ELECT 24 Top Ad

Today's Stock Market News & Events: 5/28/2021

Today's market-moving economic data and earnings schedule

facebook X logo linkedin


Today will be a jam-packed day to close to the week and the trading month featuring personal income, consumer spending, and core inflation data. An advance report on trade in goods deficit, the Chicago purchasing managers' index (PMI), and the consumer sentiment index are on the docket too.

The following public companies are slated to release quarterly earnings reports today, May 28:

Big Lots Inc. (NYSE:BIG -- $64.54) operates as a retailer in the United States. Big Lots will report its Q1 earnings of 2021 before the bell today.

Caleres Inc. (NYSE:CAL -- $27.28) engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. Caleres will report its Q1 earnings of 2021 before the bell today.

Hibbett Sports Inc. (NYSE:CAL -- $87.32) engages in the retail of athletic-inspired fashion products. Hibbett Sports will report its Q1 earnings of 2022 before the bell today.

The following companies reported quarterly earnings yesterday, May 27:

American Woodmark Corp. (NASDAQ:AMWD -- $95.02) manufactures and distributes kitchen, bath, and home organization products for the remodelling and new home construction markets in the United States. American Woodmark reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.71 by $0.43. The company earned $473.40 million during the quarter, compared to analyst estimates of $463.77 million.

Anaplan Inc. (NYSE:PLAN -- $56.99) provides a cloud-based connected planning platform to connect organizations and people. Anaplan reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $129.80 million for the quarter, compared to analyst estimates of $127.08 million.

Best Buy Co. Inc. (NYSE:BBY -- $116.96) retails technology products in the United States and Canada. Best Buy reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.96. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $10.43 billion

Burlington Stores Inc. (NYSE:BURL -- $328.20) operates as a retailer of branded apparel products in the United States. Burlington Stores reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $1.76. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $1.78 billion.

Canadian Imperial Bank of Commerce (NYSE:CM -- $328.20) provides various financial products and services to personal, business, public sector, and institutional clients. Canadian Imperial Bank of Commerce reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $1.42. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.97 billion.

Dollar General Corp. (NYSE:DG -- $199.98) provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. Dollar General reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.63. The firm earned $8.40 billion during the quarter, compared to analyst estimates of $8.28 billion.

Dollar Tree Inc. (NASDAQ:DLTR -- $108.47) operates discount variety retail stores. Dollar Tree reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.20. The business earned $6.48 billion during the quarter, compared to analysts' expectations of $6.43 billion.

Frontline Ltd. (NYSE:FRO -- $8.51) engages in the seaborne transportation of crude oil and oil products. Frontline reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.05. The business had revenue of $100.63 million for the quarter, compared to analyst estimates of $105.33 million.

Genesco Inc. (NYSE:GCO -- $58.32) operates as a retailer and wholesaler of footwear, apparel, and accessories. Genesco reported $0.79 EPS for the quarter, beating the consensus estimate of ($0.53) by $1.32. The firm earned $538.70 million during the quarter, compared to the consensus estimate of $449.15 million.

Hamilton Lane Inc. (NASDAQ:HLNE -- $93.80) is an investment firm specializing in direct and fund of fund investments. Hamilton Lane reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.20. The company had revenue of $76.90 million for the quarter, compared to analysts' expectations of $87.17 million.

HeadHunter Group plc (NASDAQ:HHR -- $40.60) operates an online recruitment platform in Russia, Kazakhstan, Belarus, and internationally. HeadHunter Group reported $16.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.02 by $4.44. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.39 billion.

Medtronic plc (NYSE:MDT -- $40.60) develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients. Medtronic reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.08. The business had revenue of $8.19 billion for the quarter, compared to analysts' expectations of $8.13 billion.

Royal Bank of Canada (NYSE:RY -- $102.69) operates as a diversified financial service company. Royal Bank of Canada reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.47. The business had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $11.47 billion.

Sanderson Farms Inc. (NASDAQ:SAFM -- $166.90) produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. Sanderson Farms reported $4.34 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $2.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion.

Titan Machinery Inc. (NASDAQ:TITN -- $25.56) owns and operates a network of full-service agricultural and construction equipment stores. Titan Machinery reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.30. The business earned $372.70 million during the quarter, compared to analysts' expectations of $337.65 million.

