Investors Look to Canadian Job Figures

Monday

U.S.

Economic Lookahead

Factory Orders (Jan.)

Featured Earnings

Ascena Retail Group Inc. (NASDAQ: ASNA) (Q2) EPS estimates for loss of 10 cents, compared to a gain of one cent in the prior-year quarter.

Global Brass and Copper Holdings, Inc. (NYSE:BRSS) (Q4) EPS estimates of 38 cents, compared to a 24 cents in the prior-year quarter. In mid-February, the company announced price increases on its portfolio of high-performance and complex alloy products. The base fabrication charges will increase by $.10 per pound, with the more complex and cost intensive light gauge products (less than .015”) increasing by $0.25 per pound.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (Q4) EPS estimates of 32 cents, compared to 34 cents in the prior-year quarter.


Tuesday

Economic lookahead

International Trade (Jan.)

Consumer Credit (Jan.)

Gallup U.S. Economic Confidence Index (Feb.)

Redbook (Weekly)


Featured Earnings

Brown Forman Inc (NYSE: BF.B) (Q4) EPS estimates of 48 cents, compared to 47 cents in the prior-year quarter.

H&R Block Inc. (NYSE: HRB) (Q4) EPS estimates of loss of 45 cents, compared to a loss of 34 cents in the prior-year quarter.

Momo Inc. (NASDAQ: MOMO) (Q4) EPS estimates of 31 cents, compared to three cents in the prior-year quarter.


Canada

Economic lookahead

Canadian international merchandise trade (Jan.) Canada's merchandise trade balance with the world recorded its second consecutive monthly surplus, narrowing from a revised $1.0 billion in November to $923 million in December. Exports were up 0.8% while imports increased 1.0%.

Ivey Purchasing Managers Index (PMI) (Feb.) The Index hit 57.2 in January, down from the 60.8 figure in December, and 66 in January 2016.

Featured Earnings

Linamar Corporation (T.LNR) (Q4) EPS estimates of $1.66, compared to $1.45 in the prior-year quarter.

Tourmaline Oil Corp. (T.TOU) (Q4) EPS estimates of 17 cents, compared to 16 cents in the prior-year quarter. In late February, Tourmaline announced another successful calendar year, with proved plus probable reserves increased to 1,746.8 mmboe during 2016, a 58% increase over 2015 reserves of 1,108.3 mmboe and a 64% increase (34% per diluted share) before taking into account annual production of 68.0 mmboe. Total proved reserves increased 44% and proved developed producing reserves increased 60% over 2015 before taking into account annual production of 68.0 mmboe.

Whitecap Resources Inc. (T.WCP) EPS estimates for gain of four cents, compared to a loss of 21 cents in the prior-year quarter. In February, Whitecap announced a cash dividend of $0.0233 per common share, to be paid on March 15, to shareholders of record on February 28.

Wednesday

U.S.

Economic lookahead

EIA Petroleum Report (Feb. 28- Mar. 5)

ADP Employment Report (Feb.)

Productivity and Costs (Q4) Productivity measures the growth of labour efficiency in producing the economy's goods and services. Unit labour costs reflect the labor costs of producing each unit of output. Both are followed as indicators of future inflationary trends.

Wholesale Trade (Jan.)

Featured Earnings

Bob Evans Farms Inc. (NASDAQ: BOBE) (Q3) EPS estimates of 72 cents, compared to 62 cents in the prior-year quarter. Bob Evans President, BEF Foods, Mike Townsley and Chief Administrative and Chief Financial Officer, Mark Hood will host investor meetings at two upcoming conferences: UBS Global Consumer Conference in Boston on Thursday, March 9, at the Four Seasons Hotel; and Bank of America Merrill Lynch Consumer & Retail Conference in New York City on Tuesday, March 14, at the Lotte New York Palace Hotel.

Express Inc. (NYSE: EXPR) (Q4) EPS estimates of 29 cents, compared to 67 cents in the prior-year quarter. In late February, Express launched a contest with Express Brand Ambassador and Creative Consultant, Karlie Kloss, encouraging innovators, game changers and go-getters to submit an Instagram video showcasing how they live their best life. In all, 10 winning contestants will walk in an upcoming runway show that will take place on Thursday, March 30, in Karlie Kloss' hometown of St. Louis, Missouri.

Semtech Corporation (NASDAQ: SMTC) (Q4) EPS estimates of 26 cents, compared to 10 cents in the prior-year quarter.

Canada

Economic lookahead

Building permits (Jan.) Municipalities issued $7.2 billion worth of building permits in December, down 6.6% from November.

Featured Earnings

Seven Generations Energy Ltd. (T.VII) (Q4) EPS estimates for gain of 15 cents, compared to a loss of 11 cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Jobless Claims (Mar. 1-7)

Import, Export Prices (Feb.)

Federal Balance Sheet

Money Supply

Featured Earnings

Autobytel Inc. (NASDAQ: ABTL) (Q4) EPS estimates of 22 cents, compared to 30 cents in the prior-year quarter.

El Pollo Loco Holdings Inc. (NASDAQ: LOCO) (Q4) EPS estimates of 22 cents, compared to 30 cents in the prior-year quarter.

Marcus & Millichap Inc. (NYSE: MMI) (Q4) EPS estimates of 44 cents, compared to 51 cents in the prior-year quarter.

Canada

Economic lookahead

New Housing Price Index (Jan.) The New Housing Price Index edged up 0.1% in December compared with the previous month, largely reflecting price increases in Ontario and Alberta.


Featured Earnings

Element Fleet Management Corp. (T.EFN) (Q4) EPS estimates of 24 cents, compared to 33 cents in the prior-year quarter.

Tahoe Resources Inc. (T.THO) (Q4) EPS estimates for loss of three cents, compared to a loss of 12 cents in the prior-year quarter.

Canadian Energy Services & Technology Corp. (T.CEU) (Q4) EPS estimates for the company to break even this quarter, compared to a loss of 18 cents in the prior-year quarter.

Intertape Polymer Group Inc. (T.ITP) (Q4) EPS estimates of 24 cents, compared to 31 cents in the prior-year quarter. This winter, Intertape Polymer Group announced the centennial celebration of two major brands: Better Packages tape dispensers and Central water-activated tape.

Friday

U.S.

Economic lookahead

Employment Situation (Feb.)

Treasury Budget (Feb.)

Featured Earnings

Kirkland's Inc. (NASDAQ: KIRK) (Q4) EPS estimates of 80 cents, compared to 97 cents in the prior-year quarter.

Citi Trends Inc. (NASDAQ: CTRN) (Q4) EPS estimates of 36 cents, compared to 24 cents in the prior-year quarter.

Vail Resorts Inc. (NYSE: MTN) (Q2) EPS estimates of $3.45, compared to $3.14 in the prior-year quarter.


Canada

Economic lookahead

Labour Force Survey (Feb.) Employment rose by 48,000, or 0.3%, in January. Thus the unemployment rate fell by 0.1 percentage points to 6.8%.