Earnings Week Ahead: Salesforce, Gamestop, Lululemon and more
Spencer Platt/Getty Images News

Earnings season is accelerating towards the finish line, with such high-profile names as Victoriaâs Secret (NYSE:VSCO), RH (RH), Salesforce (NYSE:CRM), Gamestop (NYSE:GME), and Lululemon (NASDAQ:LULU) set to report next week.
With many of the twists and turns stemming from earnings reports in the retail sector like Walmart (WMT) and Target (TGT), tech in terms of Nvidia (NVDA) and Dell Technologies (DELL), and the energy sector via Chevron (CVX) and Exxon Mobil (XOM) already realized, the remaining names set to report could set the path forward for summer trading. Or, in line with the trend in recent weeks, the reports could prompt more wild swings in individual stocks, broader sectors, and even major indices.
Below are some key reports to monitor during the holiday-shortened week ahead:
Monday, May 30
Market closed for Memorial Day
Tuesday, May 31
Weibo Corp. (WB)
With U.S. markets closed for the Memorial Day holiday, Chinese social media giant Weibo (WB) moved its first quarter earnings report to Tuesday before the market open. Coming off of an Alibaba (BABA) driven bounce to close the prior weekâs trading, Weibo could potentially promote more positivity on Chinese stocks. That said, delisting drama still hangs over the company, alongside general uncertainty about the risks associated with investing in stocks subject to regulatory crackdowns in China:

Consensus EPS Estimate: $0.46
Consensus Revenue Estimate: $473.76M
Things to Watch: Commentary on state of China, delisting issue

Salesforce (CRM)
The SaaS stalwart will report after the bell on Tuesday, seeking to stem the tide of steep declines for the stock year to date. The Marc Benioff-led software giant has been a consistent performer on earnings, pushing past analyst estimates without a pause for the past two years. However, concerns are building ahead of the quarterly report that a softer book of renewal business could cause the company to come up short of the mark on Tuesday. Either way, the report will serve as an important bellwether for investors eyeing the software space and especially cloud stocks after

Consensus EPS Estimate: $0.94
Consensus Revenue Estimate: $7.38B
Things to Watch: Guidance and commentary on demand

Ambarella, Inc. (AMBA)
Ambarella, Inc. (AMBA) has been a consistent performer in recent quarters, beating the analyst consensus on top and bottom lines for the past eight quarters in a row. Yet the semiconductor industry is coming into question as of late as supply and demand dynamics shift out of a shortage and cracks in the bull thesis start to shine through. After weaker-than-expected guidance from Nvidia (NVDA), a strong report post-market from an automotive-focused semiconductor player could be a positive catalyst for the industry.

Consensus EPS Estimate: $0.37
Consensus Revenue Estimate: $90.06M
Things to Watch: Inventory commentary

ChargePoint (CHPT)
On the opposite end of the consistency spectrum from Salesforce, Chargepoint Holdings (CHPT) has disappointed on EPS estimates in each of the last five quarters. While positive results from key competitors EVgo (EVGO) and Volta (VLTA) could encourage some optimism, the consequences of a miss by CHPT could be dire should the market move be negative. A beat on the bottom line, therefore, will be pivotal in the companyâs post-market report.

Consensus EPS Estimate: ($0.18)
Consensus Revenue Estimate: $76.05M
Things to Watch: EV adoption commentary, lighter losses

Victoria's Secret & Co. (VSCO)
Retail stocks have been a rollercoaster ride for traders in earnings season thus far. With Victoriaâs Secret (VSCO) reporting after the close on Tuesday, there could be more twists and turns yet. After a 20% drop in 2022 thus far, shares are trading at an exceedingly cheap multiple. However, as retail earnings have revealed recently, some stocks are cheap for good reason:

Consensus EPS Estimate: $0.84
Consensus Revenue Estimate: $1.47B
Things to Watch: Inventory and inflation impact

HP Inc. (HPQ)
After Dell (DELL) was able to drive higher on earnings, HPâs (HPQ) earnings could provide further color on the PC market as many players continue to contend with supply chain shortages. Managementâs ability to court confidence amid inflation and supply-chain problems could prove pivotal to both its stock and the sub-sector it occupies.

Consensus EPS Estimate: $1.05
Consensus Revenue Estimate: $16.19B
Things to Watch: China concerns and supply-chain commentary

Wednesday, June 1
PVH Corp. (PVH)
PVH (PVH) should provide more perspective on retail-industry trends on Wednesday. The Calvin Klein parent is expected to bounce back to 2019 sales levels, a high bar to clear in an uncertain retail environment. However, the company was recently noted by Goldman Sachs as a retailer with strong and stable margins. If that is the case, the company could well best estimates and encourage a sustained bounce for the beaten down sector.

Consensus EPS Estimate: $1.60
Consensus Revenue Estimate: $2.09B
Things to Watch: China sales, inventory issues

Capri Holdings (CPRI)
Much the same as PVH, Capri Holdings (CPRI) is likely to set the course for apparel retailers on its earnings-release day. It is worth noting that while the stock has fallen more than 30% in 2022, its slide was perhaps exacerbated by large-scale divestment by Melvin Capital as that hedge fund liquidated. Metrics like margins and inventory are likely to come into focus for the Michael Kors parent, much the same as with many other retailers.

Consensus EPS Estimate: $0.82
Consensus Revenue Estimate: $1.41B
Things to Watch: Inventory, margin maintenance

GameStop (GME)
The king of meme stocks has seen wild swings in recent weeks, sustaining significant momentum even as short interest becomes a concern again. Additionally, with Ken Griffin and broker-dealers being drawn into the crossfire, the stockâs loyal base of retail investors is once again rallying around the name. As the company pivots to NFTs at an inopportune moment, the path ahead and the potential reaction to the earnings result are anyoneâs guess.

