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Stock Watch

Earnings Reports for the Week of May 28-June 1 (COST, KORS, LULU)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

Earnings Calendar Highlights

MONDAY

Noteworthy Earnings Reports: None – stock market holiday.

TUESDAY

Noteworthy Earnings Reports: Bank of Nova Scotia (BNS), Booz Allen Hamilton (BAH), Heico (HEI), HP Inc. (HPQ), Momo Inc. (MOMO), Salesforce.com (CRM)

SEE ALSO: 2018 Stock Market Holidays

WEDNESDAY

Earnings Spotlight: Michael Kors (KORS, $68.37) – KORS shares have put together a stomach-wrenching but profitable 2018, gaining nearly 7% in roller-coaster fashion versus a mere 1.2% gain for the S&P 500. The company announces earnings for the quarter ended April before Wednesday’s opening bell, and it will be trying to follow up a strong report three months ago that saw revenues and earnings both beat thanks in part to strong contributions from its recently folded-in Jimmy Choo division. Analysts’ expectations are mixed for the quarter to be reported – they see revenues improving by 7.8% to $1.2 billion, but profits are expected to drop by 17.8% to 60 cents per share. Deutsche Bank analyst Paul Trussell is optimistic, saying Kors “is in the middle innings of a turnaround” in an April note upgrading the stock to “Buy.”

Other Noteworthy Reports: Amerco (UHAL), Bank of Montreal (BMO), Box Inc. (BOX), Daktronics (DAKT), Destination XL Group (DXLG), Guess? (GES), Movado (MOV), PVH Corp. (PVH), Tilly’s (TLYS)

THURSDAY

Earnings Spotlight: Costco Wholesale (COST, $198.89) – Wall Street’s pros clearly think Costco will report boffo quarterly numbers, which are due out after Thursday’s closing bell. The consensus estimate is for a 20% pop in profits to $1.68, fueled by a 9.4% jump in revenues to $31.6 billion. Costco recently set new all-time highs, and could propel itself further into the stratosphere with an earnings beat. The warehouse retailer has been collecting upgrades over the past six months, including buy-equivalent ratings from Wells Fargo, Gordon Haskett and BMO Capital. Loop Capital became the latest analyst firm to jump in on the upbeat train, initiating the stock at “Buy” on optimism about the company’s e-commerce efforts and international market expansion.

SEE ALSO: What Do You Know About Earnings?

Earnings Spotlight: Lululemon (LULU, $106.41) – “Athleisure” specialist Lululemon is red-hot, surging 120% in the past year and 35% in 2018 despite a sluggish broader market. The stock has really picked up legs since late March, when the company reported full-year results in late March that included an 18% jump in revenues and a 2% improvement in same-store sales. That said, Wall Street’s experts have been cooling a little bit on shares – that includes Needham’s April downgrade over worries about difficult comparisons to last year’s stellar results. Lululemon also reports after Thursday’s bell, and analysts are expecting revenues to grow 18.3% year-over-year to $615.7 million, fueling a 43.8% improvement in earnings to 46 cents per share.

Other Noteworthy Reports: American Eagle Outfitters (AEO), Build-a-Bear Workshop (BBW), Ciena (CIEN), Dollar General (DG), Dollar Tree (DLTR), Express (EXPR), Frontline (FRO), GameStop (GME), J. Jill (JILL), Kirkland’s (KIRK), Perry Ellis International (PERY), Ulta Beauty (ULTA), VMware (VMW), Workday (WDAY)

FRIDAY

Noteworthy Earnings Reports: Abercrombie & Fitch (ANF)

Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

SEE ALSO: 30 Blue-Chip Stocks With the Best Analyst Ratings