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Earnings Reports for the Week of Aug. 12-17 (BABA, CGC, WMT)

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.

Earnings Calendar Highlights

MONDAY

Noteworthy Earnings Reports: Barrick Gold (GOLD), Sysco (SYY), Tencent Music Entertainment Group (TME)

TUESDAY

Noteworthy Earnings Reports: Advance Auto Part (AAP), Brinker (EAT), Elanco Animal Health (ELAN), JD.com (JD), Tilray (TLRY), YY Inc. (YY)

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WEDNESDAY

Earnings Spotlight: Canopy Growth (CGC, $32.86) - Cannabis producer Canopy Growth has had a tumultuous year that has seen shares come close to doubling in 2019 by April 29 before sharply turning tail. That said, CGC shares remain 22% higher for the year-to-date. Over the past few months, Canopy shareholders have approved a merger with Acreage Holdings, the company has delivered a disappointing earnings report and its CEO, founder Bruce Linton, has stepped down. Stifel analyst W. Andrew Carter maintained a Buy rating on the stock following news of Linton's departure - an sudden exit prompted by a board controlled by members from investor Constellation Brands (STZ) - but admitted that his vision will be "sorely missed." Meanwhile, Ladenburg Thalmann, who recently initiated CGC at Buy, writes, "Canopy has the most aggressive approach to capturing the U.S. market (estimated to be the world's largest potentially) through its potential acquisition of Acreage Holdings." Canopy reports quarterly results following the Aug. 14 bell, and analysts are estimating a loss of 40 Canadian cents per share (smaller than a 98-cent loss a year ago) on revenues of C$110 million (up 17% year-over-year).

Other Noteworthy Reports: Agilent (A), Canada Goose (GOOS), Cisco Systems (CSCO), IHeartMedia IHRT), Luckin Coffee (LK), Macy's (M), NetApp (NTAP), Vipshop (VIPS)

THURSDAY

Earnings Spotlight: Walmart (WMT, $108.52) - With the exception of the recent bout of market volatility, Walmart has had a relatively steady climb that has led to a 16% gain since the start of 2019. Walmart's facing a bit of a PR headwind - employees and customers alike are protesting the company for its continued gun sales in the wake of two fatal shootings in Walmart stores in El Paso, Texas, and Southaven, Mississippi. That's unlikely to show up in the company's upcoming earnings report, due out ahead of the Aug. 16 open. Analysts expect a 1.7% uptick in revenues to $130.21 billion, but a 5.7% decline in profits to $1.22 per share. Walmart has earned a string of Buy ratings over the past few months, including from Guggenheim's Robert Drbul, who writes, "We believe the business remains quite healthy, with solid physical/digital results in recent quarters. ... While trade concerns/tariffs may create quarter-to-quarter fluctuations, we believe the management team will astutely navigate any changes."

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Earnings Spotlight: Alibaba (BABA, $162.22) - Chinese e-commerce giant Alibaba has put up a similar year to Walmart, up 18% year-to-date, but its road has been far more volatile. Among its moves was a brutal 21% selloff in May alongside weakness in broader Chinese equities - a Street-beating report in the middle of the slump was only able to momentarily stop the bleeding. Wall Street is utterly undeterred, doling out 17 consecutive Buy ratings over the past three months. Five-star-rated analyst Susquehanna analyst Shyam Patil is among them, noting about China's "618" midyear shopping festival, "The solid 618 performance has given our checks incremental confidence in Alibaba's performance for the remainder of the year, particularly for 11.11 (Single's Day, another shopping holiday), as 618 can influence brand/merchant strategies for 11.11." The most recent quarter's results will be reported ahead of Thursday's open, and analysts expect a 38% surge in sales to $16.09 billion, feeding a 28.4% pop in profits to $1.49 per share.

Other Noteworthy Reports: Applied Materials (AMAT), Canadian Solar (CSIQ), Dillard's (DDS), JCPenney (JCP), Nio Inc. (NIO), Nvidia (NVDA), Tapestry (TPR)

FRIDAY

Noteworthy Earnings Reports: Deere (DE)

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

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