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Earnings Reports for the Week of June 15-19 (LEN, ORCL)

Kyle Woodley, Senior Investing Editor, Kiplinger.com
·3 min read
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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.

(Editor's Note: Many earnings dates are tentative but may be moved due to coronavirus-related concerns. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

Earnings Calendar Highlights


Noteworthy Earnings Reports: JinkoSolar (JKS), Tata Motors (TTM)

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Earnings Spotlight: Lennar (LEN, $57.22) - Homebuilder Lennar, which reports its most recent quarterly results ahead of the June 16 open, is actually sitting on a small gain of more than 2% year-to-date. Its results will help determine whether that outperformance was justified, and give investors a peek into how homebuilders are faring amid the COVID-19 pandemic. Analysts are a bit conflicted on the name right now, however. Wedbush analyst Jay McCanless (Outperform, equivalent of Buy) believes the company's increasing focus on affordable prices and an available supply of homes should help the company beat earnings expectations. However, Credit Suisse's Adam Baumgarten (Neutral, equivalent of Hold) thinks that while Lennar has "solid" positioning in entry-level homes, he prefers builders with better entry-level exposure. On the whole, analysts are looking for Lennar's quarterly revenues to decline 11.3% year-over-year to $4.93 billion, and a 17.7% drop in profits to $1.07 per share.

Earnings Spotlight: Oracle (ORCL, $51.31) - Enterprise and software company Oracle has held up a little better than the market, at 3% losses in 2020 versus 7% for the S&P 500. And a few analysts that cover the company are getting positive ahead of the company's upcoming earnings report, due out after the June 16 close. RBC Capital's Alex Zukin, who has a Sector Perform (Hold) rating on shares, lifted his price target from $48 per share to $50, saying that while the company should report lower-than-expected results, that the company's platform-as-a-service/infrastructure-as-a-service business has done well. Cleveland Research analyst Ari Terjanian, meanwhile, keeps a Buy on shares, saying that channel checks suggest that Oracle's partners finished "ahead of plan" in the fourth quarter. Given the difficult business environment, analysts' expectations for ORCL's quarterly results are encouraging: They're forecasting a 3.7% revenue decline to $10.73 billion, and a marginal profit uptick to $1.17 per share.

Other Noteworthy Reports: Groupon (GRPN), H&R Block (HRB), MFA Financial (MFA)


Noteworthy Earnings Reports: ABM Industries (ABM)

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Noteworthy Earnings Reports: Smith & Wesson Brands (SWBI)


Noteworthy Earnings Reports: CarMax (KMX), Jabil (JBL)

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

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Copyright 2018-2020 The Kiplinger Washington Editors