August 15, 2022

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Comfortable residential structure

Home Depot, Walmart, Target and Deere in Focus

  • Monday (August 16)

  • Tuesday (August 17)

  • Wednesday (August 18)

  • Thursday (August 19)

  • Friday (August 20)

Earnings Calendar For The Week Of August 16

Monday (August 16)

Ticker

Company

EPS Forecast

ATAI

ATA

-$0.18

FN

Fabrinet

$1.21

AG

First Majestic Silver

$0.09

TOELY

Tokyo Electron Ltd PK

$1.22

Tuesday (August 17)

IN THE SPOTLIGHT: HOME DEPOT, WALMART

HOME DEPOT: the largest home improvement retailer in the United States, is expected to report its second-quarter earnings of $4.42 per share, which represents year-over-year growth of about 10% from $4.02 per share seen in the same period a year ago.

The home improvement retailer would post revenue growth of nearly 7% to $40.68 billion. On average, Home Depot has beaten earnings estimates by more than 10% in the last four quarters.

“We are Overweight Home Depot (HD) given its best-in-class nature and structural housing tailwinds beyond N-T disruption from COVID-19. The stock seems attractively valued in the context of a potential 2H’20/2021 economic/housing boom,” noted Simeon Gutman, equity analyst at Morgan Stanley.

WALMART: The Bentonville, Arkansas-based retailer is expected to report its second-quarter earnings of $1.56 per share same as a year ago. However, the multinational retail corporation that operates a chain of hypermarkets’ revenue would decline over 1% to $135.9 billion. On average, the retail giant has beaten earnings estimates by over 17% in the last four quarters.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE AUGUST 17

Ticker

Company

EPS Forecast

AIT

Applied Industrial Technologies

$1.17

HD

Home Depot

$4.42

WMT

Walmart

$1.57

AMCR

Amcor PLC

$0.22

A

Agilent

$0.99

CDK

Cdk Global

$0.67

JKHY

Jack Henry Associates

$0.93

CREE

Cree

-$0.24

Wednesday (August 18)

IN THE SPOTLIGHT: TARGET

TARGET: One of the largest North American retailers offering customers both everyday essentials and fashionables, is expected to report its second-quarter earnings of $3.49 per share, which represents year-over-year growth of over 3% from $3.38 per share seen in the same period a year ago.

In the last four consecutive quarters, on average, the company has delivered an earnings surprise of over 69%. The Minneapolis, Minnesota-based company would post year-over-year revenue growth of over 8% to $24.84 billion.

Walmart (WMT) & Target (TGT) likely to print upside given strong comp sales trends, a healthy consumer bolstered by child tax credits, & one of the best back to school seasons in retail. We prefer TGT given prospects of a greater beat and a lower relative valuation. We also enclose: Cowen’s Target x ULTA analysis, & our online grocery survey highlights WMT’s momentum. Raise TGT PT to $300 & maintain WMT’s $170 PT,” noted Oliver Chen, equity analyst at Cowen.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE AUGUST 18

Ticker

Company

EPS Forecast

LOW

Lowe’s Companies

$3.99

TGT

Target

$3.49

ADI

Analog Devices

$1.61

EAT

Brinker International

$1.71

TJX

TJX Companies

$0.58

VIPS

Vipshop

$2.32

YY

YY

-$0.60

NVDA

Nvidia

$1.02

KEYS

Keysight Technologies

$1.44

SNPS

Synopsys

$1.78

CSCO

Cisco Systems

$0.83

SQM

Sociedad Quimica Y Minera De Chile

$0.32

VNET

21Vianet

-$0.06

TCEHY

Tencent

$0.52

MBT

Mobile TeleSystems OJSC

$20.23

Thursday (August 19)

IN THE SPOTLIGHT: KOHL’S

Kohl’s, the largest department store chain in the United States, is expected to report its second-quarter earnings of $1.17 per share, which represents year-over-year growth of over 565% from a loss of -$0.25 per share seen in the same period a year ago.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE AUGUST 19

Ticker

Company

EPS Forecast

KSS

Kohl’s

$1.17

TPR

Tapestry Inc

$0.68

EL

Estée Lauder

$0.51

M

Macy’s

$0.19

BJ

BJs Wholesale Club Holdings Inc

$0.63

MSGS

Madison Square Garden Sports

-$0.76

AMAT

Applied Materials

$1.77

ROST

Ross Stores

$0.97

FTCH

Farfetch

-$0.30

NCMGY

Newcrest Mining Ltd PK

$0.75

GFI

Gold Fields

$0.47

Friday (August 20)

IN THE SPOTLIGHT: DEERE

Deere & Company, the world’s largest maker of farm equipment, is expected to report its fiscal third-quarter earnings of $4.57 per share, which represents year-over-year growth of over 77% from $2.57 per share seen in the same period a year ago.

In the last four consecutive quarters, on average, the agricultural, construction, and forestry equipment manufacturer has delivered an earnings surprise of over 65%. The company forecasts net income for fiscal 2021 in the range of $5.3 billion to $5.7 billion, up from the previous projection of $4.6 billion to $5 billion, according to ZACKS Research.

Deere (DE) is one of the highest quality, most defensive names within the broader Machinery universe, given a historically lower cyclicality of Ag Equipment and history of strong management execution. FY21 should mark a tangible acceleration in the NA large ag replacement cycle, as commodity tailwinds are complemented by moderating trade headwinds and improving farmer sentiment,” noted Courtney Yakavonis, equity analyst at Morgan Stanley.

“With mgmt continuing to execute against its 15% mid-cycle operating margin target, we see continued momentum in DE’s margin improvement narrative – representing one of the most attractive idiosyncratic margin improvement narratives in the broader Machinery group.”

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE AUGUST 20

Ticker

Company

EPS Forecast

DE

Deere & Company

$4.57

BKE

Buckle

$0.51

FL

Foot Locker

$0.97

 

This article was originally posted on FX Empire

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