The earnings reporting season for the first quarter of 2022 officially started on Apr. 13. So far, the percentage of S&P 500 companies that beat EPS estimates is above the five-year average.
However, the benchmark index is down over the past three weeks, while the blue-chip Dow Jones Industrial Average is down for the last four consecutive weeks.
Amid such a backdrop, let’s take a look at the 10 biggest companies reporting earnings next week.
The Ten Biggest Companies Reporting Earnings Next Week
We have ranked the companies on the basis of their market cap data as of May 10. Here they are in reverse order.
10. Palo Alto Networks
Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks (NASDAQ:PANW) offers network security solutions to service providers, government entities and enterprises.
Its shares are down by over 11% year-to-date and by almost 11% in the last five days. Palo Alto Networks shares are presently trading at over $490, while they have a 52-week range of $322.23 to $640.90. The company is scheduled to report its earnings on May 19.
9. TJX
TJX Companies (NYSE:TJX), founded in 1976 and headquartered in Framingham, Massachusetts, retails off-price apparel and home fashion products. Year-to-date, TJX shares are down by over 26% and by almost 13% in the last five days.
TJX is presently trading at over $55, while their 52-week range is $55.07 to $77.35. The retailer is scheduled to report its earnings on May 18.
8. Analog Devices
On May 18, Analog Devices (NASDAQ:ADI) is scheduled to report its latest earnings. Founded in 1965 and headquartered in Wilmington, Massachusetts, this company designs, develops, makes and markets integrated circuits (ICs).
Its shares are down by over 11% year-to-date and by over 5% in the last five days; currently, ADI is trading at over $156, while their 52-week range is $143.81 to $191.95.
7. Applied Materials
Founded in 1967 and headquartered in Santa Clara, California, Applied Materials (NASDAQ:AMAT)'s stock is down by almost 31% year-to-date and by over 8% in the last five days.
The company offers equipment, services and software to the semiconductor, display and related industries. Its shares are trading at over $108, while they have a 52-week range of $105.18 to $167.06. The firm is scheduled to report its earnings on May 19.
6. Target
Target Corporation (NYSE:TGT) owns and operates general merchandise stores that also sell grocery items like perishables, dairy, frozen, and dry grocery items. Its shares are down by over 5% year-to-date and by over 7% in the last five days.
Shares of the Minneapolis, Minnesota headquartered company founded in 1902 are presently trading at over $219, while their 52-week range is $184 to $268.98. The big box retailer is scheduled to report its earnings on May 18.
5. Deere & Co
Founded in 1837 and headquartered in Moline, Illinois, Deere & Company (NYSE:DE) deals in equipment used in agriculture, construction, forestry and turf care. Its shares are up by almost 9% year-to-date but down by over 5% in the last five days.
Shares of Deere & Co. are presently trading at over $373, while their 52-week range is $320.50 to $446.76. The company is scheduled to report its earnings on May 20.
4. Lowe's
Lowe's Companies (NYSE:LOW), whose stock is down by almost 25% year-to-date and by over 6% in the last five days, is expected to report its latest earnings on May 18.
Headquartered in Mooresville, North Carolina, Lowe's has been selling home improvement products, including those used in remodeling, maintenance, repair, and other areas since its founding in 1946.
Its shares are presently trading at over $194, while their 52-week range is $182.08 to $263.31.
3. Cisco Systems
Founded in 1984 and headquartered in San Jose, California, Cisco Systems (NASDAQ:CSCO) deals in internet protocol-based networking products and services for the communications and information technology industry.
Its shares are down by over 20% year-to-date and by over 4% in the last five days. Cisco Systems shares are presently trading at over $49, while their 52-week range is $48.67 to $64.29. The tech firm is scheduled to report its earnings on May 18.
2. HD
Founded in 1978 and headquartered in Atlanta, Georgia, Home Depot Inc (NYSE:HD) sells building materials and home improvement products. Its shares are down by almost 30% year-to-date and by over 7% in the last five days. Home Depot shares are presently trading at over $291, while their 52-week range is $286.25 to $420.61. The retailer is scheduled to report its earnings on May 17.
1. Walmart
Founded in 1945, Walmart (NYSE:WMT) operates a chain of hypermarkets, grocery stores, and discount department stores. The Bentonville, Arkansas headquartered giant's shares are up by over 4% year-to-date but are down by almost 3% in the last five days.
The stock is presently trading at over $150, while their 52-week range is $132.01 to $160.77. The big box retailer is scheduled to report its earnings on May 17.