Imilian
Earnings season is winding down, but a few high-profile companies are still scheduled to report their quarterly results in the coming week. NVIDIA (NASDAQ:NVDA) will be the main highlight, with investors looking closely at the chipmaker for signs of the health of the AI boom.
Investors will also closely watch the performance of tech stalwarts like Salesforce (NYSE:CRM), CrowdStrike (NASDAQ:CRWD), Dell Technologies (NYSE:DELL) and HP (NYSE:HPQ), as well as notable retail players like Lululemon (NASDAQ:LULU), Best Buy (NYSE:BBY) and Kohl’s (NYSE:KSS). Financial institutions such as Bank of Nova Scotia (BNS), Royal Bank of Canada (RY) and Bank of Montreal (BMO) will take part of the spotlight as well.
Other notable companies reporting earnings include Okta (NASDAQ:OKTA), Marvell Technology (NASDAQ:MRVL), Ulta Beauty (ULTA), Chewy (CHWY), Dollar General (DG), Li Auto (LI), Affirm Holdings, Inc. (AFRM) and PDD Holdings (PDD).
Below is a rundown of major quarterly updates anticipated in the week of August 26–30:
Monday, August 26
Pinduoduo (PDD)
Chinese e-commerce platform Pinduoduo (PDD) is set to release its Q2 results during pre-market trading on Monday. Analysts expect a rise of over 94% in both revenue and profit.
Wall Street analysts and Seeking Alpha’s Quant Rating system are highly bullish on the Shanghai-based tech giant, whose shares have surged about 90% over the past year, outperforming the broader market.
Michael Wiggins De Oliveira, a SA Investing Group Leader, highlighted PDD’s strong financials, including over $30 billion in net cash, aggressive growth investments and a potential 60% CAGR in 2024. The analyst also noted that the stock is undervalued with a 12x forward free cash flow, making it a compelling investment opportunity.
- Consensus EPS Estimates: $2.79
- Consensus Revenue Estimates: $13.97B
- Earnings Insight: Pinduoduo has beaten EPS and revenue estimates in 7 of the past 8 quarters.
Also reporting: BHP Group (BHP), PDD Holdings (PDD), Trip.com Group (TCOM), Daqo New Energy (DQ), Ubiquiti (UI), HEICO (HEI), Can-Fite BioPharma (CANF), and more.
Tuesday, August 27
Nordstrom (JWN)
Nordstrom (JWN) is set to release its Q2 earnings report after the market closes on Tuesday. Analysts are anticipating a Y/Y decline in profits, reflecting the challenges faced by the retail industry.
Despite the mixed analyst sentiment, Seeking Alpha’s Quant Rating system remains bullish on Nordstrom, rating the stock as a Buy. This contrasts with the more cautious Hold rating from Wall Street analysts.
SA author Young Investor Analytics points out that the growth of Nordstrom Rack could put pressure on margins. Additionally, the company’s high debt levels and operational challenges remain areas of concern.
- Consensus EPS Estimates: $0.73
- Consensus Revenue Estimates: $2.89B
- Earnings Insight: JWN has beaten EPS estimates in 7 of the past 8 quarters, missing revenue expectations twice in that span.
Also reporting: Ambarella (AMBA), Box (BOX), JOYY (YY), SentinelOne (S), AgEagle Aerial Systems (UAVS), nCino (NCNO), PVH (PVH), Tupperware Brands (TUP), The Hain Celestial Group (HAIN), Gaotu Techedu (GOTU), Lilium N.V. (LILM), Alpine 4 Holdings (ALPP), Semtech (SMTC), SPI Energy (SPI), and more.
Wednesday, August 28
NVIDIA (NVDA)
Headlining the week’s earnings docket, chipmaker NVIDIA (NVDA) is set to report its quarterly earnings after the market closes on Wednesday, with a focus on the Blackwell launch. Analysts are anticipating a significant increase in both revenue and earnings per share, with estimates suggesting growth of around 100%.
Seeking Alpha’s Quant Rating system suggests holding NVIDIA, noting concerns about its valuation. However, the stock has received a Strong Buy consensus among sell-side analysts.
While the overall sentiment towards NVIDIA is positive, there are some differing perspectives among analysts.
SA author Oliver Rodzianko believes that NVDA’s valuation may undergo a contraction leading into fiscal year 2026, potentially causing unwarranted selling pressure and creating an undervaluation opportunity. As a result, Rodzianko maintains a short-term bearish stance on NVDA but anticipates a more bullish outlook in the future.
