Upcoming Earnings Reports to Watch: WMT, HD, HPE

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The markets bounced back strong from last week's sell-off, and despite renewed concerns about the possibility of rising inflation, investors jumped back into stocks-causing Wall Street's major indexes to regain some much of the losses suffered during the recent correction.

And whatever the case may be with inflation, we know that an improved global economy and impressive Q4 earnings results should help the broader market move higher for now. The latest earnings season is nearing its completion, and among the 362 S&P 500 members that have reported results, earnings are up 14.5% year-over-year on 9% higher revenues.

With that said, a number of marquee reports remain to be released, and these newer results could help set the tone as inflation fears begin to creep back into the market.

Investors should remember that they 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.

Today, we've made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected most-important reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of February 19!

1. Walmart Inc. (WMT)

Discount supermarket behemoth Walmart is scheduled to release its latest quarterly report before the market opens on Feb. 20. This stock tends to serve as a bellwether for the consumer economy, so investors will definitely want to pay close attention to its results. Shares of WMT have gained about 7% over the past 12 weeks.

WMT is currently sporting a Zacks Rank #2 (Buy). Based on our latest consensus estimates, we expect the company to report earnings of $1.36 per share and revenues of $135.04 billion, which would represent growth of 4.6% and 3.1%, respectively. The key to any potential surprise will be Walmart's continued e-commerce growth, with an emphasis on margin expansion in this segment.

2. The Home Depot, Inc. (HD)

Home improvement retailer Home Depot is slated to report its latest quarterly results before the opening bell on Feb. 20. With a strong economy and housing market throughout the country, logic would imply that Home Depot could be ready to post an impressive report, but the exact details will be revelatory regardless. Share of HD have gained 8% within the past 12 weeks.

HD is holding a Zacks Rank #1 (Strong Buy) heading into its report date. According to our latest consensus estimates, the company is projected to post earnings of $1.62 per share and revenues of $23.67 billion. These results would represent year-over-year growth of 12.5% and 6.6%, respectively.

3. Hewlett Packard Enterprise Company (HPE)

Hewlett Packard Enterprise is slated to release its latest earnings report after the bell on Feb. 22. Things have been relatively up and down for HPE since its split from the former Hewlett-Packard Company in late-2015. Still, the company is coming off two-straight earnings beats, and a recent spin-off could help improve margins.

Nevertheless, HPE is currently sporting a Zacks Rank #4 (Sell). According to our latest consensus estimates, HPE is poised to post earnings of 23 cents per share and revenues of $7.03 billion. During the third-quarter of fiscal 2017, the company sold its Software business to British firm Micro Focus, so the most important year-over-year comparison for investors to keep an eye on will be in the net margin category.

Want more analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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