Earnings season will be quieter overall next week with the Thanksgiving holiday, but investors have Nvidia and a handful of other big names to look forward to.
Monday, November 20
The week opens with an earnings report from Zoom Video Communications Inc (NASDAQ:ZM) after the bell. The company is expected to report earnings of $1.08 per share on revenue of $1.12 billion.
Others due to report:
Earnings: Agilent Technologies, Trip.com
Tuesday, November 21
Investor expectations are high for Nvidia Corporation (NASDAQ:NVDA) heading into the company’s third-quarter earnings report due on Tuesday, November 21 after the market close.
Wall Street analysts expect the chipmaker to report a 475% year-over-year increase in earnings per share to $3.34 ...read the preview.
HP Inc (NYSE:HPQ) is expected to report higher profits but lower revenues when it hands down its fourth-quarter earnings report after the closing bell in New York on Tuesday, November 21.
For the quarter ended October 31, 2023, the IT company that sells hardware and software expects to report adjusted earnings per share (EPS) in the range of $0.85 to $0.97, compared to adjusted EPS of $0.85 in the year-ago quarter ...read the preview.
Others due to report:
Earnings: Medtronic, Baidu
Economic announcements: Existing Home Sales
Wednesday, November 22
The day before Thanksgiving, investors will have a slew of economic data to digest, headlined by initial jobless claims.
Others due to report:
Earnings: Deere & Co
Economic announcements: MBA Mortgage Applications, Continuing Claims, Durable Goods Orders, Initial Jobless Claims, University of Michigan Confidence, Crude Oil Inventories
Thursday, November 23
The market will be closed for the Thanksgiving holiday.
Friday, November 24
The market will enjoy a Friday half day, and the indexes will shoot for their fourth-consecutive winning week.
Others due to report:
Economic announcements: S&P Global Manufacturing PMI Flash, S&P Global Services PMI Flash, S&P Global Composite PMI Flash