Several companies are set to report earnings this week, and investors will be watching closely. Keysight Technologies and Target saw strong results, while La-Z-Boy surprised with better-than-expected sales. Meanwhile, TJX and Zoom are expected to release earnings soon.
Coty Inc. (COTY) reported its fourth-quarter and fiscal-year results, falling short of analyst expectations on both earnings and revenue. Despite the miss, Coty remains optimistic about the future, citing strong growth in prestige and consumer beauty segments. The company forecasts significant free cash flow growth and increased earnings per share in the coming year.
Toll Brothers, a leading luxury homebuilder, reported strong third-quarter results, exceeding analyst expectations for both revenue and earnings per share. The company also raised its full-year guidance, citing favorable market conditions and continued strong demand.
La-Z-Boy Inc. (LZB) exceeded revenue and earnings expectations in the first quarter of fiscal 2025, driven by strong wholesale segment performance. However, retail sales declined due to softer industry-wide demand and lower traffic. Despite the challenges, La-Z-Boy remains optimistic about its long-term prospects and plans to continue investing in its growth strategy.
Keysight Technologies Inc. (KEYS) exceeded analyst estimates for both earnings and revenue in the third quarter, driven by strong performance in its Communications Solutions Group despite challenging market conditions. The company also provided positive guidance for the fourth quarter, indicating continued growth and a gradual recovery in 2025.
Nu Skin Enterprises (NUS) has been struggling in recent months, experiencing a decline in its share price and revenue. The company has been impacted by macroeconomic headwinds, foreign currency fluctuations, and pressures within the direct selling industry. As a result, Nu Skin has tightened its annual guidance for 2024, indicating a difficult road ahead. Investors should remain cautious and monitor the company’s efforts to navigate these challenges.
Workhorse Group (WKHS) reported a quarterly loss of $1.40 per share, in line with estimates, but missed revenue targets. The company’s stock has declined significantly this year, and its future performance will depend on earnings expectations and industry trends. The Zacks Rank currently assigns a Hold rating to Workhorse.
Baidu, the Chinese tech giant, is set to report its second-quarter 2024 earnings on August 22. While its AI business is expected to drive growth, concerns remain about expenses and intense competition in the generative AI space. This report delves into the key factors influencing Baidu’s performance and examines the potential impact on its financial results.
Analysts are optimistic about Target’s upcoming second-quarter earnings report, expecting the retailer to benefit from its focus on value and private-label items. Key metrics to watch include market share gains, store traffic, and average ticket size. Target’s Circle Week in July is expected to have driven a significant boost to store visits.
Medtronic, a leading medical device company, is set to report its first-quarter fiscal 2025 earnings on August 20th. While the company faces challenges from rising costs and currency fluctuations, its underlying business remains strong with several growth drivers. This report examines the key factors that will likely influence Medtronic’s Q1 performance.
