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Rising concerns about an international trade war and fears that Facebook’s user data scandal could hurt tech stocks created market-wide volatility this week, with the S&P 500 surrendering all of its year-to-date gains in the process. Now, investors will hope that a fresh wave of strong earnings results will help stocks get back on track.
With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 26.
Trendy athletic clothing retailer Lululemon is scheduled to release its latest quarterly financial results after the market closes on March 27. LULU shares have moved higher since the company’s last report, and the stock has looked like one of the strongest in the retail sector in recent months. Still, Lululemon comes into its earnings announcement near an all-time high, so expectations will be high.
Our current consensus estimates are calling for LULU to post adjusted earnings of $1.27 per share and revenues of $900.2 million. These results would represent 27% earnings growth and 14% sales growth. LULU is also trading with a Forward P/E of 26.8, so investors are already paying a premium for this retail stock.
2. Restoration Hardware Holdings Inc. (RH - Free Report)
Home furnishing manufacturer and retailer Restoration Hardware is slated to announce its latest earnings figures after the closing bell on March 27. After a great 2017, RH has struggled to maintain its momentum, and the stock has actually slumped about 15% over the past three months. However, a strong management team keeps investors excited about the possibilities whenever this company reports.
Based on our latest Zacks Consensus Estimates, we expect Restoration Hardware to report adjusted earnings of $1.57 per share and revenues of $671.5 million. These figures would represent earnings growth of 131% and revenue growth of 15%. RH’s recent selloff has left its Forward P/E at an attractive 14.2, so look for this stock to attract value investors if its results impress again.
Mobile phone icon turned security software designer BlackBerry is expected to release its latest quarterly earnings report before the market opens on March 28. BlackBerry’s new focus has helped the stock pick up some much-needed steam, with shares moving about 80% higher over the past year. Still, BB looks to have room to run higher if its report is positive.
According to our most recent consensus estimates, BlackBerry is projected to report break-even earnings on an adjusted basis, down from a $0.02 per share profit in the year-ago period. Revenues are expected to come in at $211.0 million, down about 26%. Nevertheless, investors will be interested in hearing about the company’s new partnerships with the likes of Microsoft (MSFT).
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Upcoming Earnings Reports to Watch: LULU, RH, BB
Rising concerns about an international trade war and fears that Facebook’s user data scandal could hurt tech stocks created market-wide volatility this week, with the S&P 500 surrendering all of its year-to-date gains in the process. Now, investors will hope that a fresh wave of strong earnings results will help stocks get back on track.
With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 26.
1. Lululemon Athletica Inc. (LULU - Free Report)
Trendy athletic clothing retailer Lululemon is scheduled to release its latest quarterly financial results after the market closes on March 27. LULU shares have moved higher since the company’s last report, and the stock has looked like one of the strongest in the retail sector in recent months. Still, Lululemon comes into its earnings announcement near an all-time high, so expectations will be high.
Our current consensus estimates are calling for LULU to post adjusted earnings of $1.27 per share and revenues of $900.2 million. These results would represent 27% earnings growth and 14% sales growth. LULU is also trading with a Forward P/E of 26.8, so investors are already paying a premium for this retail stock.
2. Restoration Hardware Holdings Inc. (RH - Free Report)
Home furnishing manufacturer and retailer Restoration Hardware is slated to announce its latest earnings figures after the closing bell on March 27. After a great 2017, RH has struggled to maintain its momentum, and the stock has actually slumped about 15% over the past three months. However, a strong management team keeps investors excited about the possibilities whenever this company reports.
Based on our latest Zacks Consensus Estimates, we expect Restoration Hardware to report adjusted earnings of $1.57 per share and revenues of $671.5 million. These figures would represent earnings growth of 131% and revenue growth of 15%. RH’s recent selloff has left its Forward P/E at an attractive 14.2, so look for this stock to attract value investors if its results impress again.
3. BlackBerry Limited (BB - Free Report)
Mobile phone icon turned security software designer BlackBerry is expected to release its latest quarterly earnings report before the market opens on March 28. BlackBerry’s new focus has helped the stock pick up some much-needed steam, with shares moving about 80% higher over the past year. Still, BB looks to have room to run higher if its report is positive.
According to our most recent consensus estimates, BlackBerry is projected to report break-even earnings on an adjusted basis, down from a $0.02 per share profit in the year-ago period. Revenues are expected to come in at $211.0 million, down about 26%. Nevertheless, investors will be interested in hearing about the company’s new partnerships with the likes of Microsoft (MSFT).
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>