We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Q2 earnings season is largely behind us, with over 90% of S&P 500 companies already revealing quarterly results.
Earnings season hasn’t been great, but not bad, given the prior fears of an impending earnings ‘meltdown.’
For the S&P 500 companies that have reported, total earnings are down -9.6% year-over-year on +0.4% higher revenues.
In addition, 78.8% have exceeded EPS estimates, and 65.0% have beat revenue expectations.
While the bulk of the Q2 cycle is behind us, many notable companies are still slated to report next week, including Home Depot (HD - Free Report) , Target (TGT - Free Report) , and Deere & Co. (DE - Free Report) . But how do estimates stack up heading into the release?
Let’s take a closer look.
Target
Analysts have lowered their expectations for the upcoming release over the last several months, with the $1.49 Zacks Consensus EPS Estimate down more than 5%. Still, the company is expected to post significant growth, as the estimate reflects a positive 280% change from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate stands at $25.6 billion, modestly lower than the year-ago figure. The earnings bump and revenue decline likely reflect more effective cost controls. It’s worth noting that the quarterly estimate has been revised 1% lower since mid-May.
The company posted bottom line results well above expectations in its latest release, exceeding the Zacks Consensus EPS Estimate by nearly 20% but falling short of revenue expectations modestly. Shares have faced selling pressure in back-to-back releases, as shown below.
Image Source: Zacks Investment Research
Home Depot
Analysts have primarily kept their expectations for the quarter to be reported, with the $4.46 Zacks Consensus EPS Estimate unchanged over the last 60 days. The value reflects a 12% pullback in earnings from the year-ago quarter.
Home Depot is forecasted to bring in $42.2 billion per the Zacks Consensus Estimate, reflecting a modest pullback of 3.5% from the year-ago quarter. The quarterly estimate has been taken a fractional 0.4% lower since mid-May.
The company posted somewhat mixed results in its latest release, exceeding earnings expectations but marginally falling short of the consensus revenue estimate. Still, the market reacted highly positively to the print, causing HD shares to embark on a fresh uptrend post-earnings.
Image Source: Zacks Investment Research
Deere & Co.
Over the last several months, analysts have slightly lowered their expectations, with the $8.12 per share Zacks Consensus Estimate down 0.4% but reflecting year-over-year growth of more than 30%.
Image Source: Zacks Investment Research
The machinery titan’s revenue is forecasted to see a solid improvement as well, as the $14.2 billion quarterly estimate implies growth of nearly 10% year-over-year. In addition, the quarterly estimate has been revised 2% lower since mid-May.
Image Source: Zacks Investment Research
Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. Shares faced selling pressure post-earnings but have since recovered nicely, as we can see below.
Image Source: Zacks Investment Research
Bottom Line
Earnings season is slowly winding down, with most S&P 500 members already revealing quarterly results. The Q2 cycle has largely been better than feared, helping to keep sentiment in check.
Home Depot reports on August 15th, Target on the 16th, and Deere on the 18th.
Target and Deere are forecasted to post solid earnings growth, whereas Home Depot’s earnings are forecasted to decline from the year-ago period. HD and DE currently sport a Zacks Rank #3 (Hold), whereas TGT carries a Zacks Rank #4 (Sell), indicating bearish revisions among analysts.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
3 Upcoming Quarterly Releases Investors Can't Ignore
The Q2 earnings season is largely behind us, with over 90% of S&P 500 companies already revealing quarterly results.
Earnings season hasn’t been great, but not bad, given the prior fears of an impending earnings ‘meltdown.’
For the S&P 500 companies that have reported, total earnings are down -9.6% year-over-year on +0.4% higher revenues.
In addition, 78.8% have exceeded EPS estimates, and 65.0% have beat revenue expectations.
While the bulk of the Q2 cycle is behind us, many notable companies are still slated to report next week, including Home Depot (HD - Free Report) , Target (TGT - Free Report) , and Deere & Co. (DE - Free Report) . But how do estimates stack up heading into the release?
Let’s take a closer look.
Target
Analysts have lowered their expectations for the upcoming release over the last several months, with the $1.49 Zacks Consensus EPS Estimate down more than 5%. Still, the company is expected to post significant growth, as the estimate reflects a positive 280% change from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate stands at $25.6 billion, modestly lower than the year-ago figure. The earnings bump and revenue decline likely reflect more effective cost controls. It’s worth noting that the quarterly estimate has been revised 1% lower since mid-May.
The company posted bottom line results well above expectations in its latest release, exceeding the Zacks Consensus EPS Estimate by nearly 20% but falling short of revenue expectations modestly. Shares have faced selling pressure in back-to-back releases, as shown below.
Image Source: Zacks Investment Research
Home Depot
Analysts have primarily kept their expectations for the quarter to be reported, with the $4.46 Zacks Consensus EPS Estimate unchanged over the last 60 days. The value reflects a 12% pullback in earnings from the year-ago quarter.
Home Depot is forecasted to bring in $42.2 billion per the Zacks Consensus Estimate, reflecting a modest pullback of 3.5% from the year-ago quarter. The quarterly estimate has been taken a fractional 0.4% lower since mid-May.
The company posted somewhat mixed results in its latest release, exceeding earnings expectations but marginally falling short of the consensus revenue estimate. Still, the market reacted highly positively to the print, causing HD shares to embark on a fresh uptrend post-earnings.
Image Source: Zacks Investment Research
Deere & Co.
Over the last several months, analysts have slightly lowered their expectations, with the $8.12 per share Zacks Consensus Estimate down 0.4% but reflecting year-over-year growth of more than 30%.
Image Source: Zacks Investment Research
The machinery titan’s revenue is forecasted to see a solid improvement as well, as the $14.2 billion quarterly estimate implies growth of nearly 10% year-over-year. In addition, the quarterly estimate has been revised 2% lower since mid-May.
Image Source: Zacks Investment Research
Deere posted notably strong results in its latest release, exceeding earnings and revenue expectations by 13% and 8%, respectively. Shares faced selling pressure post-earnings but have since recovered nicely, as we can see below.
Image Source: Zacks Investment Research
Bottom Line
Earnings season is slowly winding down, with most S&P 500 members already revealing quarterly results. The Q2 cycle has largely been better than feared, helping to keep sentiment in check.
Still, many notable companies have yet to report, including Deere & Co. (DE - Free Report) , Home Depot (HD - Free Report) , and Target (TGT - Free Report) .
Home Depot reports on August 15th, Target on the 16th, and Deere on the 18th.
Target and Deere are forecasted to post solid earnings growth, whereas Home Depot’s earnings are forecasted to decline from the year-ago period. HD and DE currently sport a Zacks Rank #3 (Hold), whereas TGT carries a Zacks Rank #4 (Sell), indicating bearish revisions among analysts.