Retail Heavyweights Lead Earnings Calendar Next Week

Next week's earnings calendar features retail giants Walmart, Home Depot, and Target, providing insight into consumer spending trends for the second half of the year. Other companies reporting earnings include Baidu, Zoom, Medtronic, ZimVie, and Palo Alto Networks. These earnings releases will be closely watched by investors for clues on the state of consumer spending and the overall health of the US economy.

Next week's earnings calendar features a mix of retail giants and tech firms, providing valuable insights into consumer spending trends and the overall health of the US economy. Retailers such as Walmart, Home Depot, and Target will release their second-quarter earnings, offering a snapshot of consumer spending for the second half of the year. Additionally, companies like Baidu, Zoom, Medtronic, ZimVie, and Palo Alto Networks will also report, giving investors a comprehensive view of the market's health.

Walmart (WMT)
Walmart, the world's largest retailer, is expected to report earnings per share of $0.72 for the quarter ended July 2025, representing a year-over-year change of +7.5% [1]. Revenue is projected to be $175.51 billion, up 3.7% from the year-ago quarter. The company's Earnings ESP (Expected Surprise Prediction) of +4.95% suggests that analysts have recently become bullish on Walmart's earnings prospects. This positive Earnings ESP, combined with its Zacks Rank #2 (Buy), indicates a high likelihood of beating the consensus EPS estimate [1].

Home Depot (HD) and Target (TGT)
Home Depot and Target are also set to release their second-quarter earnings reports. Analysts expect Home Depot to report growth in revenue and same-store sales, while Target's earnings call will focus on the company's termination of its partnership with Ulta (ULTA) [3]. These reports will provide insights into consumer spending and the resilience of these retail giants.

Other Notable Earnings Releases
Baidu, Zoom, Medtronic, ZimVie, and Palo Alto Networks are among the other companies reporting earnings next week. These releases will offer investors a broader perspective on the economy and the impact of various factors such as inflation and tariffs on consumer sentiment.

Earnings Season Insights
While earnings season is winding down, the results have been mostly positive, with over 90% of S&P 500 index companies reporting results and an 11.8% jump in earnings per share expected for the second quarter [2]. However, investors should remain cautious and look for clues about the impacts of inflation and other concerns on consumer sentiment.

Conclusion
Next week's earnings calendar promises a wealth of information for investors. Retail giants like Walmart, Home Depot, and Target, along with tech firms like Baidu and Zoom, will provide valuable insights into consumer spending trends and the broader economic health. Investors should pay close attention to these earnings releases to gauge the state of the economy and make informed investment decisions.

References:
[1] https://finance.yahoo.com/news/walmart-wmt-reports-next-week-140002247.html
[2] https://finance.yahoo.com/news/live/earnings-live-retail-bellwethers-walmart-target-home-depot-and-lowes-to-report-results-next-week-203206870.html
[3] https://finance.yahoo.com/video/home-depot-target-walmart-retail-120025841.html