The Toronto-Dominion Bank (NYSE:TD -- $73.33) provides various personal and commercial banking products and services. Toronto-Dominion Bank reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.33. The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $9.67 billion.

Autodesk Inc. (NASDAQ:ADSK -- $292.51) provides 3D design, engineering, and entertainment software and services. Autodesk reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The company earned $989.30 million during the quarter, compared to the consensus estimate of $964.76 million.

Box Inc. (NYSE:BOX -- $23.17) provides a cloud content management platform that enables organizations of various sizes. Box reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $202.40 million for the quarter, compared to analyst estimates of $200.43 million.

Costco Wholesale Corp. (NASDAQ:COST -- $385.62) engages in the operation of membership warehouses. Costco reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.47. The firm had revenue of $44.38 billion for the quarter, compared to analyst estimates of $43.82 billion.

Dell Technologies Inc. (NYSE:DELL -- $99.66) designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services. Dell reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.59. The business earned $24.50 billion during the quarter, compared to analyst estimates of $23.35 billion.

Domo Inc. (NASDAQ:DOMO -- $65.14) operates a cloud-based platform in the United States. Domo reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.18. The firm had revenue of $60.10 million for the quarter, compared to analyst estimates of $57.24 million.

The Gap Inc. (NYSE:GPS -- $34.02) operates as an apparel retail company. Gap reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.53. The company earned $3.99 billion during the quarter, compared to the consensus estimate of $3.47 billion.

Guess' Inc. (NYSE:GES -- $29.89) designs, markets, distributes, and licenses lifestyle collections of apparel and accessories. Guess' reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.53. The company earned $3.99 billion during the quarter, compared to the consensus estimate of $3.47 billion.

Ollie's Bargain Outlet Holdings Inc. (NASDAQ:OLLI -- $80.41) operates as a retailer of brand name merchandise. Ollie's Bargain Outlet reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.15. The business earned $452.50 million during the quarter, compared to analyst estimates of $422.13 million.

Salesforce.com Inc. (NYSE:CRM -- $229.68) develops enterprise cloud computing solutions with a focus on customer relationship management. Salesforce.com reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.33. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.89 billion.

Ulta Beauty Inc. (NASDAQ:ULTA -- $327.49) operates as a retailer of beauty products in the United States. Ulta Beauty reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $2.38. The firm earned $1.94 billion during the quarter, compared to analyst estimates of $1.64 billion.

Veeva Systems Inc. (NYSE:VEEV -- $267.61) provides cloud-based software for the life sciences industry. Veeva Systems reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $433.57 million for the quarter, compared to analysts' expectations of $410.07 million.

VMware Inc. (NYSE:VMW -- $160.74) provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces. VMware reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.83. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.95 billion.

Yext Inc. (NYSE:YEXT -- $12.53) organizes business facts to provide answers to consumer questions in North America and internationally. Yext reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04. The firm had revenue of $92 million for the quarter, compared to the consensus estimate of $88.60 million.

Looking ahead to a holiday-shortened week next week, investors will have no shortage of economic data and earnings to look forward to. They'll have to stave off their anticipation though, as the markets are closed on Monday in observance of Memorial Day. Once markets reopen on Tuesday, the deluge of data includes an update to the Federal Reserves latest Beige Book report, more initial and continuing jobless claims data, and an ADP employment report.

Additionally, few more earnings reports will trickle in as earnings season starts to wind down. Some highlights include quarterly reports from Broadcom (AVGO), Canopy Growth (CGC), Cloudera (CLDR), Lululemon Athletica (LULU), and Zoom Video (ZM)All economic dates listed here are tentative and subject to change.

As a reminder to all traders, the U.S. stock markets are closed in observation of Memorial Day on Monday, May 31. The markets will reopen for normal hours from 9:30 a.m. ET to 4:00 p.m. ET on Tuesday to kick off the month of June.

 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

                                   ๐Ÿ’ฐ๐Ÿ”’๐ŸŒ AD ๐ŸŒ๐Ÿ”’๐Ÿ’ฐ                                
Crypto Income (with as little as $50)
                                   ๐Ÿ’ฐ๐Ÿ”’๐ŸŒ AD ๐ŸŒ๐Ÿ”’๐Ÿ’ฐ                                

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD