FYI: Although earnings season unofficially came to a close last Thursday with Wal-Mart's (WMT) report, the earnings front over the next couple of weeks stays busy as the bulk of major retail brands report. Through the end of August, there are 46 retailers scheduled to release their second-quarter results. Below we show the full list of this group sorted by report date and time. For each stock, we include the percentage of the time it has beaten EPS and revenue estimates in the past along with the stock's average one-day price change on its earnings reaction day. Members can view the trends of these stocks using this custom portfolio.
Home Depot (HD) and TJX report earnings this morning and both have averaged gains on their earnings reaction days in the past. Lowe's (LOW) follows Home Depot with its own report on Wednesday. Other notables this week include Target (TGT), Nordstrom (JWN), L Brands (LB), and Gap (GPS).
Next week we'll hear from the likes of Michaels (MIK), Chico's (CHS), Tiffanys (TIF), Best Buy (BBY), Dollar General (DG), Dollar Tree (DLTR), Ulta Beauty (ULTA).
Ulta has been by far the best performing retailer on the list with an average one-day gain of 5.24% on its 45 earnings reaction days since 2008.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/retail-gears-up-for-earnings
