Upcoming Earnings To Watch: FDX, KR, DRI

Markets opened lower on Friday after President Donald Trump and his administration announced that it will impose $50 billion worth of tariffs on goods from China. With trade war fears between the world’s two largest economies heightened once again, investors will want to pay close attention to companies reporting their quarterly earnings results next week.

The official White House statement said it would implement a 25% tariff on $50 billion of Chinese goods “that contain industrially significant technologies.” China then responded in kind, noting that the country will roll out its own tariffs on American goods in “equal scale and equal strength.”

The latest trade war concerns will likely put even more pressure on companies and stocks, which means investors need to know what to expect. Luckily, investors can use the Zacks Earnings Calendar to prepare for important dates. The calendar includes earnings, dividend announcements, and other important financial releases, making it the perfect one-stop-shop to properly prepare for the market events that will have an impact on portfolios.

Using the Earnings Calendar, we took a look ahead to next week and picked out some top reports to keep an eye on during the week of June 18.

1. FedEx (NYSE:FDX)

Shipping powerhouse FedEx is set to report its latest quarterly financial results after market close on Tuesday, June 19. Shares of FedEx are up over 25% in the last year and have also climbed 6% during the last four weeks. So what can investors expect from FDX on Tuesday? Let’s take a look.

FedEx is expected to see its revenues climb by 9.27% to hit $17.19 billion, based on our current Zacks Consensus Estimates. At the other end of the income statement, the company’s adjusted earnings are projected to reach $5.71 per share, which would mark a strong 34.35% surge from the year-ago period. Investors should note that FedEx is also currently a Zacks Rank #2 (Buy) and sports a “B” grade for Value in our Style Scores system.

2. Kroger (NYSE:KR)

Grocery store chain Kroger is set to report its first quarter 2018 earnings results before the market opens on Thursday, June 21. Kroger has seen its stock price pop 11.8% over the last 12 weeks, including a 3.4% climb during the last month. This should please investors as many in the retail grocery world feared the prevalence of delivery services and Amazon’s (NASDAQ:AMZN) Whole Foods purchase might hurt the company.

Our latest Zacks Consensus Estimates are calling for Kroger’s Q1 earnings to climb by 8.62% to reach $0.63 per share. Meanwhile, the company’s quarterly revenues are projected to hit $37.01 billion, which would mark just a 2% gain from the year-ago period. KR is currently a Zacks Ranks #3 (Hold).

3. Darden Restaurants (NYSE:DRI)

Darden, which owns Olive Garden, Longhorn Steakhouse, among other chains, is set to release its fourth quarter fiscal 2018 financial results before the market opens on Thursday. Shares of Darden are up only 2.7% over the last year, but have climbed 7.3% in the last four weeks in a sign that investors might be expecting big things from the company’s quarterly earnings results.

Darden is currently a Zacks Rank #3 (Hold) that is expected to report quarterly earnings of $1.35 per share, which would mark a 14.4% climb from the period-year period. The restaurant group’s revenues are projected to surge 9.82% to hit $2.12 billion.

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