Upcoming Earnings Reports To Watch: BBBY, BLK, DAL

Stocks opened lower and stayed in the red throughout early morning trading Friday after reports emerged suggesting that President Trump is doubling down on tariffs and has ordered the U.S. Trade Representative to consider new charges on an additional $100 million in Chinese imports.

The move is an extension of trade disputes between the U.S. and China that stretch back to early March, when the Trump administration announced tariffs on foreign steel and aluminum. Concerns that this issue would snowball into a full-blown, tit-for-tat trade war escalated this week as both nations released their own lists of products to target.

All of these tariffs are part of ongoing negotiations, and it is unclear exactly how things will unfold just yet. Nevertheless, trade anxiety is high and could control the direction of stocks until earnings season gets cranking over the next few weeks.

The upcoming week is not packed with reports, but it does mark the unofficial start of earnings season with the big financials announcing next Friday. With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

In this piece, we will be taking a look at three of the most-important reports to anticipate before the big financials announce on Friday. Make sure to keep an eye on these companies as they prepare to report during the week of April 9.

1. Bed Bath & Beyond Inc. (BBBY)

Bed Bath & Beyond is a retailer offering a wide selection of domestics merchandise and home furnishings. The company is slated to announce its latest quarterly financial results after the closing bell on April 11. Shares of BBBY have slumped nearly 4% in the month ahead of its report date.

The Zacks Consensus Estimate for earnings is pegged at $1.41 per share, which would represent a drop of more than 23% from the year-ago period. Our consensus estimate for revenue is calling for net sales of $3.67 billion, which would represent growth of nearly 4%. The stock is sporting a Zacks Rank #3 (Hold) ahead of the report.

2. BlackRock, Inc. (BLK)

Investment management behemoth BlackRock is set to report its first-quarter earnings results before the market opens on April 12. BlackRock shares have dipped during recent market volatility, but the stock is still up nearly 36% since this time last year. The Zacks Consensus Estimate is calling for adjusted earnings of $6.46 per share, which would represent growth of 23%.

Meanwhile, BlackRock’s quarterly revenues are expected to climb 15.5% to touch $3.26 billion, based on our current consensus estimate. Heading into the report, BLK is trading with a Forward P/E of about 17.7, which is a noticeable premium to its industry’s average. Investors will hope that BlackRock can justify that premium with solid results.

3. Delta Air Lines, Inc. (DAL)

Delta is scheduled to release its latest quarterly earnings results before the opening bell on April 12. The company recently issued an encouraging outlook with respect to total revenue per available seat miles for the quarter, with the metric expected to improve by approximately 5%. Overall, the Zacks Consensus Estimate is projecting adjusted earnings of $0.73 per share.

This bottom line result would represent a year-over-year dip of about 5%. Meanwhile, our consensus revenue estimate is projecting net sales of $9.82 billion, which would mark a 7% improvement from the prior-year period.

Disclaimer: Neither Zacks Investment Research, Inc. nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web ...

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