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Earnings Reports for the Week of June 1-5 (CPB, DOCU, ZM)

Kyle Woodley, Senior Investing Editor, Kiplinger.com

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: Embraer (ERJ), EnerSys (ENS)

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Earnings Spotlight: Zoom Video Communications (ZM, $179.48) - Zoom Video is one of a few "coronavirus/work-from-home stocks" that will be reporting earnings this week. In Zoom's case, it will be announcing its quarterly results after the June 2 close. ZM stock has been one of the best performers of 2020 with a 164% run through the end of May, but analysts have steadily cooled on shares as valuation has become an increasing concern. Twenty-four analysts tracked by TipRanks have a consensus $131.18 price target on shares, implying almost 27% downside from current levels, and 14 of those analysts have Hold ratings on the stock, versus eight Buys and two Holds. Still, there are reasons for positivity. Baird's William Power says the platform has a long-term opportunity and suggests investors buy on weakness, while William Blair's Bhavan Suri lauds "the robustness of the company's core underlying technology." The pros' consensus expectations are for revenues of $202.04 million (+80.9% year-over-year) and profits of 9 cents per share (+200.0%).

Other Noteworthy Reports: Ambarella (AMBA), Build-A-Bear Workshop (BBW), Cracker Barrel Old Country Store (CBRL), CrowdStrike (CRWD), Dick's Sporting Goods (DKS), HealthEquity (HQY), Lands' End (LE), SeaDrill (SDRL)



Earnings Spotlight: Campbell Soup (CPB, $50.98) - The maker of packaged and canned food brands, such as Campbell's, Goldfish, V8, Spaghettios, Pepperidge Farm, Prego and many more, has been unsurprisingly defensive this year, delivering 3% gains in 2020 versus a nearly 6% decline for the broader markets. But the pros are unsure what to make of the stock: ISI Evercore's David Palmer (In-Line, equivalent of Hold) notes that Campbell has benefited from Americans stocking up, but has not brought in new customers. UBS's Stephen Strycula (Sell) recently lifted his price target, but to just $44 per shares, and believes longer-term headwinds will hold the company back. And Piper Sandler's Michael Lavery (Overweight, equivalent of Buy) thinks Campbell will benefit from its emphasis on prepared meals. All told, three analysts have issued Buy ratings to CPB over the past quarter, versus eight Holds and four Sells. Campbell Soup will report its latest quarter's results ahead of the June 3 open. Analysts are looking for a 9.2% year-over-year decline in revenues to $2.17 billion, but a 26.8% jump in profits to 71 cents per share.

Other Noteworthy Reports: American Eagle Outfitters (AEO), Cinemark Holdings (CNK), Express (EXPR), Guidewire Software (GWRE), Tilly's (TLYS), Vera Bradley (VRA)

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Earnings Spotlight: DocuSign (DOCU, $139.74) - DocuSign, which provides e-signature services, has jumped 89% so far this year, and will try to justify its gains with its quarterly report, due out after the June 4 closing bell. The consensus expectation is for revenues of $280.93 million (+31.3%) and profits of 10 cents per share (+42.9%). And Wedbush's Dan Ives thinks we could be in store for a strong Q1 report. "While this macro is causing deal slippages across the board overall in the software landscape, we are seeing the DOCU solution set and e-signature platform being prioritized by IT decision makers as it serves a clear key need for remote workers at home during this lockdown," he writes. Ives maintained his Outperform rating (equivalent of Buy) and upped his price target from $115 per share to $140.

Other Noteworthy Reports: Broadcom (AVGO), Ciena (CIEN), Destination XL Group (DXLG), Duluth Holdings (DLTH), G-III Apparel (GIII), Gap (GPS), Hovnanian (HOV), J.M. Smucker (SJM), Michaels (MIK), Science Applications International (SAIC), Toro (TTC), Vail Resorts (MTN), Zumiez (ZUMZ)


Noteworthy Earnings Reports: Tiffany & Co. (TIF)

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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