Rising concerns about an international trade war and fears that Facebook’s user data scandal could hurt tech stocks created market-wide volatility this week, with the S&P 500 surrendering all of its year-to-date gains in the process. Now, investors will hope that a fresh wave of strong earnings results will help stocks get back on track.
With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of March 26.
1. Lululemon Athletica Inc. (LULU – Free Report)
Trendy athletic clothing retailer Lululemon is scheduled to release its latest quarterly financial results after the market closes on March 27. LULU shares have moved higher since the company’s last report, and the stock has looked like one of the strongest in the retail sector in recent months. Still, Lululemon comes into its earnings announcement near an all-time high, so expectations will be high.
Our current consensus estimates are calling for LULU to post adjusted earnings of $1.27 per share and revenues of $900.2 million. These results would represent 27% earnings growth and 14% sales growth. LULU is also trading with a Forward P/E of 26.8, so investors are already paying a premium for this retail stock.
2. Restoration Hardware Holdings Inc. (RH – Free Report)
Home furnishing manufacturer and retailer Restoration Hardware is slated to announce its latest earnings figures after the closing bell on March 27. After a great 2017, RH has struggled to maintain its momentum, and the stock has actually slumped about 15% over the past three months. However, a strong management team keeps investors excited about the possibilities whenever this company reports.
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