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Earnings Reports for the Week of Aug. 20-24 (BABA, LB, TGT)

Kyle Woodley, Senior Investing Editor, Kiplinger.com
Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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


Noteworthy Earnings Reports: AngloGold Ashanti (AU), Digital Ally (DGLY), Estee Lauder (EL)


Noteworthy Earnings Reports: BHP Billiton (BHP), Coty Inc. (COTY), Daktronics (DAKT), J. Jill (JILL), J.M. Smucker (SJM), Kohl's (KSS), La-Z-Boy (LZB), Medtronic (MDT), Red Robin Gourmet Burgers (RRGB), TJX Cos. (TJX), Toll Brothers (TOL), Urban Outfitters (URBN)

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Earnings Spotlight: Target (TGT, $83.03) - Target hasn't just been a vocal member of the chorus of recovering retail and consumer stocks in 2018, running more than 26% higher year-to-date. It has done so in the face of a nasty second-quarter earnings report in May - revenues and earnings both missed expectations - that briefly seemed destined to send Target back to its multiyear funk. Nonetheless, Wall Street is still mustering optimism for the big-box retailer. Bank of America, for instance, reiterated a buy call on TGT in late May (following earnings), saying that it's a play on both Baby Boomers and aging Millennials. Analysts are expecting good, albeit not great, things for Target for the quarter to be reported before the Aug. 22 opening bell: 5.2% growth in revenues to $17.3 billion, and a 13.8% pop in earnings to $1.40 per share.

Other Noteworthy Reports: Lowe's (LOW), Momo Inc. (MOMO), Stein Mart (SMRT)


Earnings Spotlight: Alibaba (BABA, $172.76) - Chinese e-commerce titan Alibaba was expected to be the belle of the ball in 2018; after all, the stock had already run up by more than 140% between 2016 and the start of 2018 amid breakneck top-line growth. It's hard to fault Alibaba - earnings have come in ahead of expectation, and the company produced better-than-expected full-year guidance in its Q2 report. But China's macro problems this year (including its ongoing trade dispute with the U.S.) have weighed on good and bad alike - Alibaba, off 6% in 2018, included. The Street is still overwhelmingly bullish on the stock, with 47 of 48 analysts covering BABA putting it in the "Buy" or "Strong Buy" camp - that includes MKM Partners, which recently reiterated its buy rating and $280 price target. When Alibaba reports earnings ahead of the Aug. 23 bell, analysts will be looking for a 60.9% spike in revenues to $11.8 billion, filtering down to a small 4.4% improvement in profits to $1.21 per share.

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Earnings Spotlight: L Brands (LB, $32.53) - The parent of Victoria's Secret and Bath & Body Works completely missed the memo on 2018's retailer rebound. Shares of LB have plummeted by 44% so far this year, driving all but a handful of analysts (8 of 30) out of the bull camp. L Brands slashed its full-year profit outlook in late May thanks to weakness in both its primary brands, and a weak Victoria's Secret sales report for June prompted Jefferies analyst Randal Konik to call the brand "broken." LB's next chance to recover comes Thursday morning, but analysts aren't holding their breath - they expect just 6.3% top-line growth to $2.9 billion and a 29.2% profit plunge to 34 cents per share as Victoria's Secret continues to cut prices to spark interest.

Other Noteworthy Reports: Autodesk (ADSK), Canadian Imperial Bank of Commerce (CM), Gap (GPS), Hormel Foods (HRL), HP Inc. (HPQ), Intuit (INTU), Ross Stores (ROST), Splunk (SPLK), Toro (TTC), Veeva Systems (VEEV), VMware (VMW)


Noteworthy Earnings Reports: Buckle (BKE), Foot Locker (FL), Hibbett Sports (HIBB)

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

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Copyright 2018 The Kiplinger Washington Editors