The second quarter 2022 blended earnings growth rate for the S&P 500 is 6.7% so far. Six sectors (out of 11) have reported year-over-year growth in earnings for the second quarter, with the energy sector reporting the highest earnings growth. Moreover, the energy sector is also the biggest contributor to earnings growth for the S&P 500 for Q2 2022, according to data from Factset. Amid such a backdrop, let’s take a look at 10 big companies announcing earnings next week.
10 Big Companies Announcing Earnings Next Week
We have used the market capitalization data of the companies (as of Aug. 19, 2022) to look at 10 big companies announcing earnings next week.
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Dollar Tree
Founded in 1953 and headquartered in Chesapeake, Va., this company operates discount variety stores. Its shares are up by almost 20% year to date and up over 30% in the last three months. As of this writing, Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading at above $168 (52-week range of $84.26 to $177.19), giving it a market capitalization of more than $37 billion. Dollar Tree will announce its earnings on August 25.
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Workday
Founded in 2005 and headquartered in Pleasanton, Calif., this company develops enterprise cloud applications for finance and human resources. Its shares are down by almost 37% year to date but are up by over 4% in the last three months. As of this writing, Workday Inc (NASDAQ:WDAY) shares are trading at above $172 (52-week range of $134.10 to $307.81), giving it a market capitalization of more than $44 billion. Workday will announce its earnings on August 25.
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Marvell Technology
Founded in 1995 and headquartered in Wilmington, Del., this company offers data infrastructure semiconductor solutions. Its shares are down by almost 38% year to date but are up by almost 1% in the last three months. As of this writing, Marvell Technology Inc (NASDAQ:MRVL) shares are trading at above $53 (52-week range of $41.07 to $93.85), giving it a market capitalization of more than $44 billion. Marvell Technology will announce its earnings on August 25.
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Autodesk
Founded in 1982 and headquartered in San Rafael, Calif., this company offers software products and services. Its shares are down by almost 19% year to date but are up by almost 20% in the last three months. As of this writing, Autodesk Inc (NASDAQ:ADSK) shares are trading at above $225 (52-week range of $163.20 to 344.39), giving it a market capitalization of more than $49 billion. Autodesk will announce its earnings on August 24.
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Palo Alto Networks
Founded in 2005 and headquartered in Santa Clara, Calif., this company provides network security solutions. Its shares are down by almost 7% year to date but are up by over 8% in the last three months. As of this writing, Palo Alto Networks Inc (NASDAQ:PANW) shares are trading at above $514 (52-week range of $362.98 to $640.90), giving it a market capitalization of more than $50 billion. Palo Alto Networks will announce its earnings on August 22.
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Snowflake
Founded in 2012 and headquartered in Bozeman, Mont., this company offers cloud data warehousing software. Its shares are down by over 52% year to date but are up by over 14% in the last three months. As of this writing, Snowflake Inc (NYSE:SNOW) shares are trading at above $158 (52-week range of $110.27 to $405.00), giving it a market capitalization of more than $50 billion. Snowflake will announce its earnings on August 24.
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Dollar General
Founded in 1939 and headquartered in Goodlettsville, Tenn., this company operates merchandise stores. Its shares are up by over 9% year to date and up over 35% in the last three months. As of this writing, Dollar General Corp. (NYSE:DG) shares are trading at above $257 (52-week range of $183.25 to $262.21), giving it a market capitalization of more than $55 billion. Dollar General will announce its earnings on August 25.
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Intuit
Founded in 1983 and headquartered in Mountain View, Calif., this company offers business and financial management solutions. Its shares are down by almost 26% year to date but are up by almost 30% in the last three months. As of this writing, Intuit Inc. (NASDAQ:INTU) shares are trading at above $472 (52-week range of $339.36 to $716.86), giving it a market capitalization of more than $135 billion. Intuit will announce its earnings on August 23.
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Salesforce
Founded in 1999 and headquartered in San Francisco, this company develops cloud-based enterprise software for CRM (customer relationship management). Its shares are down by over 26% year to date but are up by almost 18% in the last three months. As of this writing, Salesforce Inc (NYSE:CRM) shares are trading at above $185 (52-week range of $154.55 to $311.75), giving it a market capitalization of more than $180 billion. Salesforce will announce its earnings on August 24.
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NVIDIA
Founded in 1993 and headquartered in Santa Clara, Calif., this company makes and sells computer graphics processors, chipsets, and related multimedia software. Its shares are down by over 36% year to date but are up by over 12% in the last three months. As of this writing, NVIDIA Corporation (NASDAQ:NVDA) shares are trading at above $184 (52-week range of $140.55 to $346.47), giving it a market capitalization of more than $450 billion. NVIDIA will announce its earnings on August 24.
This article originally appeared on ValueWalk
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