Categories U.S. Markets News

Upcoming earnings for the week Feb 25 to March 1

A slew of major companies are reporting earnings for the week February 25 to March 1. The world’s largest department store chain, Walmart Inc. (WMT), will announce fourth-quarter earnings on Tuesday before the bell. Analysts expect earnings to be in line with last year at $1.33 per share while revenue will rise by 1.80% to $138.66 billion. The results will be hurt by its investment in Indian e-commerce major Flipkart. The investments and partnerships in the grocery business are expected to see results in Q4.

Advance Auto Parts (AAP) will report fourth-quarter results on Tuesday. Analysts predict earnings of $1.14 per share on revenue of $2.10 billion. The recent performance trend points to a strong likelihood of the North Carolina-based provider of automotive aftermarket parts beating the estimates. Margins could come under pressure from the heavy investment in supply chain and IT infrastructure. The ongoing shift to the digital space bodes well as the online traffic has increased notably in recent months.

Medical device maker Medtronic (MDT) is set to post third-quarter results on Tuesday. Analysts expect earnings to increase by 6% to $1.24 per share as robust top-line growth, solid margin expansion and rising free cash flow along with new product pipeline drove the results. Revenue is anticipated to rise 2.30% to $7.54 billion with key business segments likely to show impressive performance.

CVS Health Corporation (CVS) will post Q4 results on Wednesday before the bell. Analysts project the company to report earnings of $2.05 per share on revenue of $54.58 billion. The retail pharma company’s results will be benefited by higher network claim volumes in the Pharmacy services segment. Competitive pricing in a drug market that is seeing rapid inflation should also help CVS wade through the highly competitive retail pharma environment.

Bausch Health Companies Inc. (BHC) will announce Q4 earnings on Wednesday. Earnings are expected to fall 14.30% to $0.84 per share and revenue is likely to decline 3.70% to $2.08 billion. The results will be hurt by a drop in revenues of its main operating segment, Bausch+Lomb/International. The bottom line is likely to be dragged by the weakness in the top-line and higher operating expenses.

Chipmaker Analog Devices (ADI) is set to post first-quarter results on Wednesday. Analysts project earnings to fall 9.90% to $1.28 per share as a decline in the industrial and communications segments could hurt the top line. Revenue is predicted to move down 0.60% to $1.51 billion due to weak demand for its products in the B2B market.

Picture Courtesy: Pixabay.com

Agilent Technologies (A) will report Q1 earnings on Wednesday after the bell. Analysts see a profit of $0.73 per share on revenue of $1.27 billion. The results will be benefited by the broad-based strength across major end markets, platforms, and regions in the Life Sciences and Applied Markets Group segment. The company’s other segments – CrossLab Group and Diagnostics and Genomics Group – could also post growth for the quarter.

Domino’s Pizza (DPZ) could post Q4 results on Thursday before the bell. Earnings are anticipated to climb 29.20% to $2.70 per share and revenue is likely to rise 22.90% to $1.1 billion. The fast-food chain’s results will be benefited by strong retail sales growth and franchisee economics. The top line could be driven by an uptick in orders and higher store count.

Hormel Foods Corporation (HRL) will report Q1 earnings on Thursday. Analysts see a profit of $0.44 per share on revenue of $2.39 billion. The bottom line could be hurt by an increase in costs and expenses. The top line growth could be driven by strength in branded products such as Hormel pepperoni and higher exports of SPAM luncheon meat and Skippy peanut butter.

As TV-streaming service Roku Inc. (ROKU) announces Q4 results on Thursday after the bell, analysts expect earnings of $0.03 per share on revenue of $261.62 million. The bottom line could be hurt by higher costs and expenses as well as an increase in income tax expense. The top line growth could be driven by a growth in the platform segment. The management had a bullish estimate for the quarter with a 40% growth in the number of active accounts.

Dropbox (DBX), which went public in March last year, will announce fourth-quarter earnings on Thursday. Analysts expect earnings of $0.08 per share on revenue of $370.01 million for the quarter. The results will be driven by an increase in average revenue per user and in paying users. Also, healthy top-line growth and expanding free cash flow margins could benefit quarterly performance.

Payroll solutions provider Intuit Inc. (INTU) will report Q2 results on Thursday. Analysts predict earnings to climb 148.60% to $0.87 per share and revenue to increase 26.60% to $1.48 billion. The results will be benefited by higher income tax benefit and growth in small business online ecosystem revenue. The QuickBooks Online subscribers are likely to rise for the quarter.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top