WMT, CSCO, & HD: Three retail, tech stocks to watch this week

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WMT, CSCO, & HD: Three retail, tech stocks to watch this week

WMT, CSCO, & HD: Three stocks to watch this week
Image source: © Photomall | Megapixl.com

Highlights:

  • WMT to report its first-quarter results for FY2023 on May 17, 2022.
  • Cisco’s revenue for fiscal 2021 was US$49.8 billion.
  • HD’s net earnings were US$16.4 billion or US$15.53 per diluted share for fiscal 2021.

Investors felt relieved as stocks ended higher on Friday after days of intense selling pressure. The selloff impaled growth and tech stocks, including the big FAANGs - Meta Platforms (FB), Amazon.com, Inc (AMZN), Apple Inc. (AAPL), Netflix (NFLX), and Google parent Alphabet Inc (GOOG, GOOGL), hitting their 52-week low. Here are three stocks to watch out for this week:

Walmart Inc. (NYSE: WMT):

Closing price on May 13, 2022: US$148.05
Price range in the last 52 weeks: US$160.77 to US$132.01

The US multinational retail corporation is a global leader in the segment, operating a chain of supercenters, grocery stores, and departmental discount stores. Walmart is headquartered in Bentonville, Arkansas.

WMT will report its fiscal 2023 first-quarter earnings on May 17, 2022.

Walmart Inc. has a market cap of US$407.55 billion, a P/E ratio of 30.34, and a forward one-year P/E ratio of 21.93. Its EPS is US$4.88.

Walmart’s revenue for the fiscal year 2022 was US$573 billion, which grew by US$14 billion YOY.

The retail behemoth has 2.3 million associates worldwide.

Wall Street is anticipating earnings of US$1.48 per share on revenue of US$138.03 billion for Walmart. The earnings in the year-ago quarter were US$1.69 per share on revenue of US$137.16 billion.

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WMT, CSCO, & HD: Three stocks to watch this week© Wavebreakmediamicro | Megapixl.com

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Cisco (Nasdaq: CSCO):

Closing price on May 13: US$49.56
Price range in the last 52 weeks: US$47.47 to US$64.28

Cisco (NASDAQ: CSCO) is a global market leader in internet technology. Headquartered in San Jose, California, United States, CSCO helps clients reimagine applications, secure their data, and transform infrastructure while providing new possibilities for a global and inclusive future.

Cisco will announce its third-quarter fiscal year 2022 financial results on May 18, 2022.

Cisco has a market cap of US$205.59 billion, a P/E ratio of 17.7, and a forward one-year P/E ratio of 16.04. Its EPS is US$4.88. Cisco’s revenue for fiscal 2021 was US$49.8 billion. It was driven by a robust Q4, 2021 performance of US$13.1 billion in revenue. 

Wall Street expects Cisco to earn 86 cents per share on revenue of US$13.34 billion. The year-ago quarter’s earnings came in at 83 cents per share on revenue of US$12.8 billion.

Home Depot (NYSE: HD):

Closing price on May 13: US$296.03
Price range in the last 52 weeks: US$280.63 to US$420.61

The Home Depot is a global leader in the home improvement specialty sector. Home Depot runs 2,317 retail stores in all 50 states, the District of Columbia, Puerto Rico, the US Virgin Islands, Guam, 10 Canadian provinces, and Mexico. The company has about 500,000 associates.

Home Depot will announce its first-quarter fiscal year 2022 financial results on May 17, 2022.

Home Depot has a market cap of US$305.90 billion, a P/E ratio of 19.7, and a forward one-year P/E ratio of 18.53. Its EPS is US$15.52.

HD reported net earnings of US$16.4 billion or US$15.53 per diluted share for fiscal 2021. The company’s net earnings the previous year remained at US$12.9 billion, or US$11.94 per diluted share. For fiscal 2021, diluted earnings per share increased by 30.1% YoY.

Wall Street anticipates Home Depot to earn US$3.68 per share on revenue of US$36.65 billion. The earnings in the year-ago quarter were US$3.86 per share on revenue of US$37.5 billion.

Bottom line:

Another company that is reporting its earnings is Target (TGT), America’s 8th largest department store chain headquartered in Minneapolis, Minnesota. The earnings of most of the major companies for the latest quarter have been already declared.

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