U.S. stocks saw a mostly positive week after Wall Street shrugged off early concerns about escalating trade tensions. Investors are still looking with a cautious eye toward next week’s Fed meeting, but with Q3 earnings season on the horizon, it is possible a thaw in the trade war could give way to further gains.
New tariffs remain an uncertainty, of course, and specific industries—such as semiconductor manufacturing—are facing cyclical headwinds. Take Micron ( MU – Free Report), for example. The memory chip giant beat earnings estimates and posted decent profit guidance, but investors were not impressed. This implies that those reporting in the coming sessions will face pressure to post very strong numbers.
With that said, investors can always prepare for these events with the Zacks Earnings Calendar. This handy tool is your perfect one-stop-shop to properly prepare for earnings, dividend announcements, and other important financial releases.
We have not quite reached the beginning of the traditional Q3 reporting season, but next week will feature a number of recognizable earnings announcements.
But will any of the reports coming in the next few days have enough positive news to outweigh other headwinds? Let’s take a closer look at a few of the market’s marquee reports due during the week of September 24.
1. Nike, Inc. (NKE – Free Report)
Athletic apparel giant Nike is slated to release its latest quarterly earnings report after the bell on September 25. Nike has made headlines recently for its new #JustDoIt campaign featuring anthem protest leader Colin Kaepernick, but the trends which are likely to lead this report have been evident for some time.
Nike has dominated the domestic market and made inroads internationally en route to gaining over 60% in the past year. For the soon-to-be-reported quarter, analysts expect Nike to post earnings of $0.62 per share and revenue of $9.88 billion. These results would represent year-over-year growth of 8.8% and 8.9%, respectively. NKE is sporting a Zacks Rank #3 (Hold) right now.
