Upcoming earnings week: Walmart, Home Depot, Alibaba, Cisco and more (NYSE:BABA)

Another busy week is ahead for corporate earnings, with a variety of companies set to report results, providing insight into a variety of sectors, from e-commerce and technology to retail and industrials.

Investors will closely monitor the development of the technology industry Giants like Alibaba (NYSE: BABA), Cisco (NASDAQ: CSC) and Tencent (OTCPK:TCEHY) and retail giants Walmart (NYSE: WMT), Home Depot (NYSE:HD) and JD.com.

In addition, Barrick Gold’s results will also be published this week (NYSE:GOLD), Deere (NYSE:DE), Applied Materials (AMAT), Grab Holdings (GRAB), Nu Holdings (NU), Sea Limited (SE), Lithium Americas (LAC), Cardinal Health (CAH), Workhorse Group (WKHS) and Ballard Power Systems (BLDP) .

Below is an overview of the key quarterly updates expected during the week of August 12-16:

Monday, August 12

Barrick Gold (GOLD)

The world’s second-largest gold miner, Barrick Gold (GOLD), is preparing to release its quarterly report before the market opens on Monday, with analysts optimistic and forecasting a 45% increase in profits.

Meanwhile, sell-side analysts recommend a buy and Seeking Alpha’s Quant Rating System assigns the stock a “Strong Buy” rating.

Last month, the company provided an interim production update that showed increased gold and copper production compared to the previous quarter. The mining group remains confident of achieving its full-year production targets and expects a steady increase in production throughout the year, with a particular focus on the second half of the year.

Consensus estimates per share: $0.28
Consensus estimates for revenue: $3.13 billion
Earnings insight: Barrick has beaten analysts’ earnings per share estimates for eight consecutive quarters and beat revenue expectations in four of those reports.

monday.com (MND)

monday.com (MNDY) is expected to release its second-quarter earnings report on Monday before the market opens. Analysts expect the company’s revenue and earnings to grow by over 30%.

Baird Equity Research recently initiated coverage on monday.com with a neutral rating and a price target of $250. Seeking Alpha’s Quant Rating System rates the stock as a hold, while Wall Street analysts are unanimous in recommending it as a buy.

South African author The Optimist Fund highlights: “The founders of Monday.com have used their capital efficiently, generated exceptional returns and significantly increased equity value.”

Consensus estimates for earnings per share: $0.56
Consensus estimates for revenue: $229.09 million
Earnings Insight: The company has consistently beat earnings and revenue estimates over the past 8 quarters.

It is also reported: Kodiak Gas Services (KGS), Rumble (RUM), Perspective Therapeutics (CATX), MIRA Pharmaceuticals (MIRA), Spectral AI (MDAI), Cara Therapeutics (CARA), Castor Maritime (CTRM), DHT Holdings (DHT), Niu Technologies (NIU), Meta Materials (MMAT), Esperion Therapeutics (ESPR), KE Holdings (BEKE), Cocrystal Pharma (COCP), Oragenics (OGEN) and more.

Tuesday, August 13

Home Depot (HD)

Home Depot (HD) will report second-quarter earnings before the market opens on Tuesday. The company’s previous quarter was marked by mixed results, although the home improvement retailer maintained its full-year outlook.

While Wall Street analysts remain optimistic on the stock with a buy rating, Seeking Alpha’s Quant Rating System offers a more cautious hold perspective due to growth and valuation concerns.

Leo Nelissen, a senior executive at SA Investing Group, believes Home Depot is a robust long-term investment because of its robust business model and strong competitive advantage. Despite recent economic challenges that have hurt sales, he remains optimistic.

However, The Value Investor, another industry leader in the SA Investing Group, takes a more cautious tone. While acknowledging the company’s stable finances, the analyst warns of stagnant earnings and rising debt, and advocates a cautious approach.

Consensus estimates for earnings per share: $4.56
Consensus estimates for revenue: $42.74 billion
Earnings Insight: Home Depot has consistently beat EPS estimates for the past 8 quarters and topped revenue estimates in 5 of those reports.

It is also reported: Sea Limited (SE), Paysafe Limited (PSFE), Asensus Surgical (ASXC), Navios Maritime Partners LP Common Units (NMM), HUYA (HUYA), 22nd Century Group (XXII), Tencent Music Entertainment Group (TME), Atossa Therapeutics (ATOS), Jaguar Health (JAGX), AST SpaceMobile (ASTS), Beam Global (BEEM), Ouster (OUST), Nu Holdings (NU) and more.

