(LOW) Earnings Season Quieting Down – Earnings Preview

Earnings Preview – Week of May 21st

It will be a relatively quiet week on the earnings front, as there are only a few reports left before we close the books on the first quarter earnings season. This turned out to be a positive reporting season, with the growth rate, surprises and percentage of beats coming ahead of pre-season expectations.

We will get reports from about 100 companies this week, including 17 companies in the S&P 500, which will take the complete tally of S&P 500 results to 495 by the end of the week.

The economic calendar this week is on the light side as well, which means that headlines from Europe will likely continue to drive market activity on a day-to-day basis. We will get reports on New and Existing Home Sales, Durable Goods and the regular weekly Jobless Claims.

Monday – 5/21

  • There is nothing significant on the economic calendar today.
  • The key earnings release is from Loews Co. (LOW) in the morning. We will also have results from Krispy Kreme (KKD) and Campbell Soup (CPB) in the morning.

Tuesday – 5/22

  • We will get the April Existing Home sales data after the markets open, with expectations for sales increasing to 4.6 million annualized pace from March’s 4.48 million pace.
  • On the earnings front, Best Buy (BBY) and AutoZone (AZO) will report in the morning, while Dell (DELL) will report after the markets close.

Wednesday – 5/23

  • The April New Home Sales will come in the morning a little after the markets open, with expectations of an increase to a 335K annualized pace from March’s 328K pace.
  • On the earnings front, Big Lots (BIG) will report in the morning, while Hewlett-Packard (HPQ) will report after the markets close.

Thursday – 5/14

  • We will get another look at the labor market through the weekly Jobless Claims data in the morning. We will also get the April Durable Goods report before the market opens.
  • The Jobless Claims data appears to have been in consolidation mode over the last two weeks after dropping sharply in the week prior to that. It will be interesting to see whether we will see another ‘unchanged-type’ reading this week or claims will start failing again.
  • We will get results from Costco (COST), Heinz (HNZ) and Tiffany (TIF) in the morning.

Friday – 5/25

  • Nothing major on the economic and earnings calendar today.

To read this article on Zacks.com click here.

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.


Powered by Facebook Comments

Similar Posts: | | | | | | | | | | | | | | | | | | | | | | Home Improvement Stores | Services

RSS feeds: AutoZone Inc. | AZO | BBY | Best Buy Company Inc | BIG | Big Lots Inc. | Campbell Soup Company | COST | Costco Wholesale Corporation | CPB | DELL | Dell Inc. | Hewlett-Packard Company | HJ Heinz Company | HNZ | HPQ | KKD | Krispy Kreme Doughnuts Inc. | LOW | Lowe's Companies Inc. | TIF | Tiffany & Company | Home Improvement Stores | Services |

Other Posts by | RSS Feed for this author