Earnings week ahead: Oracle, Kroger, Lennar, Adobe and more

Although the pace of earnings releases has slowed to a crawl, there are still a few crucial reports coming in the upcoming week. The financial figures could impact expectations not only for widely held individual names, but for key sectors like enterprise software and housing.

Specifically, investors are looking forward to quarterly updates from Oracle (NYSE:ORCL), Adobe (NASDAQ:ADBE), Kroger (NYSE:KR) and Lennar (NYSE:LEN), among others. Below is a rundown of major quarterly updates anticipated in the week of June 12 to 16:

Monday, June 12

Oracle (ORCL)

Oracle (ORCL) is all set to release its Q4 results following the close of the market on Monday. In the previous quarter, the company reported mixed results but announced a dividend increase of 25%.

This time around, analysts anticipate higher sales and EPS compared to previous year. Wall Street analysts have a consensus Buy rating on the stock, which has climbed more than 30% so far this year.

• Consensus EPS Estimates: $1.58
• Consensus Revenue Estimates: $13.73B
• Earnings Insight: Oracle has exceeded EPS and revenue estimates in 6 of the past 8 quarters.

Also reporting: MillerKnoll (MLKN) and ECARX Holdings (ECX).

Tuesday, June 13

Iteris (ITI)

Iteris (ITI) is due to release its Q4 results after the market closes on Tuesday. Leading up to the results, the company has disclosed several contract wins during the quarter.

• Consensus EPS Estimates: $0.06
• Consensus Revenue Estimates: $40.47M

Also reporting: Motorcar Parts America (MPAA), MamaMancini’s (MMMB)

Wednesday, June 14

Lennar (LEN)

Lennar (LEN) is scheduled to release its Q2 results on Wednesday, with the figures coming out after the closing bell. Investors will be looking closely at how dramatically interest rates have impacted financial conditions for the home builder.

• Consensus EPS Estimates: $2.30
• Consensus Revenue Estimates: $7.32B
• Earnings Insight: The company has exceeded EPS expectations in 8 straight quarters, missing revenue estimates 3 times in that timeframe.

Also reporting: Aurora Cannabis (ACB), AMMO Inc. (POWW), High Tide (HITI), RF Industries (RFIL) and JW Mays (MAYS).

Thursday, June 15

Adobe Systems (ADBE)

Adobe Systems (ADBE) is scheduled to announce its Q2 earnings results on Thursday, following the market's close. Analysts hold an optimistic view on the design software provider and are expecting to see a Y/Y increase in both earnings per share and revenue.

• Consensus EPS Estimates: $3.79
• Consensus Revenue Estimates: $4.77B
• Earnings Insight: Adobe has beaten EPS estimates in 8 consecutive quarters, missing revenue estimates only twice in that span.

Kroger (KR)

Kroger (KR) is poised to report its Q1 earnings results before the market opens on Thursday. Beyond the results themselves, investors will be looking for any further updates regarding the company's proposed $25B acquisition of supermarket chain Albertsons (ACI), which is still pending due to review by antitrust regulators.

• Consensus EPS Estimates: $1.45
• Consensus Revenue Estimates: $45.2B
• Earnings Insight: The company has beaten EPS estimates in 8 consecutive quarters, missing revenue estimates only once in that span.

Also reporting: Jabil Inc. (JBL), Cognyte (CGNT), Tesco (OTCPK:TSCDY), John Wiley and Sons (WLY) and 111 Inc. (YI).

More on Oracle and Lennar

• Oracle: Enormous Potential With A Call For Caution
• Oracle Earnings Preview: Quality Not As Robust As You'd Expect
• Lennar: The Market Likely Isn't Considering The Cyclical Evidence