Retail earnings, manufacturing gauge, home sales: 3 things to watch for in the markets on Thursday

Don Emmert | AFP | Getty Images1. Retail earnings

Retailers Macy's, Nordstrom and Gap report third quarter earnings on Thursday, continuing a volatile week for retail earnings. With Target soaring on earnings, and Kohl's tanking, investors will be watching which retailers get ahead of the highly promotional and warmer-than-usual quarter. Credit Suisse is expectingto report a loss of 1 cent, with same-store sales slowing 1.5%. In the third quarter last year, Macy's earned 27 cents per share and comp sales rose 3.3%.

"We still think 2020 [estimates] need to be revised significantly lower before the stock can stabilize," said Credit Suisse research analyst Michael Binetti in a note to clients.will earn 62 cents per share and same-store sales will drop 3.6%, according to Credit Suisse. In the same period in 2018, the department store company earned 42 cents per share, largely due to a credit card refund write down. Comparable sales rose 2.3%.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Retail earnings, Fed minutes, impeachment hearings: 3 things to watch for WednesdayInvestors will monitor big earnings from Target and Lowe's, Fed minutes as well as impeachment hearings.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Retail Whiplash, Trade Headwinds for Stocks & Tim Cook Meets President Trump by Squawk on the Street
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »