Earnings Calendar

Stock Watch

Earnings Reports for the Week of Nov. 18-22 (HD, M, TGT)

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: Manchester United (MANU)

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TUESDAY

Earnings Spotlight: Home Depot (HD, $236.55) – Home Depot's shares, like many other stocks connected to the homebuilding industry, have soared in 2019. They're up 38% to outperform the S&P 500's 24% gains to date, and in a fairly straight line. The retailer will try to add to that total when it releases its third-quarter report before the Nov. 19 open, kicking off a week that's heavy in retail earnings. Earlier this month, Wells Fargo analyst Zachary Fadem (Outperform, equivalent of Buy) raised his price target from $250 per share to $260. He says checks of Home Depot's business show strong sales of full-priced items, as well as reasonable promotions, and as a result, he thinks HD should exceed earnings expectations. The average analyst expectation is for a 4.6% year-over-year improvement in sales to $27.52 billion, as well as a marginal uptick in earnings to $2.52 per share.

Other Noteworthy Earnings Reports: JinkoSolar Holding (JKS), Kohl's (KSS), Medtronic (MDT), TJX Cos. (TJX), Urban Outfitters (URBN)

WEDNESDAY

Earnings Spotlight: Target (TGT, $111.11) – TGT shares have been trending higher for most of 2019, which you'd expect from a stock that has sprinted ahead by more than 68% in less than a year. But a big chunk of that came all at once – a 20% spike in mid-August after initiatives such as same-day shipping and in-store pickup caused the company to clobber second-quarter earnings expectations and  raise its full-year outlook. The analyst community seems more optimistic than not ahead of the company's Q3 earnings report, due out before the Nov. 20 opening bell. Cleveland Research's Scott Binder, while holding a Neutral stance on shares (equivalent of Hold), thinks that same-store sales will come in ahead of the consensus estimate. Raymond James' Matthew McClintock (Strong Buy) writes that "Target is one of the few multi-product category discretionary retailers that is exceptionally well positioned to take market share." Expectations for the third-quarter report are modest, with the pros modeling year-over-year revenue growth of 3.8%, to $18.48 billion, and 9.2% earnings growth to $1.19 per share.

Other Noteworthy Reports: Jack in the Box (JACK), Lowe's (LOW), L Brands (LB), La-Z-Boy (LZB), Netease (NTES), Qiwi (QIWI)

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THURSDAY

Earnings Spotlight: Macy's (M, $16.24) – Macy's is trying to find a foothold in what has been a disastrous 2019 that has seen its shares hemorrhage 45% of their value. The retailer has been riddled with problems, including the U.S.-China trade war (some of its private-label products are made in China) and continued encroachment by online competitors. Worse, the company is sagging under massive debt of nearly $7.9 billion, versus just $674 million in cash. Credit Suisse downgraded several retailers in October, including Macy's, writing, "We see the most risk of negative revisions to 2020 Street estimates for Macy's, Gap and L Brands - and we think low valuation alone won't be sufficient to protect further stock downside." Before the Nov. 21 open. JPMorgan analyst Matthew Boss writes that there is "no visibility toward a less pressured U.S. wholesale environment" and that Macy's is "constrained by declining brick-and-mortar sales." For the third quarter, to be reported after the Nov. 21 opening bell, analysts are looking a 4.1% drop in revenues to $5.32 billion, filtering down to a breakeven quarter. (Macy's earned 27 cents per share in the year-ago quarter.)

Other Noteworthy Reports: BJ's Wholesale (BJ), Gap (GPS), Intuit (INTU), Macy's (M), Nordstrom (JWN), Ooma Inc. (OOMA), Ross Stores (ROST), Seadrill (SDRL), Shoe Carnival (SCVL), Splunk (SPLK), Williams-Sonoma (WSM)

FRIDAY

Noteworthy Earnings Reports: Buckle (BKE), Foot Locker (FL), Hibbett Sports (HIBB), J.M. Smucker (SJM)

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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