WOOF - Earnings week ahead: Nvidia Zoom Peloton Macy's Salesforce Dollar General and more

Next week will see a wide variety of high-profile companies release their quarterly results. The earnings parade includes names in the cybersecurity, semiconductor, retail, auto and food manufacturing spaces.

Specifically, Wall Street will digest reports from prominent tech names like Zoom ( NASDAQ: ZM ), Nvidia ( NVDA ), Palo Alto Networks ( PANW ) and Salesforce ( CRM ). Retailers will also be a prime focus, with updates scheduled from Macy’s ( M ), Dollar General ( DG ) and The Gap ( GPS ).

Below is a curated list of reports due in the week of August 22-26:

Monday, August 22

Palo Alto Networks ( PANW )

Santa Clara-based cybersecurity company Palo Alto Networks ( PANW ) is due to post its earnings after the close on Monday. While shares have outperformed benchmark indices for the full year, the stock has pared gains since the close of the first calendar quarter, when it peaked at $640.90. Nonetheless, the stock remains a favorite on Wall Street with 35 of 37 analyst ratings collected by Seeking Alpha reflecting a bullish recommendation.

Among this group, Wedbush analyst Dan Ives named Palo Alto Networks ( PANW ) a top pick going into the earnings release. He explained that the company should see a "massive tailwind" as it continues to shift to the cloud.

Consensus EPS Estimates: $2.28

Consensus Revenue Estimates: $1.54B

Earnings Insight: Palo Alto has pushed back EPS and revenue estimates in 8 straight quarters.

Zoom Video Communications ( ZM )

Zoom Video Communications ( ZM ) is due to report after the close on Monday. Shares of the video conferencing company have fallen over 80% from their 2020 pandemic peak. This includes a drop of about 70% in just the past year.

Amid the decline, major investors like Tiger Global have exited positions in the stock. Ahead of the results, analysts remain largely neutral, according to Seeking Alpha data . Still, the stock has risen over 20% from its May lows.

Consensus EPS Estimates: $0.93

Consensus Revenue Estimates: $1.12B

Earnings Insight: Zoom has beaten EPS and revenue estimates in 100% of the past 8 quarters.

Also reporting: Flexsteel ( FLXS ) and Nordson Corporation ( NDSN )

Tuesday, August 23

Macy’s ( M )

Macy’s ( M ) will post its second quarter earnings results prior to the market open on Tuesday. Shares of the Ohio-based department store chain have run hot ahead of the report, with the stock marking a gain of over 15% in the past month, building back from a mid-July 52-week low of $15.85.

The upswing has come despite the recent release of downbeat US retail sales data. Meanwhile, the sector has also faced a few notable earnings disappointments from the likes of TJX Companies ( TJX ) and Target ( TGT ).

Ahead of the results, UBS analyst Jay Sole struck a cautious tone. “Macy's is good at many things, but needs to be great at something important to its customers in order to differentiate and stop share loss,” he told clients . “We doubt this will change and thus expect M to fall short of the market's earnings expectations over time.”

Consensus EPS Estimates: $0.88

Consensus Revenue Estimates: $5.50B

Earnings Insight: Macy’s has exceeded EPS and revenue estimates in 8 straight quarters.

JD.com ( JD )

Chinese e-commerce giant JD.com ( JD ) will offer an update on operations prior to the market open on Tuesday. Shares of the Beijing-based tech company saw pressure lately after Ray Dalio's Bridgewater Associates disclosed that it has sold off its Chinese tech stock holdings , including JD.com. However, other investors have taken a more upbeat view of the stock. For example, Coatue Management has increased its stake in JD.

Consensus EPS Estimates: $0.41

Consensus Revenue Estimates: $38.58B

Earnings Insight: JD.com has beaten EPS estimates in 5 of the past 8 quarters, exceeding revenue estimates in all 8 of those quarters.

Also reporting: XPeng ( XPEV ), Dick’s Sporting Goods ( DKS ), Dole ( DOLE ), J.M. Smucker ( SJM )

Wednesday, August 24

Nvidia ( NVDA )

Semiconductor stalwart Nvidia ( NVDA ) is due to report after the market close on Wednesday. While shares have sold off more than 35% year to date, a double-digit rebound has marked the past month.

This general recovery has come despite a setback earlier this month, when the company issued a downbeat pre-announcement . Meanwhile, Bank of America analyst Vivek Arya warned that another guidance cut could be in store as management seeks to reset expectations .

