Kiplinger’s Weekly Earnings Calendar (Oct. 24-28)

kiplinger’s-weekly-earnings-calendar-(oct.-24-28)

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 (10/24)Tuesday (10/25)Wednesday (10/26)Thursday (10/27)Friday (10/28) (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 Reports CompanySymbolEarnings estimateAGNC InvestmentAGNC$0.69 per shareBank of HawaiiBOH$1.42Cadence Design CDNS$0.96Crane CR$1.85Discover Financial Services DFS$3.54Logitech InternationalLOGI$0.63Packaging Corp. of AmericaPKG$2.81PotlatchDelticPCH$0.64Range ResourcesRRC$0.52Schnitzer SteelSCHN$1.81Zions BancorpZION$1.59 TUESDAYEarnings Spotlight: AlphabetGoogle parent Alphabet (GOOGL (opens in new tab), $99.45) will kick off a busy week of Big Tech earnings when it reports third-quarter results after Tuesday’s close. Analysts, on average, forecast earnings of $1.26 per share, down 10% on a year-over-year (YoY) basis. Revenue is forecast to arrive at $70.7 billion (+8.5% YoY).

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“Although Search remains better positioned than other areas of advertising spend, macro issues (especially outside the U.S.) are likely to lead to growth rates coming to a halt for GOOGL and the broader ad space (bottoming in the first half of 2023),” says CFRA Research analyst Angelo Zino. “Negative currency headwinds will impact GOOGL, along with other mega-cap tech companies,” the analyst adds.

Still, Zino has a Buy rating on Alphabet stock, citing his “view of valuation versus large-cap tech peers, free cash flow potential, and the belief that GOOGL can sustain a 10%-plus long-term earnings per share growth pace.”

Other Noteworthy Earnings Reports CompanySymbolEarnings estimate3MMMM$2.59 per shareAgilysys AGYS$0.18Archer-Daniels-MidlandADM$1.39Axalta Coating SystemsAXTA$0.39BiogenBIIB$4.11Boyd GamingBYD$1.33Cleveland-CliffsCLF$0.51Chemours CC$1.07Chipotle Mexican Grill CMG$9.19ChubbCB$2.61Coca-Cola KO$0.64CorningGLW$0.51Enphase EnergyENPH$1.09F5 NetworksFFIV$2.52General ElectricGE$0.49General MotorsGM$1.89HalliburtonHAL$0.56Illinois Tool WorksITW$2.26JetBlue AirwaysJBLU$0.24Juniper NetworksJNPR$0.50Kimberly-Clark KMB$1.45MattelMAT$0.74MicrosoftMSFT$2.31NVRNVR$121.71PulteGroupPHM$2.82Raytheon Technologies RTX$1.14Sherwin-WilliamsSHW$2.58Skechers USASKX$0.73SpotifySPOT-$0.86Texas Instruments TXN$2.42UPSUPS$2.85Valero EnergyVLO$7.01VisaV$1.86Wyndham Hotels & ResortsWH$1.03XeroxXRX$0.40 WEDNESDAYNoteworthy Earnings Reports CompanySymbolEarnings estimateAgnico-Eagle MinesAEM$0.44 per shareAutomatic DataADP$1.79BoeingBA$0.09Boot Barn Holdings BOOT$0.90Boston Scientific BSX$1.83Bristol Myers SquibbBMY$1.91Churchill DownsCHDN$1.48CourseraCOUR-$0.11Digital Realty TrustDLR$1.68Ford MotorF$0.30GarminGRMN$1.12General Dynamics GD$3.16Harley-DavidsonHOG$1.39Hilton Worldwide HoldingsHLT$1.23KLA CorporationKLAC$6.23Kraft HeinzKHC$0.56Lending ClubLC$0.32Masco MAS$1.06Meta PlatformsMETA$1.86Norfolk Southern NSC$3.60OlinOLN$1.82O’Reilly AutomotiveORLY$8.48Owens CorningOC$3.20Patterson-UTI PTEN$0.17Pilgrim’s PridePPC$0.78Ryder SystemR$3.66Seagate TechnologySTX$0.72ServiceNowNOW$1.85Spirit AirlinesSAVE$0.08Thermo Fisher ScientificTMO$4.82UpworkUPWK-$0.08V.F. CorpVFC$0.73Waste ManagementWM$1.51WingstopWING$0.36 THURSDAYAmazon.com (AMZN (opens in new tab), $116.35) will unveil its third-quarter earnings after the Oct. 27 close. The three-month period will include sales from the company’s July Prime Day, which “proved to be a strong driver of demand, says Truist Securities analyst Youssef Squali (Buy).

