A slew of major companies are reporting earnings this week. Scientific instrument maker Agilent Technologies (A) will announce fourth-quarter earnings on Monday after the bell. Analysts expect earnings to climb 10.40% to $0.74 per share and revenue to rise by 5.50% to $1.25 billion. The company will be benefited from the strength in the global pharma and chemical & energy end markets.
Specialty retailer Urban Outfitters (URBN) will report third-quarter results on Monday. Analysts predict earnings of $0.63 per share on revenue of $969.05 million. The growth in digital channel sales and comp sales could benefit the quarterly numbers. The preparation for the upcoming holiday season remained the main highlight of the conference call as nearly 40% of the annual sales are coming during this period.
Payroll solutions provider Intuit Inc. (INTU) is set to post first-quarter results on Monday. Analysts expect earnings to be in-line with last year at $0.11 per share as costs and expenses are weighing on the bottom line. Revenue is anticipated to rise by 9.40% to $968.88 million with the aid of strong subscriber growth for accounting software package QuickBooks Online.
Best Buy Co. Inc. (BBY) will post Q3 results on Tuesday before the bell. Analysts project the company to report earnings of $0.85 per share on revenue of $9.56 billion. The electronics retailer will be benefited by the comp sales growth, new store openings as well as positive impact from Forex. The computing, appliances and gaming categories were the primary driver of the comp sales growth.
Multi-brand retailer Target Corp. (TGT) will announce Q3 earnings on Tuesday. Earnings are expected to jump by 23.10% to $1.12 per share and revenue is likely to increase by 6.80% to $17.8 billion. A rise in store traffic will be the main driver behind the revenue growth. The e-commerce expansion initiatives could back the comparable digital sales growth.
Lowe’s Companies Inc. (LOW) is set to post third-quarter results on Tuesday. Analysts project earnings to fall 6.70% to $0.98 per share as additional costs would be incurred from the closure of its Orchard Supply Hardware business. Revenue is predicted to rise by 3.40% to $17.34 billion helped by the strong comparable sales growth from the home improvement business.
Kohl’s Corporation (KSS) will report Q3 earnings on Tuesday. Analysts see a profit of $0.96 per share on revenue of $4.36 billion. The company’s bottom line will be benefited by the effective management of costs and expenses despite a marginal rise in revenue. The stores and digital channels are likely to show strong performance, as well as broad-based growth, is predicted across geographies and brands.
Off-price apparel retailer TJX Companies (TJX) could post Q3 results on Tuesday. Earnings are anticipated to climb 22% to $0.61 per share and revenue is likely to rise by 8.50% to $9.5 billion. The customer traffic across all divisions could drive the comparable store sales growth. It is expected that the forecast for the full year would be revised up after taking a cue from the strong performance.
Medical technology company Medtronic plc (MDT) will report Q3 earnings on Tuesday before the bell. Analysts see a profit of $1.15 per share on revenue of $7.35 billion. The top line will be benefited by the sales growth in all the major business segments. The results will be aided by the new market expansion and the share gains across multiple businesses and geographies.
As clothing retailer Gap Inc. (GPS) announces Q3 results on Tuesday after the bell, analysts expect earnings of $0.68 per share on revenue of $4 billion. The company is likely to deliver its eighth consecutive quarter of positive comparable sales growth, which will be led by the strength of the Old Navy. The continued growth and improved profitability will be supported by its balanced growth strategy.
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage