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Market Wrap-up for May 18 - Earnings Season Wraps Up

As the first quarter earnings season draws to a close, there are still a few key companies left to report.

Tuesday

  • Wal-Mart (WMT ): Prior to the opening bell, analysts will be expecting to see earnings of $1.03 versus $1.13 for the same period last year.
  • Home Depot (HD ): Analysts will expect to see EPS of $1.15 from HD’s pre-market report. This is compared to the $1.00 from the year prior.

Wednesday

  • Lowe’s (LOW ): LOW will report prior to the opening bell; analysts are expecting to see EPS of $0.74, significantly higher than the $0.58 reported in the year prior.
  • Target Corporation (TGT ): Before the opening bell, analysts are expecting to see EPS of $1.03 from TGT. This is significantly higher than the $0.70 figure from the same quarter the year prior.

Thursday

  • Hewlett-Packard (HPQ ): After the market closes, analysts will expect to see EPS of $0.86 versus the $0.88 seen in the same period a year ago.
  • The Gap Inc. (GPS ): Analysts are expecting EPS of $0.55 from GPS’ after-market report. This is slightly down from the $0.58 reported in the year prior.

Friday

  • Deere & Company (DE ): Analysts are looking to see EPS of $1.58 (versus $2.65 from the year prior) from DE’s pre-market report.
  • Campbell Soup (CPB): Prior to the opening bell, CPB is expected to show EPS of $0.51 versus the $0.62 from the year prior.

The Bottom Line

The investing world still has its eye fixated on the Fed, which leaves this earnings season in an unfamiliar position given that is has not been very influential. While the reports will have a marked impact on the stocks themselves, look for Wall Street to spend yet another week enthralled with the Fed and the impending rate hike.

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