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Nvidia, Walmart Earnings Prep -- ICYMI

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Be prepared -- earnings reports from two companies that have a combined $388 billion in market cap are being released soon. 


Nvidia (NVDA) reports earnings on Thursday May 16 after the closing bell. Wall Street expects first-quarter adjusted earnings from the fast-growing chipmaker of 81 cents a share, down 61% from a year earlier, and revenue of $2.195 billion, a 31% year-over-year decline. The key points investors should watch out for are data center demand and what some analysts think is an overstretched valuation, making upside to the stock limited after the earnings print.


Retail giant Walmart (WMT) reports earnings on Thursday May 16 before the market opens. Analysts are looking for adjusted earnings per share of $1.02 for the company's fiscal year 2020 first quarter, which would be a 10.4% year-over-year decline. Analysts are looking for revenue of $124.94 billion, which would be a 1.8% increase over last year. 

Several analysts see Walmart as a stock to buy ahead of the earnings print. The stock is up 7% year-to-date, trailing the S&P 500's gain on the year of 13.54%. 

Meanwhile, the company did announce on Tuesday that it will launch a free, next-day delivery service, called NextDay, for customers. This will challenge e-commerce giant (AMZN) , which recently announced it was planning to roll out next-day delivery for Amazon Prime members. On Tuesday, Walmart shares rose 0.66% to $100.79 apiece.

Potentially damaging to Walmart, however, is the fact that apparel, clothes and food-related goods may be subject to tariffs in a new proposed list of goods from the U.S. Trade Representative's office. 

Related.Analysts Optimistic Ahead of Walmart Earnings

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