Earnings season is coming to an in depth, but there are still some key names to return that might make clear consumer health. Only seven S&P 500 firms are expected to report quarterly results, including Home Depot and Walmart. Overall, 92% of S&P 500 firms have already reported, based on FactSet, with nearly 80% of those firms beating expectations. Take a take a look at CNBC Pro’s breakdown of expectations for a few of this week’s biggest stories. All times are eastern. On Tuesday, Home Depot will report earnings before the market closes. A call can be scheduled for 9 a.m. Last Quarter: HD reported better-than-expected earnings and sales at the same time as consumers tackle smaller home improvement projects. This quarter: The home improvement giant’s profits are expected to have fallen greater than 5% in comparison with the identical period last yr. What CNBC is watching: Home Depot has struggled this yr and has been flat. Can the corporate’s upcoming figures bring the stock out of the crisis? “HD stocks are poised for a triple.” [whammy] an rate of interest overhang, an arguably dilutive deal and still negative competitive trends. “But first-quarter results could offer some relief as comps begin to improve,” Wells Fargo analyst Zachary Fadem wrote. What History Shows: According to Bespoke Investment Group, Home Depot has beaten earnings estimates 87% of the time. The stock has also risen in three of those past 4 earnings days. Cisco Systems is predicted to carry a conference call after the market closes. Last quarter: Cisco posted second-quarter results that will beat expectations This quarter it should lay off 5% of its workforce: Analysts polled by LSEG expect double-digit declines in profit and revenue from the legacy tech giant. What CNBC is watching: Cisco shares are down about 5% year-to-date, making their valuation “cheap.” However, based on JPMorgan, the corporate’s medium- to long-term profit prospects are muted, which could also be reflected on this upcoming report Campus networks, including switches and Wi-Fi, whose demand increased significantly following the pandemic. “With a recently renewed installed base, the campus market is now in a correction,” he wrote. What History Shows: Cisco shares have risen following its last six earnings releases, Bespoke data shows. On Thursday, Walmart will report earnings in presales, followed by an 8 a.m. call. Last quarter: Walmart earnings beat analysts’ estimates, because of rising e-commerce sales. This quarter: Analysts expect mid-single-digit profit and revenue growth from the retail giant, based on LSEG: Walmart’s strong momentum is prone to have continued within the fiscal first quarter, based on Bank of America analyst Robert Ohmes. “We see continued gross margin expansion for WMT as increasing contributions from higher margin revenue streams (digital advertising, 3P marketplace and order fulfillment). Services) will help offset ongoing headwinds from mix shifts (as higher-margin general merchandise sales continue to lag those in grocery and health/wellness),” the analyst said in a note Friday. What History Shows: Walmart beat profit forecasts by 71% over time, per Custom. However, shares fell on two of the last three reporting days.