Consensus EPS Estimate: ($1.22)
Consensus Revenue Estimate: $1.32B
Things to Watch: Forward guidance, update on NFT push

Veeva Systems (VEEV)
Veeva Systems (VEEV) will look to make up for an inauspicious Q4 report in March with its Q1 report. The cloud-based software for the life sciences industry is dealing with concerns that its growth trajectory is moderating, with analysts arguing on both sides of the issue. VEEVâs results and management commentary on Wednesday will likely tip the scales in the short term on this debate.

Consensus EPS Estimate: $0.92
Consensus Revenue Estimate: $495.88M
Things to Watch: Guidance and commentary on growth trajectory

MongoDB (MDB)
MongoDB remains a favorite on Wall Street despite sliding sharply from its 52-week high of $590. Analysts have noted that the company appears to have significant competitive advantages over rivals like Amazon Web Services from Amazon (AMZN). As such, the company is leading the mega-trend to build new applications using a micro-services architecture and increasing use cases. With a bullish tenor building and shares rebounding in recent weeks, management will need to make good on optimistic assumptions to carry upward momentum into the summer.

Consensus EPS Estimate: ($0.10)
Consensus Revenue Estimate: $267.10M
Things to Watch: Demand and market share

Chewy (CHWY)
Chewy (CHWY) has been a poster child for the erosion of share prices across the eCommerce industry in recent months. From Shopify (SHOP) to Wayfair (W), numerous high-flying pandemic darlings have dropped precipitously in 2022. Chewy will be tasked with attempting to turn this trend around, though analysts are not optimistic.

Consensus EPS Estimate: ($0.13)
Consensus Revenue Estimate: $2.41B
Things to Watch: Bottom line (has missed 6 straight quarters)

Hovnanian (HOV)
Homebuilders are hitting some significant headwinds as interest rates rise and housing demand tapers off. In April, home sales fell 16.6% to 591K vs. 750K expected. Despite these trends, homebuilders (XHB) have actually gained sharply ahead of Hovnanianâs (HOV) earnings.
Estimates unavailable
SentinelOne (S)
Cybersecurity is a hot space given geopolitical events, and earnings from SentinelOne (S) will offer a key perspective on the space. Luckily for management, earnings per share estimates have been revised downward a stunning 15 times in the last three months, offering a lower bar to clear. Strong earnings from Zscaler (ZS) have already built in some optimism ahead of the quarter. Still, loss-making firms have not often been well-received in recent weeks, even if they beat estimates.

Consensus EPS Estimate: ($0.24)
Consensus Revenue Estimate: $74.64M
Things to Watch: Demand commentary on cyberattacks, profit forecast

Thursday, June 2
Hormel (HRL)
Consumer staples have attracted significant interest from investors in recent weeks as recession fears build to a fever pitch. Among the typical stand-by stocks is Hormel (HRL), the maker of such beloved products as Spam, Skippy peanut butter and Planters peanuts. The company has been somewhat inconsistent in meeting EPS estimates in recent quarters, though analysts are confident in the companyâs pricing power in an inflationary environment.

Consensus EPS Estimate: $0.47
Consensus Revenue Estimate: $3.06B
Things to Watch: Margins and sales forecasts

RH (RH)
In its last earnings release, RH (RH) CEO Gary Friedman captured the marketâs attention with warnings that inflation at present evoked memories of the Bear Stearns meltdown during the financial crisis. As the company sets to report once again, commentary on the health of affluent consumers and the trends in consumer appetites will be critical.

Consensus EPS
Estimates: $5.35
Consensus Revenue Estimates: $924.76M
Things to Watch: Inflation commentary

Lululemon (LULU)
Lululemon Athletica (LULU) has slumped in the past month, sliding nearly 40% recent weeks. Concerns over consumers trading down has apparently taken a toll on the retailer and its elevated price offerings. However, with consumers still holding more cash than historical norms, the leggings leader could offer an attractive pre-earnings entry point, according to some analysts. Still, forecasting a retailerâs earnings-day action is far from an easy task these days.

Consensus EPS Estimate: $1.43
Consensus Revenue Estimate: $1.55B
Things to Watch: Comparable sales, demand forecast, pricing

PagerDuty (PD)
PagerDuty (PD) was a high-flying favorite shortly after its 2020 IPO. However, the stock has since had trouble recapturing the magic that drove it to all-time highs in that period. Still, PD has been a big mover on earnings in recent quarters, with a large Q4 beat in March sending shares soaring. Continued user growth and a clear path to profits will be pivotal to garnering another similar action on Thursday.

Consensus EPS Estimate: ($0.08)
Consensus Revenue Estimate: $82.85M
Things to Watch: Bottom line guidance and paid customer growth

Okta (OKTA)
In yet another cybersecurity stock to watch, Okta (OKTA) could offer a key opportunity for investors eyeing the space. Much the same as Palo Alto (PANW) promoted a pop despite widespread selling pressure in the market, a strong result from Okta could provide a pocket of safety in cybersecurity. Still, the stock is by no means cheap even after an over 60% drawdown from its 2021 peak. As such, a miss could provoke an outsized slide on earnings day, adding risk for speculators ahead of the print.

Consensus EPS Estimate: ($0.34)
Consensus Revenue Estimate: $388.78M
Things to Watch: Market share dynamics as OKTA becomes a short candidate based on competition.

Read more catalysts to watch for the week ahead.