The Week Ahead: Earnings From Home Depot, Target, Salesforce, and More
Consumer retail and software companies report earnings next week.
Earnings season is slowing, but reports are due from several consumer retail, software, and manufacturing companies.
We're watching for Home Depot (HD), Lowe's (LOW), Best Buy (BBY), Ross Stores (ROST), TJX Companies (TJX), and Target (TGT). Although digital competition has become fierce and some brick-and-mortar retail stores are shutting down, our analysts view home improvement stores as being well protected in this environment as product characteristics and customer demand for services are best delivered in-store. This leaves Home Depot in good position within the changing retail environment. Our analysts believe some risk still lies in competition from the e-commerce channel, but that new players would be hard-pressed to offer similar prices and would lack the established vendor relationships of Home Depot.
Charlotte Frank has a position in the following securities mentioned above: A. Find out about Morningstar’s editorial policies.