Earnings week ahead May 20-24. NVIDIA, Zoom, Lowe’s, Target, Workday and more.

Earnings week:- a variety of major companies will release their quarterly financial results, including tech giants Zoom, NVIDIA, Snowflake, Palo Alto Networks, Workday, and Analog Devices, as well as retailers like Target, Lowe’s, Macy’s, Ross Stores, TJX Companies, Ralph Lauren, and Urban Outfitters.

Chinese companies like Weibo, NetEase, Bilibili, GOTU, XPeng, Li Auto, Medtronic, SunPower, ZIM, TD, PDD, and Intuit are set to report next week, attracting investors.

Monday, May 20

Zoom Video Communications

Zoom Video Communications (ZM) is set to report Q1 results, with analysts expecting a 2% year-over-year growth in revenue and earnings. The stock has fallen 10% year to date and is currently trading at a cheap valuation of approximately 8x ex-cash P/E.

Consensus EPS and Revenue Estimates:

•  EPS Estimates: $1.19
•  Revenue Estimates: $1.13B
• Beats EPS estimates in 8 quarters.
• Increased revenue in 6 reports.

Also reporting: Palo Alto Networks (PANW), Li Auto (LI), Wix.com (WIX), Keysight Technologies (KEYS), Trip.com Group Limited (TCOM), EHang Holdings Limited (EH), Niu Technologies (NIU), Global-E Online (GLBE), Beam Global (BEEM), Compugen (CGEN), Merrimack Pharmaceuticals (MACK), Ryanair (RYAAY) and more.

Tuesday, May 21

Lowe’s

Lowe’s Companies is set to release its quarterly report, following mixed Q1 results from Home Depot. Wall Street analysts recommend a Buy rating, while Seeking Alpha maintains a Hold rating. Pershing Square Capital Management exited in Q1, while Perseus Perspectives suggests holding.

• EPS Estimates: $2.96
•  Revenue Estimates: $21.1B

Lowe’s Outperforms EPS and Revenue

• Beats estimates in 8 consecutive quarters.
• Exceeds revenue expectations in 3 reports.

Also reporting: Amer Sports (AS), XPeng (XPEV), ZIM Integrated Shipping Services (ZIM), AutoZone (AZO), Toll Brothers (TOL), Ayro (AYRO), Trevena (TRVN), Cracker Barrel Old Country Store (CBRL), Titan Pharmaceuticals (TTNP), Affimed N.V. (AFMD), Gaotu Techedu (GOTU), Burlington Stores (BURL) and more.

Wednesday, May 22

NVIDIA

NVIDIA is set to report Q1 earnings, with analysts expecting 240% revenue growth and over 400% EPS growth. Despite a Strong Buy consensus, Seeking Alpha analysts assign a Hold rating due to unfavorable valuation.

•  EPS Estimates: $5.57
• Revenue Estimates: $24.5B

Nvidia’s Earnings Insight:

• Outperformed EPS estimates in 6 out of 8 quarters.
• Exceeded revenue expectations in all.

Target (TGT)

Target (TGT) is set to announce its quarterly earnings, expecting a softer Q1 with a 3% to 5% decline in comparable sales. Citi upgraded the retailer to a Buy rating, with analysts highlighting its potential to enhance EBIT margin. Wall Street is generally bullish on the stock, with uncertainty surrounding revenue growth and operating margins.

•  EPS Estimates: $2.05
• Revenue Estimates: $24.5B

“Company Beats EPS and Revenue Estimates”

• Beats EPS in 5 out of 8 quarters.
• Tops revenue in 6 out of 8 reports.

Also reporting: Snowflake (SNOW), PDD Holdings (PDD), The TJX Companies (TJX), Analog Devices (ADI), Sibanye Stillwater Limited (SBSW), V.F. Corporation (VFC), Star Bulk Carriers (SBLK), Sociedad Química y Minera de Chile S.A. (SQM), Vipshop Holdings Limited (VIPS), Synopsys (SNPS), Williams-Sonoma (WSM), Hovnanian Enterprises (HOV), Petco Health and Wellness Company (WOOF), Universal Corporation (UVV) and more.

Thursday, May 23

Workday

Workday is set to release its Q1 results, with analysts expecting a Y/Y surge in EPS and revenue. The company has significant growth opportunities in overseas markets like the UK, Spain, France, and Japan.

• EPS Estimates: $1.58
• Revenue Estimates: $1.97B

“Company Beats EPS Estimates in 8 Quarters”

• Exceeded revenue predictions.
• Beated EPS estimates in 7 out of 8 quarters.

Also reporting: Polestar Automotive Holding (PSNY), Medtronic (MDT), SunPower Corporation (SPWR), Intuit (INTU), Bilibili (BILI), Ross Stores (ROST), NetEase (NTES), KNOT Offshore Partners LP Common Units (KNOP), Weibo Corporation (WB), 23andMe Holding (ME), National Grid (NGG), Emeren Group (SOL), Ralph Lauren Corporation (RL), Lions Gate Entertainment (LGF.A), Deckers Outdoor Corporation (DECK), BJ’s Wholesale Club Holdings (BJ), Maxeon Solar Technologies (MAXN), The Children’s Place (PLCE), and more.

Friday, May 24

Booz Allen Hamilton

Booz Allen Hamilton is set to release its quarterly financial report, with analysts predicting a Y/Y rise in EPS and revenue. Despite a 20% increase in shares in 2024, Seeking Alpha’s Quant Rating system rates the stock as a Hold, while Wall Street analysts recommend a Buy.

• EPS Estimates: $1.23
• Revenue Estimates: $2.72B

“Company Beats EPS Estimates in 8 Quarters”

• Exceeded revenue expectations.
• Beated EPS estimates in 7 out of 8 quarters.

Also reporting: The Buckle (BKE), Mesa Laboratories (MLAB), Fanhua (FANH), Sunlands Technology Group (STG), Trinity Biotech plc (TRIB), CorVel Corporation (CRVL), CureVac N.V. (CVAC), UP Fintech Holding Limited (TIGR) and more.

Must read book about investing – check here

Earnings