On the bullish side, analyst Tom White remains optimistic, saying “it’s still game on” for the stock despite the warning. This comes amid White’s projections for long-term revenue growth in the low 30% range.

Consensus EPS Estimates: $3.74

Consensus Revenue Estimates: $29.34B

Earnings Insight: Nvidia has beaten EPS and revenue expectations in 8 consecutive quarters.

Salesforce.com ( CRM )

San Francisco-based Salesforce ( CRM ) is due to report earnings after the close on Wednesday. Wall Street has a long-term bullish view on the stock, with 33 Strong Buy ratings and 11 Buy ratings among the 49 analyst opinions compiled by Seeking Alpha .

Expressing the optimistic view, analyst Michael Fitzsimmons said that given the stock’s fall from its 2021 highs, it represents an attractive opportunity at these levels.

The stock has also drawn some high-profile support lately. For example, David Tepper’s Appaloosa recently took a new stake in the firm, per a recent 13-F filing . Meanwhile, Soros Fund Management added to its position in the past quarter as well. However, CRM has seen some sellers as well, such as Tiger Global, which exited its position in the stock.

Consensus EPS Estimates: $1.03

Consensus Revenue Estimates: $7.70B

Earnings Insight: Salesforce has beaten EPS estimates in 7 of the past 8 quarters, notching revenue beats in all 8 of those reports.

Also reporting: Victoria’s Secret ( VSCO ), Petco Health & Wellness ( WOOF ), Brinker International ( EAT )

Thursday, August 25

Peloton ( PTON )

Interactive fitness company Peloton ( PTON ) is due to post its fiscal fourth quarter earnings prior to the market open on Thursday. Shares of the New York-based company have shown strength in the past month, jumping over 30% alongside a broader market rebound.

However, this recent recovery has only regained a small portion of the losses recorded since shares reached their pandemic highs. Overall, the stock has cratered nearly 90% in the past year amid concerns about debt and flagging post-pandemic demand.

Shortly before the report, the company announced a 784-person headcount reduction . Meanwhile, the upcoming report will be the debut for newly-minted CFO Liz Coddington . Amid this transition, analyst Gary Alexander sees potential, saying in a recent report “this is Peloton’s rebound moment.”

Consensus EPS Estimates: $-0.77

Consensus Revenue Estimates: $682.94M

Earnings Insight: 6,5

Dollar General ( DG )

Discount retailer Dollar General ( DG ) will report in premarket hours on Thursday, joining its close peer Dollar Tree ( DLTR ). Headed into the earnings report, Wall Street has a generally positive view of the stock, with 19 of 26 analysts surveyed by Seeking Alpha presenting a bullish opinion of the stock.

This list includes Morgan Stanley, which identified DG as a resilient retail name amid expected consumer weakness and rising inflation. The bank’s analyst also argued that the company represents a superior choice to Dollar Tree .

However, there are cautious voices as well. For instance, BMO Capital Markets analyst Kelly Bania said , "Despite our belief that DG’s execution remains strong and our expectation for an acceleration in comps as DG benefits from a more price sensitive environment, we believe this strong outlook is accurately reflected in the shares at this time.”

Consensus EPS Estimates: $2.93

Consensus Revenue Estimates: $9.39B

Earnings Insight: Dollar General has beaten EPS estimates in 6 of the past 8 quarters, exceeding revenue expectations 7 times in that span.

Also reporting: Ulta Beauty ( ULTA ), Dollar Tree ( DLTR ), Marvell Technology ( MRVL ), Burlington Stores ( BURL ), TD Bank Group ( TD ), Farfetch ( FTCH ), The Gap ( GPS ), and Abercrombie & Fitch ( ANF )

Friday, August 26

JinkoSolar Holding Co. ( JKS )

Solar technology company JinkoSolar Holding Co. ( JKS ) is due to report in premarket hours on Friday. The Chinese solar company has been a winner so far in 2022, rising over 35% amid intensified interest in clean energy names. This has been undercut somewhat by concerns related to Chinese regulators’ actions to curb polysilicon prices.

Consensus EPS Estimates: $0.73

Consensus Revenue Estimates: $2.27B

Earnings Insight: JinkoSolar has exceeded EPS and revenue expectations in 6 of the past 8 quarters.

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