Categories Earnings, Retail, U.S. Markets News

Calendar: Earnings of GameStop, American Eagle Outfitters, Cloudera, DocuSign, Zoom Video on queue

GameStop, American Eagle Outfitters, Cloudera, DocuSign, Zoom Video Communications are scheduled for the week between June 3 and 7. Check out what to expect from the major earnings reports this week.

Box Inc. (BOX) will announce first-quarter earnings on Monday after the bell. Analysts expect a loss of $0.05 per share on revenue of $161.45 million. The results will be driven by an increase in billings and deferred revenue. The overall customer momentum and cloud content management demand could drive the results. However, billings are likely to be below the company’s forecast due to underperformance in EMEA and longer sales cycles for certain seven-figure deals.

Tiffany & Co. (TIF) will report first-quarter results on Tuesday before the bell. Analysts predict earnings to fall 10.50% to $1.02 per share and revenue will decline by 1.60% to $1.02 billion. The results will be hurt by weak demand and negative impacts on tourist spending due to strength in the US dollar. The company’s significant increase in investments for business growth initiatives could increase the costs and expenses, which in turn impact the profitability.

Salesforce (CRM) is set to post first-quarter results on Tuesday after the bell. Analysts expect earnings to drop by 17.60% to $0.61 per share as the continued investment in regular product launches and international markets expansion could hurt the bottom line. Revenue is anticipated to jump by 22.50% to $3.68 billion with higher demand for its customer-relationship management software and Mulesoft purchase remained the reason behind the growth.

GameStop Corp. (GME) will post Q1 results on Tuesday. Analysts project the company to report a loss of $0.03 per share on revenue of $1.64 billion. The company will continue to face challenges in its pre-owned video game business, which is likely to hurt the quarterly results. The results will be impacted by asset impairment charges primarily related to the impairment of goodwill.

Specialty retailer American Eagle Outfitters Inc. (AEO) will announce Q1 earnings on Wednesday before the bell. Earnings are expected to decline by 8.70% to $0.21 per share while revenue is likely to increase 3.90% to $854.88 million. The bottom line will be hurt by an extra week of sales in the previous year and higher costs and expenses. The top line is likely to be benefited by the comparable sales growth as well as the number of stores opening during the quarter.

Campbell Soup Company (CPB) is set to post third-quarter results on Wednesday. Analysts project earnings to dip 32.90% to $0.47 per share due to the impairment charges related to the Campbell Fresh segment. Revenue is predicted to increase by 11.30% to $2.36 billion helped by the benefits from the recent purchase of Snyder’s-Lance and Pacific Foods. The growth in Global Biscuits and Snacks could be the positive factor in the growth while the declines in Campbell Fresh, as well as Meals and Beverages, could impact the results.

Cloudera Inc. (CLDR) will report Q1 earnings on Wednesday after the bell. Analysts see a loss of $0.23 per share on revenue of $188.48 million. The bottom line will be hurt by higher costs and expenses arising from the recent merger with Hortonworks, while the top line will be benefited by subscription revenue.

Also read: Cannabis producer WeedMD Q1 earnings results

Five Below (FIVE) could post Q1 results on Wednesday. Earnings are anticipated to fall 12.80% to $0.34 per share while revenue is likely to jump by 22.80% to $363.95 million. The bottom line is likely to be hurt by tax expense from share-based accounting as well as higher costs and expenses. However, the top line will be benefited by same-store sales growth and broad-based strength across its worlds. This is because incredible, trend-right value offering and fun in-store experience drove both new and existing customers.

Ciena Corporation (CIEN) will report Q2 earnings on Thursday before the bell. Analysts see a profit of $0.41 per share on revenue of $819 million. The results will be benefited by the diversification strategy that continues to broaden its customer base, which brings in a steady flow of revenues. The top line will be driven by broad-based growth across all segments and regions. The company has been focusing on adding more clients from emerging segments like web-scale providers, data center and network operators.

As The J. M. Smucker Co. (SJM) announces Q4 results on Thursday, analysts expect earnings of $1.95 per share on revenue of $1.93 billion. The bottom line will be hurt by the inclusion of non-cash impairment charge within the US Retail Pet Foods segment and the divestiture of the US baking business. The top line will be benefited by the addition of Ainsworth and its growth brands as well as the favorable volume/mix in US Retail Coffee and US Retail Consumer Foods.

Electronic signature technology firm DocuSign Inc. (DOCU) will announce first-quarter earnings on Thursday after the bell. Analysts expect earnings to soar by 300% to $0.04 per share and revenue to jump by 33.60% to $208.15 million. The results will be benefited by the adoption of electronic signatures in various industries including banking and insurance. The company remained focused on delivering new and innovative solutions to market across the System of Agreement, growing partner ecosystem, and commitment to customer success.

Zoom Video Communications Inc. (ZM) will report first-quarter results on Thursday. Analysts predict earnings of $0.01 per share on revenue of $111.73 million. The results will depend on the company’s ability to attract new customers and hosts, retain and upsell additional products to existing customers and upgrade free hosts to its paid offerings. The company will generate revenue from the sale of subscriptions to its video-first communications platform, while subscription revenue will be driven by the number of paid hosts, as well as purchases of additional products including Zoom Rooms and Zoom Video Webinars.

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