It’s not a perfect world out there for investors, but things may be starting to get better.
Seeing just 88,000 nonfarm payrolls added in March was a disappointment, but there was a reason that there was chatter earlier in the week indicating that the Fed may be able to put an end to quantitative easing sooner rather than later.
I recently went over some of the companies that are expected to post lower quarterly profits when they report this week. Thankfully, they’re the exceptions and not the rule.
Let’s go over some publicly traded companies that are expected to stand tall this week by posting year-over-year improvement on the bottom line.
|Company||Latest-Quarter EPS (estimated)||Year-Ago Quarter EPS|
|Fastenal Company (NASDAQ:FAST)||$0.37||$0.34|
|Titan Machinery Inc. (NASDAQ:TITN)||$0.92||$0.84|
|JinkoSolar Holding Co., Ltd. (NYSE:JKS)||($0.80)||($2.58)|
|Bed Bath & Beyond Inc. (NASDAQ:BBBY)||$1.68||$1.48|
|Rite Aid Corporation (NYSE:RAD)||($0.02)||($0.18)|
Clearing the table
Let’s start at the top with Fastenal Company (NASDAQ:FAST). The maker of fasteners for the industrial and construction industries is expected to post a 9% increase in earnings when it reports on Wednesday.
Fastenal Company (NASDAQ:FAST) is generous enough to provide investors with monthly sales data. That was a flattering metric until recently, posting double-digit year-over-year growth for 29 consecutive quarters. That streak came to an end this past October, where growth has remained positive but is now growing in the single digits.
Titan Machinery Inc. (NASDAQ:TITN) is another company projected to post improving net income. The retailer of agricultural and construction equipment is now up to 106 stores throughout North America. It also has 13 stores scattered around Romania, Bulgaria, and now Serbia.
Wall Street sees bottom-line improvement at Titan Machinery Inc. (NASDAQ:TITN), but investors have a right to worry. Titan has come up short on the bottom line in two of its past three quarters.