Earnings Reports for the Week of Dec. 2-6 (RH, ULTA, WORK)

Stock Watch

Earnings Reports for the Week of Dec. 2-6 (RH, ULTA, WORK)

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

Noteworthy Earnings Reports: Coupa Software (COUP), Diana Shipping (DSX)

TUESDAY

Noteworthy Earnings Reports: AutoZone (AZO), Bank of Montreal (BMO), Conn’s (CONN), Lands’ End (LE), Marvell (MRVL), Salesforce.com (CRM), Workday (WDAY), ZScaler (ZS)

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WEDNESDAY

Earnings Spotlight: RH (RH, $205.06) – RH, known to most as Restoration Hardware, has run up a red-hot 71% in 2019 thanks to a series of positive developments. For instance, the stock surged in September amid a Street-beating second-quarter earnings report in which it also raised its Q3 guidance. The stock also got a bump a few days ago after it launched a new alpine-inspired Ski House collection. Of particular note was a vote of confidence from legendary investor Warren Buffett – his Berkshire Hathaway (BRK.B) holding company reported in its most recent 13F filing that it entered a new stake in the furniture retailer during the third quarter. RH will report its third-quarter earnings after the Dec. 4 closing bell, and analysts will be expecting a 7% improvement in revenues to $676.03 million, and a 48% jump in profits to $2.22 per share. Guggenheim analyst Steven Forbes recently raised his EPS estimates and projected new stores would considerably contribute to revenue growth by the end of 2020 in a note reiterating his Buy rating.

Earnings Spotlight: Slack Technologies (WORK, $22.62) – Workplace messaging platform operator slack rocketed 48% higher on its first day of trading in June, and it’s been all downhill from there. Shares have steadily declined by more than 41% since its highs. They were hampered in part by its first-ever earnings report as a publicly traded company, which included a 58% pop in revenues, but a wide loss of $359.6 million (caused in part by credits given to displeased customers) and disappointing earnings guidance for the third quarter. Slack also is facing pressure from primary competitor Microsoft’s (MSFT) Teams software. “While we are positive on Slack’s value proposition and believe the stock has upside longer term, current investor sentiment continues to be overly focused on the Microsoft threat, which makes the stock susceptible to announcements made by Microsoft,” writes William Blair analyst Bhavan Suri, who nonetheless has an Outperform rating (equivalent of Buy) on WORK shares. Slack, which will report quarterly results after Wednesday’s close, is expected to post $156.02 million in revenues and an 8-cent-per-share loss.

Other Noteworthy Reports: At Home Group (HOME), Campbell Soup (CPB), Five Below (FIVE), H&R Block (HRB), Royal Bank of Canada (RY), Tilly’s (TLYS), Verint Systems (VRNT)

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THURSDAY

Earnings Spotlight: Ulta Beauty (ULTA, $233.98) – The high-growth beauty retailer looked well on its way to another year of excellent stock returns until August, when Ulta dropped an absolute bomb of a second-quarter report. Profits missed expectations. So did revenues. So did same-store sales (revenues in stores open for at least 12 months). The company also hacked its full-year outlook, with CEO Mary Dillon expressing that while Ulta continues to gobble up market share, “It’s clear that cosmetics in the overall U.S. market is challenged … The most recent cycle of innovation has just not driven those behaviors, resulting in a soft cycle for the cosmetics category in the U.S.” Shares were up 38% year-to-date before that August report, but fell to 3% in the red immediately thereafter and have remained stagnant ever since. Ulta will report its third-quarter results after the Dec. 5 close, and analysts are expecting a modest showing. The pros are modeling $1.69 billion in revenues (+8.3% year-over-year) and a 2.3% dip in profits to $2.13 per share.

Other Noteworthy Reports: American Outdoor Brands (AOBC), Brown-Forman (BF.B), CIBC (CM), Cloudera (CLDR), Docusign (DOCU), Dollar General (DG), Duluth Trading (DLTH), Express (EXPR), Guidewire (GWRE), J. Jill (JILL), Kroger (KR), Michaels (MIK), Signet Jewelers (SIG), The Children’s Place (PLCE), Tiffany & Co. (TIF), Zoom Video (ZM)

FRIDAY

Noteworthy Earnings Reports: Big Lots (BIG), Genesco (GCO)

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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