Calendar: Earnings of Nio, Dollar General, Costco, Gap, Dell on focus

Nio, Dollar General, Costco, Gap, Dell, and more earnings are scheduled for the week between May 28 and 31. Check out what to expect from the major earnings reports this week.

Nio Inc. (NIO) will announce first-quarter earnings on Tuesday before the bell. The results will be hurt by the weaker Chinese economy, changing consumer preference towards smart cars and subsidy cuts for electric vehicles from the government. The company predicted its performance to improve by the end of the fiscal year backed by improved macros in the second half along with strong product deliveries.

The Bank of Nova Scotia (BNS) will report second-quarter results on Tuesday. Analysts predict earnings of $1.34 per share on revenue of $5.73 billion. The results are likely to be hit by higher non-interest expenses and provision for credit losses in the Canadian Banking segment. However, the solid loan/deposit growth and inputs from recent acquisitions could drive the International Banking operations higher.

Dicks Sporting Goods (DKS) is set to post first-quarter results on Wednesday before the bell. Analysts expect earnings to decline by 1.70% to $0.58 per share on higher costs and expenses. Revenue is anticipated to inched down 0.40% to $1.9 billion amid faltering store traffic, reflecting the change in customer taste and rising competition. The company expects its comp sales to return to a positive beginning in the second quarter.

Bank of Montreal (BMO) will post Q2 results on Wednesday. Analysts project the company to report earnings of $1.67 per share on revenue of $4.21 billion. The bottom line will be benefited by lower costs and expenses, tax benefits and higher revenues. The weaker global market conditions could impact the Wealth Management segment, and higher provision for credit losses could hurt the Canadian P&C segment growth.

Dollar General (DG) will announce Q1 earnings on Thursday before the bell. Earnings are expected to increase by 2.20% to $1.39 per share and revenue is likely to jump 7.30% to $6.56 billion. The results will be benefited by higher same-store sales growth backed by the average transaction amount and customer traffic. The higher wages, rental costs, and utility expenses could lift the SG&A expenses, which in turn will pressurize margins.

Discount store operator Dollar Tree (DLTR) is set to post first-quarter results on Thursday. Analysts project earnings to fall 4.20% to $1.14 per share hurt by a non-cash charge related to goodwill impairment as well as higher costs and expenses. Revenue is predicted to rise 4.20% to $5.79 billion supported by an improvement in same-store sales performance.

The warehouse retailer Costco Wholesale (COST) will report Q3 earnings on Thursday after the bell. Analysts see a profit of $1.82 per share on revenue of $34.67 billion. The results will be benefited by robust expansion, increasing gasoline prices, higher comparable store sales and an increase in consumers flocking the stores for its value offerings. The results will be aided by strong store traffic and online merchandise sales growth.

Also read: Summer Infant stock dips to 4-year low

Ulta Beauty (ULTA) could post Q1 results on Thursday. Earnings are anticipated to climb 13.30% to $3.06 per share and revenue is likely to jump by 13.20% to $1.75 billion. The results will be driven by solid comparable sales growth and stronger store traffic. The performance will be supported by solid execution by its merchandising, store operations, e-commerce, marketing, supply chain, and systems teams.

VMware (VMW) will report Q1 earnings on Thursday. Analysts see a profit of $1.28 per share on revenue of $2.24 billion. The results will be benefited by broad-based strength across its diverse product portfolio and in all three geographies. The company is expected to continue to drive deep engagement with its customers and partners, who leverage the VMware portfolio for business initiatives.

As clothing chain Gap Inc. (GPS) announces Q1 results on Thursday, analysts expect earnings of $0.32 per share on revenue of $3.77 billion. The results will be hurt by the estimated costs related to the Gap brand fleet restructuring as well as the company’s intention to create two independent publicly traded companies. Capital spending could rise due to expansion costs related to headquarters building and buildout of its Ohio distribution center.

Dell Technologies Inc. (DELL) will announce first-quarter earnings on Thursday. Analysts expect earnings of $1.22 per share and revenue of $22.27 billion. The results will be aided by the double-digit growth across all three business units and profitable share gains across its portfolio. The company will be benefited by growths in servers and networking, commercial notebooks and workstations, as well as high-end consumer notebooks and displays.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.