Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.
Earnings Calendar Highlights
Earnings Spotlight: Macy’s (M, $40.56) – You can call it a comeback. Macy’s essentially was left for dead by many market analysts after losing about three-quarters of its value between mid-2015 and late 2017. However, the retailer’s turnaround efforts are bearing some pretty clear fruits, and investors have responded by driving shares up more than 60% year-to-date. First-quarter earnings blew out expectations in May and prompted the company to upgrade its full-year guidance. Wall Street isn’t expecting anything terribly exciting for Macy’s Q2 earnings, which will be reported before the Aug. 10 open. Analysts expect a 0.1% downtick in revenues to $5.6 billion, which should generate a 4.2% bump in earnings to 50 cents per share.
Earnings Spotlight: Walmart (WMT, $89.01) – Walmart’s 2018 hasn’t been anywhere near as productive as Macy’s; in fact, the giant retailer has acted in pretty opposite fashion. Walmart has followed up a spectacular revival in 2017 with a lousy 2018 that has seen shares dip by about 9%. Wall Street analysts haven’t been sure what to make of the company, either; the company has been the subject of a few upgrades, but also a couple downgrades, and even a new “hold” position so far this year. The analyst community at least seems to agree that Walmart will be more profitable this quarter than a year ago – expectations are for a 13% jump in profits to $1.22 per share, albeit from sluggish 2.2% top-line growth (to $126 billion). Walmart will report ahead of the Aug. 16 bell.
Earnings Spotlight: Nvidia (NVDA, $256.46) – Wall Street’s never-ending growth monster is expected yet again to put up big numbers, this time after Thursday’s closing bell. For Q2, the graphics-chip specialist is expected to report a 39.3% boom in revenues to $3.1 billion, as well as an 80.4% explosion in profits to $1.66 per share. Nvidia keeps finding new applications for its products, such as blockchain technologies and artificial intelligence. But it’s improving its core gaming line too. Benchmark analyst Mike Burton initiated NVDA as a “Buy” with a $280 price target in June, saying, “The gaming graphics card market is Nvidia’s core franchise and we believe Nvidia is about to embark on a significant product cycle.”
Noteworthy Earnings Report: Deere (DE)
Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.
SEE ALSO: The 50 Greatest Stocks of All Time
Copyright 2018 The Kiplinger Washington Editors
Read on The Source