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U.S stock indexes appear to be making a surge toward the green on Friday afternoon, potentially ending what has been a volatile week on a high note. Fears about rising inflation and an impending trade war have caused many investors to panic over the last few days, but continued earnings strength could very well be enough to inspire more bullishness.
Earnings reports from Q4 were impressive across the board. The recent tax reform bill created significant discrepancies between GAAP and non-GAAP results, but revenue growth was strong and forward-looking guidance was impressive. Corporate spending, in particular, looks healthy—meaning that lackluster financial reports will probably not be the thing to slow this market down.
The traditional earnings season is effectively over, but a few marquee reports—especially in the retail sector—remain to be released. These could update investors on the state of consumer spending and help set the tone for next week’s trading.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected most-important reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 5!
Big-box retail giant Target is scheduled to release its latest quarterly financial report before the market opens on March 6. Company rival Walmart (WMT) saw mixed results this quarter, so the pressure will be on Target to deliver. Shares have moved more than 22% higher over the past three months, and the stock is currently sporting a Zacks Rank #1 (Strong Buy).
Our current Zacks Consensus Estimates are calling for adjusted earnings of $1.39 per share and total revenues of $22.46 billion. These results would represent a bottom-line slump of about 4% and top-line growth of roughly 9%. Investors should also keep an eye on the company’s e-commerce growth, as well as any updates on its store rehab initiatives.
Following Target, fellow big-box retailer Costco is slated to announce its most recent quarterly results after the closing bell on March 7. Costco’s membership structure adds another layer to its business, but the company is still facing brick-and-mortar pressures. The stock is a Zacks Rank #3 (Hold) and has inched about 2% higher over the past 12 weeks.
Based on our latest Zacks Consensus Estimates, we expect Costco to see earnings of $1.45 per share and revenue of $32.72 billion, which would mark year-over-year growth rates of 24% and 10%, respectively. Comps growth was sturdy last quarter, and investors will be pleased if that trend continues.
Grocery behemoth Kroger is scheduled to report earnings before the market opens on March 8. Kroger has launched a number of efforts to combat the rising tide of online grocery sales, and investors will hope to see these pay off. KR has gained about 3% over the past 12 weeks and sports a Zacks Rank #2 (Buy).
According to our most recent Zacks Consensus Estimates, Kroger is projected to report earnings of $0.63 per share and total revenues of $30.88 billion. These results would represent year-over-year growth rates of 19% and 12, respectively.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Upcoming Earnings Reports to Watch: TGT, COST, KR
U.S stock indexes appear to be making a surge toward the green on Friday afternoon, potentially ending what has been a volatile week on a high note. Fears about rising inflation and an impending trade war have caused many investors to panic over the last few days, but continued earnings strength could very well be enough to inspire more bullishness.
Earnings reports from Q4 were impressive across the board. The recent tax reform bill created significant discrepancies between GAAP and non-GAAP results, but revenue growth was strong and forward-looking guidance was impressive. Corporate spending, in particular, looks healthy—meaning that lackluster financial reports will probably not be the thing to slow this market down.
The traditional earnings season is effectively over, but a few marquee reports—especially in the retail sector—remain to be released. These could update investors on the state of consumer spending and help set the tone for next week’s trading.
Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected most-important reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 5!
1. Target Corporation (TGT - Free Report)
Big-box retail giant Target is scheduled to release its latest quarterly financial report before the market opens on March 6. Company rival Walmart (WMT) saw mixed results this quarter, so the pressure will be on Target to deliver. Shares have moved more than 22% higher over the past three months, and the stock is currently sporting a Zacks Rank #1 (Strong Buy).
Our current Zacks Consensus Estimates are calling for adjusted earnings of $1.39 per share and total revenues of $22.46 billion. These results would represent a bottom-line slump of about 4% and top-line growth of roughly 9%. Investors should also keep an eye on the company’s e-commerce growth, as well as any updates on its store rehab initiatives.
2. Costco Wholesale Corporation (COST - Free Report)
Following Target, fellow big-box retailer Costco is slated to announce its most recent quarterly results after the closing bell on March 7. Costco’s membership structure adds another layer to its business, but the company is still facing brick-and-mortar pressures. The stock is a Zacks Rank #3 (Hold) and has inched about 2% higher over the past 12 weeks.
Based on our latest Zacks Consensus Estimates, we expect Costco to see earnings of $1.45 per share and revenue of $32.72 billion, which would mark year-over-year growth rates of 24% and 10%, respectively. Comps growth was sturdy last quarter, and investors will be pleased if that trend continues.
3. The Kroger Company (KR - Free Report)
Grocery behemoth Kroger is scheduled to report earnings before the market opens on March 8. Kroger has launched a number of efforts to combat the rising tide of online grocery sales, and investors will hope to see these pay off. KR has gained about 3% over the past 12 weeks and sports a Zacks Rank #2 (Buy).
According to our most recent Zacks Consensus Estimates, Kroger is projected to report earnings of $0.63 per share and total revenues of $30.88 billion. These results would represent year-over-year growth rates of 19% and 12, respectively.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>