A slew of major companies are reporting earnings this week. Home improvement retailer Home Depot (HD) will announce third-quarter earnings on Tuesday before the bell. Analysts expect earnings to climb 22.80% to $2.26 per share and revenue to rise by 4.90% to $26.26 billion. The company will be benefited from its disciplined capital allotment strategy and solid performance in the core business.
Meats manufacturer Tyson Foods (TSN) will report fourth-quarter results on Tuesday before the bell. Analysts predict earnings of $1.35 per share on revenue of $10.27 billion. The company will be benefited by the rising demand for pork and beef as well as volatile meat prices. Strong sales from Beef and Prepared Foods segments will drive the top line.
Retailer Macy’s Inc. (M) is set to post third-quarter results on Wednesday before the bell. Analysts expect earnings to fall 39.10% to $0.14 per share as costs and expenses are weighing on the bottom line. Revenue is anticipated to rise by 2.40% to $5.41 billion. The company’s brick & mortar business along with its online business is predicted to perform well during the quarter.
Networking giant Cisco Systems (CSCO) will post Q1 results on Wednesday after the bell. Analysts see earnings of $0.72 per share on revenue of $12.87 billion. The company’s revenue will be benefited from its recent acquisitions as well as from the Security and Applications segments. The demand for web security, network security, and advanced threat solutions turned strong due to an increase in the virus and hacker attacks.
NetApp (NTAP) will announce Q2 earnings on Wednesday. Earnings are expected to increase by 22.20% to $0.99 per share and revenue is likely to rise by 6.40% to $1.51 billion. The data storage provider will be benefited from the strategic product revenue and higher mature product revenues. Software maintenance revenue growth is likely to overshadow the decline in hardware maintenance revenue.
Store operator Walmart (WMT) is set to post upbeat results for the third quarter on Thursday before the bell. Analysts project earnings of $1.01 per share on revenue of $125.44 billion. The $16 billion buyout of local e-commerce firm Flipkart is likely to have an impact on Walmart during this quarter. The company has taken steps in retaining the existing customers and expanding the global customer base.
The department store chain J. C. Penney Company (JCP) will report its Q3 results on Thursday. Analysts expect a loss of $0.57 per share on revenue of $2.81 billion. The company is likely to be hurt by store closures. The harsh retail environment along with the shifts in customer trends and the increasing strength in e-commerce is expected to hurt J.C. Penney heavily for the quarter.
NVIDIA Corp. (NVDA) is likely to announce third-quarter earnings on Thursday after the bell. Earnings are predicted to jump by 28.60% to $1.71 per share as the broad-based demand growth across all categories will likely benefit the bottom line. Revenue is likely to climb 22.90% to $3.24 billion with the help of gaming.
Applied Materials (AMAT) is set to post upbeat Q4 results on Thursday. Analysts anticipate earnings of $0.97 per share on revenue of $4 billion. The company will be benefited from the growth across its segments and geographies. Applied Materials will utilize the A.I.-Big Data era that requires new breakthroughs in technology, from materials to systems, as its future outlook remained positive and secured.
As fashion retailer Nordstrom (JWN) announces Q3 results on Thursday, analysts expect earnings of $0.66 per share on revenue of $3.69 billion. The topline growth from full-price and off-price store sales is likely to drive the same-store sales higher. The company will be benefited by the brick-and-mortar stores and digital technology strategy.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard