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Upcoming Earnings to Watch: TGT, TJX, DE

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Stocks struggled for direction this week, as renewed Brexit drama, mixed trade war news, and inconsistent retail earnings results reminded investors that volatility is not off the table just yet.

Investors will now turn to one of the last waves of Q3 earnings reports for clues on what is next for this market, and with a number of trendy high-volume stocks and key consumer bellwethers due to announce their latest results in the coming days, those clues might just reveal themselves quickly.

With that said, investors should remember to 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.

We have made this task even easier today by selecting a few of next week’s top reports to preview right now. Let’s take a closer look at a few of the earnings announcements due during the week of November 19.

1. Target Corporation (TGT - Free Report)

Big-box retail giant Target is scheduled to release its latest quarterly earnings results before the market opens on November 20. Target shares have slumped 10% in the past week as investors shrugged at other retail results, but the stock had booked 30% gains on the year before this volatility took over. Nevertheless, Target looks on track to deliver a solid quarter.

Analysts expect Target to report earnings of $1.11 per share and revenue of $17.81 billion, according to our latest Zacks Consensus Estimates. These results would mark year-over-year growth of 22% and 7%, respectively. Earnings estimates have trended higher recently, earnings the stock a Zacks Rank #2 (Buy) ahead of the report.

 

2. The TJX Companies, Inc. (TJX - Free Report)

The TJ Maxx, Marshalls, and HomeGoods parent company is slated to post its latest earnings report before the bell on November 20. Just like Target, TJX shares have slumped in recent sessions. However, the stock has held up quite well through market-wide volatility, and is up more than 36% on the year. The Zacks Rank #2 (Buy) retailer is sitting just below its all-time high.

TJX will hope to prove that its brand of discount retail is still resonating well with shoppers. Three analysts have issued positive estimates for the to-be-reported quarter in the past week alone, which is a bullish trend. Earnings and revenue are now expected to be up 22% and 8%, respectively. TJX has not missed EPS estimates since 2014.

 

3. Deere & Company (DE - Free Report)

Farm equipment giant Deere & Company will report its most recent financial results before the opening bell on November 21. Deere, like many other equipment makers, has struggled to generate momentum this year. Shares have bounced from their 52-week lows, but the stock is still down about 8% in 2018.

Deere will look to reverse this momentum with a positive report next week. According to our latest consensus estimates, analysts think Deere will deliver earnings of $2.43 per share and revenue of $8.59 billion. These figures would represent year-over-year growth of 55% and 21%, respectively.

 

These are a few of the major earnings reports to watch for next week. To get caught up on the biggest news from this week, check out the latest episode of the Zacks Friday Finish Line podcast:

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