Earnings Calendar, Week of March 19-23 (FDX, MU, ORCL)
Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.
Earnings Calendar Highlights
Earnings Spotlight: Oracle (ORCL) – Oracle rolls into its Monday evening earnings report sitting just around all-time highs, though in a way, the stock is stagnating. That is, it has topped out around $53 per share thrice in the past year of trading; it may need a strong showing Monday to finally break through. Wall Street isn’t expecting much year-over-year progress, with analysts forecasting 5.5% revenue growth to $9.8 billion, and a 4.4% uptick in earnings to 72 cents per share. But the pros at Nomura are awfully optimistic, slapping a “Buy” rating on ORCL in January because of its belief in Oracle’s cloud-based application business suite and eventual margin expansion, among other drivers.
Other Noteworthy Reports: N/A
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Earnings Spotlight: FedEx (FDX) – The delivery giant reports earnings after the closing bell on Tuesday, and it does so in the midst of an up-and-down year that has shares underperforming the market with mere 1% gains. One point of fear among investors stems from reports that Amazon (AMZN) will launch its own delivery service, though Bernstein analyst David Vernon upgraded FDX shares to “Outperform” (equivalent of “Buy”) regardless, saying Amazon won’t be able to keep up with the legacy carriers on cost. He writes: “Delivering through Amazon clearly has a cost. For merchants fulfilling by Amazon, that cost is going up significantly this year.” Analysts believe FedEx will grow sales by 7.7% year-over-year to $16.2 billion, feeding a $3.11-per-share profit – a 32.3% improvement.
Earnings Spotlight: Micron Technology (MU) – Chipmaker Micron continues to be red-hot, up 471% over the past two years, including a 37% push through less than three months into 2018. Needham and Keybanc analysts have both jumped on the bandwagon in early February following Micron’s raised expectations for second-quarter sales and profits, with the latter jumping from a range of $2.51-$2.65 per share to $2.70-$2.75. Analysts are looking near the high end of that range, expecting $2.74 per share in earnings – a more-than-tripling on that front – and a 56.6% leap in revenues to $7.3 billion.
Other Noteworthy Reports: Accenture (ACN), Carnival (CCL), China Mobile (CHL), Cintas (CTAS), Darden Restaurants (DRI), KB Home (KBH), Lands’ End (LE), Michaels Cos. (MIK), New York. & Co. (NWY), Nike (NKE)
Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.