Earnings week forward: Nvidia, Zoom, Peloton, Macy’s, Salesforce, Greenback Basic and extra

Subsequent week will see all kinds of high-profile firms launch their quarterly outcomes. The earnings parade contains names within the cybersecurity, semiconductor, retail, auto and meals manufacturing areas.

Particularly, Wall Avenue will digest experiences from distinguished tech names like Zoom (NASDAQ:ZM), Nvidia (NVDA), Palo Alto Networks (PANW) and Salesforce (CRM). Retailers may even be a primary focus, with updates scheduled from Macy’s (M), Greenback Basic (DG) and The Hole (GPS).

Beneath is a curated listing of experiences due within the week of August 22-26:

Monday, August 22

Palo Alto Networks (PANW)

Santa Clara-based cybersecurity firm Palo Alto Networks (PANW) is because of post its earnings after the close on Monday. Whereas shares have outperformed benchmark indices for the complete 12 months, the inventory has pared positive aspects because the shut of the primary calendar quarter, when it peaked at $640.90. Nonetheless, the inventory stays a favourite on Wall Avenue with 35 of 37 analyst ratings collected by Seeking Alpha reflecting a bullish advice.

Amongst this group, Wedbush analyst Dan Ives named Palo Alto Networks (PANW) a top pick going into the earnings launch. He defined that the corporate ought to see a “large tailwind” because it continues to shift to the cloud.

Consensus EPS Estimates: $2.28

Consensus Income Estimates: $1.54B

Earnings Perception: Palo Alto has pushed again EPS and income estimates in 8 straight quarters.

Zoom Video Communications (ZM)

Zoom Video Communications (ZM) is because of report after the shut on Monday. Shares of the video conferencing firm have fallen over 80% from their 2020 pandemic peak. This features a drop of about 70% in simply the previous 12 months.

Amid the decline, main traders like Tiger Global have exited positions within the inventory. Forward of the outcomes, analysts stay largely impartial, according to Seeking Alpha data. Nonetheless, the inventory has risen over 20% from its Could lows.

Consensus EPS Estimates: $0.93

Consensus Income Estimates: $1.12B

Earnings Perception: Zoom has crushed EPS and income estimates in 100% of the previous 8 quarters.

Additionally reporting: Flexsteel (FLXS) and Nordson Company (NDSN)

Tuesday, August 23

Macy’s (M)

Macy’s (M) will submit its second quarter earnings outcomes previous to the market open on Tuesday. Shares of the Ohio-based division retailer chain have run scorching forward of the report, with the inventory marking a gain of over 15% prior to now month, constructing again from a mid-July 52-week low of $15.85.

The upswing has come regardless of the current launch of downbeat US retail gross sales information. In the meantime, the sector has additionally confronted just a few notable earnings disappointments from the likes of TJX Corporations (TJX) and Goal (TGT).

Forward of the outcomes, UBS analyst Jay Sole struck a cautious tone. “Macy’s is sweet at many issues, however must be nice at one thing vital to its prospects in an effort to differentiate and cease share loss,” he told clients. “We doubt this can change and thus anticipate M to fall wanting the market’s earnings expectations over time.”

Consensus EPS Estimates: $0.88

Consensus Income Estimates: $5.50B

Earnings Perception: Macy’s has exceeded EPS and income estimates in 8 straight quarters.

JD.com (JD)

Chinese language e-commerce big JD.com (JD) will provide an replace on operations previous to the market open on Tuesday. Shares of the Beijing-based tech firm noticed strain currently after Ray Dalio’s Bridgewater Associates disclosed that it has sold off its Chinese tech stock holdings, together with JD.com. Nonetheless, different traders have taken a extra upbeat view of the inventory. For instance, Coatue Administration has increased its stake in JD.

Consensus EPS Estimates: $0.41

Consensus Income Estimates: $38.58B

Earnings Perception: JD.com has crushed EPS estimates in 5 of the previous 8 quarters, exceeding income estimates in all 8 of these quarters.

Additionally reporting: XPeng (XPEV), Dick’s Sporting Items (DKS), Dole (DOLE), J.M. Smucker (SJM)

Wednesday, August 24

Nvidia (NVDA)

Semiconductor stalwart Nvidia (NVDA) is because of report after the market shut on Wednesday. Whereas shares have bought off greater than 35% 12 months up to now, a double-digit rebound has marked the previous month.

This basic restoration has come regardless of a setback earlier this month, when the corporate issued a downbeat pre-announcement. In the meantime, Financial institution of America analyst Vivek Arya warned that one other steering lower might be in retailer as administration seeks to reset expectations.