At CFRA Research, analyst Arun Sundaram (Strong Buy) figures that the Prime Day shift to Q3 from Q2 likely added 400 basis points of revenue growth this quarter. (A basis point = 0.01%.) “Additionally, online sales may have received a lift from more people choosing to shop online due to record high gas prices this summer,” Sundaram says.

Overall, consensus estimates are for AMZN to report third-quarter revenue of $127.6 billion (+15.1% YoY) and earnings of 22 cents per share (-29% YoY).

Earnings Spotlight: AppleApple (AAPL (opens in new tab), $144.01) will also report earnings after Thursday’s close, with the iPhone maker set to release its fiscal fourth-quarter results. Morgan Stanley analyst Erik Woodring (Overweight, the equivalent of Buy) says the setup for AAPL’s September quarter report is constructive due to several factors. These include “remarkably stable” iPhone, iPad and Mac production, as well as higher average selling prices (ASPs) for iPhones, which should offset headwinds from unfavorable foreign exchange.

CFRA Research analyst Angelo Zino (Buy) echoes that view, telling clients that Apple will benefit from “a strong start to the iPhone 14 cycle.” Although the analyst concedes that iPhone 14 momentum will likely ease over the next few quarters as the cycle runs its course, “we think the combination of greater Services revenue and an attractive hardware pipeline will continue to drive higher free cash flow and share price appreciation in the coming years.”

For AAPL’s fiscal Q4, analysts, on average, expect earnings of $1.27 per share (+2.4% YoY) and revenue of $88.9 billion (+6.6% YoY).

Other Noteworthy Earnings Reports CompanySymbolEarnings estimateAltriaMO$1.30 per shareAmerican TowerAMT$2.58Anheuser-Busch InBev BUD$0.74Ares Management ARES$0.49AutoNationAN$6.15BorgWarnerBWA$1.03Caterpillar CAT$3.16Capital OneCOF$5.04Cohu COHU$0.68Comcast CMCSA$0.90CubeSmartCUBE$0.65Deckers Outdoor DECK$3.65DexcomDXCM$0.24Eastman ChemicalEMN$2.00First Solar FSLR-$0.26FiservFISV$1.70Gaming and Leisure Properties GLPI$0.85Gilead SciencesGILD$1.48Hertz Global HTZ$1.11HoneywellHON$2.15IntelINTC$0.33International PaperIP$1.20Keurig Dr PepperKDP$0.46Laboratory Corp. of America LH$4.69LindeLIN$2.93Mastercard MA$2.57McDonald’sMCD$2.58Merck MRK$1.72Northrop GrummanNOC$6.11OshkoshOSK$1.19Overstock.com OSTK$0.11PinterestPINS$0.06Royal Caribbean RCL$0.17S&P GlobalSPGI$2.82ShopifySHOP-$0.07SouthernSO$1.33Southwest AirLUV$0.42Stanley Black & Decker SWK$0.70STMicroelectronics STM$1.03T. Rowe PriceTROW$1.94Twitter TWTR$0.02T-Mobile USTMUS$0.50U.S. SteelX$1.99VeriSignVRSN$1.54Weyerhaeuser WY$0.38Western DigitalWDC$0.44Willis Towers WatsonWTW$2.13Yamana GoldAUY$0.05 FRIDAYNoteworthy Earnings Reports CompanySymbolEarnings estimateAbbVieABBV$3.55 per shareAllianceBernsteinAB$0.59AonAON$1.99Arbor Realty Trust ABR$0.45Bloomin’ BrandsBLMN$0.34Chart IndustriesGTLS$1.30Colgate-PalmoliveCL$0.73Exxon Mobil XOM$3.79GraingerGWW$7.26LyondellBasellLYB$2.95Newell BrandsNWL$0.47NextEra EnergyNEE$0.79NextEra Energy PartnersNEP$0.71Sanofi SNY$2.65 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.


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