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Upcoming Earnings Reports to Watch: HD, CSCO, WMT

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Stocks moved higher throughout the week, with solid earnings results and encouraging CPI figures proving stronger than concerns about tensions in the Middle East after the U.S. pulled out of the Iran nuclear deal.

Still, investors probably need another batch of great reports if indexes truly want to break out of their recent range-bound trading, and Wall Street bulls will hope that comes from the retail and tech behemoths reporting next week.

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 May 14.

1.       The Home Depot, Inc. (HD - Free Report)

Home improvement giant Home Depot is slated to release its latest quarterly financial results before the market opens on May 15. The stock tumbled about 16% from the all-time high it reached in January, but shares have rebounded—moving about 8% higher over the past month. Still, analyst sentiment has been mixed and HD currently has a Zacks Rank #4 (Sell).

Based on our latest Zacks Consensus Estimates, Home Depot is expected to post earnings of $2.07 per share and revenue of $25.23 billion. These results would mark year-over-year growth of 24.0% and 5.6%, respectively. However, this EPS estimate has trended downward recently, and our Most Accurate Estimate—which only looks at the most recent earnings estimates—sits two cents lower than the consensus.

 

2.       Cisco Systems, Inc. (CSCO - Free Report)

Information technology behemoth Cisco will announce its latest quarterly earnings figures after the market closes on May 16. The stock has surged about 9% in the past month and currently sports a Zacks Rank #2 (Buy). Our consensus estimates are calling for adjusted earnings of $0.65 per share and revenue of $12.42 billion.

These earnings and revenue results would represent year-over-year growth of 8.3% and 4.0%, respectively. The consensus mark for earnings has trended upward over the duration of the quarter. For the full fiscal year, Cisco has witnessed three earnings estimate revisions in the past 30 days, with 100% agreement to the upside.

 

3.       Walmart Inc. (WMT - Free Report)

Big box retail powerhouse Walmart is scheduled to release its latest quarterly earnings report before the market opens on May 17. Shares of the company have slipped nearly 4% in the past month, and sluggish analyst sentiment has earned the stock a Zacks Rank #4 (Sell). Still, investors will be excited to hear about key growth catalysts such as e-commerce sales.

According to our latest Zacks Consensus Estimates, Walmart is expected to report earnings of $1.13 per share and revenue of $120.13 billion. These results would represent year-over-year growth of 13.0% and 2.2%, respectively. The consensus estimate for earnings has trended a bit higher recently, and the Most Accurate Estimate sits a penny higher.

 

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

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