Adobe (ADBE) – September 14, after market close. Analysts are forecasting earnings of $3.98 per share on $4.9 billion in revenue. Over the past 12 quarters, the stock’s average return on earnings day has been a negative 3.0%, with positive returns only 33% of the time.
Home Depot (HD) – September 15, after market close. The expected earnings stand at $3.06 per share, with a projected revenue of $38.1 billion. Historically, the stock has averaged a negative 1.3% return on earnings day and has been positive 42% of the time.
Walmart (WMT) – September 16, after market close. Earnings are expected to be $1.28 per share on a staggering $140.2 billion in revenue. The stock has averaged a -0.4% return on earnings day and has seen positive returns 50% of the time.
Visa (V) – September 19, after market close. Analysts predict earnings of $1.76 per share on $7.2 billion in revenue. The stock has seen an average return of 1.3% on earnings day and has been positive 50% of the time.
Summary
Get ready to navigate a pivotal week in the market as key companies release their earnings reports. Adobe is set to report on September 14, and given its average return of -3.0% on earnings day over the past 12 quarters, options traders might eye protective strategies.
Home Depot and Nike will follow suit on September 15. While both have had more positive earnings day returns than Adobe, Home Depot has been positive only 42% of the time. Nike, with an average return of 1.0%, may offer a more bullish outlook.
Walmart’s September 16 report could be a mixed bag, considering its earnings day has been positive only half the time with an average -0.4% return.
Finally, Visa wraps up the week on September 19, sporting a fairly optimistic 1.3% average return and a 50% positivity rate.
