Officer, plans to retire in 2018 after leading the Company for more than 17 years.

Garmin Ltd. (NASDAQ: GRMN) (Q4) EPS estimates of 58 cents, compared to 74 cents in the prior-year quarter.

L Brands Inc. (NYSE: LB) (Q4) EPS estimates of $1.90, compared to $2.15 in the prior-year quarter.

ONE Gas Inc. (NYSE: OGS) (Q4) EPS estimates of 78 cents, compared to 74 cents in the prior-year quarter.

Canada

Economic lookahead

Retail Trade (Dec.) Retail sales rose for the fourth consecutive month, edging up 0.2% to $45.2 billion in November.

Featured Earnings

Lundin Mining Corporation (T.LUN) (Q4) EPS estimates for gain of five cents, compared to a loss of 12 cents in the prior-year quarter.

Thursday

U.S.

Economic lookahead

FHFA House Price Index (Dec.)

PMI Services – Flash (Feb.)

EIA Petroleum Report (Feb. 14-20)

Jobless Claims (Feb. 16-22)

Federal Balance Sheet

Money Supply

Featured Earnings

2U Inc. (NASDAQ: TWOU) (Q4) EPS estimates for loss of six cents, compared to loss of seven cents in the prior-year quarter.

Bio-Rad Laboratories Inc. (NYSE: BIO) (Q4) EPS estimates of $1.00, compared to $1.68 in the prior-year quarter.

Herbalife Ltd. (NYSE: HLF) (Q4) EPS estimates of 92 cents, compared to $1.19 in the prior-year quarter.

Kohl's Corporation (NYSE: KSS) (Q4) EPS estimates of $1.33, compared to $1.58 in the prior-year quarter.

Canada

Economic lookahead

Average Weekly Earnings (Dec.) Average weekly earnings of non-farm payroll employees were $961 in November, up 0.8% from both the previous month and November 2015.

Featured Earnings

Cott Corporation (T.BCB) (Q4) EPS estimates for loss of five cents, compared to a gain of three cents in the prior-year quarter.

Northland Power Inc. (T.NPI) (Q4) EPS estimates of 49 cents, compared to seven cents in the prior-year quarter.

Canadian Imperial Bank Of Commerce (T.CM) (Q1) EPS estimates of $2.59, compared to $2.55 in the prior-year quarter.
Loblaw Companies Limited (T.L) (Q4) EPS estimates of 98 cents, compared to 88 cents in the prior-year quarter. In January, Loblaw and George Weston announced the following management changes: Galen G. Weston has been appointed Chairman and Chief Executive Officer (CEO) of George Weston Limited.

Weston will continue in his role as Chairman and CEO of Loblaw. Paviter S. Binning will be leaving George Weston and has been appointed Special Advisor to the Weston family at its private company Wittington Investments, Limited. Luc Mongeau has been appointed President, Weston Foods. Sarah Davis has been appointed President, Loblaw.

Pembina Pipeline Corporation (T.PPL) Q4) EPS estimates of 34 cents, compared to 32 cents in the prior-year quarter. In early February, Pembina announced that its Board of Directors declared a common share cash dividend for February 2017 of $0.16 per share to be paid, subject to applicable law, on March 15, to shareholders of record on February 25

CCL Industries Inc. (T.CCL.B) (Q4) EPS estimates of $2.60, compared to $2.14 in the prior-year quarter. In early February, CCL announced that the Pacman-CCL joint venture, headquartered in Dubai, has signed a binding agreement to acquire a 70% stake in privately owned Super Label Mfg. Co., based in Mumbai, India.

Crescent Point Energy Corp. (T.CPG) (Q4) EPS estimates for loss of six cents, compared to 41 cents in the prior-year quarter.

Friday

U.S.

Economic lookahead

New Home Sales (Jan.)

Consumer Sentiment (Feb.)

Featured Earnings

E.W. Scripps Company (NYSE: SSP) (Q4) EPS estimates of 44 cents, compared to nine cents in the prior-year quarter.

Foot Locker Inc. (NYSE: FL) (Q4) EPS estimates of 44 cents, compared to nine cents in the prior-year quarter.

J.C. Penney Company Inc. (NYSE: JCP) (Q4) EPS estimates of 62 cents, compared to 39 cents in the prior-year quarter.

VWR Corporation (NASDAQ: VWR) (Q4) EPS estimates of 44 cents, compared to 47 cents in the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (Jan.) CPI rose 1.5% on a year-over-year basis in December, following a 1.2% increase in November. On a seasonally adjusted monthly basis, CPI was up 0.3% in December, after decreasing 0.1% in November.

Featured Earnings

Husky Energy Inc. (T.HSE) (Q4) EPS estimates for loss of one cent, compared to a loss of five cents in the prior-year quarter.

Royal Bank of Canada (T.RY) (Q1) EPS estimates of $1.77, compared to $1.66 in the prior-year quarter.

Magna International Inc. (T.MG) (Q4) EPS estimates of $1.35 compared to $1.22 in the prior-year quarter.

Enerplus Corporation (T.ERF) (Q4) EPS estimates for a gain of five cents compared to a loss of $3.03 in the prior-year quarter.