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Stock Watch

Earnings Calendar, Week of Feb. 19-23, 2018 (WMT, HD, MELI)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

EARNINGS CALENDAR HIGHLIGHTS

MONDAY – Presidents' Day/Washington's Birthday

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TUESDAY

Earnings Spotlight: Walmart (WMT) – Despite Amazon.com’s (AMZN) relentless march in the retail space, Wall Street is getting increasingly bullish on the old-school big-box company. WMT shares are up 48% in the past year to roughly triple the market, and analysts see continued progress in the quarter Walmart will report before Tuesday’s opening bell. On average, the pros see revenue growth of 3% year-over-year to $134.9 billion, fueling a 5.4% improvement on the bottom line to $1.37 per share. Goldman Sachs, a longtime “Neutral” on WMT shares despite favoring its business of serving middle- and low-income consumers, finally flipped in mid-January. Analyst Matthew Fassler upgraded the stock to “Buy” and even put shares on Goldman’s “Americas Conviction List,” citing the benefit of corporate tax savings.

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Earnings Spotlight: Home Depot (HD) – While Home Depot is also sitting on big 52-week gains of 32%, it’s still looking to recover from a correction that started in late January. Shares still are off 11% since Jan. 26, while the Standard & Poor’s 500-stock index has pared its losses to just 6%. Home Depot will have a chance to point itself north again ahead of Tuesday’s open, when it reports results for the fiscal quarter and year ended Jan. 28. Analysts expect a 6.6% bump in revenues to $23.7 billion, as well as a 12.5% jump in profits to $1.62 per share. Guggenheim analyst Steven Forbes, who has a “Buy” rating on shares, is particularly optimistic about Home Depot’s emphasis on growing the “Pro” segment.

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Other Noteworthy Reports: American Water Works (AWK), BHP Billiton (BHP), Cooper Tire & Rubber (CTB), Cracker Barrel Old Country Store (CBRL), Domino’s Pizza (DPZ), Duke Energy (DUK), Ecolab (ECL), FirstEnergy (FE), Genuine Parts (GPC), LendingClub (LC), Medtronic (MDT), MGM Resorts (MGM), Pan American Silver (PAAS), Public Storage (PSA), Transocean (RIG)

WEDNESDAY

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Noteworthy Earnings Reports: Avis Budget Group (CAR), Boston Beer (SAM), Cheesecake Factory (CAKE), DISH Network (DISH), Energy Transfer Partners (ETP), Energy Transfer Equity (ETE), Garmin (GRMN), Host Hotels & Resorts (HST), Life Storage (LSI), Orange ADR (ORAN), Realty Income (O), Roku Inc. (ROKU), Southern Co. (SO), Stamps.com (STMP), Sturm Ruger (RGR), Wendy’s (WEN)

THURSDAY

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Earnings Spotlight: MercadoLibre (MELI) – Investors may not be aware of MercadoLibre, but it has been providing growth in emerging-market funds for some time. MercadoLibre is an Argentina-based e-commerce operator that serves numerous countries in Latin America, and its shares have run 190% higher since this point in 2015, including a 90% sprint over the past year. The stock’s run-up has been nice for investors, but has resulted in several analysts turning tail on price worries. Citigroup, which went from “Buy” to “Neutral” in June 2017, dropped MELI to “Sell” in late December, citing valuation concerns. MercadoLibre could face more headwinds when it reports Q4 earnings following the close on Feb. 22. The consensus estimate is for a whopping 57.9% ramp-up in revenues to $404.7 million, but a 56% plunge in profits to just 51 cents per share.

Other Noteworthy Reports: Apache (APA), Chesapeake Energy (CHK), First Solar (FSLR), GoDaddy (GDDY), Hewlett Packard Enterprise (HPE), Hormel Foods (HRL), HP Inc. (HPQ), LendingTree (TREE), Main Street Capital (MAIN), PPL Corp. (PPL), SeaDrill (SDRL), Shutterstock (SSTK), Toro (TTC), Universal Display (OLED), VEREIT (VER), Wayfair (W), Welltower (HCN), Windstream Holdings (WIN), Wingstop (WING), Zoe’s Kitchen (ZOES)

FRIDAY

Noteworthy Earnings Reports: inemark Holdings (CNK), Entergy (ETR), Potbelly (PBPB), Royal Bank of Canada (RY), Royal Bank of Scotland (RBS), W.P. Carey (WPC)

Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

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