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Upcoming Earnings Reports to Watch: JD, HD, WMT

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It’s been a relatively strong earnings season throughout Wall Street, and in nearly every sector, investors are celebrating strong growth and positive surprises. Of course, Q3 reporting season is not quite over, so investors will want to stay tuned in as a few more marquee companies announce their latest results soon.

So far this earnings season, about 73% of S&P 500 companies have surpassed earnings estimates, while 67% have beaten revenue estimates. And in the upcoming week, a few mega-cap companies will also attempt to impress investors.

As we approach one of the final busy weeks of Q3 earnings season, 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 the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of November 13.

1., Inc. (JD - Free Report)

Chinese e-commerce powerhouse will report its latest quarterly results before the market opens on November 13. JD has emerged as one of 2017’s hottest foreign tech stocks, and headed into the report, shares of the online marketplace are up more than 56% on the year.

JD is currently sporting a Zacks Rank #3 (Hold). Based on our latest consensus estimates, we expect to see the company post earnings of 10 cents per share and revenues of $12.25 billion, which would represent year-over-year growth rates of 244% and 35%, respectively. JD has met or surpassed earnings estimates in five consecutive quarters.


2.       Home Depot, Inc. (HD - Free Report)

Home improvement retail giant Home Depot is scheduled to release its latest earnings report before the bell on November 14. Although brick-and-mortar retail has struggled recently, Home Depot tends to find success whenever the overall economy and housing market is strong. With that said, shares of the company are up over 21% this year.

Heading into its report, Home Depot is sporting a Zacks Rank #2 (Buy). According to our most up-to-date consensus estimates, Home Depot is expected to report earnings of $1.81 per share and revenues of $24.47 billion. These results would represent year-over-year growth of 13% and 6%, respectively. What’s more, this report should act as a key bellwether for the domestic economy.


3.       Walmart Stores, Inc. (WMT - Free Report)

Big-box retail behemoth Walmart is set to announce its financial results before the market open on November 16. Thanks to several key acquisitions and investments, Walmart’s e-commerce business is gaining serious momentum and should be the focal point of its report. Of course, investors will also want to focus on key details like comparable-store sales figures.

Ahead of its report date, Walmart is a Zacks Rank #3 (Hold). Our latest consensus estimates are calling for earnings of 97 cents per share and revenues of $121.02 billion, which would mark a slight bottom-line slump but a top-line expansion of 2.40%. Walmart has met or surpassed earnings estimates in eight straight quarters, and shares have gained about 30% in 2017.


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

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