This past week has been full of volatility, and the week before that was the worst week for the U.S. broad markets since the financial crisis. With supply chain concerns across the globe and a general slowdown in business, there were massive swings in markets over the course of the week. The fundamental threat of the COVID-19 is very real for American businesses, and it is vastly overtaking other market fundamentals, sending everything lower.
Although earnings and other fundamentals are taking a backseat in the markets right now, they will be an important measure when the markets exit this scare. The fourth-quarter earnings reporting season is winding down, but a few more major companies will be sharing their results soon. Here, 24/7 Wall St. has put together a preview of a few of the most anticipated quarterly reports due this week.
We have included the consensus earnings estimates, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Chewy Inc.’s (NYSE: CHWY) fiscal fourth-quarter report is scheduled for Monday after the closing bell. The consensus forecast calls for a net loss of $0.17 per share on $1.35 billion in revenue. Shares were trading around $28 apiece late last week. The consensus price target is $35.91, and the 52-week trading range is $21.68 to $41.34.
Dollar General Corp. (NYSE: DG) will report its fiscal fourth-quarter results before the markets open on Thursday. Analysts are looking for $2.01 in earnings per share (EPS) and $7.15 billion in revenue. Shares bounced mostly between $155 and $160 last week. The consensus price target is $173.91. The 52-week trading range is $108.74 to $167.04.
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The Adobe Inc. (NASDAQ: ADBE) fiscal first-quarter report is scheduled for Thursday afternoon. The consensus forecast calls for EPS of $2.23 on $3.05 billion in revenue. Shares slipped below $330 on Friday, for the first time since early this year. The consensus price target is just $360.46, and the 52-week trading range is $249.10 to $386.75.
Expect Oracle Corp. (NYSE: ORCL) to release its most recent quarterly results late on Thursday as well. The consensus forecast calls for $0.96 in EPS and $9.77 billion in revenue for the fiscal third quarter. Shares dipped to a 52-week low of $46.46 on Friday. The consensus price target is $55.63, and the stock has ranged between $46.52 and $60.50 in the past 52 weeks.
Broadcom Inc. (NASDAQ: AVGO) results for the fiscal first quarter also are due after the close Thursday. The consensus estimates are calling for $5.34 in EPS and $6.01 billion in revenue. Shares fell below $265 on Friday, for the first time this year. The consensus price target is $350.75, and the 52-week range trading range is $250.09 to $331.58.
DocuSign Inc. (NASDAQ: DOCU) is scheduled to report its fiscal fourth-quarter results late on Thursday. The consensus estimates are $0.05 in EPS and revenue of $266.49 million. The stock managed to top $90 at one point last week, before retreating to about $84 by week’s end. The consensus price target is just $85.54, and the 52-week trading range is $43.13 to $92.55.
Ulta Beauty Inc.’s (NASDAQ: ULTA) fiscal fourth-quarter report is expected Thursday after the markets close. The consensus forecast calls for $3.72 in EPS on $2.32 billion in revenue. Shares traded below $250 on Friday. The consensus price target is $285.67. The stock has a 52-week range of $222.00 to $368.83.
And look for Slack Technologies Inc. (NYSE: WORK) also to release its most recent quarterly results after the close on Thursday. The consensus forecast calls for a net loss of $0.05 per share and $174.14 million in revenue for the fiscal fourth quarter. Shares hit a year-to-date high above $30 last week. The consensus price target is $27.68, and shares have ranged between $19.53 and $42.00 in the past 52 weeks.
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