Kiplinger's Weekly Earnings Calendar (Aug. 2-6)

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.

• Monday (8/2)
• Tuesday (8/3)
• Wednesday (8/4)
• Thursday (8/5)
• Friday (8/6)

(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

TUESDAY

Earnings Spotlight: Under Armour

Under Armour (UAA, $20.45) is scheduled to report is second-quarter earnings results before the stock market opens next Tuesday, Aug. 3.

After the athletic apparel maker unveiled first-quarter earnings and revenue beats in May, shares went on to tap a 52-week high of $26.45. But they have retreated sharply since then.

The bulk of analysts are targeting another quarter of higher-than-expected growth. The consensus estimate for UAA's second quarter is for earnings per share (EPS) of 5 cents, compared to a per-share loss of 31 cents in the year ago period. Revenues are projected to surge 70.6% year-over-year to $1.2 billion.  

Analysts at Deutsche Bank "see upside to gross profit margin and the top-line driven by a favorable pricing environment and pent-up demand for the back-to-school season." They maintain a Buy rating on UAA shares with a $31 price target, representing expected upside of 52% over the next 12 months or so.

And over at William Blair, "We expect Under Armour's second quarter will surpass guidance and Street expectations on rebounding domestic sales, and project an 80%-plus increase in North American sales translating to revenue slightly ahead of 2019 levels," analysts Sharon Zackfia and Tania Anderson say. 

While the analysts are "encouraged by Under Armour's rebound in the first half of the year,"  they maintain a Market Perform (Hold) rating on UAA shares given that the stock's enterprise value is roughly 20 times the research firms 2022 EBITDA (earnings before interest, taxes, depreciation, and amortization), suggesting it could be expensive at the moment.

Other Noteworthy Earnings Reports

WEDNESDAY

Earnings Spotlight: Etsy

Etsy (ETSY, $198.98) shares sold off dramatically in the wake of the company's first-quarter earnings report. Despite beating estimates on both the top and bottom line, the company warned its second-quarter results would show a slowdown in gross merchandise sales (GMS), or the volume of goods sold. This is because of tough year-over-year comparisons due to the popularity of the online marketplace during the early stage of the pandemic. 

The shares have rebounded since then and are currently up about 12% for the year to date. And given the negative reaction to ETSY's GMS warning back in May, it could be that the negative news has already been priced in.

Jefferies analyst John Colantuoni says ETSY's second-quarter guidance has been a "key overhang" on the stock. "Our analysis of historical results suggest that traffic growth in April and May (29% average) indicates there is upside to the second-quarter consensus given actual GMS growth has on average been nearly double traffic growth in the last two years," he adds.

And following the stock's sharp decline since March, ETSY represents a "compelling buying opportunity." He maintains a Buy rating on the shares.

Etsy's second-quarter report is due out after the Aug. 4 close. The consensus estimate among analysts is for the retailer to report earnings of 63 cents per share, a roughly 16% decline from what it took in a year ago. Its top line is forecast to have increased 22.4% year-over-year to $524.8 million.

Other Noteworthy Earnings Reports

THURSDAY

Earnings Spotlight: Square

It's been a choppy 2021 for Square (SQ, $255.25) stock, which has bounced between the $200 and $270 per-share price marks since the start of January. Most recently, the shares were seen trading near the higher end of this range, boasting a +17.3% year-to-date return.

Another positive earnings reaction could help the stock add to its 2021 lead. Following its first-quarter results in May, SQ gained 4.2% in the subsequent session after the fintech firm reported larger-than-anticipated EPS and revenue thanks to solid growth in its mobile payment service Cash App.

Analysts are optimistic for another strong showing from this growth driver in the second-quarter period. "Cash App should remain strong despite lower stimulus benefits and tougher comps from continued strength in Cash Card and we see +40% year-over-year gross profit growth as the key level to stay above in July," Deutsche Bank analyst Bryan Keane says. 

Keane has a Buy rating on Square, and thinks if "Bitcoin volumes and adoption remain strong, we see the potential for headline total net revenue growth of +175% year-over-year in the quarter."

Square reports after the Aug. 5 closing bell. The pros, on average, are calling for a slightly slower pace of revenue growth, with the top line expected to rise 163.1% from the year prior to $5.0 billion. Meanwhile, consensus earnings estimates are for 30 cents per share (+67% YoY).

Other Noteworthy Earnings Reports

FRIDAY

Noteworthy Earnings Reports

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