A slew of major companies are reporting earnings this week. Electrical equipment maker AZZ Inc. (AZZ) will announce third-quarter earnings on Tuesday before the bell. Analysts expect earnings to climb 90.60% to $0.61 per share and revenue to rise by 14.80% to $238.96 million. The top line is likely to be driven by the strengths in its Energy and Metal Coatings segments while the recent acquisitions could aid in the bottom line growth.
Helen of Troy Limited (HELE) will report third-quarter results on Tuesday. Analysts predict earnings of $2.38 per share on revenue of $425.76 million. The consumer products company’s results will be benefited by the higher brick-and-mortar sales in the Housewares and Health & Home segments as well as the growth in online and international sales.
The New York-based brewer Constellation Brands Inc. (STZ) is set to post third-quarter results on Wednesday before the bell. Analysts expect earnings to rise 3% to $2.06 per share as sales growth in both its Beer and Wine and Spirits divisions drove the top line higher. Revenue is anticipated to increase by 5.90% to $1.91 billion helped by strong portfolio performance and market share gains from the beer division as well as strong shipment volume growth in the wine and spirits division.
Real estate firm Lennar Corp. (LEN) will post Q4 results on Wednesday. Analysts project the company to report earnings of $1.93 per share on revenue of $6.55 billion. The results are likely to be benefited by the strong homebuilding operations and contributions from the recently acquired CalAtlantic business. The strong fundamentals of the industry and the upbeat employment and wage conditions could be the driving factor behind home sales.
Acuity Brands (AYI) will announce Q1 earnings on Wednesday. Earnings are expected to jump by 12.40% to $2.18 per share and revenue is likely to increase by 9.40% to $922.07 million. The lighting solutions provider’s results will be benefited by higher sales volumes and productivity improvements as well as the rise in acquisitions. Volumes are expected to inch higher helped by its Contractor Select portfolio, Atrius-enabled luminaires, and Holophane solutions.
Home décor retailer Bed Bath and Beyond (BBBY) is set to post third-quarter results on Wednesday after the bell. Analysts project earnings to fall 61.40% to $0.17 per share as it will be weakened by the continuing squeeze on margins from cost escalation. Revenue is predicted to rise by 2.90% to $3.04 billion helped by higher sales from the customer-facing digital channels.
Homebuilder KB Home (KBH) will report Q4 earnings on Wednesday. Analysts see a profit of $0.94 per share on revenue of $1.35 billion. The results will be benefited by the continued growth in its core homebuilding business, healthy demand in its served markets and effective execution on its distinctive customer-centric operating model.
WD-40 Company (WDFC) could post Q1 results on Wednesday. Earnings are anticipated to increase 5.60% to $0.95 per share driven by higher top line and the positive impact of a provisional tax adjustment related to the Tax Act. Revenue is likely to rise by 1.50% to $99.1 million as the translation of foreign subsidiary results to US dollar had a favorable impact on sales.
Synnex Corp. (SNX) will report Q4 earnings on Thursday after the bell. Analysts see a profit of $3.09 per share on revenue of $5.43 billion. The business process services provider’s results will be benefited by the stable demand for technology solutions, profitable growth and leveraging the strategic investments made in its business. The results will include the expected operational performance of Convergys, which was acquired in early October for cash and stock.
As Infosys (INFY) announces Q3 results on Friday before the bell, analysts expect earnings of $0.13 per share on revenue of $2.95 billion. The top line is predicted to be benefited by the growth in its digital business offerings and higher deal wins while the bottom line is likely to be hurt by higher costs and expenses.
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales
Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to