Earnings week is light due to the Juneteenth holiday, but important names like Aurora Cannabis and Kroger are on the docket.
KB Home, Lennar, CarMax, and Accenture will provide insights into housing industry performance, auto sales, and AI spending plans.
Monday, June 17
Lennar
Lennar is set to report its quarterly earnings, with analysts expecting a Y/Y rise in EPS and revenue. However, uncertainty persists due to interest rate issues and declining home sales, as a weakening economy and rising unemployment could reduce housing demand.
- EPS Estimates: $3.23
- Revenue Estimates: $8.55B
- Company Exceeds EPS Expectations in 8 Quarters
- Missed revenue estimates twice.
La-Z-Boy (LZB), Quantum (QMCO) and more.
Tuesday, June 18
KB Home
KB Home is set to report financial figures after market close, with analysts expecting Y/Y declines in revenue and earnings. Its Hold rating follows Lennar’s results and KB Home’s recent $1B buyback plan.
Consensus EPS and Revenue Estimates:
- EPS Estimates: $1.81
- Revenue Estimates: $1.65B
- Beats EPS expectations in 7 out of 8 quarters.
- Tops revenue estimates twice.
Also reporting: Patterson Companies (PDCO), America’s Car-Mart (CRMT), Golden Matrix Group (GMGI), Qudian (QD) and more.
Wednesday, May 29
Markets closed for the Juneteenth holiday
Thursday, May 30
Kroger Co.
Kroger Co. is set to release its quarterly results on Thursday, despite being rated as a Buy by Wall Street. The company is attempting to secure FTC approval for its merger with Albertsons, which could lead to a decline in performance due to rising food and gasoline costs.
Accenture
Accenture (ACN) is set to report its results before the market opens, despite a 20% decline in 2024 shares. The stock has a Hold rating from Seeking Alpha, while Wall Street analysts have a consensus Buy rating. However, SA investing group leader Michael Wiggins De Oliveira warns of uncertainties in the company’s growth trajectory.
- EPS Estimates: $3.17
- Revenue Estimates: $16.59B
- Topped EPS estimates in 7 out of 8 quarters.
- Overcame revenue estimates 6 times.
Also reporting: Aurora Cannabis (ACB), Darden Restaurants (DRI), Jabil (JBL), Commercial Metals Company (CMC), GMS (GMS), Winnebago Industries (WGO), Tsakos Energy Navigation (TEN), Algoma Steel Group (ASTL), Smith & Wesson Brands (SWBI), Mesabi Trust (MSB) and more.
Friday, May 31
CarMax
CarMax is set to announce its quarterly results, with analysts anticipating a profit decline of over 31%. Wall Street rates the stock as a Buy, while Seeking Alpha assigns it a Hold. John Murphy downgrades CarMax to Underperform.
- EPS Estimates: $0.98
- Revenue Estimates: $7.21B
- Beats EPS expectations in 4 out of 8 quarters.
- Tops revenue estimates in 5 reports.
Also reporting: FactSet Research Systems (FDS), Evergreen Corporation (EVGR), Technology & Telecommunication Acquisition Corporation (TETE), Kaival Brands Innovations Group (KAVL), Sonoma Pharmaceuticals (SNOA), and more.
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Earnings