Kiplinger’s Weekly Earnings Calendar (Nov. 14-18)

kiplinger’s-weekly-earnings-calendar-(nov.-14-18)

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.

Please check back often. This earnings calendar is updated weekly.

Monday (11/14)Tuesday (11/15)Wednesday (11/16)Thursday (11/17)Friday (11/18) (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 estimateAecom TechACM$0.83 per shareLi Auto LI-$0.09J&J Snack Foods JJSF$0.91Oatly GroupOTLY-$0.11Tower SemiconductorTSEM$0.61Tyson FoodsTSN$1.72ValvolineVVV$0.56Weber WEBR-$0.35TUESDAYEarnings Spotlight: Home DepotHome Depot (HD (opens in new tab), $311.70) kicks off a busy stretch of retail earnings when it reports third-quarter results ahead of the Nov. 15 open. Analysts, on average, are projecting earnings per share (EPS) of $4.11 for the Dow dividend stock, up 4.8% year-over-year (YoY). Revenue is forecast to arrive at $37.9 billion (+3.0% YoY).

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The setup for Home Depot and Lowe’s (LOW (opens in new tab)), which reports its Q3 results ahead of Wednesday’s open, is tricky, says Wells Fargo analyst Zachary Fadem (Buy). “We understand investor hesitancy around the [home improvement] category, but we view HD/LOW business models more defensible than feared – and with Q3 results likely showing stable business trends, Pro backlogs that have yet to crack, and margin/free cash flow profiles among the best in retail – we believe shares should work,” writes Fadem in a note to clients. 

The analyst anticipates Home Depot (and Lowe’s) will keep fiscal 2022 outlooks “largely intact,” provide “guarded optimism” heading into fiscal 2023, and believes that both stocks are at low risk for negative revisions.

Earnings Spotlight: WalmartWalmart (WMT (opens in new tab), $142.36) caught Wall Street off-guard in July when it cut its full-year profit guidance, saying high inflation was causing consumers to shift spending from non-essential goods to more necessary items like food. The news sent the consumer staples stock tumbling nearly 8%, but shares quickly recovered. And in the months since, Walmart is up 16.7%, outperforming the S&P 500 by 15 percentage points.

Oppenheimer analyst Rupesh Parikh thinks Walmart is well-positioned to beat consensus estimates when it reports third-quarter earnings ahead of Tuesday’s open. “Recent data points suggest continued momentum in the grocery category helping to offset anticipated headwinds within the company’s general merchandise offerings,” Parikh says. The analyst rates WMT at Outperform, or the equivalent of a Buy.

As for those consensus estimates, the pros expect Walmart to report Q3 earnings of $1.32 per share (-9.0% YoY) and revenue of $147.6 billion (+5.0% YoY).

Other Noteworthy Earnings ReportsSwipe to scroll horizontally

CompanySymbolEarnings estimateAramark ARMK$0.49 per shareAdvance Auto PartsAAP$3.33EnergizerENR$0.79Evoqua WaterAQUA$0.32HUYAHUYA-$0.10Krispy KremeDNUT$0.04Sea Ltd.SE-$0.95Tencent MusicTME$0.72WEDNESDAYEarnings Spotlight: Cisco SystemsIt’s not all about retail earnings next week, however, as networking, cloud and cybersecurity giant Cisco Systems (CSCO (opens in new tab), $45.66) is slated to report fiscal first-quarter results after Wednesday’s close. Analysts, on average, forecast earnings of 84 cents per share (+2.4% YoY) and revenue of $13.3 billion (+3.1% YoY).

UBS Global Research analyst David Vogt says recent checks indicate continued strength in end-markets demand in the Americas, which will help offset soft results in Europe, the Middle East and Africa (EMEA). The analyst expects “revenue to be in line with the guide (UBS estimate +3% vs. guide 2-4%) and in-line margin results as survey results around pricing and competition continue to point to a favorable backdrop, while component and supply-chain pressures should already be reflected in the fiscal first 63%-64% guide (UBS estimate 63.7%).”

However, the real focus will be on Cisco’s current-quarter guidance, says Vogt. “Another quarter of negative order growth is expected in fiscal Q2 due to tough [comparisons].”

Other Noteworthy Earnings ReportsSwipe to scroll horizontally

CompanySymbolEarnings estimateBath & Body WorksBBWI$0.20 per shareHelmerich & PayneHP$0.48Kulicke & Soffa KLIC$0.98Lowe’sLOW$3.08Manchester UnitedMANU-$0.11NvidiaNVDA$0.71SonosSONO-$0.30Target TGT$2.18TJX CompaniesTJX$0.80Victoria’s Secret VSCO$0.23Williams-SonomaWSM$3.71THURSDAYNoteworthy Earnings ReportsSwipe to scroll horizontally

CompanySymbolEarnings estimateAlibaba Group HoldingBABA$11.60 per shareApplied Materials AMAT$1.75BJ’s WholesaleBJ$0.83Dole DOLE$0.10FarfetchFTCH-$0.20GapGPS$0.00Kohl’sKSS$0.63Macy’s M$0.19NetEaseNTES$7.46Palo Alto Networks PANW$0.69Ross StoresROST$0.80StoneCoSTNE$0.32The Children’s Place PLCE$3.80UGI CorpUGI-$0.05VipshopVIPS$1.76WeiboWB$0.52FRIDAYNoteworthy Earnings ReportsSwipe to scroll horizontally

CompanySymbolEarnings estimateBuckleBKE$1.24 per shareFoot LockerFL$1.15JD.comJD$4.47Reporting 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.


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