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Upcoming Earnings Reports to Watch: ADBE, FDX, FINL

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Although we’re not in a traditionally busy earnings period, there are several key reports to look forward to next week. Q2 earnings season was strong across the board, as broad-based growth reached the double digit levels for the second quarter in a row. These first reports could set the trend for the upcoming Q3 season, so investors will want to keep a close eye on the companies reporting soon.

With that said, investors 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.

And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week 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 18.

1.       Adobe Systems (ADBE - Free Report)

San Jose-based Adobe System is one of the largest software companies in the world. Adobe is a leading provider in the digital marketing and digital media spaces, and its Creative Cloud studio is an industry standard. The company is set to report its fiscal third-quarter earnings after the market closes on September 19.

According to our current Zacks Consensus Estimates, Adobe is expected to report earnings of $1.00 per share and revenues of $1.81 billion. These results would represent year-over-year growth of 34% and 24%, respectively. Adobe also has a positive Earnings ESP of 1.04%, which implies that analyst sentiment has warmed as we’ve approached its report date. However, since the stock is also a Zacks Rank #4 (Sell), the predictive power of this figure is nullified.


2.       FedEx Corporation (FDX - Free Report)

FedEx is one of just a few notable names in the global delivery services industry, and the company has actually underperformed its rivals recently. In fact, over the past three months, the industry as a whole has gained 9.5% on average, and United Parcel Service (UPS) has gained about 10.5%. FedEx, however, is lagging behind with just a 7.9% gain over the time.

FedEx will report its fiscal first-quarter earnings after the closing bell on September 19. The company recently committed to modernizing its fleet, but that has led to subdued fiscal 2018 guidance. The current Zacks Consensus Estimate is calling for earnings growth of just 9%, and FDX is currently sporting a Zacks Rank #4 (Sell).


3.       The Finish Line, INc.

Athletic apparel and footwear retailer Finish Line is scheduled to release its second-quarter fiscal 2018 results before the market opens on September 22. Finish Line shares are down about 44% year-to-date, and the company has struggled to adapt to a changing retail environment that has punished mall-based chains like itself.

Heading into its report date, Finish Line is a Zacks Rank #4 (Sell), and our current Zacks Consensus Estimate is calling for profits to slump by over 75% year-over-year. Still, Finish Line is sporting an “A” grade for Value and an overall VGM grade of “A.”


Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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