A slew of major companies are reporting earnings this week. Cloud computing company Salesforce.com (CRM) will announce third-quarter earnings on Tuesday after the bell. Analysts expect earnings to climb 28.20% to $0.50 per share and revenue to jump by 25.70% to $3.37 billion. The company will be benefited from the gains on strategic investments as well as the clouds, industry segments, and geographies.
Luxury jeweler Tiffany & Co. (TIF) is set to report third-quarter results on Wednesday before the bell. Analysts predict earnings of $0.77 per share on revenue of $1.05 billion. The company’s top line will be benefited by the growth across all regions and categories while the bottom line will be driven by higher sales and margins as well as lower tax rates.
Sporting goods retailer Dick’s Sporting Goods (DKS) will post third-quarter earnings on Wednesday. Analysts expect earnings to fall by 13.30% to $0.26 per share and revenue to decline by 3.40% to $1.88 billion. The top line is expected to be hurt by the declines in Under Armour sales due to changes in their distribution strategy. The bottom line will likely face a rise in the costs and expenses.
As the Chinese-language social media platform operator Weibo Corp (WB) announces Q3 results on Wednesday, analysts see a profit of $0.70 per share on revenue of $456.42 million. The results will be benefited by an increase in advertising and marketing revenues as well as a rise in the net addition of monthly active users and average daily active users.
Box Inc. (BOX) will announce Q3 results on Wednesday after the bell. Analysts project the cloud technology company to report a loss of $0.07 per share on revenue of $154.61 million. The top line will be driven by market customer base growth and an increase in billings. The deeper relationships with customers and the focus on strategic solution sales will be aiding in the company’s quarterly performance.
Apparel and footwear retailer Tilly’s Inc. (TLYS) will post third-quarter results on Wednesday. Analysts expect earnings of $0.26 per share on revenue of $149.53 million. The results will be hurt by the early shift in the retail calendar as the back-to-school season advanced in the previous quarter. Physical store sales and e-commerce sales growth are likely to drive the comparable store sales higher.
As the discount store operator Dollar Tree (DLTR) reports Q3 earnings on Thursday before the bell, analysts predict a profit of $1.15 per share on revenue of $5.56 billion. The stores opening will be the key to the comparable store sales performance. Net sales growth will likely drive the bottom line performance.
HP Inc. (HPQ) is scheduled to report fourth-quarter earnings on Thursday after the bell. Earnings are anticipated to jump 22.70% to $0.54 per share and revenue is likely to increase by 8.40% to $15.1 billion. The double-digit growth in the PC and Printer divisions is expected to drive the top line. Commercial and Consumer hardware growths are likely to aid in the total hardware units to inch higher.
GameStop (GME) will post upbeat Q3 results on Thursday. Analysts expect a profit of $0.57 per share on revenue of $2.03 billion. The top line growth will be driven by hardware and software sales growth. The strong sales of the Xbox One X, Nintendo Switch, and PS4 are likely to drive the hardware sales higher. The company is expected to launch a significant number of software titles during the third quarter.
Home improvement is one of the top activities that kept Americans busy during the pandemic, a trend that enabled The Home Depot, Inc. (NYSE: HD) to beat the crisis and
Department store chain Target Corporation (NYSE: TGT) reported a sharp decline in adjusted earnings for the second quarter of 2022, despite an increase in net sales. The bottom line also fell
Amazon.com, Inc. (NASDAQ: AMZN) became an inspiration for other players in the eCommerce sector as the online retailer successfully channelized its resources to tap into the spike in demand for