3 Hot Stocks Announcing Earnings After the Bell

Bed Bath & Beyond, Inc. (NASDAQ:BBBY) will unveil its latest earnings on Wednesday, December 21, 2011. The average estimate of analysts is for net income of 88 cents per share, a rise of 18.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 88 cents during the last month. For the year, analysts are projecting profit of $3.83 per share, a rise of 24.8% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of 93 cents per share against a mean estimate of profit of 84 cents per share. On average, analysts predict $2.35 billion in revenue this quarter, a rise of 7.3% from the year ago quarter. Analysts are forecasting total revenue of $9.44 billion for the year, a rise of 7.8% from last year’s revenue of $8.76 billion.

Competitors to Watch: Kirkland’s, Inc. (NASDAQ:KIRK), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Micron Technology, Inc. (NASDAQ:MU) will unveil its latest earnings on Wednesday, December 21, 2011. The average estimate of analysts is for net loss of 6 cents per share, a swing from profit of 24 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 10 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 4 cents during the last month. Analysts are projecting profit to rise by 57.1% versus last year to 12 cents.

The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported a loss of 13 cents per share against an estimate of net income of one cent per share. The quarter before that, it missed forecasts by 8 cents. Analysts are projecting a decline of 3.6% in revenue from the year-earlier quarter to $2.17 billion.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), Spansion Inc. (NYSE:CODE), SanDisk Corporation (NASDAQ:SNDK), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), SMART Modular Tech. (WWH), Inc. (NASDAQ:SMOD), MoSys Inc. (NASDAQ:MOSY), LOGIC Devices Incorporated (NASDAQ:LOGC), Netlist, Inc. (NASDAQ:NLST), GSI Technology, Inc. (NASDAQ:GSIT), and Integrated Device Tech., Inc. (NASDAQ:IDTI).

TIBCO Software, Inc. (NASDAQ:TIBX) will unveil its latest earnings on Wednesday, December 21, 2011. The average estimate of analysts is for profit of 30 cents per share, a rise of 15.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 19% versus last year to 75 cents.

Last quarter, the company reported net income of 17 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters. Analysts are projecting a rise of 16.6% in revenue from the year-earlier quarter to $281.3 million.

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Progress Software Corp. (NASDAQ:PRGS), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), MicroStrategy Incorporated (NASDAQ:MSTR), SAP AG (NYSE:SAP), Microsoft Corporation (NASDAQ:MSFT), Red Hat, Inc. (NYSE:RHT), and Sybase, Inc. (SY).