Earnings Calendar, Week of Nov. 13-17, 2017 (CSCO, WMT, BBY)finance Kiplinger.com — Kyle Woodley, Senior Investing Editor, Kiplinger.com
Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.
EARNINGS CALENDAR HIGHLIGHTS
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Earnings Spotlight: Cisco Systems (CSCO) - Switchers and routers specialist Cisco will report results for its fiscal first quarter (ended Oct. 28) after the closing bell on Wednesday, Nov. 15, and Wall Street has set a low bar. Analysts expect a 2% decline in revenues to $12.1 billion, resulting in a 1.6% dip in profits to 60 cents per share. Those numbers are almost right in line with its previous earnings report - a marginally disappointing performance that prompted Merrill Lynch to maintain its "Neutral" (equivalent of hold) rating on the stock. In the note, Merrill Lynch analysts said "We rate Cisco a Neutral based on our belief that its revenues will decelerate through 2018 driven by market share declines and market growth deceleration. We also believe margins are near their peak and see capital returns slowing over the next 12-18 months." Keep an eye on revenues from the core switches and routers business for signs of continued decay.
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Earnings Spotlight: Best Buy (BBY) - Best Buy has gained about 31% this year, roughly doubling the S&P 500's performance. However, the electronics retailer's momentum has fizzled out, trading essentially flat ever since a late May spike prompted by impressive first-quarter same-store sales. That's in part because of an August dip following decent results for its second quarter. UBS analyst Michael Lasser said soon after the report, "Our argument is from here it really needs to drive earnings growth in order for the stock to appreciate significantly." Best Buy's next chance to prove itself will come Thursday before the opening bell, when Wall Street will be expecting a 4.7% advance in revenues to $9.4 billion, filtering down to a 30% jump in profits to 78 cents per share.
Earnings Spotlight: Walmart Stores (WMT) - Walmart is matching Best Buy with 31% gains so far in 2017, with several factors - such as a $20 billion buyback plan announced in October - fueling the rally. The company could keep rolling if it beats third-quarter expectations Thursday morning; analysts project a 2.3% uptick in sales to $120.9 billion, and a 1% drop in profits to 97 cents per share. But the key area to watch is e-commerce sales. The retailer wowed Wall Street in May by reporting a 63% burst in first-quarter online revenues - heavily powered by the acquisition of Jet.com and founder Marc Lore - then followed that up with Q2 online sales growth of 60%. Walmart's suddenly robust online offerings give it a fighting chance against the advances of Amazon.com (AMZN), so analysts will be eager to see whether this trend continued for another quarter.
Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.
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