Please enable JavaScript to view the comments powered by Disqus.

Stock Watch

Earnings Reports for the Week of Sept. 17-21 (GIS, MU, ORCL)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

Getty Images

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

MONDAY

Earnings Spotlight: Oracle (ORCL, $48.96) – Oracle is having a pretty lackluster year, up just 4% against a 9% gain for the Standard & Poor’s 500-stock index and a 17% rise in the Technology Select Sector SPDR ETF (XLK). A good part of that can be attributed to the company’s previous quarterly report, in which it stopped breaking out its cloud business – making many wonder if Oracle was masking weakness. The news prompted Wedbush’s Steve Koenig to downgrade the company from “Outperform” (equivalent of buy) to “Neutral” (equivalent of hold), saying “We’re stepping to the sidelines on Oracle, as we’re less confident that the company can successfully navigate a transition to the cloud.” The company reports after the Sept. 17 closing bell, and Wall Street expects a 1.1% uptick in revenues to $9.3 billion, fueling an 11.3% pop in profits to 69 cents per share.

Other Noteworthy Reports: FedEx (FDX)

SEE ALSO: The 25 Best Stocks to Buy (According to Hedge Funds)

TUESDAY

Earnings Spotlight: General Mills (GIS, $47.59) – Consumer staples mainstay General Mills, which owns a host of brands including Yoplait yogurts, Chex cereal, Betty Crocker baking goods and Old El Paso salsa, has been pounded this year to the tune of 20%. The company has suffered negative reactions to lowered profit guidance when it reported earnings for the quarter ended in February, as well as to its $8 billion buyout of Blue Buffalo pet foods. Most of the analyst community has soured on GIS, with only two of 21 pros giving the stock a buy-equivalent rating. Estimates for the quarter ended in August aren’t promising, either – General Mills is expected to grow sales 9.2% to $4.1 billion but record a 9.9% drop in profits. GIS reports Tuesday morning.

Other Noteworthy Reports: AutoZone (AZO), Cracker Barrel Old Country Store (CBRL)

SEE ALSO: 12 Top Stock Picks to Shield Your Portfolio

WEDNESDAY

Noteworthy Earnings Reports: Red Hat (RHT)

THURSDAY

Earnings Spotlight: Micron Technology (MU, $43.62) – Micron was posting another strong performance by midway through the year, but the stock has begun to taper off, and its sub-8% gains are trailing the broader market’s. Of particular concern lately was a warning from Morgan Stanley analysts and a KLA-Tencor (KLAC) executive saying that demand for memory chips is slowing and falling short of expectations. Still, Appaloosa Management’s David Tepper recently gave the stock a vote of confidence, saying that he’s still “very, very long” MU because he believes in the long-term demand story and the company’s now attractive valuation. At the least, Wall Street expects big things when the company reports quarterly earnings after the Sept. 20 bell. Analysts are modeling a 34.4% jump in sales to $8.3 billion, resulting in a 64.9% spike in profits to $3.33 per share.

Other Noteworthy Reports: Darden Restaurants (DRI), Thor Industries (THO), United Natural Foods (UNFI)

FRIDAY

Noteworthy Earnings Reports: N/A

Reporting schedules provided by MarketWatch and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond