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This Week's Earnings Repertoire

This Week's Earnings Repertoire

This week's earnings releases will feature some big names, including Dow component Home Depot Inc. (NYSE: HD) on Tuesday while rival Lowe's Cos. Inc. (NYSE: LOW) follows on Wednesday. Hot rocket NVIDIA Inc. (NASDAQ: NVDA) and cloud powerhouse Salesforce (NYSE: CRM) will also report this week.

Home Depot

For the fourth quarter, Wall Street analysts are expecting HD to post $2.37 in per share earnings on revenues of $27.1 billion. What analysts are wondering is whether the housing market can remain resilient, since Home Depot has benefited from a consistent rise in new home construction and home remodeling projects.

Despite rising 6.5% year to date, its stock has seemingly hit a wall as shares have traded flat over the past six months, compared to 16% rise in the S&P 500 index. Nonetheless, the home improvement giant has established a strong track record for beating consensus estimates, with profits beating Street forecast in every quarter over the past half of a decade. Wall Street finds that the pandemic environment has created an opportunity for Home Depot to take market share over the next two to three years but the company's guidance on Tuesday will show how realistic that forecast is.


On Wednesday, the graphic chip powerhouse is expected to report another strong quarter with analysts predicting a fourth quarter profit of $1.98 per-share on a revenue of $4.82 billion.

Its shares have gained 14% year to date, surging 88% over the past year and making them one of the better performing stocks in the entire tech sector.

Nvidia has a track record of seven straight quarters of earnings beats, so investors will focus more on its growth capabilities in key markets for graphics cards, particularly those that are used in video games. It has also taken the lead in chip productions for high-growth areas such as AI, network data-center and autonomous driving so its guidance will be essential in determining whether the stock will succumb to profit taking or continue its way up.


Wall Street expects the troubled Nikola (NASDAQ: NKLA) to lose 34 cents per share. This compares to the previous quarter when the loss came to 31 cents per share on zero revenue. The electric truck maker, which aspires to compete with Tesla (NASDAQ: TSLA) in the clean energy auto industry, has suffered from self-inflicted wounds that made many wonder if it can deliver its flagship product, the Badger pickup truck.

Aside from a scathing bearish report that alleged widespread deception, Nikola lost a lucrative partnership with General Motors (NYSE: GM). The troubled electric vehicle company seemingly has a tough road ahead with the new CEO Mark Russell scaling back the company's prior vision or more precisely, the unattainable goals. If the company achieves to instill optimism that its Badger truck will be ready to be driven at any point in 2021, it will be a massive victory for the stock that has plunged 52% over the past six months.


Wall Street expects Salesforce to earn 75 cents per share on revenue of $5.68 billion as its SaaS business model and its customer relationship management services have become must-haves for companies that need e-commerce and analytics to grow their businesses. But since the company announced its $27.7 billion purchase of Slack (NYSE: WORK), its stock has pulled back. With features that allow organizations to collaborate and communicate securely with multiple partners and vendors, including negotiating deals, Salesforce is going up against the titan itself, more precisely, Microsoft's (NASDAQ: MSFT) enterprise dominance with Office365. On Thursday Salesforce will need to convince the market of how its integration of Slack will accelerate its position as the world's leading CRM platform.

The busy IPO market has been lulled to sleep as there are no initial public offerings scheduled for this week.

This article is not a press release and is contributed by IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact:

The post This Week's Repertoire appeared first on IAM Newswire.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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