Investing

Costco, Kroger, Target and More Major Earnings Coming This Week

Chris Lange

This past week has been the worst week for the U.S. broad markets since the financial crisis. With supply chain concerns across the globe and a general slowdown in business, there was massive selling over the course of the week. The fundamental threat of the COVID-19 is very real for American businesses, and it is vastly overtaking other market fundamentals sending everything lower.

Although earnings and other fundamentals are taking a backseat in the markets right now, they will be an important measure when the markets exit this scare. The fourth-quarter earnings reporting season is winding down, but a few more major companies will be sharing their results soon. Here, 24/7 Wall St. has put together a preview of a few of the most anticipated quarterly reports due this week.

We have included the consensus earnings estimates, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

AutoZone Inc.’s (NYSE: AZO) fiscal second-quarter report is scheduled for Tuesday before the opening bell. The consensus forecast calls for earnings per share (EPS) of $11.77 on $2.57 billion in revenue. Shares ended the week above $1,032 apiece. The consensus price target is $1,302.82, and the 52-week trading range is $916.85 to $1,274.41.

Kohl’s Corp. (NYSE: KSS) will report its fiscal fourth-quarter results before the markets open on Tuesday. Analysts are looking for $1.88 in EPS and $6.52 billion in revenue. Shares traded near the $39 level on Friday. The consensus price target is $47.19. The 52-week trading range is $37.11 to $75.91.

The Target Corp. (NYSE: TGT) fiscal fourth-quarter report is scheduled for Tuesday morning as well. The consensus forecast calls for EPS of $1.66 on $23.49 billion in revenue. Shares were last seen trading at $103. The consensus price target is just $135.01, and the 52-week trading range is $70.03 to $130.24.

Expect Hewlett Packard Enterprise Co. (NYSE: HPE) to release its most recent quarterly results late on Tuesday. The consensus forecast calls for $0.43 in EPS and $7.24 billion in revenue for the fiscal first quarter. Shares traded above $12 on Friday. The consensus price target is just $17.76, and the stock has ranged between $12.07 and $17.59 in the past 52 weeks.

Nordstrom Inc. (NYSE: JWN) results for the fiscal fourth quarter also are due after the close Tuesday. The consensus estimates are calling for $1.47 in EPS and $4.56 billion in revenue. Shares briefly fell below $34 on Friday. The consensus price target is $37.89, and the 52-week range trading range is $25.01 to $48.87.

Dollar Tree Inc. (NASDAQ: DLTR) is scheduled to report its fiscal fourth-quarter results first thing Wednesday. The consensus estimates are $1.75 in EPS and revenue of $6.39 billion. The stock ended the week near $83. The consensus price target is $102.17, and the 52-week trading range is $80.69 to $119.71.

Zoom Video Communications Inc.’s (NASDAQ: ZM) fiscal fourth-quarter report is expected Wednesday after the markets close. The consensus forecast calls for $0.66 in EPS on $2.15 billion in revenue. Shares hit a post-IPO high of $121.93  but pulled back handily on Friday. The consensus price target is $82.13, and shares have traded as low as $59.94.

The Kroger Co. (NYSE: KR) results for the fiscal fourth quarter are due before the open Thursday. The consensus estimates are $0.55 in EPS and $28.83 billion in revenue. Shares slipped under $28 late in the week. The consensus price target is $27.95, and the 52-week range trading range is $20.70 to $30.73.

And look for Costco Wholesale Corp. (NASDAQ: COST) to release its most recent quarterly results after the close on Thursday. The consensus forecast calls for $2.07 in EPS and $38.22 billion in revenue for the fiscal second quarter. Late in the week, shares sank below $273. The consensus price target is $313.40, and shares have ranged between $215.77 and $325.26 in the past 52 weeks.