Walmart, Lowe’s, and Target will report earnings next week
Though corporate earnings will start to dwindle next week, there are still several big-name retailers scheduled to report following this Friday’s retail sales data. Today, Home Depot (HD) is the highlight of the sector, after the company posted better-than-expected third-quarter results and raised its guidance.
Walmart Inc (NYSE:WMT) will announce earnings before the open on Tuesday, Nov. 19. Notably, the equity finished higher after six of its last eight quarterly reports, including the last three. WMT was last seen up 1.3% at $85.29, and earlier hit a record high of $85.45. Since the start of the year, the stock is up 62.6%.
Lowe’s Companies Inc (NYSE:LOW) will also report earnings before the open on Nov. 19, though the stock’s post-earnings history isn’t as strong, finishing just half of its next-day sessions higher over the last two years. Though it is down 1.3% at $271.05 at last check today, LOW has been steadily climbing back toward its Oct. 16 record peak of $286.99 after bouncing off support at $260. Year to date, the equity is up 21.8%.
Target Corp (NYSE:TGT) will announce earnings before the open on Wednesday, Nov. 20. The stock has a history of relatively large post-earnings moves, averaging a next-day swing of 8.6% over the last eight reports, regardless of direction. This time around, the options pits are pricing in a move of 13.4%. Like WMT, Target stock finished six of its last eight reports higher. Up 1.7% at $155.93 at last glance, the equity is up 9.8% in 2024.