Another SA author, The Asian Investor, takes a more unequivocally bullish stance on NVIDIA. The analyst highlights the upcoming earnings report and Blackwell launch as key factors supporting a Strong Buy recommendation. The Asian Investor anticipates that NVDA’s EPS estimates may be revised upwards following the earnings release, and the Blackwell launch is expected to drive growth in fiscal year 2025.
Despite the mixed analyst sentiment, NVIDIA has demonstrated impressive performance this year, with its stock price surging approximately 150%.
- Consensus EPS Estimates: $0.64
- Consensus Revenue Estimates: $28.67B
- Earnings Insight: Nvidia outperformed EPS estimates in 6 of the last 8 quarters, while exceeding revenue expectations in all of them.
Salesforce (CRM)
San Francisco-based software giant Salesforce (CRM) is scheduled to announce its results after the market closes on Wednesday.
Notably, Salesforce has been listed among Goldman Sachs’ top 50 long positions for fundamentally driven hedge funds, with 15 funds holding it as one of their top 10 positions.
Seeking Alpha’s Quant Rating system classifies the stock as a Hold, while Wall Street analysts recommend a Buy.
Investing Group Leader Danil Sereda argues that Salesforce appears undervalued by about a third, leading to a rating of Buy. Despite some challenges, Sereda believes the company’s strategic acquisitions and advancements in AI technology could drive growth and surpass market expectations.
- Consensus EPS Estimates: $2.36
- Consensus Revenue Estimates: $9.23B
- Earnings Insight: CRM has exceeded EPS estimates in 8 consecutive quarters, missing revenue expectations only once in that span.
Also reporting:CrowdStrike Holdings (CRWD), HP (HPQ), Okta (OKTA), Li Auto (LI), Veeva Systems (VEEV), Autodesk (ADSK), Affirm Holdings (AFRM), Chewy (CHWY), Kohl’s Corporation (KSS), Nutanix (NTNX), NetApp (NTAP), Bath & Body Works (BBWI), Baozun (BZUN), Foot Locker (FL), Pure Storage (PSTG), The J. M. Smucker Company (SJM), and more.
Thursday, August 29
Lululemon Athletica (LULU)
Athletic apparel maker Lululemon Athletica (LULU) is set to report its Q2 earnings after the closing bell on Thursday, with analysts forecasting 9% year-over-year growth in earnings.
Goldman Sachs recently downgraded the stock to Neutral from Buy and cut its target price by nearly 40% to $286. The downgrade reflects concerns over “recent execution challenges, lackluster innovation launches, and increased promotional activity,” suggesting a more balanced risk-reward outlook for the stock.
Despite Goldman Sachs’ cautious stance, Wall Street analysts remain generally bullish on Lululemon, maintaining a consensus Buy rating. However, Seeking Alpha’s Quant Rating system classifies the stock as a Hold.
SA author Jeffrey Adams notes that negative sentiment around Lululemon has lessened following a 50% drop in the stock price over the past year and a halving of its P/E multiple. He highlights the company’s success in China, driven by secular trends and expansion plans, as a significant growth opportunity. Despite ongoing challenges with execution, Lululemon has managed to maintain its market share in the rapidly expanding global athleisure market, the analyst says.
- Consensus EPS Estimates: $2.95
- Consensus Revenue Estimates: $2.41B
- Earnings Insight: Lululemon has exceeded EPS and revenue estimates in 8 consecutive quarters.
Also reporting: 3D Systems Corporation (DDD), Marvell Technology (MRVL), Dell Technologies (DELL), Best Buy (BBY), Stratasys (SSYS), MongoDB (MDB), Ulta Beauty (ULTA), Dollar General Corporation (DG), Elastic N.V. (ESTC), Victoria’s Secret & Co. (VSCO), Nordic American Tankers Limited (NAT), Campbell Soup Company (CPB), American Eagle Outfitters (AEO), Ollie’s Bargain Outlet Holdings (OLLI), Brown-Forman (BF.B), Build-A-Bear Workshop (BBW), Domo (DOMO), Burlington Stores (BURL), and more.
Friday, August 30
The week concludes with a sparse array of earnings reports, including confirmed pre-market announcements on Friday from JinkoSolar Holding (JKS), Frontline (FRO) and UP Fintech Holding (TIGR).
Also reporting: NanoViricides (NNVC), Akoustis Technologies (AKTS), Designer Brands (DBI), Alterity Therapeutics (ATHE), The Children’s Place (PLCE), and more.
