This week, several major retail businesses are expected to provide their most recent quarterly earnings figures. Let''s take a look at what we can expect.
This Week''s Most Anticipated Retail Earnings Reports: WMT, JD, HD, and TGT
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Walmart: Q1 Earnings (05/17 Pre-market)
- Consensus EPS Estimates: $1.48
- Consensus Revenue Estimates: $138.09B.
Walmart (WMT) is expected to operate at its own pace, according to Get Walmart Inc. Reportto. Revenue per share (EPS) is 12.5% lower than the same period last year. In terms of revenue, minimal 0.3% year-over-year growth is predicted.
According to RBC Capital analyst Steven Shemesh, for Q1, comp sales are expected to be of 2.8 percent, comparative to the consensus of 1.8 percent. However, he believes that growth will decrease due to Walmart''s support, and rising inflationary pressures. Finally, he added that he expects Q1 comp growth to be "+2% (cons. +1.8%) and EPS of $1.46 (cons. $1.48).
JD.com: Q1 Earnings (05/17 Pre-market)
- Consensus EPS Estimates: $0.24
- Consensus Revenue Estimates: $34.72B.
JD.com (JD) - Get JD.com Inc. Reportwill reveal a 37% decrease in earnings per share year-over-year, compared to a nearly 10% decrease in revenue year-over-year. China''s latest retail sales data was poor, indicating a year-over-year decrease of 11.1%, compared to an expectation of -6.5%. The previous forecast was -3.5%.
According to Mizuho Securities analyst James Lee, the first half of 2022 will be difficult for Chinese internet businesses due to the widespread disruptions caused by COVID restrictions in China. This should spread to all sectors, including e-commerce. Although COVID is not a structural risk, JD.com''s turnaround timeline will be hampered.
Home Depot: Q1 Earnings (05/17 Pre-market)
- Consensus EPS Estimates: $3.69
- Consensus Revenue Estimates: $36.78B
If Home Depot (HD) - Get Home Depot, Inc. Reportreports numbers in accordance with consensus EPS, this would result in a 4.7 percent year-over-year decline. On the revenue side, the consensus estimates a roughly 2% decline.
Due to the rising risk of recession, Citi analyst Steven Zaccone cut Home Depot''s earnings forecasts for 2023. Despite the fact that comp trends for Q1 through year-end are too optimistic to be considered stable-to-accelerating. But he believes Home Depot''s Q1 performance is tempered with uncertainty.
Target: Q1 Earnings (05/18)
- Consensus EPS Estimates: $3.06
- Consensus Revenue Estimates: $24.46B
Get Target Corporation Report, the market expects EPS estimates to rise in about 17% less than the same quarter last year. The market also expects revenue to rise by 1% year over year.
Q1 Analyst Steven Shemesh believes that increased store visits will reduce the purchase frequency.
Further ahead: Lowe''''s and TJX
On May 18, two additional large retailers will report their Q1 earnings.
Lowe''s (LOW) - Get Lowe''s Companies, Inc. Reportwill report lower Q1 results. The consensus EPS is $3.22. The consensus revenue estimate is for $23.72 billion, down almost 3%.
Get TJX Companies Inc Report, the leader in off-price retail, is expected to show a growth in its results different from other retailers. The EPS consensus is 61.5 cents, implying a growth of 37.5% year over year, and the revenue consensus estimates is $11.59 billion.
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