Once again, the ratio of companies beating earnings to companies missing earnings was fairly narrow for firms reporting after markets closed Thursday. No companies of note are reporting June-quarter results either Friday afternoon or Monday morning.<\/p>\n
There are, however, several interesting reports due out late Monday and Tuesday morning. Here\u2019s our preview of three company reports due Monday afternoon from Roblox, StoneCo and Tencent Music.<\/p>\n
The following four companies, including two Dow Jones industrial average components, report results before Tuesday\u2019s opening bell.<\/p>\n
Home improvement giant Home Depot Inc. (NYSE: HD) is a Dow 30 component that plunged by about 30% in late March last year and still finished the year up nearly 25%. So far in 2021, the stock has added nearly 27% more. The company is expected to report continued strong growth that began during the pandemic lockdowns of last year.<\/p>\n
Of 34 analysts covering the stock, 24 give Home Depot a Buy or Strong Buy rating and nine of the rest have Hold ratings. At a recent price of around $332.30, the stock\u2019s implied upside based on a median price target of $350 is about 5.3%. At the high price target of $391, the upside potential is nearly 18%.<\/p>\n
Analysts expect Home Depot to report fiscal 2022 second-quarter earnings per share (EPS) of $4.41, up by more than 14% year over year, on revenue of $40.67 billion, or about 8.5% higher. For the full fiscal year, EPS are forecast at $14.31, up about 19%, on sales of $143.77 billion, up 8.8% year over year.<\/p>\n
Home Depot stock trades at 18.5 times expected 2022 EPS, 18.1 times estimated 2023 earnings and 17.4 times estimated 2024 earnings. The stock\u2019s 52-week range is $246.59 to $345.69. Home Depot pays an annual dividend of $6.60 (yield of 1.98%).<\/p>\n
Beijing-based JD.com Inc. (NASDAQ: JD) is the second-largest Chinese e-commerce company, but a distant second to Alibaba and in a virtual tie with Pinduoduo. Over the past 12 months, the stock has gained about 11%, including a drop of almost 21% in 2021. Two of Cathie Wood\u2019s ARK Invest funds include shares of JD.com: ARK Fintech Innovation ETF and ARK Autonomous Technology & Robotics ETF. Two other ARK funds, ARK Next Generation Internet ETF and ARK Space Exploration & Innovation ETF, have exited their positions in the stock. At the end of June, the ARK funds held a total of nearly 6.3 million shares in JD.com. As of Thursday\u2019s close, the holding had shrunk to around 2.2 million shares.<\/p>\n
Of 22 analysts covering the stock 21 give the company a Buy or Strong Buy rating. At a price of around $69.60, the stock\u2019s implied upside based on a median price target of $96.60 is about 39%. At the high price target of $130.12, the upside potential is nearly 87%.<\/p>\n
Analysts expect JD.com to report second-quarter EPS of $0.35, up by about 128% sequentially and down 30% year over year, on revenue of $38.32 billion, up about 24% sequentially and up about 28% year over year. For the full fiscal year, EPS are forecast at $1.34, up about 65%, on sales of $147.03 billion, up about 29% year over year.<\/p>\n
JD.com stock trades at 53.0 times expected 2021 EPS, 32.2 times estimated 2022 earnings and 22.5 times estimated 2023 earnings. The stock\u2019s 52-week range is $60.94 to $108.29, and the company does not pay a dividend.<\/p>\n