Investors will learn more about the ongoing impact of the pandemic on the consumer economy as retailers prepare to release quarterly earnings reports, CNBC’s Jim Cramer said Friday.
The industry will have its time in the Wall Street spotlight after the Commerce Department announced on Friday that retail sales were flat in April, up 10.7% in March.
“Next week is about consumer spending, whether at home, outside or in the mall,” said the host of “Mad Money”. “Before betting on which retailer is doing the best, you need to consider where their stocks come from as some of them have overrun while others still have room to catch up.”
Cramer announced his schedule for the coming week. The earnings per share forecasts are based on FactSet estimates:
Monday: Lordstown Motor, Fisker Income
Lordstown Motor
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 10 a.m.
- Estimated losses per share: 28 cents
- Estimated Revenue: $ 0
“Lordstown is a former hoard that traded at $ 31 less than four months ago, but management was over-promoting its pre-order numbers,” Cramer said, “and the stock has been at $ 7 since then like.”
Fisker
- Earnings publication for the first quarter of 2021: after market entry; Conference call: 5 p.m.
- Estimated losses per share: 19 cents
- Estimated Revenue: $ 0
“I think they’ll be able to tell a better story about their electric SUV, the Ocean, although I don’t know if it matters,” he said.
Tuesday: Walmart, Home Depot, Macy’s, Take-Two Interactive earnings
Walmart
- Earnings release for the first quarter of 2022: 7:00 a.m. Conference call: 8 a.m.
- Projected earnings per share: $ 1.21
- Estimated Revenue: $ 132.16 billion
“There’s been a lot of talk about the company doing well, but e-commerce execution has fallen hopelessly behind Amazon,” said Cramer. “I have to tell you, I have not been able to confirm this dire outlook and I remain convinced that Walmart is worth owning.”
Home Depot
- Earnings release for the first quarter of 2021: 6 a.m. Conference call: 9 a.m.
- Projected earnings per share: $ 3.08
- Estimated Revenue: $ 34.75 billion
“This is possibly the most successful do-it-yourself renovation and gardening season in ages,” he said. “Home Depot has a nasty habit of its stocks running in the quarter, so if there’s a good day on Monday, stocks could sell out after the quarter and this is your chance to pounce.”
Macy’s
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 8 a.m.
- Estimated losses per share: 39 cents
- Estimated Revenue: $ 4.36 billion
“I’m afraid that today’s 14% advance stole much of the profit,” said Cramer. “I still expect a slightly better than expected set of numbers with a positive undertone.”
Take-Two Interactive
- Q4 2021 Results publication: After Market; Conference call: 4:30 p.m.
- Projected EPS: 68 cents
- Estimated Revenue: $ 661 million
“The stock is down nearly 50 points after reporting a pretty good quarter last time. I think it can run here,” the host said.
Wednesday: Lowe’s, Target, TJX, Analog Devices, Cisco earnings
Lowes
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 9 a.m.
- Projected earnings per share: $ 2.60
- Estimated Revenue: $ 23.73 billion
“I think a rejuvenated Lowe under the leadership of [CEO] Marvin Ellison has an interest in the Home Depot, “said Cramer.
aim
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 8 a.m.
- Projected earnings per share: $ 2.18
- Estimated Revenue: $ 21.61 billion
“Target can’t stop betting good numbers after asserting itself as the dominant discounter,” he said.
TJX
- Earnings release for the first quarter of 2022: 9:30 a.m. Conference call: 11 a.m.
- Projected EPS: 30 cents
- Estimated Revenue: $ 8.59 billion
“TJX is quietly making a lot of money and this time it should be no different,” said the hosts.
Analog devices
- Earnings release for the 2nd quarter of 2021: 7.00 a.m.; Conference call: 10 a.m.
- Projected earnings per share: $ 1.45
- Estimated Revenue: $ 1.61 billion
Cisco
- Q3 2021 Results publication: After Market; Conference call: 4:30 p.m.
- Projected EPS: 82 cents
- Estimated Revenue: $ 12.57 billion
“I think they will both make us both feel good about the business,” said Cramer. “I expect a very positive outlook.”
Thursday: Kohls, Ralph Lauren, Petco, Hormel, Applied Materials, and Palo Alto Networks
Kohls
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 9 a.m.
- Projected EPS: 8 cents
- Estimated Revenue: $ 3.35 billion
“It’s too daunting after this big rally,” said Cramer. “I wasn’t the best at Kohl. Suffice it to say that other people know Kohl better than I do.”
Ralph Lauren
- Earnings release for the fourth quarter of 2021: 8 a.m. Conference call: 9 a.m.
- Estimated losses per share: 72 cents
- Estimated Revenue: $ 1.21 billion
“Ralph Lauren is getting more youthful and upscale,” he said. “It’s a good move and I forecast upgrades in the quarter.”
Petco
- Earnings release for the first quarter of 2021: 7:15 a.m. Conference call: 8:30 a.m.
- Estimated losses per share: 9 cents
- Estimated Revenue: $ 1.27 billion
“I think they will be able to benefit from the pandemic pet boom,” the host said. “The stock is up nearly 9% today so it could escape before the quarter.”
Hormel Foods
- Q2 2021 results to be published: before the market; Conference call: 9 a.m.
- Projected EPS: 41 cents
- Estimated Revenue: $ 2.42 billion
“They recently bought one of the least-occupied brands in supermarket history, Planters Nuts, and I bet they tell a great story about how the acquisition is already paying off,” he said.
Applied materials
- Q2 2021 Results publication: After Market; Conference call: 4:30 p.m.
- Projected earnings per share: $ 1.51
- Estimated revenue: $ 5.4 billion
“You have to deal with analyst hecklers who tear every sentence, if not every word, apart because some of these semiconductors suddenly dip in,” Cramer said. “I think that’s totally exaggerated, but it won’t stop analysts from being skeptical.”
Palo Alto Networks
- Q3 2021 Results publication: After Market; Conference call: 5 p.m.
- Projected earnings per share: $ 1.29
- Estimated Revenue: $ 1.06 billion
“Who doesn’t want a cyber security game when a bunch of hackers just turn off gasoline on the east coast? I bet they have excellent numbers,” he said.
Friday: Deere, VF Corp, Foot Locker Income
Deere
- Q2 2021 results to be published: before the market; Conference call: 10 a.m.
- Projected earnings per share: $ 4.51
- Estimated Revenue: $ 10.57 billion
“It’s going to be a breakout. It’ll be a positive surprise,” said Cramer, “unless the grain complex collapses first … so be sensitive to the chatter of the goods, but understand we’re talking about that strongest agricultural cycle in the world. ” a decade. “
VF Corp.
- Earnings release for the fourth quarter of 2021: 6:55 a.m. Conference call: 8:30 a.m.
- Projected EPS: 28 cents
- Estimated Revenue: $ 2.51 billion
“This clothing company has been inconsistent and the stock will be hostage to Kohl’s and Target,” he said.
Foot locker
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 9 a.m.
- Projected earnings per share: $ 1.07
- Estimated Revenue: $ 1.86 billion
“I think there could be a gap before fearing that there is simply too much good and not enough suffering so it’s time to go,” the hosts said.
Disclosure: Cramer’s charitable foundation owns interests in Take-Two Interactive and Walmart.
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