Earnings Reports for the Week of Jan. 11-15

Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

  • Monday (1/11)

  • Tuesday (1/12)

  • Wednesday (1/13)

  • Thursday (1/14)

  • Friday (1/15)

(Editor's Note: Earnings dates in tables are tentative. However, companies featured in "Earnings Spotlights" have officially announced their earnings dates.)

Earnings Calendar Highlights

MONDAY

Noteworthy Earnings Reports

Company

Symbol

Earnings estimate

Concentrix

CNXC

$1.98 per share

Kura Sushi

KRUS

-$0.64

Synnex

SNX

$1.91

TUESDAY

Earnings Spotlight: KB Home

KB Home (KBH, $33.04) was a clear beneficiary of the housing sector's unusual strength last year. By mid-October 2020, shares were more than 20% higher for the year-to-date, fueled in part by an expectation-crushing fiscal third-quarter report in September.

But while the homebuilding industry has cooled off since then, KBH shares gotten outright cold. KBH finished 2020 in the red and is off about 20% since mid-October; the SPDR S&P Homebuilders ETF (XHB) is up 2% in that time.

It's not a lack of confidence in the industry. UBS is among the analyst firms looking bullishly at homebuilders heading into 2021. "We expect homebuilders to benefit not only from sustained housing strength but also from 20%+ returns, well-managed land pipelines and strong cash flows," analyst Nishu Sood writes.

But UBS and a number of analysts remain lukewarm on KBH and have more tepid expectations for the year ahead. For instance, CFRA's Kenneth Leon recently downgraded the stock from Strong Buy to Hold, saying, "KBH's earnings calls are often lacking high confidence about the future, citing execution risks, or conservative land acquisition plans that reduce growth from new selling communities."

For the quarter to be reported after the Jan. 12 close, the pros are looking for a 27.0% decline to $1.14 billion, and a 29.0% drop in profits to 93 cents per share.

Other Noteworthy Reports

Company

Symbol

Earnings estimate

Albertsons

ACI

$0.42 per share

WEDNESDAY

Noteworthy Earnings Reports

Company

Symbol

Earnings estimate

IHS Market

INFO

$0.67 per share

Infosys

INFY

$0.16

Shaw Communications

SJR

$0.24

Wipro

WIT

$0.06

THURSDAY

Earnings Spotlight: Delta Air Lines

Ahead of the Jan. 14 open, Delta Air Lines (DAL, $40.02) will report its last full quarter that had no effect from COVID-19, and it shows. The pros are looking for a 67.9% drop in revenues to $3.68 billion, and a flip from a $1.70-per-share profit to a $2.47 EPS loss.

Yes, air travel has bounced off the bottom, but you can't really say they've recovered, either. As a for-instance, the U.S. Department of Transportation's latest Air Travel Consumer Report, released Dec. 18 and covering October 2020, shows 374,538 scheduled domestic flights in October 2020 – up from 180,000 in May 2020, but well, well off the 687,000 that were scheduled in October 2019.

Thursday's report is unlikely to provide any signs of hope, and instead should be one last wreck to ogle at before we start making recovery comparisons in three months.

Going forward, there's some optimism over Delta's prospects.

"As vaccines quell the pandemic in the U.s. in 2021, we expect major airlines with still manageable debt levels, like Delta and Southwest (LUV), will benefit from domestic business travel bouncing back similarly to what we are already seeing in the business jet and domestic China market."

Other Noteworthy Reports

Company

Symbol

Earnings estimate

Aphria

APHA

-$0.02 per share

BlackRock

BLK

$8.66

Taiwan Semiconductor

TSM

$0.94

FRIDAY

Earnings Spotlight: JPMorgan Chase

JPMorgan Chase (JPM, $136.02) will get the banks' earnings season kicked off with its Q4 report ahead of the Jan. 15 open. And while most experts in generally have been high on the financial sector going into 2021, the sector's red-hot returns since November have some analysts advising caution in 2021's early innings.

"With banks in vogue again, sentiment white hot, and valuations generally at fair value, we believe it is more prudent now to get less aggressive on the bank group," write Baird analysts. "We still find the relative risk/reward of banks vs. the broader market to be reasonably good but believe investors will likely be well served to be opportunistic rather than chase banks here."

As far as JPMorgan Chase goes, the firm has a Neutral rating on the stock with a $125 price target. JPM shares have eclipsed that level as part of a 34% rally over the past three months, suggesting there's not much more room for upside in the near-term.

The fourth quarter isn't expected to be anything special for JPMorgan Chase. Analysts are projecting revenues of $28.45 billion (+2.6% YoY) and profits of $2.57 per share (flat YoY).

Noteworthy Earnings Reports

Company

Symbol

Earnings estimate

Citigroup

C

$1.30 per share

PNC Financial Services

PNC

$2.59

Wells Fargo

WFC

$0.58

Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

Latest Stories

  • Trump reportedly told Kelly Loeffler he'd 'do a number on her' if she didn't back Electoral College challenge

    President Trump was prepared to "do a number" on outgoing Sen. Kelly Loeffler (R-Ga.) last week on stage during the president's final pre-runoff rally in Georgia, a source familiar with the events told The Washington Free Beacon's Eliana Johnson, per Politico.The implication is that Trump told Loeffler what he said about her on stage was contingent upon whether she backed the Electoral Colleges championed by Sens. Ted Cruz (R-Tex.) and Josh (R-Mo.), among others.> Scoop in @playbookplus, guest-written today by @elianayjohnson:> > Trump “told Kelly Loeffler before he landed in Georgia for a final rally on Monday that if she didn’t back the Electoral College challenges, he would ‘do a number on her,’ from the stage.”https://t.co/qdxrdmRB1N> > — Ryan Lizza (@RyanLizza) January 10, 2021Loeffler did plan to object, though it's unclear if the decision was directly related to Trump's alleged threat. Ultimately, the point was moot, since Loeffler lost to her Democratic challenger Raphael Warnock, and wound up voting to certify the President-elect Joe Biden's vote, afterwards. But the report still carries some significance for analysts, who think it's a microcosm of the larger issues that led to Loeffler's defeat.> In the end, it’s a symptom of the broader dynamic of Loeffler’s loss, one that was evident from the beginning of the year. She tried to transform herself into something she was not, alienating moderates while never being genuine enough to win over a skeptical Trump base.> > — Jacob Rubashkin (@JacobRubashkin) January 10, 2021Johnson's scoop also further suggests that Trump was willing to let the Republican Party lose control of the Senate for personal gain.More stories from theweek.com Sympathy for Ashli Babbitt 7 scathing cartoons about Trump's Capitol riot There will be no Trump heir

  • Sen. Joe Manchin says he'd 'absolutely' oppose Biden's stimulus checks, then swiftly walks it back after stocks tank

    President-elect Joe Biden announced some economic priorities on Friday, but Sen. Joe Manchin (D-W.V.) promptly poked some holes in his plans.Biden began laying out his framework for the next round of COVID-19 relief, reports The Washington Post, and said his plans include a multi-trillion-dollar package that would provide "more direct relief flowing to families, small businesses," in part via $2,000 stimulus checks.But Manchin, who Axios notes will become an increasingly important player as a moderate in the Democrats' razor-thin Senate majority, seemed taken aback by Biden's promise. "I don't know where in the hell $2,000 came from. I swear to God I don't," he said. "That's another $400 billion dollars." Since Republicans are united in opposing larger checks, resistance from a single Democrat could throw a wrench in Biden's plans.He told the Post he would "absolutely not" support larger stimulus checks for Americans, but a spokesperson later seemed to walk back his resistance, insisting Manchin "isn't drawing a red line against" $2,000 checks, but simply "believes vaccine distribution should be a higher priority," as NBC News' Sahil Kapur put it. Perhaps realizing how consequential his hardline opposition to the plan may be, Manchin later tweeted to note he was open to discussion. "If the next round of stimulus checks goes out they should be targeted to those who need it," he wrote. Conspicuously, between Manchin's initial comments and his clarification, markets seemed to notice the potential roadblock.> Stocks dropped from all-time highs after a report that West Virginia Senator Joe Manchin will oppose further direct aid payments, denting hopes for another sweeping spending bill https://t.co/qzugAEnxpL pic.twitter.com/34WGqpsXJ3> > — Bloomberg (@business) January 8, 2021Aside from Manchin's role in the announcement, Biden's remarks on his economic plans were noteworthy in that he prioritized extending unemployment insurance, as well as sending billions of dollars in aid to state and local governments, which could help speed up COVID-19 vaccine distribution. Read more at The Washington Post.More stories from theweek.com Sympathy for Ashli Babbitt Trump reportedly told Kelly Loeffler he'd 'do a number on her' if she didn't back Electoral College challenge 7 scathing cartoons about Trump's Capitol riot

  • Israelis protest Netanyahu amid 3rd virus lockdown

    Thousands of Israelis on Saturday renewed weekly demonstrations against Prime Minister Benjamin Netanyahu, calling for the long-serving leader to resign over corruption charges against him and his alleged mishandling of the coronavirus crisis. Protesters held signs reading “Go,” and “Bibi, let my people go,” referring to Netanyahu by his nickname. The protest in a Jerusalem square near Netanyahu’s official residence comes as Israel is the midst of its third national lockdown, which was recently tightened to shutter schools, and as the country presses forward with a world-leading vaccination drive.

  • Off-duty police, firefighters under investigation in connection with U.S. Capitol riot

    As investigators seek to identify rioters who stormed the U.S. Capitol, police departments in Virginia and Washington state have placed officers on leave as authorities examine whether they took part in unlawful acts while off-duty. Fire departments in Florida and New York City have also said they reported to federal authorities allegations that some of their members may have been present when the mob broke into the Capitol as Congress met to certify the results of the Nov. 3 presidential election. The police department in the small town of Rocky Mount, Virginia, said on Sunday it had placed two officers on administrative leave after it learned they attended an "event" in Washington, D.C. on Wednesday while off-duty.

  • Germany accused of breaching EU rules by purchasing supplies of vaccine unilaterally

    Germany has come in for criticism over a bilateral vaccine deal with Pfizer/Biontech to secure an extra 30 million doses of its vaccine at a time when talks between Brussels and the pharma firms were still ongoing. Berlin ordered the extra doses of the vaccine back in September at a time when it was trumpeting the virtues of a common EU purchasing strategy during its role as rotating president of the European Union. German Health Minister Jens Spahn confirmed last week that he had purchased an extra 30 million doses of the vaccine in a separate bilateral agreement with the company. The terms of the EU’s vaccine strategy, published in June, state that the 27 member states agree “not to launch their own procedures for advance purchase of that vaccine with the same manufacturers.” The pact was supposed to be an act of solidarity towards smaller members with weaker purchasing power. The European Commission on Friday avoided being drawn on whether Germany had breached the terms of the agreement, with a spokesman asking reporters to address the question to German authorities. Commission president Ursula von der Leyen said though that the member states had agreed that “there will be no parallel negotiations or parallel contracts.”

  • Trump was more upset that Capitol mob looked ‘low class’ than about violent attacks, reports say

    Advisers say the president was ‘turned off’ by the look of his supporters as they attacked the US Capitol

  • Huckabee disagrees with Trump’s comments on Capitol Hill riots, says he ‘didn’t use right words’

    Former Arkansas Governor Mike Huckabee argues President Trump should’ve ‘reminded’ Americans of his accomplishments, instead of giving the Democrats a reason to be ‘glad he’s leaving.’

  • Experts express concern about Biden's plan to release nearly all available vaccine doses

    President-elect Joe Biden plans to release nearly every available dose of the Pfizer-BioNTech and Moderna COVID-19 vaccines when he takes office later this month rather than holding back millions of second doses, his transition team said Friday. The decision is meant to "ensure the Americans who need it most get it as soon as possible."The Trump administration has insisted it's necessary to retain second doses, with Health and Human Services Secretary Alex Azar on Friday expressing concern that Biden's plan could backfire if there are any manufacturing mishaps.Outside of the White House, Dr. Leana Wen of George Washington University, was also apprehensive, noting that there is "an ethical consideration" since those who volunteered for the initial dose were reasonably expecting to receive the second in the proper amount of time. Biden does not intend to delay the second shot for those patients, and is instead counting on an increased production to keep pace. But, Wen says, not only is there no guarantee of a smooth manufacturing process, much of the slowdown has occurred between distribution and injection, so until that stage improves the risk of delay remains.> First, the bottleneck now is not supply, but the "last mile" between getting the vaccine to distribution sites & injecting it into people's arms. Speeding up this process should be the focus, or else vaccines will just sit in different freezers. > > (2/6)> > -- Leana Wen, M.D. (@DrLeanaWen) January 9, 2021Harvard University's Juliette Kayyem, however, is more on board with the plan. She believes it's unlikely there will be a supply problem and is encouraged by recent upticks in actual vaccinations. > Quick thoughts: we are unlikely to have a supply problem by Feb with Biden announcement (he is not changing FDA standards, only distribution timing of first vaccine because of reliance on supply chain per @ScottGottliebMD good idea) and other vaccines (johnson and johnson). 2/> > -- Juliette Kayyem (@juliettekayyem) January 9, 2021More stories from theweek.com Sympathy for Ashli Babbitt Trump reportedly told Kelly Loeffler he'd 'do a number on her' if she didn't back Electoral College challenge 7 scathing cartoons about Trump's Capitol riot

  • Second U.S. Capitol Police officer dies

    “Our officers need more than gratitude,” tweeted Rep. Dean Phillips.

  • Lukashenko promises new Belarus draft constitution by end of this year

    A new draft constitution for Belarus, which President Alexander Lukashenko has touted as a solution to a political crisis but the opposition rejects as a sham, will be drawn up this year, Lukashenko said in an interview to be broadcast on Sunday. Belarus has seen protests since an Aug. 9 presidential election which Lukashenko says he won but the opposition says was stolen. Thousands of protesters have been rounded up and nearly all opposition political figures have been driven into exile or jailed.

  • Pakistani Shiites end protests, hold funeral for 11 miners

    Hundreds of Pakistani Shiites gathered Saturday to bury 11 coal miners from the minority Hazara community who were killed by the Islamic State group, ending a week of protests that sought to highlight the community's plight. Protesters staged a sit-in after the militant group captured and shot the miners last Sunday in Machh, an area some 50 kilometers (30 miles) east of Quetta, the capital of Pakistan's troubled Baluchistan province. Prime Minister Imran Khan arrived Saturday afternoon in Quetta and was expected to meet with a delegation of mourners and Shiite leaders, according to his office.

  • North Korea's Kim threatens to build more nukes and bring U.S. to its 'knees'

    North Korean dictator Kim Jong Un called the U.S. his country's "arch-enemy."

  • Clyburn suggests House may wait to send Trump impeachment article to Senate until after Biden settles into office

    House Majority Whip Jim Clyburn (D-S.C.) told CNN's Jake Tapper on Sunday that even if, as he expects, Congress introduces and votes on an article impeachment against President Trump this week, they may not send it to the Senate right away.For starters, Senate Majority Leader Mitch McConnell (R-Ky.) has indicated that, because Congress is on recess, the upper chamber wouldn't be able to hold a trial until the afternoon of Jan. 20, which theoretically would be after President-elect Joe Biden is sworn as Trump's successor. Clyburn's concern with that timeframe isn't related to Trump being out of office, though. Instead he's concerned it would distract Congress from important tasks during the early stages of Biden's presidency, which is why he thinks the House may consider send the article to the Senate until after the first 100 days of the new administration are up.> Rep. James Clyburn says while he expects the House will take action on the article of impeachment against Pres. Trump this week, House Democrats might wait until after President-elect Biden's first 100 days in office to send the article to the Senate. CNNSOTU pic.twitter.com/aLjjNWAxG9> > -- State of the Union (@CNNSotu) January 10, 2021However, there's no historical precedent for impeaching a president after exiting the White House, so while there are legal scholars who think a former president could be subject to impeachment after leaving office, the question could lead to a lengthy court battle, pushing the congressional process even further down the road. > Obama administration veteran and author of Impeachment: a guide, Cass Sunstein, tells @PeteWilliamsNBC that he doesn't think you have impeach a president after he leaves. "I tend to believe it is only for current office holders"https://t.co/BmC1NuS8k5> > -- Alex Thompson (@AlexThomp) January 10, 2021More stories from theweek.com Sympathy for Ashli Babbitt Trump reportedly told Kelly Loeffler he'd 'do a number on her' if she didn't back Electoral College challenge 7 scathing cartoons about Trump's Capitol riot

  • Indonesian divers spot parts of Boeing 737-500 wreckage after signal detected

    Indonesia's military chief said on Sunday divers have spotted parts of the wreckage of a Boeing 737-500 at a depth of 23 meters (75 feet) in the Java Sea, a day after the aircraft with 62 people onboard crashed. "We received reports from the diver team that the visibility in the water is good and clear, allowing the discovery of some parts of the plane," Air Chief Marshal Hadi Tjahjanto said in a statement. He said: "We are sure that is the point where the plane crashed." He said the objects included broken pieces of fuselage with aircraft registration parts. Earlier, rescuers pulled out body parts, pieces of clothing and scraps of metal from the surface. "As of this morning, we've received two (body) bags, one with passenger belongings and the other with body parts," Jakarta police spokesman Yusri Yunus told Metro TV.

  • Horned Capitol rioter is ‘failed actor and QAnon conspiracy theorist who lives with his mother’ — report

    Jacob Angeli Chansley seen at pro-Trump rallies and spread disproved QAnon theories

  • The Latest: Virus infections top 90 million confirmed cases

    Coronavirus infections have now surpassed 90 million confirmed cases around the world, as more countries braced for wider spread of more virulent strains of a disease that has now killed nearly 2 million worldwide. The number of infections worldwide has doubled in just 10 weeks, according to a tally by John Hopkins University on Sunday. COVID-19 infections had hit 45 million as recently as late October.

  • FAA chief vows tough line after some Trump supporters disrupt flights

    The head of the Federal Aviation Administration (FAA) on Saturday vowed to take "strong enforcement action" against unruly passengers following reports of supporters of U.S. President Donald Trump disrupting flights returning from Washington. The FAA said it shared the concerns raised by airlines and Association of Flight Attendants. "I expect all passengers to follow crew member instructions, which are in place for their safety and the safety of flight," FAA Administrator Steve Dickson said in a statement.

  • Backlash after Seoul advises pregnant women to look after their husbands during labour

    The Seoul city government has come under fire for offering sexist tips for women on a website promoting childbirth, which included suggestions that they should prepare underwear for their husbands before going to hospital to give birth. The guidelines, published on the “Seoul City Pregnancy and Childbirth Information Centre” website, aimed at providing tips on preparing for pregnancy, education on childbirth, and general information for both new or expectant mothers. When the website launched in 2019, the city government said it would help “induce social interest” in overcoming South Korea’s low birth rate, which is currently the world’s lowest. The population declined for the first time in the country’s history in 2020. The controversial content only came to light after going viral on social media earlier this month. The inappropriate parts have now been deleted. The guidelines told women who were getting ready to go to hospital to “throw away the old food in the fridge and prepare 3-4 side dishes” and “prepare instant food such as instant curry so that your husband who isn’t good at cooking can conveniently prepare them”. The tips also advised to prepare several days’ worth of underwear, socks, and shirts for the husband and children, and to check the remaining amount of daily necessities at home such as toilet paper and soap to make sure they are not inconvenienced by the mother’s absence while in hospital. On physical appearance, the website said pregnant women must not put off washing the dishes and cleaning the house so that they do not gain weight. It also told women to hang up smaller clothes worn prior to marriage to motivate them to exercise after giving birth. On social media, critics pointed that such anachronistic fixed gender roles were the very reasons women were putting off marriage and pregnancy, in what remains a largely patriarchal society. A petition on the presidential Blue House website demanding those responsible for the website to apologise and be punished gained over 20,000 after one day. South Korean media report the guidelines were “supervised” by the Korean Society of Obstetrics and Gynecology.

  • Democratic wins could strengthen Biden's legislative push

    President-elect Joe Biden's victory in November was tempered by concerns that he would face Republican opposition in the Senate that could stymie him at every turn. “I think it makes my job easier, quite frankly,” Biden said Friday.

  • Capitol protests organized by Alabama AG’s nonprofit group

    Alabama Attorney General Steve Marshall plays a key role in the group that helped organize the protest rally that took place in D.C. prior to the deadly revolt at the U.S. Capitol on Wednesday. Marshall is at the helm of the Republican Attorneys General Association’s dark-money nonprofit, Rule of Law Defense Fund (RLDF), which is listed as a participating organization for the March to Save America on the march’s website. Although the website has been taken down, archived versions confirm RLDF as a participating group, according to Alabama Political Reporter.