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 (12/19)Tuesday (12/20)Wednesday (12/21)Thursday (12/22)Friday (12/23)(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 HighlightsMONDAYNoteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateHeicoHEI/a>$0.69 per shareSteelcaseSCS/a>$0.18TUESDAYEarnings Spotlight: NikeNike (NKE (opens in new tab), $108.51) will report its fiscal second-quarter earnings after Tuesday’s close. Analysts, on average, expect the athletic footwear and apparel retailer to report earnings per share (EPS) of 65 cents for the three-month period, a 21.7% year-over-year (YoY) decline. Revenue is forecast to arrive at $12.6 billion, + 10.6% YoY.
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“It will be important for Nike to calm market concerns that heavy inventories pushed into the channel lately won’t pressure U.S. revenues in its fiscal second-half,” says Credit Suisse (opens in new tab) analyst Michael Binetti, who has an Outperform (Buy) rating on the Dow Jones stock. “Beyond that, China re-opening + Nike’s stabilizing market share after two years of losses could amplify a slingshot of revenue growth in that important market after fiscal 2023.” Binetti adds that demand checks across the U.S. remain strong despite a tough retail environment, and that NKE remains a “must-own” consumer discretionary stock.
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateBlackBerry BB-$0.07 per shareCalavo GrowersCVGW$0.32FactSet FDS$3.63FuelCell Energy FCEL-$0.07General MillsGIS$1.06NeogenNEOG$0.14Worthington IndustriesWOR$0.61WEDNESDAYEarnings Spotlight: Micron Technology Semiconductor stocks have had it rough in 2022, and Micron Technology (MU (opens in new tab), $52.04) is no exception, down more than 44% for the year-to-date. Can the memory chip maker’s fiscal first-quarter earnings, due out after the Dec. 21 close, give shares a much-needed boost?
On one hand, “we believe Micron is taking prudent actions to contain further excessive build-up of inventory on its balance sheet,” says Stifel (opens in new tab) analyst Brian Chin (Hold). On the other hand, “there does seem to be reluctance on the part of key memory suppliers (most notably Samsung, as well as SK Hynix) to clearly capitulate on capacity/production in calendar year 2023.” This, Chin adds, could keep supplier inventory elevated and undermine average selling price leverage. As a result, the analyst recently took fiscal Q1 estimates to the low end of guidance, “heeding management’s update that pricing was eroding faster than originally anticipated.”
For Micron’s fiscal Q1, consensus estimates are for earnings to be flat on a per-share basis, compared to EPS of $2.16 in the year-ago period. Revenue is expected to land at $4.1 billion (-46.4% YoY).
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateCintas CTAS$3.03 per shareMillerKnollMLKN$0.42Rite AidRAD-$0.31ToroTTC$0.42THURSDAYEarnings Spotlight: CarMaxWhile CarMax’s (KMX (opens in new tab), $65.39) 2022 hasn’t been quite as bad as fellow used car retailer Carvana (CVNA (opens in new tab)), it’s still been pretty bad. Specifically, shares are down roughly 50% for the year-to-date. Still, analysts remain upbeat toward KMX stock, as evidenced by a consensus rating of Buy, according to S&P Global Market Intelligence. Plus, their average price target of $80.07 gives shares implied upside of 22.4% to current levels.
But when it comes to CarMax’s fiscal third-quarter earnings report, due out ahead of the Dec. 22 open, consensus estimates are a bit more glum. Analysts, on average, are guiding for earnings of 72 cents per share (-55.8% YoY) and revenue of $7.4 billion (-13.5% YoY).
“With no signs of market conditions improving near-term and credit performance deteriorating along with the economy and used car prices, risk remains to the downside for CarMax Auto Finance income and consolidated earnings,” says Wedbush (opens in new tab) analyst Seth Basham. “Although we have a positive long-term bias, with continued strong used car industry sales and margin pressures, as well elevated SG&A [selling, general & administrative expenses] that needs to be reduced more aggressively, we remain Neutral (Hold) on KMX.”
Other Noteworthy Earnings ReportsSwipe to scroll horizontally
CompanySymbolEarnings estimateApogee EnterprisesAPOG$0.97 per sharePaychexPAYX$0.96FRIDAYNo notable earnings.
Reporting 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.