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Earnings Reports for the Week of Dec. 17-21 (FDX, MU, ORCL)

Check out our weekly earnings calendar and read the latest quarterly earnings previews.

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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

Earnings Spotlight: Oracle (ORCL, $47.23) – On the upside, Oracle has had an outperforming year. The downside is, it’s still a lackluster year of less than 2% returns year-to-date, edging out a weak Standard & Poor’s 500-stock index that’s slightly in the red this year. That limbo is perfectly reflected in an October Needham analyst note, that initiated the stock at “Hold.” Analyst Jack Andrews likes Oracle’s “potential and resources to become a significant force in next generation cloud computing environments,” but at the same time, he wants to see a “more consistent record of quarterly financial results meeting guidance.” Oracle’s next shot of showing that will come after the Dec. 17 closing bell. Wall Street is expecting a 1.1% decline in revenues to $9.53 billion, but an 11.4% improvement in profits to 78 cents per share.

Other Noteworthy Reports: Heico (HEI), Red Hat (RHT)

SEE ALSO: 7 “Strong Buy” Defensive Stocks for 2019

TUESDAY

Earnings Spotlight: FedEx (FDX, $187.18) – FedEx stock has sold off at multiple points in 2018, en route to a 24% decline for the year-to-date. The causes have been myriad: worries about a slowdown in economic growth, the retirement of FedEx Express CEO David Cunningham and worries about Amazon.com’s (AMZN) “Amazon Air” unit, which is hiring hundreds of people at Fort Worth’s Alliance Airport. But Credit Suisse recently gave investors a little – though not a lot of – relief when it maintained its “Outperform” rating (equivalent of buy) on FDX. Credit Suisse analyst Allison Landry acknowledges the numerous headwinds facing the stock, and did lower its price target from $307 to $263, but still sees a “tactical long opportunity” after the stark declines. The quarter to be reported after the Dec. 18 close should be decent, at least. Analysts see an 8.9% bump in revenues to $17.76 billion, fueling a 24.5% jump in earnings to $3.96 per share.

Earnings Spotlight: Micron Technology (MU, $35.02) – Micron’s roughly 20% losses year-to-date are even worse than they look. Shares have been nearly halved from their May highs above $64 per share as pricing pressures plague DRAM and NAND memory. Citi analysts cited these issues recently in a note that maintained MU shares at “Neutral” and a $40 price target. Specifically, Citi expects DRAM price to fall 30% in 2019, and NAND pricing to fall 45%, with a potential bottom coming in the second quarter. Micron’s still expected to show plenty of growth in its quarterly results, due out after Tuesday’s closing bell. The analyst consensus is for an 18% pop in sales to $8.03 billion, pushing profits 20% higher to $2.94 per share.

Other Noteworthy Reports: Darden Restaurants (DRI), FactSet Research Systems (FDS), Jabil (JBL), Steelcase (SCS)

SEE ALSO: 5 Bargain Dividend Stocks to Buy Now

WEDNESDAY

Noteworthy Earnings Reports: General Mills (GIS), Paychex (PAYX), Pier 1 Imports (PIR), Rite Aid (RAD), Winnebago Industries (WGO)

THURSDAY

Noteworthy Earnings Reports: Accenture (ACN), BlackBerry (BB), ConAgra Brands (CAG), Nike (NKE), Walgreens Boots Alliance (WBA)

FRIDAY

Noteworthy Earnings Reports: CarMax (KMX)

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

SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond