Kiplinger's Weekly Earnings Calendar (May 15-19)

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.  

Please check back often. This earnings calendar is updated weekly.  

(Editor's Note: Earnings dates in tables are tentative. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

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Earnings Calendar Highlights

Monday (5/15)

Tuesday (5/16)

Earnings spotlight: Home Depot 

Home Depot (HD (opens in new tab), $287.69) is one of several Dow stocks reporting earnings next week, with the home improvement retailer set to disclose its first-quarter results ahead of Tuesday's open. Analysts, on average, expect HD to report earnings per share (EPS) of $3.80, down 7.1% year-over-year (YoY), on revenue of $38.3 billion (-1.5% YoY).

"For a while, we have maintained an upbeat longer-term, cautiously optimistic nearer-term stance toward home improvement retail," says Oppenheimer (opens in new tab) analyst Brian Nagel. However, "any incremental, forthcoming macro-driven weakness, for the space, should prove short-and-shallow, and give way to a rebound to historically normalized expansion, underpinned by improving homeownership, an aging housing stock, and steady product innovation."

Nagel has an Outperform rating on HD stock, which is the equivalent of a Buy. He's in good company with his bullish outlook too. Of the 36 analysts covering Home Depot tracked by S&P Global Market Intelligence (opens in new tab), 17 call it a Strong Buy, four say Buy, 14 have it at Hold and just one has it at Sell. This works out to a consensus Buy recommendation.

Wednesday (5/17)

Earnings spotlight: Cisco Systems 

Cisco Systems (CSCO (opens in new tab), $46.37) is another blue-chip stock on next week's earnings calendar, with fiscal third-quarter results from the network equipment maker due out after Wednesday's close. CSCO stock had a solid run in the first quarter, and was up nearly 10% for the year-to-date by late March. Shares turned tail in April, though, and are now down 2.5% since the start of 2023. 

Sentiment toward Cisco seems bearish ahead of earnings, says Raymond James (opens in new tab) analyst Simon Leopold (Outperform). While CSCO provided "a surprisingly strong" full-year outlook in February, targeting 10% revenue growth at the midpoint, it's doubtful the company increases its outlook this time around. The analyst adds that a deceleration in Cisco's upcoming fiscal year is "inevitable."

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Still, Leopold believes that "Cisco can produce good results in a period of weaker demand," and recent data checks point to increased quote activity. "While orders are declining along with backlog, quote activity bodes well for a return to order growth," the analyst says.

Consensus estimates for Cisco's fiscal Q3 results are for earnings of 97 cents per share (+11.5% YoY) on revenue of $14.4 billion (+12.1% YoY).

Thursday (5/18)

Earnings spotlight: Walmart

Walmart (WMT (opens in new tab), $153.12) had a strong end to 2022, posting quarterly revenue growth of 7.5% and EPS growth of 11.8%. However, when the discount retailer reports first-quarter earnings ahead of Thursday's open, expectations are for declines on both its top and bottom lines.

Analysts, on average, believe Walmart will report an 8.5% year-over-year decline in earnings to $1.19 per share, while revenue is expected to fall 4.5% to $135.2 billion.

This shouldn't be too surprising, though. In the company's fourth-quarter earnings call (opens in new tab), John David Rainey, chief financial officer at Walmart, noted that inflation is putting "considerable pressure" on consumers. 

Over at Deutsche Bank (opens in new tab), analyst Krisztina Katai says investor expectations for WMT's quarter appear to be appropriate, and she doesn't foresee any major negative surprises.

"Arguably, the market has already baked in solid top-line trends in grocery/consumables in Q1," Katai writes in a note to clients. "We expect all eyes will be on commentary on quarter-to-date trends, the health of the consumer, and the setup for Back to School/Holiday." 

The analyst adds that Walmart is a "top pick," citing expectations for a beat-and-raise quarterly report, sustained sales momentum and the "ability to start growing EBIT [earnings before interest and taxes] margin through a multi-year time horizon." 

Friday (5/19)

Reporting schedules are provided by Briefing.com (opens in new tab) and company websites. Earnings estimate data provided by Refinitiv (opens in new tab) via Yahoo! Finance, and S&P Global Market Intelligence (opens in new tab) via Briefing.com.