On the bullish facet, analyst Tom White stays optimistic, saying “it’s still game on” for the inventory regardless of the warning. This comes amid White’s projections for long-term income development within the low 30% vary.

Consensus EPS Estimates: $3.74

Consensus Income Estimates: $29.34B

Earnings Perception: Nvidia has crushed EPS and income expectations in 8 consecutive quarters.

Salesforce.com (CRM)

San Francisco-based Salesforce (CRM) is because of report earnings after the shut on Wednesday. Wall Avenue has a long-term bullish view on the inventory, with 33 Robust Purchase scores and 11 Purchase scores among the many 49 analyst opinions compiled by Seeking Alpha.

Expressing the optimistic view, analyst Michael Fitzsimmons mentioned that given the inventory’s fall from its 2021 highs, it represents a beautiful alternative at these ranges.

The inventory has additionally drawn some high-profile assist currently. For instance, David Tepper’s Appaloosa lately took a brand new stake within the agency, per a recent 13-F filing. In the meantime, Soros Fund Administration added to its position prior to now quarter as effectively. Nonetheless, CRM has seen some sellers as effectively, akin to Tiger World, which exited its position within the inventory.

Consensus EPS Estimates: $1.03

Consensus Income Estimates: $7.70B

Earnings Perception: Salesforce has crushed EPS estimates in 7 of the previous 8 quarters, notching income beats in all 8 of these experiences.

Additionally reporting: Victoria’s Secret (VSCO), Petco Well being & Wellness (WOOF), Brinker Worldwide (EAT)

Thursday, August 25

Peloton (PTON)

Interactive health firm Peloton (PTON) is because of submit its fiscal fourth quarter earnings previous to the market open on Thursday. Shares of the New York-based firm have proven power prior to now month, leaping over 30% alongside a broader market rebound.

Nonetheless, this current restoration has solely regained a small portion of the losses recorded since shares reached their pandemic highs. Total, the inventory has cratered almost 90% prior to now 12 months amid considerations about debt and flagging post-pandemic demand.

Shortly earlier than the report, the corporate introduced a 784-person headcount reduction. In the meantime, the upcoming report would be the debut for newly-minted CFO Liz Coddington. Amid this transition, analyst Gary Alexander sees potential, saying in a current report “this is Peloton’s rebound moment.”

Consensus EPS Estimates: $-0.77

Consensus Income Estimates: $682.94M

Earnings Perception: 6,5

Greenback Basic (DG)

Low cost retailer Greenback Basic (DG) will report in premarket hours on Thursday, becoming a member of its shut peer Greenback Tree (DLTR). Headed into the earnings report, Wall Avenue has a typically optimistic view of the inventory, with 19 of 26 analysts surveyed by Looking for Alpha presenting a bullish opinion of the inventory.

This listing contains Morgan Stanley, which recognized DG as a resilient retail title amid anticipated shopper weak point and rising inflation. The financial institution’s analyst additionally argued that the corporate represents a superior choice to Dollar Tree.

Nonetheless, there are cautious voices as effectively. As an illustration, BMO Capital Markets analyst Kelly Bania said, “Regardless of our perception that DG’s execution stays robust and our expectation for an acceleration in comps as DG advantages from a extra worth delicate surroundings, we consider this robust outlook is precisely mirrored within the shares presently.”

Consensus EPS Estimates: $2.93

Consensus Income Estimates: $9.39B

Earnings Perception: Greenback Basic has crushed EPS estimates in 6 of the previous 8 quarters, exceeding income expectations 7 occasions in that span.

Additionally reporting: Ulta Magnificence (ULTA), Greenback Tree (DLTR), Marvell Expertise (MRVL), Burlington Shops (BURL), TD Financial institution Group (TD), Farfetch (FTCH), The Hole (GPS), and Abercrombie & Fitch (ANF)

Friday, August 26

JinkoSolar Holding Co. (JKS)

Photo voltaic know-how firm JinkoSolar Holding Co. (JKS) is because of report in premarket hours on Friday. The Chinese language photo voltaic firm has been a winner to this point in 2022, rising over 35% amid intensified curiosity in clear power names. This has been undercut considerably by considerations associated to Chinese regulators’ actions to curb polysilicon costs.

Consensus EPS Estimates: $0.73

Consensus Income Estimates: $2.27B

Earnings Perception: JinkoSolar has exceeded EPS and income expectations in 6 of the previous 8 quarters.