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Upcoming Earnings Reports to Watch: BBBY, WBA, NKE

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Stocks continued to ebb and flow on the back of international trade news this week, with other major headlines—including a Supreme Court decision that could affect the tax practices of e-commerce companies—also moving markets in the past few days.

Meanwhile, earnings reports from Micron (MU - Free Report) and Kroger (KR - Free Report) grabbed some attention as bullish investors continue to trust in economic growth through some periods of volatility. It is still a relatively quiet stretch for earnings reports, but the upcoming week should provide a few more reports for these investors to latch on to.

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 June 25.

1. Bed Bath & Beyond Inc. (BBBY - Free Report)

Bed Bath & Beyond is scheduled to report its latest quarterly financial results after the closing bell on June 27. Shares of the home goods retailer have added about 14% over the past month, but the stock has consistently struggled over the past several years, and investors will be looking for any indication that the company is rebounding.

According to our latest Zacks Consensus Estimates, analysts expect Bed Bath & Beyond to report adjusted earnings of $0.32 per share and quarterly revenue of $2.75 billion. This top-line result would be basically flat year over year, while this earnings projection would represent a decline about nearly 45%.

 

2. Walgreens Boots Alliance, Inc. (WBA - Free Report)

Drug store giant—and soon-to-be newest member of the Dow index—Walgreens is slated to announce its most recent quarterly earnings results before the market opens on June 28. Shares of the retailer have added more than 5% in the past month, although the stock is still down double-digit percentages over the trailing year.

WBA is currently holding a Zacks Rank #3 (Hold). Our Zacks Consensus Estimates are calling for earnings of $1.47 per share and revenue of $33.65 billion. These results would mark year-over-year growth of 10.5% and 11.7%, respectively.

 

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

Athletic apparel behemoth Nike is scheduled to announce the results of its latest fiscal quarter after the market closes on June 28. Shares of Nike have climbed nearly 40% over the past year as the company has successfully fended off its rivals, and investors will look forward to the trend continuing.

Based on our latest consensus estimates, we expect Nike’s earnings to surge 6.7% to reach $0.64 per share. Revenue is projected to improve 8.3% to touch $9.39 billion. The stock is currently sporting a Zacks Rank #3 (Hold).

 

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

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