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Upcoming Earnings Reports to Watch: ORCL, NKE, MU

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We have hit a lull as far as earnings reports go, and Wall Street’s attention has shifted from tax benefits and strong guidance to international trade debates and continued turnover at the White House. Still, Q4 earnings season was strong across the board, and as several major companies with non-traditional calendars report in the coming days, investors will hope that this trend continues.

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 March 19.

1. Oracle Corporation (ORCL - Free Report)

Software giant Oracle is scheduled to release its latest quarterly financial results after the closing bell on March 19. Continued adoption of cloud infrastructure has been a growth catalyst for Oracle, but the company’s stock has proven to be much more volatile than many of its tech peers. Shares of ORCL are up just 15% over the past year, and patient investors have endured significant up-and-down swings over that time.

Based on our current Zacks Consensus Estimates, we expect Oracle to report revenues of $9.8 billion and adjusted earnings of 72 cents per share. These results would represent year-over-year growth rates of 5.5% and 4.4%, respectively. Last quarter, cloud revenues surged 44%, so investors will want to pay close attention to this segment when Oracle reports.

 

2. Nike, Inc. (NKE - Free Report)

Athletic apparel behemoth Nike is slated to announce its latest quarterly earnings details after the market closes on March 22. Headwinds at major retail partners and shifting consumer habits have put pressure on companies like Nike, but the company’s remarkable brand portfolio and market share should support results. NKE is carrying a Zacks Rank #3 (Hold) into its report date.

According our latest Zacks Consensus Estimates, Nike is projected to report adjusted earnings per share of 52 cents, down more than 23% from the year-ago period. However, expected revenues of $8.8 billion would mark an improvement of 4.7% year over year.

 

3. Micron Technology, Inc. (MU - Free Report)

Red-hot semiconductor memory solutions company Micron is scheduled to release its latest quarterly earnings report after the closing bell on March 22. Micron has skyrocketed on the back of rising demand for its memory chips, as well as improvements to its own operations. The stock has gained more than 130% over the past year and is holding a Zacks Rank #2 (Buy) ahead of its report.

Our Zacks Consensus Estimates are calling for Micron to report adjusted earnings of $2.76 per share and total revenues of $7.23 billion, which would represent year-over-year growth of 206.7% and 55.5%, respectively.

 

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

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