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Upcoming Earnings Reports to Watch: CRM, COST, ULTA

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It was another interesting week on Wall Street, with early optimism about progress made in ongoing trade talks between the U.S. and China giving way to caution after President Trump cancelled a proposed meeting with North Korean leader Kim Jung Un.

On the earnings side of things, fresh reports from the likes of HP Enterprise (HPE - Free Report) , Target (TGT - Free Report) , and Gap (GPS - Free Report) helped mark one of the last busy stretches of the Q1 report season. Results were mixed this week, doing little to help broader indexes break out of the ranges they have been stuck in throughout recent months. Still, a few more marquee reports in the upcoming week have the potential to help that cause.

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 28.

1. Salesforce.com Inc. (CRM - Free Report)

Enterprise software and cloud computing giant Salesforce is slated to release its latest quarterly report after the market closes on May 29. Shares have moved nearly 10% higher in the past month, and the stock is currently sporting a Zacks Rank #1 (Strong Buy). Still, Salesforce’s margins are thin, and its valuations are stretched—so the pressure will be on the company to deliver great results.

According to our latest Zacks Consensus Estimates, analysts expect Salesforce to report adjusted earnings of $0.46 per share and revenue of $2.94 billion. These results would represent year-over-year growth of 64% and 23%, respectively. Investors should also note that this earnings projection has trended upward over the duration of the quarter.

 

2. Costco Wholesale Corporation (COST - Free Report)

Big-box retail giant Costco is set to announce its most recent quarterly earnings results after the closing bell on May 31. COST shares have moved 2% higher over the past month and are now sitting near all-time highs, with investors hoping the stock can break even higher on the back of strong results. The stock is carrying a Zacks Rank #3 (Hold) ahead of its report date.

Our latest Zacks Consensus Estimates are calling for Costco to report adjusted earnings of $1.68 per share and revenue of $31.74 billion, which would mark year-over-year growth of 20% and 10%, respectively. Investors might also notice that shares a bit pricey at 28.9x forward 12-month earnings right now.

 

3. Ulta Beauty Inc. (ULTA - Free Report)

Cosmetics retailer Ulta is scheduled to release its latest quarterly earnings report after the market closes on May 31. The stock has yet to fully recover since tumbling off its highs last summer, but shares have started to pick up pace, moving more than 30% higher in two months. ULTA is holding a Zacks Rank #2 (Buy) just a few trading periods out from its report date.

Analysts are looking for Ulta to report earnings of $2.48 per share and revenue of $1.52 billion, according to our latest Zacks Consensus Estimates. These results would represent growth of 30% and 16%, respectively, from the year-ago period.

 

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

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