There are few major companies reporting earnings this week, but a couple of major retailers could provide some insights into the sector as they discuss past earnings as well as the current holiday shopping seasons.
Sears Holding Corp. has suffered a malaise along with the rest of the retail sector. The stock is off 26.9 percent from its 52-week high of $163.50 on July 20, closing Friday at $119.50. The company is expected to post a profit of 28 cents per share when it reports earnings Tuesday morning, down from 59 cents a year ago.
On Thursday, discounter Costco Wholesale Corp. is expected to report earnings of 44 cents per share, up from 40 cents per share a year ago. The stock has fared better than Sears, up 24.9 percent from a 52-week low of $39.48 on April 22. Costco closed Friday at $49.34.
Investors will also get a fresh gauge on the housing market when Toll Brothers Inc. reports earnings Thursday. Despite a wave of investor interest in housing stocks, Toll Brothers has dropped 39.3 percent from its 52-week high of $58.67 on July 20, closing Friday at $35.63. The home builder is expected to earn $1.63 per share, up from $1.11 per share last year.
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