S&P 500 Earning Preview for the Week Beginning May 18, 2020

Next week many of the large-cap retailers will report earnings. This includes Walmart, Target, Home Depot, Lowes, BJs,  Macy’s, Best buy, Footlock, and Alibaba. Earnings are likely to focus on the ability of each of the companies to deliver on their e-commerce platforms. There was very little foot traffic in the Q1, but sales alcohol and groceries increase year over year and quarter over quarter. The retailers will kick off earnings on Tuesday.

Tuesday

Walmart (WMT), Home Depot (HD) and Advanced Autoparts

Advanced Autoparts is expected to release Q1 financial results after the opening bell. The company is expected to earn $1.75 per share on $2.74 billion in revenue. This compares to $1.35 per share in the prior quarter. Earnings forecast has come down 22% in the last 30-days dropping from $2.25 per share to $1.75 per share.

Wednesday

Target(TGT), Lowes (LOW) and Analogue Devices (ADI)

Thursday

Macy’s (M), Best Buy (BBY), TJX Companies (TJX), BJ Wholesale (BJ)

Friday

Alibaba(BABA), Deere (DE), Footlocker (FL)

This article was originally posted on FX Empire

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