Wednesday, August 14

Cisco (CSCO)

Technology giant Cisco Systems (CSCO) will release its quarterly results after the market closes on Wednesday. After Cisco posted stronger-than-expected results in the previous quarter, the company raised its revenue forecast to $53.6 billion to $53.8 billion from $51.5 billion to $52.5 billion, in line with analysts’ expectations of $53.6 billion.

However, in its latest guidance update, the company reduced its earnings per share outlook to $3.69 to $3.71 per share, compared to the consensus estimate of $3.64. Previously, the range was $3.68 to $3.74 per share.

While Wall Street analysts continue to rate Cisco as a buy, Seeking Alpha’s quant rating system recommends a hold recommendation.

SA writer Mike Zaccardi remains bullish on Cisco, stating that despite mixed EPS revisions, potential AI-driven growth opportunities could boost the stock’s valuation amid muted expectations. Earnings, valuation, dividend yield and free cash flow forecasts suggest the stock is undervalued, the analyst said, despite a less optimistic technical outlook.

Consensus estimates for earnings per share: $0.78
Consensus estimates for revenue: $12.39 billion
Earnings insight: Cisco has beaten earnings and revenue estimates for eight consecutive quarters.

It is also reported: Workhorse Group (WKHS), Cardinal Health (CAH), Zomedica (ZOM), StoneCo (STNE), bluebird bio (BLUE), Lumentum Holdings (LITE), Canoo (GOEV), Vuzix Corporation (VUZI), Alaunos Therapeutics (TCRT) , Sachem Capital (SACH) and more.

Thursday, August 15

Walmart (WMT)

In the most closely watched report of the week, Walmart (WMT) will release its earnings before the market open on Thursday. Sell-side analysts are bullish on the stock and unanimously recommend it as a buy. However, the Seeking Alpha Quant Rating System remains cautious and maintains a Hold rating.

SA writer Skeptical12 believes, “Walmart should benefit from the economic slowdown,” adding that the retailer’s cost-cutting and e-commerce initiatives could drive further growth in the future.

Consensus estimates for earnings per share: $0.64
Consensus estimates for revenue: $167.22 billion
Earnings Insight: Walmart has beaten EPS and revenue expectations 100% of the last 8 quarters.

Alibaba (BABA)

Chinese tech giant Alibaba (BABA) will release its quarterly results along with JD.com (JD) before the stock market opens on Thursday. Analysts expect revenue to grow by about 7% year-on-year but profit to decline by over 13%.

Wall Street analysts are bullish on the stock, rating it a Strong Buy, but Seeking Alpha’s Quant Rating System remains cautious and maintains a Hold rating due to valuation concerns.

SA columnist Curonian Research noted that while Alibaba’s cloud division is hampered by capacity constraints, it is likely to eventually make a breakthrough due to rising demand for AI services.

Consensus estimates for earnings per share: $2.09
Consensus estimates for revenue: $34.62 billion
Earnings Insight: The company has beaten earnings per share estimates in 6 of the last 8 quarters and topped revenue estimates in 4 of those reports.

It is also reported: VinFast Auto (VFS), JD.com (JD), Applied Materials (AMAT), Deere & Company (DE), Tapestry (TPR), Kandi Technologies Group (KNDI), Golar LNG Limited (GLNG), Battalion Oil Corporation (BATL ), Grab Holdings Limited (GRAB), H&R Block (HRB), Canaan (CAN) and more.

Friday, August 16

Flower food (FLO)

Flower Foods (FLO) will report its second-quarter results on Friday before the market opens. The market remains very cautious on the stock, as reflected in both Wall Street analyst ratings and Seeking Alpha’s Quant Rating system, both of which are leaning toward a hold recommendation.

A recent analysis by SA contributor Sandpiper Investment Research highlights: “Flowers Foods has experienced low revenue growth and margin challenges due to investments in the business. First quarter 2024 results were satisfactory, but higher costs led to a 5% decline in the share price and continued challenges in margin expansion. Operational challenges and macroeconomic weakness remain headwinds for the company. While the valuation could be attractive, the company should trade at a lower multiple for now.”

Consensus estimates for earnings per share: $0.33
Consensus estimates for revenue: $1.24 billion
Earnings Insight: The company has beaten earnings per share estimates in the last 8 quarters and topped revenue estimates in 4 of those reports.

It is also reported: RLX Technology (RLX), Nano Dimension (NNDM), Rigel Resource Acquisition (RRAC), Sunlands Technology Group (STG), Taylor Devices (TAYD) and more.