Earnings Season Hits Full Swing: Key Reports to Watch on August 21, 2024
As earnings season continues to unfold, all eyes are on the financial results set to be announced on Wednesday, August 21, 2024. This pivotal day will feature reports from retail behemoths like Target and TJX Companies (NYSE: TJX), as well as the semiconductor giant Analog Devices (NASDAQ: ADI). These earnings will offer invaluable insights into consumer spending patterns and the state of the tech sector.
Earnings Reports Before Market Open:
- Target (TGT)
- EPS: $2.19
- Revenue: $25.2B
- TJX Companies (TJX)
- EPS: $0.92
- Revenue: $13.31B
- Analog Devices (ADI)
- EPS: $1.51
- Revenue: $2.27B
- Macy's (NYSE: M)
- EPS: $0.30
- Revenue: $5.06B
- Dycom Industries (NYSE: DY)
- EPS: $2.26
- Revenue: $1.2B
- Marine Harvest (MHGVY)
- EPS: $0.33
- Revenue: $1.5B
- DRDGOLD (DRD)
- EPS: Not Available
- Revenue: Not Available
- Zeekr Intelligent Technology ADR (ZK)
- EPS: Not Available
- Revenue: Not Available
Earnings Reports After Market Close:
- Snowflake (NYSE: SNOW)
- EPS: $0.16
- Revenue: $851.59M
- Synopsys (NASDAQ: SNPS)
- EPS: $3.28
- Revenue: $1.52B
- Agilent Technologies (NYSE: A)
- EPS: $1.26
- Revenue: $1.56B
- Zoom Video Communications (NASDAQ: ZM)
- EPS: $1.21
- Revenue: $1.15B
- Sociedad Química y Minera de Chile (SQM)
- EPS: $0.96
- Revenue: $1.23B
- Nordson (NASDAQ: NDSN)
- EPS: $2.33
- Revenue: $656.49M
- Urban Outfitters (NASDAQ: URBN)
- EPS: $1.00
- Revenue: $1.34B
- Corporación América Airports (CAAP)
- EPS: $0.32
- Revenue: $441.82M
- Zuora (NYSE: ZUO)
- EPS: $0.10
- Revenue: $112.62M
- Wolfspeed (NYSE: WOLF)
- EPS: -$0.84
- Revenue: $201.31M
- BBVA (BME: BBAR) Banco Francés
- EPS: $0.26
- Revenue: Not Available
- Brambles (BXBLY)
- EPS: Not Available
- Revenue: Not Available
- Auna (AUNA)
- EPS: $0.15
- Revenue: $553.12M
- Unifi (NYSE: UFI)
- EPS: -$0.21
- Revenue: $162.01M
- MDxHealth (MDXH)
- EPS: -$0.27
- Revenue: $20.81M
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Analysis: How This Affects You and Your Finances
Understanding earnings reports can seem daunting, but here’s a simple breakdown of why they matter:
- Consumer Spending Trends: Companies like Target and Macy's provide a snapshot of consumer behavior. Are people spending more or less? This can impact everything from stock prices to the broader economy.
- Tech Sector Health: Earnings from Analog Devices and Snowflake can indicate the health of the tech industry. Robust earnings can mean a thriving sector, potentially boosting tech stock investments.
- Economic Indicators: Earnings reports collectively serve as indicators of economic health. Strong earnings might suggest a robust economy, while weak earnings might indicate economic challenges ahead.
By keeping an eye on these reports, you can make more informed decisions about where to invest your money, how to manage your portfolio, and what economic trends to watch.
Stay informed and make your investments work for you. For daily updates and real-time insights into the earnings season, check our economic calendar and latest headlines.