Top Companies to Report Earnings this Week | November 14th – 18th

U.S. stocks are coming off of their best week since June! 🥳

Lighter inflation data rekindled investor hopes that a monetary policy shift is near, but key earnings results from retailers could put that optimism to the test. 🤔

Walmart ($WMT), Target ($TGT), Alibaba ($BABA) and others top a lengthy docket scheduled to release financials this week. 📈

So, earnings highlights to look out for 👇

Tuesday, November 15th

• Walmart Inc ($WMT.N) – The US retailer reported Q2 revenues of $152.86 billion, and profits of $1.77 a share. The retailer maintained its outlook for the second half of the year, while improving its full year guidance for EPS to a decline of 9-11% from 11-13%. For Q3, Walmart said it expects to see revenues of $147.55 billion and profits of $1.31 a share on slightly lower operating margins of 3.6%.

Wednesday, November 16th

• Cisco Systems Inc ($CSCO.OQ) – Ever since Cisco posted a profit warning in May, the shares have struggled to recover, hitting their lowest levels since November 2020. We’ve seen a modest rebound since then. For the new fiscal year, Cisco said it sees Q1 revenue growth of between 2% and 4%, which was above expectations, while profits are forecast to come in at $0.83 a share.
• NVIDIA Corp (NVDA.OQ) – Back in August, Nvidia slashed its revenue outlook to $6.7 billion while saying it expected gross margins to fall to 43.7% from 65.1%, potentially impacting profits as well. The downgrade was attributed to a big drop in gaming revenue, which is down 44% from Q1. For Q3, Nvidia was equally pessimistic about revenues, downgrading their outlook from $6.92 to $5.9 billion, suggesting that the slowdown in sales is likely to continue.
• Target Corp (TGT.N) – Target missed the mark on revenues and profits in Q2, sending the shares lower in early trade. Q2 revenues came in at $25.65 billion, below expectations of $25.85 billion, while profits came in at $0.39 a share against a forecast of $0.77. For the rest of the year, Target says it still sees full year revenue growth in the low to mid-single digits.

Thursday, November 17th

• Alibaba Group Holding Ltd $BABA.N – The Chinese e-commerce behemoth could report its first year-on-year expansion in adjusted margin since 2019. Analysts are expecting sales to have grown by 4.3% in the fiscal second quarter — down from the 29.4% gain seen in the same period last year — mirroring revenue concerns raised by JPMorgan when it cut the price target in September.

*Please note that dates and/or times of the release are subject to change.