Another Busy Week of Earnings Coming Up
4 min readMonday
U.S.
Economic Lookahead
Empire State manufacturing index (Aug)
Featured Earnings
JD.com, Inc. (NASDAQ: JD) (Q2) EPS projected for 32 cents, compared to 44 cents in the prior-year quarter.
Fabrinet (NYSE: FN) (Q4) EPS projected for $1.06, compared to 86 cents in the prior-year quarter.
Cortexyme, Inc. (NASDAQ: CRTX) (Q2) EPS projected for loss of 70 cents, compared to a loss of 60 cents in the prior-year quarter.
Canada
Economic Lookahead
Wholesale Trade (June): Sales of wholesale products rose 0.5{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} in May to $72.2 billion, setting a record high for the sector for a third consecutive month.
Monthly Survey of Manufacturing(June): Manufacturing sales declined 0.6{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} in May, on lower sales in 11 of 21 industries led by the machinery, chemical and fabricated metal product industries.
Featured Earnings
Doman Building Materials Group Ltd. (T.DBM) (Q2) EPS projected for 72 cents, compared to 44 cents in the prior-year quarter.
First Majestic Silver Corp. (T.FR) (Q2) EPS projected for nine cents, compared to one cent in the prior-year quarter.
Vermilion Energy Inc. (T.VET) (Q2) EPS projected for four cents, compared to $3.15 in the prior-year quarter.
Tuesday
U.S.
Economic Lookahead
Retail sales (July)
Industrial Production (July)
Business inventories (June)
NAHB home builders’ index (Aug.)
Featured Earnings
Walmart Inc. (NYSE: WMT) (Q2) EPS projected for $1.53 compared to $1.56 in the prior-year quarter.
The Home Depot (NYSE:HD) (Q2) EPS projected for $4.40, compared to $4.02 cents in the prior-year quarter.
Agilent Technologies Inc. (NYSE: A) (Q3) EPS projected for 99 cents, compared to 78 cents in the prior-year quarter.
Canada
Economic Lookahead
Canada’s International Transactions in Securities (June) Foreign investors acquired $20.8 billion in Canadian securities in May, mainly in the form of government debt securities. At the same time, Canadian investors increased their holdings of foreign securities by $10.7 billion, led by acquisitions of U.S. shares.
Housing Starts (July) The trend in housing starts was 293,567 units in June, up from 284,837 units in May, according to Canada Mortgage and Housing Corporation.
Featured Earnings
High Liner Foods Incorporated (T.HLF) (Q2) EPS projected for 22 cents, compared to 40 cents in the prior-year quarter.
Steppe Gold Ltd. (T.STGO) (Q1) EPS projected for gain of 14 cents, compared to a loss of one cent in the prior-year quarter.
Tilray Inc (T.TLRY) (Q4) EPS projected for loss of six cents, compared to a loss of seven cents in the prior-year quarter.
Wednesday
U.S.
Economic Lookahead
Building permits (July)
Housing Starts (July)
Federal Open Market Committee minutes
Featured Earnings
NVIDIA (NASDAQ: NVDA) (Q2) EPS projected for 85 cents, compared to 42 cents in the prior-year quarter.
Cisco Systems (NASDAQ:CSCO) (Q4) EPS projected for 74 cents, compared to 72 cents in the prior-year quarter.
Lowe’s Company (NYSE:LOW) (Q2) EPS projected for $3.92, compared to $3.75 cents in the prior-year quarter.
Canada
Economic Lookahead
Consumer Price Index (July) CPI rose 3.1{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} on a year-over-year basis in June, down from a 3.6{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} gain in May. On a seasonally adjusted monthly basis, the CPI rose 0.1{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} in June.
Featured Earnings
Pan Orient Energy Corp. (T.POE) (Q2) EPS projected for two cents,, identical to the prior-year quarter.
Seabridge Gold Inc. (T.SEA) (Q2) EPS projected for loss of seven, compared to a loss of six cents in the prior-year quarter.
Storm Resources Ltd. (T.SRX) (Q2) EPS projected for seven cents compared to nine cents in the prior-year quarter.
Thursday
U.S.
Economic Lookahead
Jobless Claims (to August 14)
Philadelphia Fed manufacturing index (Aug.)
Index of leading economic indicators (July)
Featured Earnings
Applied Materials, Inc. (NASDAQ: AMAT) (Q3) EPS projected for $1.76, compared to $1.06 in the prior-year quarter.
The Estee Lauder Companies (NYSE: EL) (Q4( EPS projected for a gain of 51 cents, compared to a loss of 53 cents in the prior-year quarter.
Ross Stores, Inc. (NASDAQ: ROST) (Q2) EPS projected for a gain of 94 cents, compared to a loss of 13 cents in the prior-year quarter.
Canada
Economic Lookahead
New Housing Price Index (July) The growth in new home prices slowed for a second month in a row, rising by 0.6{e5fab30bc1af2ab9862fe5c16f5be581fd243b6ad78468b48e940aadfb2b849d} in June, the smallest increase in six months.
Featured Earnings
Itafos Inc. (T.IFOS) (Q2) EPS projected for five cents compared to one cent in the prior-year quarter.
Maverix Metals Inc. (T.MMX) (Q2) EPS projected for four cents, compared to five cents in the prior-year quarter.
Unisync Corp. (T.UNI) (Q3) EPS projected for loss of one cent, compared to a loss of five cents in the prior-year quarter.
Friday
U.S.
Featured Earnings
Deere and Company (NYSE:DE) (Q2) EPS projected for $4.46, compared to $2.57 in the prior-year quarter.
Ubiquiti (NYSE:UI) (Q4) EPS projected for $2.35, compared to $1.46 in the prior-year quarter.
Foot Locker, Inc. (NYSE: FL) (Q2) EPS projected for $1.06, compared to 71 cents in the prior-year quarter.
Canada
Economic Lookahead
Featured Earnings
EnWave Corporation (T.ENW) (Q3) EPS projected for one cent, compared to a loss of two cents in the prior-year quarter.
Medexus Pharmaceuticals Inc. (T.MDP) (Q1) EPS projected for loss of 19 cents, compared to a loss of 79 cents in the prior-year quarter.
Elemental Royalties Corp. (T.ELE) EPS projected for a gain of one cent, compared to a loss of three cents in the prior-year quarter.