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CVS, HPE, Walmart and Other Big Earnings to Watch For This Week
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The broad markets ended the past week on a positive note, resuming the incredible rally back in January. A number of companies ended the week with solid gains from earnings, and there are still more big companies reporting this week, including some retail leaders. It remains to be seen if earnings can keep pushing markets higher, given that the reporting season is beginning to wind down.
24/7 Wall St. has reviewed some of the key companies reporting in this holiday-shortened week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies change earnings dates as well.
Medtronic PLC (NYSE: MDT) gets the week started with its fiscal third-quarter results first thing Tuesday morning. The consensus analyst estimates call for earnings per share (EPS) of $1.24 and $7.53 billion in revenue. Shares were changing hands at $92.27 on Friday’s close. The consensus price target is $102.10, and the 52-week trading range is $76.41 to $100.15.
Walmart Inc. (NYSE: WMT) is expected to report its fiscal fourth-quarter results early Tuesday too. The consensus estimates are $1.33 in EPS on revenue of $138.68 billion. Shares were last seen changing hands at $99.99. The consensus price target is $107.00, and the 52-week trading range is $81.78 to $106.21.
Look for CVS Health Corp. (NYSE: CVS) to report its most recent quarterly results Wednesday morning. The consensus analyst estimates call for $2.05 in EPS and revenue of $54.58 billion for its fourth quarter. Shares traded at $69.53 on Friday’s close. The consensus price target is $88.57, and the 52-week trading range is $60.14 to $82.15.
Energy Transfer L.P. (NYSE: ET) is set to report its fourth-quarter results after the closing bell on Wednesday. The consensus estimates are $0.34 in EPS and $14.23 billion in revenue. Shares closed trading at $15.05 apiece on Friday. The consensus price target is $21.24, and the stock has a 52-week range of $11.68 to $19.19.
Newmont Mining Corp. (NYSE: NEM) is scheduled to report its fourth-quarter results before Thursday’s open. The consensus estimates call for EPS of $0.25 and $1.88 billion in revenue. Shares closed at $33.24 on Friday. The consensus price target is $40.00, and the 52-week trading range is $29.06 to $41.98.
Baidu Inc.’s (NASDAQ: BIDU) fourth-quarter report is due Thursday after the markets close. The consensus forecast calls for $1.78 in EPS on $3.87 billion in revenue. Shares ended the week trading at $170.06 apiece, in a 52-week trading range of $153.78 to $284.22. The consensus price target is $233.02.
Hewlett Packard Enterprise Co. (NYSE: HPE) also is expected to share its fiscal first-quarter results late on Thursday. The analysts are looking for $0.35 in EPS on revenue of $7.61 billion. Shares were changing hands at $16.09 on Friday’s close. The consensus price target is $17.00, and the 52-week trading range is $12.09 to $19.48.
And Kraft Heinz Co. (NASDAQ: KHC) will report its fourth-quarter results after Thursday’s closing bell as well. The consensus estimates call for EPS of $0.94 and $6.94 billion in revenue. Shares most recently traded at $47.62. The consensus price target is $56.10. The stock has a 52-week trading range of $41.60 to $70.80.
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