NVIDIA (NVDA)
AI darling Nvidia is set to report its results on Wednesday and investors have not held back their optimistic expectations. Buy-side estimates for Nvidia are 9% above consensus at $21.7 billion (£17.2 billion) for the fourth quarter.
The chipmaker’s lead in artificial intelligence has earned it the third-highest market capitalization in the world, behind only Apple (AAPL) and Microsoft (MSFT).
Consensus calls for Nvidia to report earnings per share of $4.60 and revenue of $20.36 billion, representing year-over-year growth of 422% and 236%, respectively.
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Nvidia’s share price is up 46.6% so far in 2024, with another plus point in 2023, which is already up 238%.
Walmart (WMT)
America’s largest retailer will announce its fourth-quarter results this Tuesday before trading opens in the US.
In the US, comparable-store sales are expected to rise 3.2 percent, according to Bloomberg consensus data. This is a significant decline from the 8.8 percent growth in the same period last year.
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As the nation’s largest retailer and private employer, Walmart often serves as a barometer for how consumers feel about their finances and how they deal with challenges like rising grocery prices.
Wall Street expects Walmart to post adjusted earnings per share (EPS) of $1.65 on record revenue of $169.26 billion in the quarter ending in January. That would represent a 4% increase in revenue but a slight decline from the year-ago quarter, when adjusted EPS was $1.71.
Home Depot (HD)
The home improvement company’s share price was near its two-year high ahead of the release of its fourth-quarter results this Tuesday.
Investors are bracing for Home Depot’s first sales decline since 2009.
Analysts expect Home Depot’s revenue to fall 3% to $34.6 billion in the fiscal fourth quarter. Annual revenue is also expected to fall by the same amount. Store sales are expected to fall 3.2%.
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Investors may be interested in Home Depot’s comments on consumer behavior and consumer response to high inflation.
Holiday Inn owner InterContinental Hotels Group (IHG) has announced a new share buyback and increased its dividend by 10% after reporting better-than-expected room revenue and adjusted operating profit above $1 billion for the first time.
The hotel group reported total revenue of $4.6 billion and operating profit of $1.06 billion, corresponding to earnings per share of 443.8 cents.
The owner of the Crowne Plaza, Regent and Hualuxe hotel chains increased its final dividend by 10% to 104 cents and launched a new share buyback program worth $800 million.
CEO Elie Maalouf said: “The travel industry has attractive, long-term demand drivers and the strength of our brand portfolio and corporate platform will continue to drive our RevPAR and system size growth.”
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