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Earnings Reports for the Week of June 14-18 (HRB, LEN, ORCL)

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Calendar with numerous dates marked with pushpins.
Calendar with numerous dates marked with pushpins. Getty Images

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.

Please check back often. This earnings calendar is updated weekly.

  • Monday (6/14)

  • Tuesday (6/15)

  • Wednesday (6/16)

  • Thursday (6/17)

  • Friday (6/18)

(Editor's Note: Earnings dates in tables are tentative. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

Earnings Calendar Highlights

MONDAY

Noteworthy Earnings Reports

Company

Symbol

Earnings estimate

Hexo

HEXO

-$0.05 per share

TUESDAY

Earnings Spotlight: H&R Block

H&R Block (HRB, $26.19) has put together a massive 2021, with shares surging 65%, and in a fairly smooth manner to boot. That performance has come despite a difficult quarterly result a few months ago that saw the tax preparer suffer a deeper loss than the year-ago quarter – though that was largely due to a later-than-usual start to tax season, and the deficit was actually thinner than the analyst community expected.

Up next is the company's fiscal fourth-quarter report, due out after the June 15 closing bell. And given that it covers the period between February and April, it will account for the vast majority of H&R Block's profits for the year.

Analysts are projecting a 29.9% year-over-year jump in revenues to $2.35 billion, as well as a 70.4% pop in profits to $5.13 per share. Among the potential drivers of performance are better overseas results and an improvement in small business payments volume in its Wave division.

Earnings Spotlight: Oracle

Oracle (ORCL, $82.90) also has pleased shareholders in 2021. Not only has it delivered a 28% return that's more than double the S&P 500's 13%, but it also juiced its dividend by 33% to 32 cents per share.

And that outperformance even includes a big, quick blip a few months ago when it announced disappointing quarterly earnings guidance.

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For the quarter to be reported after Tuesday's closing bell, analysts are broadly expecting decent if unspectacular improvements. Revenues are pegged at $11.04 billion (+5.8% year-over-year), while the pros see profits of $1.31 per share (+9.2%).

However, UBS (Neutral) offers up some pessimistic commentary on the company's full-year growth outlook.

"On its 3Q/Feb call, Oracle said that it will 'continue to deliver double-digit earnings growth once again in FY22 for the fifth year in a row,'" say UBS analysts Karl Keirstead and Austin Dietz. "We're attaching a higher probability to Oracle guiding to flattish margins in an effort to drive growth. If true, Oracle would need to get to 5-6% revenue growth in FY22 in order to achieve FY22 EPS growth of 10%. Oracle hasn't grown at that clip since the second half of 2017.

"In our view, 5%-6% revenue growth is too aggressive an assumption and we get to just 6% EPS growth in FY22 to $4.76 (the sell-side consensus is higher at 8%)."

Other Noteworthy Reports

Company

Symbol

Earnings estimate

La-Z-Boy

LZB

$0.74 per share

WEDNESDAY

Earnings Spotlight: Lennar

Homebuilding stocks are in the midst of a rare bout of weakness compared to their muscular posturing of the past year-plus. Among them, Lennar (LEN, $92.74) – which posts its latest results after the June 16 close – is off 14% since mid-May, but still remains up 22% for 2021.

Underlying that share performance is continued operational excellence. A few months ago, the company announced a wide beat of earnings expectations and plans to spin off $3 billion to $5 billion of noncore assets.

"On LEN's conference call, management disclosed plans for the potential spinoff of $3-5 bil. of LEN's assets and several related businesses including multifamily, single-family rental (SFR), CMBS, certain land holdings, and potentially some of LEN's technology investments (LEN-X)," say Keefe, Bruyette & Woods analysts Jade Rahmani and Ryan Tomasello (Outperform, equivalent of Buy). "Assuming LEN standalone trades back to its current multiple post-spin and that the SpinCo trades at a 35% premium to book value, we estimate the shares could have 18% upside (see Exhibit 1)."

Lennar will have a high earnings bar to clear in its upcoming report. Profits are expected to rocket 43.0% higher to $2.36 per share on the back of a 12.9% revenue improvement to $5.88 billion.

Other Noteworthy Reports

Company

Symbol

Earnings estimate

Honest

HNST

-$0.06 per share

THURSDAY

Noteworthy Earnings Reports

Company

Symbol

Earnings estimate

Adobe

ADBE

$2.81 per share

Jabil

JBL

$1.04

Kroger

KR

$0.98

Smith & Wesson Brands

SWBI

$1.08

FRIDAY

There are no noteworthy earnings.

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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