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Upcoming Earnings Reports To Watch: PLAY, HPE, DVMT
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Although second-quarter earnings season is effectively over, we can’t forget about the few companies with less-traditional fiscal calendars and odd reporting dates. With that said, the upcoming week has a few notable “stragglers,” and investors will want to keep their eyes on these new reports.
Luckily, investors can always use the Zacks Earnings Calendar to plan our 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.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week—a week with a surprising number of noteworthy earnings announcements—and selected the biggest reports to watch.
Make sure to keep an eye on these companies as they prepare to report during the week of September 4:
1. Dave & Buster’s (PLAY - Free Report) - September 5 - After Market Close
Restaurant chain Dave & Buster’s is set to report its second-quarter earnings after the closing bell on September 5. For most of 2016, Dave & Buster’s was a standalone success story. In what was a difficult stretch for retail restaurants, the company’s unique arcade-eatery concept helped it stick out, and the stock gained 35% on the year.
However, that momentum has not continued in 2017, and despite the fact that it’s never missed earnings estimates, Dave & Buster’s investors are understandably nervous heading into its Q2 earnings announcement. The primary cause for concern is the company’s rapidly decelerating comps growth rate, so investors will be most interested in that result.
Nevertheless, the stock has a Zacks Rank #3 (Hold) and a positive Earnings ESP of 1.54%, meaning that investors should be more confident about the chances of yet another beat. And as it stands now, our consensus estimates are calling for profits of $0.54 per share and sales of $280.5 million, which would represent year-over-year growth of 8.3% and 14.8%, respectively.
2. Hewlett Packard Enterprise (HPE - Free Report) - September 5 - After Market Close
Information technology giant Hewlett Packard Enterprise is scheduled to report its fiscal third-quarter earnings results after the market closes on September 5. HPE just completed the spin-off of a large chunk of its software business, which it underscores the importance of this stretch in company history.
Lower demand for servers at the enterprise and SMB segments due to the presence of virtualization and cloud options makes us slightly cautious about Hewlett Packard’s near-term prospects.
On top of this, HPE currently has an Earnings ESP -0.87%.The stock currently has a Zacks Rank #3 (Hold), and although this increases the predictive power of ESP, the company’s negative ESP makes surprise prediction difficult.
3. Dell Technologies - September 6 - Before Market Open
Personal computing and enterprise technology company Dell Technologies is expected to report its second-quarter earnings before the bell on September 6. While the power of the Dell brand may seem much weaker than it once was, its merger with EMC in late 2016 has breathed new life into the company.
Shares of DVMT have gained more than 35% year-to-date, making it one of the hotter stocks in the IT space in 2017. Nevertheless, Dell’s “Computers - IT Services” industry is currently in the bottom 18% of the Zacks Industry Rank, which might speak to a weakness in the market.
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Upcoming Earnings Reports To Watch: PLAY, HPE, DVMT
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>