Corporate earnings are driving the market right now, so keeping track of the earnings calendar is a must for any serious trader. Many S&P 500 companies already reported third-quarter earnings, but there are still many more Q3 2019 earnings reports that have the potential to move markets coming down the pipeline.
Earnings set the tone for the market, so it’s important to follow the earnings calendar closely. The market is mostly bullish right now, but a bad earnings report from a top player can have a huge impact on the market.
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Here are next week’s hottest earnings reports. Bookmark this earnings calendar because we update it regularly.
This Week’s Earnings Calendar
|Company||Ticker||Date / Time||Projected Revenue Growth||Consensus EPS||Consensus Revenue|
|Manchester United||MANU||Nov. 18 / 7am||-10.5%||($0.08)||$157.5 M|
|Qudian Inc.||QD||Nov. 18 / 7am||-||$0.49||-|
|CooTek Inc.||CTK||Nov. 18 / BMO||-18.2%%||($0.27)||$30.1 M|
|LexinFintech Holdings Ltc.||LX||Nov. 18 / 5:45am||-||$0.54||-|
|Home Depot, Inc.||HD||Nov. 19 / 6am||4.3%||$2.52||$27.44 B|
|Kohl's Corporation||KSSN||Nov. 19 / 7am||0.9%||$0.85||$4.67 B|
|TJX Companies||CBS||Nov. 19 / 7am||4.6%||$0.66||$10.28 B|
|Medtronic, Inc.||MDT||Nov. 19 / 6:45am||2.7%||$1.28||$7.68 B|
|Aramark Holdings Corp.||ARMK||Nov. 19 / 6:30am||0.9%||$0.94||$3.95 B|
|New Jersey Resources||NJR||Nov. 19 / 7am||3.7%||$0.30||$671.35 M|
|JinkoSolar Holding Co.||JKS||Nov. 19 / 6:10am||5.7%||$0.80||$1.03 B|
|Target Corp.||TGT||Nov. 20 / 6:30am||3.6%||$1.18||$18.47 B|
|Lowe's Companies, Inc.||LOWS||Nov. 20 / 6am||1.7%||$1.35||$17.71 B|
|BJ's Wholesale Club, Inc||BJ||Nov. 21 / 6:45am||3.4%||$0.40||$3.33 B|
|Macy's, Inc.||M||Nov. 21 / 8am||-1.7%||$0.01||$5.31 B|
|Foot Locker, Inc.||FL||Nov. 22 / 6:45am||4.3%||$1.07)||$1.94 B|
|J.M. Smucker Co.||WB||Nov. 22 / 6:30am||-1.1||$2.13||$256.4 M|
Featured Earnings for Next Week
Several companies will publish their quarterly earnings by next week. However, we will look at the three featured earnings for the week.
Home Depot (HD)
Home Depot is the largest home improvement retailer in the country. It is known for selling supply tools, construction products, and offering services. The company will publish its third-quarter earnings on Tuesday, November 19.
According to Zack’s Consensus Estimate, the company is set to record an EPS of $2.52, which is 0.4% higher than in the same quarter of 2018. Revenue is expected to increase by 4.5% year-on-year to reach $27.48 billion.
Home Depot’s stock is up by 40% year-to-date, after rising from $168 at the start of 2019 to trade at $237.95 at Friday’s pre-market trading session. The stock might move higher next week if Home Depot reports better figures. However, if the company underperforms, the stock price could plunge.
Many analysts believe that a positive EPS surprise is more likely to happen. A beat could spark a potential rally in the coming week. The company is offering almost 40% discount on appliance special buys for Black Friday and it’s hoping for a strong selling season.
Kohl’s Corporation (KSS)
Kohl’s is a US-based department store retail chain. The company is expected to deliver its third-quarter earnings on Tuesday, November 19. Unlike Home Depot, Kohl’s is expected to record a year-over-year decline in profits for the quarter.
Zacks Consensus Estimates expects Kohl’s to publish quarterly earnings of $0.84 per share. This represents a decline of 14.3% from the same quarter last year. However, revenue is set to rise by 0.3% from Q3 2018 to reach $4.64 billion.
Kohl’s stock, which is down by 15% so far this year, could suffer further blows if the company misses the target. However, the stock price could increase if Kohl’s numbers come out better than expected.
With Black Friday approaching, Kohl’s is looking to social media to boost holiday sales. The company is betting on the use of a Snapchat augmented reality (AR) portal lens to entice shoppers and increase sales.
Customers would also have the opportunity to chat with Kohl’s on Twitter to get on-demand, same-day product delivery. The company will also leverage Pinterest’s camera feature for in-store shoppers, enabling them to scan Pincodes on product hashtags and in-store signage to get gift ideas.
Aramark will also publish its 2019 third-quarter earnings report next year. The American food service, facilities, and uniform services provider will report its earnings on Tuesday, November 12.
According to the Zacks Consensus Estimate, the company will post flat earnings per share compared to the year-ago quarter. However, revenue would be higher than a year ago. The EPS for the quarter ended in September 2019 will be $0.70, which represents no change from the same quarter last year.
However, revenue is set to climb by 0.9% year-on-year to reach $3.95 billion. Aramark’s stock is up by 48% YTD but could surge higher if the company’s earnings come out better than expected. The stock could also plunge lower if Aramark misses earnings expectations.
More Weekly Featured Earnings
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