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Earnings Reports for the Week of Nov. 11-15 (DHI, NVDA, 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: Amicus Therapeutics (FOLD), Franco-Nevada (FNV), Tencent Music (TME), TerraForm Power (TERP)

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TUESDAY

Earnings Spotlight: D.R. Horton (DHI, $51.03) - D.R. Horton, the longtime largest American homebuilding company by volume, has helped lead a stirring recovery for the industry in 2019. DHI shares have sprinted ahead by 47% year-to-date, as the SPDR S&P Homebuilders ETF (XHB) has advanced by its own market-beating 39% gain. And more might be on the way. "We see multiple catalysts for order growth and rising demand," Wedbush analyst Jay McCanless recently wrote about the homebuilding space, though he has a Neutral position (equivalent of Hold) on D.R. Horton's stock. JMP Securities' Peter Martin is more bullish, maintaining his Outperform rating (equivalent of Buy) in September and adjusting his price target higher from $49 per share to $52. He says an "improved demand outlook" and a "stronger fundamental environment" will fuel the company's return on equity. For the quarter to be reported ahead of the Nov. 12 bell, analysts are expecting a 7.9% year-over-year improvement in revenues, to $4.86 billion, and a 2.5% uptick in profits to $1.25 per share.

Other Noteworthy Reports: 2U (TWOU), ADT (ADT), Advance Auto Parts (AAP), Aecom (ACM), CBS Corp. (CBS), Craft Brew Alliance (BREW), Dean Foods (DF), Overstock.com (OSTK), Rockwell Automation (ROK), Skyworks Solutions (SWKS), Tilray (TLRY), Tyson Foods (TSN), YY (YY)

WEDNESDAY

Noteworthy Earnings Reports: CAE Inc. (CAE), Canada Goose (GOOS), Cisco Systems (CSCO), Copa Holdings (CPA), Energizer (ENR), Fiverr (FVRR), Luckin Coffee (LK), NetApp (NTAP), Qiwi (QIWI), Stratasys (SSYS), Teekay Tankers (TNK), Tower Semiconductor (TSEM), Vipshop (VIPS)

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THURSDAY

Earnings Spotlight: Walmart (WMT, $120.23) - Walmart, which has famously dominated the brick-and-mortar retailing world for so long, is starting to put the hurt on Amazon.com (AMZN). A September survey by retail analytics firm First Insight says that a majority of consumers prefer to shop at Walmart (55%) rather than Amazon - the figure was 47% last year. It's more evidence that Walmart's heavy investments in e-commerce, such as buying up Jet.com in 2016, are paying off. "Continued comparable sales growth and strong e-commerce results better position it to compete against online competitors compared to retailer peers," Stifel's Mark Astrachan wrote back in June. Those strong e-commerce results continued, with the company reporting in August that its online sales jumped 37% year-over-year in its fiscal second quarter. For the quarter to be reported ahead of the Nov. 12 opening bell, Wall Street is looking for 3.0% year-over-year growth in overall revenues, to $128.63 billion, as well as a marginal improvement in earnings to $1.09 per share.

Earnings Spotlight: Nvidia (NVDA, $208.34) - Chipmaker Nvidia has endured a roller-coaster 2019, though there have been more ups than downs, and shareholders are 56% better off for their troubles this year. Analysts of late have been overwhelmingly bullish - 21 Buys versus four Holds and two Sells - despite a ballooning stock price that's now 47 times the pros' expectations for next year's profits. RBC Capital analyst Mitch Steves (Outperform) recently raised his price target, from $217 per share to $251, saying that "Nvidia will likely experience higher growth relative to CPU serve demand" and that next year should see "improving data center growth and expanding margins." Meanwhile, Raymond James analysts Chris Caso and Melissa Fairbanks (Outperform) like what they're reading in the tea leaves. "Suppliers indicated there were no quarter-end deals, and no push for revenue late in the quarter -- historically, suppliers say NVIDIA will typically make quarter-end deals if sales are running below expectations, and the lack of this activity should be taken as an encouraging sign," they write. The analyst community is setting a low bar for the company's third-quarter report, due out after the Nov. 14 close. Expectations are for $2.92 billion in revenues (-8.2% year-over-year) and profits of $1.58 per share (-14%).

Other Noteworthy Reports: Applied Materials (AMAT), Brookfield Asset Management (BAM), Canopy Growth (CGC), Dillard's (DDS), Farfetch (FTCH), Helmerich & Payne (HP), International Game Technology (IGT), Shoe Carnival (SCVL), Sina Corp. (SINA), Viacom (VIAB), Weibo (WB), Wix.com (WIX), Williams-Sonoma (WSM)

FRIDAY

Noteworthy Earnings Reports: JCPenney (JCP), JD.com (JD)

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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