stocks

Kiplinger's Weekly Earnings Calendar (Aug. 15-19)

Check out our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports.

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.

Please check back often. This earnings calendar is updated weekly.

(Editor's Note: Earnings dates in tables are tentative. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

Earnings Calendar Highlights

   

MONDAY

Noteworthy Earnings Reports

CompanySymbolEarnings estimate
Blend LabsBLND-$0.19 per share
CompassCOMP-$0.01
FabrinetFN$1.54
Tencent MusicTME$0.56
thredUPTDUP-$0.22
WeberWEBR-$0.04
World WrestlingWWE$0.55
ZipRecruiterZIP$0.21

   

TUESDAY

Earnings Spotlight: Walmart

When Walmart (WMT, $130.52) steps into the earnings confessional ahead of Tuesday's open, analysts, on average, expect the retailer to report earnings of $1.60 per share, down 10.1% on a year-over-year (YoY) basis. Revenue is projected to rise 7% to $150.8 billion.

But lackluster Q2 results from the world's largest retailer may already be priced into the stock. In late July, WMT shares tumbled after the company lowered its second-quarter and full-year guidance, saying higher food and fuel costs were hurting consumer spending.

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"The trifecta of pressures facing consumers is accelerating (as has been noted by several retailers in recent updates), namely inflation, a normalization in wallet spend, and a slowing housing market, which combines with two years of elevated full-price selling and rising operating cost pressures," says Deutsche Bank analyst Krisztina Katai (Buy). 

Despite these near-term headwinds, Raymond James analyst Bobby Griffin maintains a "long-term favorable view" on the Dow Jones stock, and thinks its "defensible attributes alongside best-in-class omni-channel capabilities, financial strength and leadership leave it positioned well for better performance in the coming quarters." He adds that Walmart's "top-line momentum remains solid, with management raising its second-quarter and full-year sales outlook driven by continued market share gains in food and consumables."

Other Noteworthy Earnings Reports

CompanySymbolEarnings estimate
AgilentA$1.21 per share
Home DepotHD$4.93
LumentumLITE$1.33
Sea LimitedSE-$1.06

   

WEDNESDAY

Earnings Spotlight: Lowe's

Lowe's Companies (LOW, $203.74) will report its second-quarter results the morning of Aug. 17. The company beat on its bottom line in Q1, but reported top-line results that fell short of what analysts were expecting. This time around, consensus estimates are for LOW to report earnings of $4.62 per share (+8.7% YoY) and revenue of $28.1 billion (+1.8% YoY).

Following a late-June call with management, Oppenheimer analyst Brian Nagel came away feeling "encouraged" about Lowe's ability to navigate through a post-pandemic consumer backdrop. "Given a still significant skew to do-it-yourself, LOW is well-positioned to capitalize upon a potential shift to DIY, should macro conditions deteriorate, rendering pro services less affordable," says Nagel, who rates the stock at Outperform. 

But not all analysts are as upbeat. CFRA Research analyst Kenneth Leon recently lowered his rating on LOW stock to Hold from Buy. "Home improvement spending is expected to see moderate growth in 2023 as sales of existing and new homes slow, mortgage rates rise, and limited house price appreciation dampens home remodeling," Leon writers in a note to clients. "We think higher cost of living for U.S. households could also weaken demand in Do-It-Yourself (DIY) and PRO segments. Building products and appliance costs are likely to stay high."

Other Noteworthy Earnings Reports

CompanySymbolEarnings estimate
AmcorAMCR$0.25 per share
Analog DevicesADI$2.43
Bath & Body WorksBBWI$0.41
Cisco SystemsCSCO$0.82
Krispy KremeDNUT$0.10
Performance Food GroupPFGC$1.04
SynopsysSNPS$1.99
TargetTGT$0.72
The Children's PlacePLCE$0.77
TJX CompaniesTJX$0.67
WolfspeedWOLF-$0.10

   

THURSDAY

Earnings Spotlight: BJ's Wholesale Club Holdings

Warehouse clubs like BJ's Wholesale Club Holdings (BJ, $68.92) have been solid choices for investors in 2022. BJ stock is up roughly 3% for the year-to-date, compared to a more than 11% decline for the S&P 500.

BJ has shown strength off the stock charts, as well. In Q1, the company reported double-digit year-over-year growth on both its top and bottom lines. Analysts are anticipating solid revenue growth in its second quarter, as well, with the consensus estimate of $4.6 billion up 10% over the year-ago figure. However, earnings per share are expected to decline 4.9% to 78 cents.

This isn't too much of a surprise, however. During the company's first-quarter earnings call, CEO Bob Eddy said BJ's is still battling elevated supply chain and fuel costs, which can eat into profits.

Be that as it may, Deutsche Bank analyst Krisztina Katai (Buy) remains bullish. "We anticipate a second-quarter beat at BJ, stemming from solid comps (heavy grocery exposure) and better gas profitability, Katai writes.

BJ will report its second-quarter results ahead of Thursday's open.

Other Noteworthy Earnings Reports

CompanySymbolEarnings estimate
Applied MaterialsAMAT$1.79 per share
BilibiliBILI-$4.47
Canadian SolarCSIQ$0.33
Estee LauderEL$0.36
Kohl'sKSS$1.12
Melco Resorts & EntertainmentMLCO-$0.44
NetEaseNTES$7.10
NioNIO-$1.36
Ross StoresROST$1.04
TapestryTPR$0.77
WeiboWB$0.44

   

FRIDAY

Noteworthy Earnings Reports

CompanySymbolEarnings estimate
BuckleBKE$0.90 per share
DeereDE$6.68
Foot LockerFL$0.85

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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