Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0777
    -0.0016 (-0.15%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2622
    +0.0000 (+0.00%)
     
  • USD/JPY

    151.3600
    -0.0120 (-0.01%)
     
  • Bitcoin USD

    69,836.86
    -714.09 (-1.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

S&P Earnings Preview – Retailers Continue the Earnings Parade

Retailers continue to headline the earnings schedule.  There are the haves and have-nots in this space. The digital online market has flourished allowing Target to experience robust earnings, but the retailers that need foot traffic are suffering.

Dollar Tree

Dollar Tree (DLTR) is scheduled to release financial results on Thursday, May 21. The retail giant is expected to report earnings of $0.91 per share on 6.11 billion in revenue.  This compares to $1.75 per share in the quarter prior. Earnings forecasts have declined 4% over the last 30-days, down from $0.95 per share. Growth estimates are expected to contract by 20.2%.

After dropping 35% during a March swoon, the stock has rebounded 30%. On a positive earnings result, if prices close at a fresh $85, the trend is likely to persist, with a likely 15% rally.

Abercrombie and Fitch Co

Abercrombie and Fitch Co. (ANF) the retail company is facing heavy losses and have lost more than 40% of its value since January. The company is scheduled to release financial results on Thursday, May 21. The company is expected to lose -1.26 per share on $536 million in revenue. This compares to $1.23 in earnings in the quarter prior. Analyst forecasts of earnings have declined 37% during the past 30-days. Growth estimates are for a decline of 344%.

The stock price broke down in March and has rebounded but apparel is likely to suffer until a vaccine is available.

This article was originally posted on FX Empire

More From FXEMPIRE:

Advertisement