Earnings Reports for the Week of Dec. 9-13 (ADBE, COST, GME)

Stock Watch

Earnings Reports for the Week of Dec. 9-13 (ADBE, COST, GME)

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

Noteworthy Earnings Reports: Casey’s General (CASY), Chewy (CHWY), Stitch Fix (SFIX), Toll Brothers (TOL), Vail Resorts (MTN)

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TUESDAY

Earnings Spotlight: GameStop (GME, $6.40) – The bad news? GameStop’s stock has lost almost half its value this year, and the company suspended its dividend in June. The good news? It was down by 75% just three months ago. Shares have doubled from their August lows, and they’ve done so despite a much-deeper-than-expected loss in its second-quarter earnings report, released in early September. The surprising rebound has come amid no real change in the video game retailer’s outlook, and analysts are every bit as bearish as they’ve ever been. The stock has received four Hold calls and three Sells over the past three months, versus just one Buy. Loop Capital’s Anthony Chukumba (Hold) said after Q2 earnings that there’s “no compelling reason” to become more optimistic, and that a turnaround remains a “steep uphill” climb. GameStop, which will report after the Dec. 10 closing bell, is expected to announce a 22.1% year-over-year decline in revenues to $1.62 billion, and a steep 83.6% plunge in profits to 11 cents per share.

Other Noteworthy Earnings: AutoZone (AZO), Dave & Buster’s (PLAY), Ollie’s Bargain Outlet (OLLI)

WEDNESDAY

Noteworthy Earnings Reports: American Eagle (AEO), Lululemon (LULU), Tailored Brands (TLRD), The Children’s Place (PLCE), United Natural Foods (UNFI), Vera Bradley (VRA)

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THURSDAY

Earnings Spotlight: Costco (COST, $293.10) – Costco is making many of its peers look bad. COST shares are up almost 44% year-to-date versus less than 7% for the SPDR S&P Retail ETF (XRT). The stock’s success has come on the back of several strong earnings reports and monthly sales figures. It has had very few hiccups, though the company did lose out on an estimated $11 million in sales thanks to a 16-hour website outage Thanksgiving Day. Analysts lately have been cooling on the stock a bit because of valuation concerns. But Baird analyst Peter Benedict reiterated his Outperform rating (equivalent of Buy) in early November after Costco reported better-than-expected October comparable-store sales, which are revenues at stores open at least 12 months. Benedict calls Costco a “rare growth staple … with meaningful growth opportunities.” Costco, which is scheduled to report earnings after the Dec. 12 bell, is expected to report a 6.1% improvement in revenues, to $37.25 billion, and similar growth in profits, to $1.71 per share.

Earnings Spotlight: Adobe (ADBE, $303.03) – Adobe, which also reports after Thursday’s close, is having a strong year itself, at 33% gains, though the gains have been uneven, including a lull from late July to late October. But the company’s encouraging preliminary 2020 outlook at its analyst day has turned the stock, and Wall Street’s opinion, back higher. Nomura/Instinet’s Christopher Eberle (Buy) says that while the stock had underperformed, “we expect this will normalize” thanks to the new guidance. Jefferies analyst Brent Thill (Buy) raised his price target from $340 per share to $350, citing better-than-expected projections for recurring revenue – an increasingly important driver for numerous tech stocks. The pros are looking for $2.97 billion in revenues (+20.6%) and $2.26 of per-share income (+23.4%) from the company’s upcoming earnings report.

Other Noteworthy Reports: Broadcom (AVGO), Ciena (CIEN), Oracle (ORCL)

FRIDAY

Noteworthy Earnings Reports: N/A

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

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