2 Hot Earnings Calls To Watch On Veterans Day

• Macy's, Inc. M will announce its third-quarter financial results before the market opens on Wednesday.
• NetEase Inc (ADR) NTES will report its third-quarter earnings on Wednesday after the closing bell.
• While Macy’s is expected to deliver a year-over-year decline in earnings of roughly 13 percent, NetEase is anticipated to post an increase of more than 24 percent.

Macy’s

According to Estimize, the Street is expecting Macy’s to report earnings of $0.53 per share on revenue of $6.155 billion, while the crowd is projecting consensus earnings of $0.52 per share on sales of $6.141 billion.

These estimates imply a decline from the earnings of $0.61 per share on revenue of $6.195 billion retrieved a year ago.

The second chart illustrates the evolution of sentiment over time. The crowd has become increasingly bearish on earnings as the call date got closer. The Street’s sentiment was falling over the quarter, bottomed in early-October, and then started to recuperate heading into the report.

NetEase

NetEase is expected to deliver a double-digit increase in earnings, from $1.44 per share (on revenue of $507.78 million) reported a year ago, to $1.79 per share (on revenue of $891.4 million) this year.

The crowd is even more bullish, and is modeling earnings of $1.81 per share on revenue of $896.99 million.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.