Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies.
Please check back often. This earnings calendar is updated weekly.
Monday (12/12)Tuesday (12/13)Wednesday (12/14)Thursday (12/15)Friday (12/16)(Editor’s Note: Earnings dates in tables are tentative. However, companies featured in “Earnings Spotlights” have officially announced their earnings dates.)
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Earnings Calendar HighlightsMONDAYEarnings Spotlight: OracleOracle (ORCL, $80.07) will announce its fiscal second-quarter earnings results after Monday’s close. Analysts, on average, expect the cloud software company to unveil earnings of $1.18 per share, down 2.5% year-over-year (YoY), and revenue of $12.0 billion (+16.2% YoY).
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“Oracle continues to execute on its cloud strategy,” says William Blair analyst Sebastien Naji. However, the analyst remains “apprehensive” that several new initiatives from Oracle, including plans to “drive more interconnectedness across databases, public cloud environments, and enterprise applications,” will “have little material impact on accelerating top-line growth.”
Naji is also concerned that heavy investments in Oracle’s infrastructure cloud platform (OCI) and the integration of healthcare IT firm Cerner, which ORCL acquired earlier this year, will weigh on margins over the next 12 months. The analyst has a Market Perform rating on ORCL stock, or the equivalent of a Hold.
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateCoupa SoftwareCOUP$0.10 per share TUESDAYNoteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateABM Industries ABM$0.88 per shareCore & MainCNM$0.55PhotronicsPLAB$0.48WEDNESDAYEarnings Spotlight: LennarLennar (LEN (opens in new tab), $89.43) will release its fiscal fourth-quarter earnings report after the Dec. 14 close. Homebuilders have been hit hard by the Federal Reserve’s aggressive efforts to tamp down inflation, and LEN stock, specifically, is off 23% for the year-to-date.
Still, the analysts’ average estimates for Lennar’s fiscal Q4 are for earnings of $4.91 per share (+25.6% YoY) and revenue of $10.1 billion (+19.8% YoY). And the vast majority of Wall Street remains upbeat toward the housing stock, as evidenced by a consensus recommendation of Buy, according to S&P Global Market Intelligence.
“With housing affordability likely to be deeply challenged for the foreseeable future, we believe LEN stands among a select group of builders poised to take significant market share,” says Raymond James analyst Buck Horne, due in part to rapid pricing adjustments, significant cost reductions and efforts to capitalize on single-family rental demand. Be that as it may, Horne adds that he “cannot sugarcoat the difficult period ahead for new home sales, as the emergence of 6.5%+ mortgage rates has driven implied payment/ income ratios to the highest readings since 2006.”
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateMitek SystemsMITK$0.20 per shareNordsonNDSN$2.33REV GroupREVG$0.26Trip.com GroupTCOM$1.29THURSDAYNoteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateJabilJBL$2.24 per shareFRIDAYEarnings Spotlight: Darden RestaurantsDarden Restaurants (DRI (opens in new tab), $143.77) will report its fiscal second-quarter results ahead of Friday’s open. Raymond James analyst Brian Vaccaro is bullish on DRI ahead of earnings, giving the stock an Outperform (Buy) rating.
“Third party traffic data suggests that Olive Garden comparables have accelerated in recent months supported by the return of its popular Never Ending Pasta (NEP) promotion (ran 10/3-11/20),” Vaccaro writes in a note to clients. As such, the analyst is targeting earnings of $1.53 per share for Darden’s fiscal second quarter, above what he calls a “stale” consensus estimate.
As for those consensus estimates, analysts, on average, expect DRI to report earnings per share of $1.43 (-3.4% YoY) and revenue of $2.4 billion (+6.7% YoY).
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateAccentureACN$2.93 per shareWinnebagoWGO$1.76Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Refinitiv via Yahoo! Finance, and S&P Global Market Intelligence via Briefing.com.