Top Earnings to Watch This Week: CVS, Walmart, Waste Management

Post-holiday earnings reports concentrated in retail and services sectors
Author:
Publish date:

Wall Street will return from a three-day weekend to earnings reports from some key retailers and service providers.

Here’s a look at what to expect from five of the most notable names providing financial updates.

CVS

CVS Health Corporation  (CVS) - Get Report is expected to report adjusted net income of $1.6 billion, or $1.24 a share, on sales of $68.7 billion before the market opens on Tuesday, based on a FactSet survey of 24 analysts.

In the same period a year ago, the company posted earnings of $1.73 a share on sales of $66.9 billion. It reported net income of $1.5 billion.

The stock has risen 13.3% since the company last reported earnings on Nov. 6.

In the upcoming quarter, analysts are forecasting adjusted net income of $2.3 billion, or $1.85 a share, on sales of $68.4 billion.

For the year, analysts project revenue of $267.9 billion.

Analog Devices

Analog Devices, Inc.  (ADI) - Get Report is expected to report net income of $489.4 million, or $1.32 a share, on sales of $1.5 billion before the market opens on Wednesday, based on a FactSet survey of 23 analysts.

In the same period a year ago, the company posted earnings of $1.03 a share on sales of $1.3 billion. It reported net income of $277.2 million.

The company offered guidance of $1.20 - 1.40 a share at the time of its last earnings report on Nov. 24. Shares have risen 16% since then.

In the upcoming quarter, analysts are forecasting net income of $511.4 million, or $1.38 a share, on sales of $1.5 billion.

For the year, analysts project revenue of $6.3 billion.

Waste Management

Waste Management, Inc.  (WM) - Get Report is expected to report net income of $460.7 million, or $1.09 a share, on sales of $4 billion, based on a FactSet survey of 15 analysts.

In the same period a year ago the company posted earnings of $1.19 a share on sales of $3.8 billion. It reported net income of $495 million.

The stock has risen 2.3% since the company last reported earnings on Nov. 2.

In the upcoming quarter analysts are forecasting net income of $417.3 million, or 99 cents a share, on sales of $4 billion.

For the year, analysts project revenue of $15.1 billion.

Walmart

Walmart Inc.  (WMT) - Get Report is expected to report adjusted net income of $4.3 billion, or $1.51 a share, on sales of $148.3 billion before the market opens on Thursday, based on a FactSet survey of 29 analysts.

In the same period a year ago, the company posted earnings of $1.38 a share on sales of $141.7 billion. It reported net income of $3.3 billion.

The stock has fallen 3.6% since the company last reported earnings on Nov. 17.

In the upcoming quarter, analysts are forecasting adjusted net income of $3.7 billion, or $1.30 a share, on sales of $133.3 billion.

For the year, analysts project revenue of $555.5 billion.

Applied Materials

Applied Materials, Inc.  (AMAT) - Get Report is expected to report net income of $1.2 billion, or $1.28 a share, on sales of $5 billion after the market closes on Thursday, based on a FactSet survey of 22 analysts.

In the same period a year ago the company posted earnings of 98 cents a share on sales of $4.2 billion. It reported net income of $698 million.

The company offered guidance of $1.20 - 1.32 a share on Nov. 13 at the time of its last earnings report. Shares have risen 55.2% since then.

In the upcoming quarter analysts are forecasting net income of $1.2 billion, or $1.27 a share, on sales of $4.9 billion.

For the year, analysts project revenue of $19.8 billion.

Walmart, CVS and Waste Management are holdings in Jim Cramer's Action Alerts PLUS member club. For more information on how to profit from Jim and the AAP team's investing ideas, please click here