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Earnings calendar for Feb 25 to March 1 week

A slew of major companies are reporting earnings for the week from February 25 till March 1. The Home Depot (HD) will announce fourth-quarter earnings on Tuesday before the bell. Analysts expect earnings to climb 28% to $2.16 per share and revenue to rise 11% to $26.6 billion. The results will be benefited by the continued attraction of customers to both offline stores and the digital channel through its interconnected retail model. Also, the stable demand for home improvement products could drive the results.

Department store giant Macy’s Inc (M) will report fourth-quarter results on Tuesday. Analysts predict earnings of $2.53 per share on revenue of $8.45 billion. The results will be hurt by the weak holiday sales in the mid-December period. The top line will be driven by digital business and stores performance. Excluding holiday sales, the results would be backed by healthy brick & mortar stores, e-commerce and mobile experience.

Bank of Montreal, along with its subsidiaries is known as BMO Financial Group, (BMO) is set to post first-quarter results on Tuesday. Analysts expect earnings to jump 11% to $1.67 per share helped by lower costs and expenses as well as performance in its Personal and Commercial banking businesses. Revenue is anticipated to fall 7% to $4.21 billion due to the impact of a stronger US dollar.

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Global pharmaceutical company Mylan N.V. (MYL) will post Q4 results on Tuesday after the bell. Analysts project the company to report earnings of $1.36 per share on revenue of $3.08 billion. The results will be hurt by a decline in sales from existing products as well as lower sales in the North America segment. The adoption of new accounting standards and foreign currency translation as well as lower volumes and pricing could hurt the sales from existing products.

Consumer electronics retailer Best Buy Co. Inc. (BBY) will announce Q4 earnings on Wednesday before the bell. Earnings are expected to jump 6% to $2.57 per share while revenue is likely to fall 4% to $14.7 billion. The bottom line could be driven by lower costs and expenses. The top line would be hurt by the fall in Christmas holiday sales.

Lowe’s Companies Inc. (LOW) is set to post fourth-quarter results on Wednesday. Analysts project earnings to jump 7% to $0.79 per share as it will be benefited by a favorable macroeconomic environment for driving traffic to its stores and website. Revenue is predicted to rise 2% to $15.74 billion helped by an increase in comparable sales for the US home improvement business.

TJX Companies (TJX) will report Q4 earnings on Wednesday. Analysts see a profit of $0.68 per share on revenue of $11.02 billion. The results will be benefited by the growth in customer traffic and higher comparable stores sales. The changes in foreign currency exchange rates could impact the translation of sales and earnings of its international businesses into US dollars.

Retail stocks hit hard by dismal holiday sales

Campbell Soup Company (CPB) could post Q2 results on Wednesday. Earnings are anticipated to dip 30% to $0.70 per share while revenue is likely to jump 23% to $2.68 billion. The top line will be benefited by the benefits from the purchase of Snyder’s-Lance and Pacific Foods while higher promotional spending and lower volume could hurt the sales. It is likely that the company would try to bring down its debt by selling certain businesses.

Square (SQ) will report Q4 earnings on Wednesday after the bell. Analysts see a profit of $0.14 per share on revenue of $454.1 million. The bottom line is likely to benefit from the strong revenue growth as well as the gain from the IPO of Eventbrite. The top line could be benefited by a jump in gross payment volume, which is tracked by the investors as a key metric.

As HP Inc. (HPQ) announces Q1 results on Wednesday, analysts expect earnings of $0.52 per share on revenue of $14.88 billion. The results will be benefited by the revenue growth in the PC and Printer divisions. The Personal Systems division would be driven by notebooks and workstations while commercial hardware could continue to drive the growth in the Printing division.

J.C. Penney Company Inc. (JCP) will announce fourth-quarter earnings on Thursday before the bell. Analysts expect earnings to plunge 81% to $0.11 per share and revenue to fall 6% to $3.79 billion. The results will be hurt by lower sales and a decline in comparable sales. The planned markdown and pricing actions for clearing slow-moving and excess inventory could increase the costs of goods sold.

Gap Inc. (GPS) will report fourth-quarter results on Thursday after the bell. Analysts predict earnings of $0.69 per share on revenue of $4.7 billion. The top line could be hurt by the fall in Gap brand comp sales. The holiday season numbers could be driving the results for the quarter with solid performance coming from Old Navy, the Banana Republic and Athleta.

 

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