Upcoming Earnings To Watch: LEN, STZ, BBBY

Stocks whipsawed this week, as market bears raised concerns about sluggish manufacturing activity and Apple’s profit warning, while bulls touted the solid jobs report and trade war progress as reasons to remain optimistic about the economy.

Trade officials from the U.S. and China will meet next week in Beijing, and it feels like Wall Street is expecting the negotiations to go well. This, on top of another reminder that the domestic employment situation is historically strong, could help stocks rip higher.

Another important catalyst will be the upcoming earnings season. The bulk of Q4 reporting is still on the horizon, but next week will see a small wave of notable companies publishing their latest results, and that could help set the tone for the next month or so.

With that said, investors should remember to use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

We have made this task even easier today by selecting a few of next week’s top reports to preview right now. Let’s take a closer look at a few of the earnings announcements due during the week of January 7.

1. Lennar Corporation (LEN)

The earnings reports really kick off next with the release of homebuilding giant Lennar’s latest quarterly results on Wednesday morning. The new homes market has faced its own batch of issues lately, and that has dragged LEN shares down more than 40% in the past year. The stock has tested a bottom, though, and it could always mount a recovery on the back of a strong earnings report.

Lennar is expected to post earnings of $1.93 per share and revenue of $6.53 billion, according to our Zacks Consensus Estimates. These results would represent year-over-year growth rates of 49.6% and 72.5%, respectively. Comparisons will continue to be lifted by the acquisition of CalAtlantic earlier this year. In recent weeks, earnings estimates for the current and upcoming fiscal quarters have been revised downward.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this ...

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