Sign InKey Earnings Reports to Watch: Micron, Lennar, Nike, and More Set to Impact Stock Markets This Week
Alex Vellor
Micron Technology is set to release its earnings report on Wednesday, following last week’s announcement of a $6.2 billion grant from the U.S. Commerce Department under the CHIPS and Science Act of 2022. The funding will support domestic semiconductor production. A key partner of Nvidia, Micron nearly doubled its revenue in its last quarterly report, surpassing analyst expectations.
| Date | Day | Company | Ticker | When | Exchange | Market Cap (B) | Consensus EPS | Earnings Date | Ending Fiscal Quarter |
| Dec 18 | Wednesday | Micron | MU | amc | NASDAQ | 113.693 | 1.75 | 2024-12-18 | Nov, 2024 |
| Lennar Corp | LEN-B | bmo | NYSE | 43.068 | 4.20 | 2024-12-18 | Dec, 2024 | ||
| Lennar Corporation | LEN | amc | NYSE | 42.660 | 4.18 | 2024-12-18 | Dec, 2024 | ||
| General Mills Inc | GIS | bmo | NYSE | 36.363 | 1.22 | 2024-12-18 | Nov, 2024 | ||
| Dec 19 | Thursday | Accenture plc | ACN | bmo | NYSE | 227.348 | 3.42 | 2024-12-19 | Dec, 2024 |
| Nike | NKE | amc | NYSE | 117.368 | 0.65 | 2024-12-19 | Dec, 2024 | ||
| Cintas Corporation | CTAS | bmo | NASDAQ | 85.084 | 1.01 | 2024-12-19 | Dec, 2024 | ||
| FedEx | FDX | amc | NYSE | 68.694 | 3.95 | 2024-12-19 | Dec, 2024 | ||
| Paychex | PAYX | bmo | NASDAQ | 50.832 | 1.13 | 2024-12-19 | Dec, 2024 | ||
| Dec 20 | Friday | Carnival | CCL | bmo | NYSE | 33.406 | 0.06 | 2024-12-20 | Dec, 2024 |
On Thursday, Nike will issue its first earnings report since CEO Elliott Hill's return following his 2020 retirement. Despite a nearly 30% drop in its share price this year, Nike has seen a modest rebound over the past month.
FedEx will release its earnings on Thursday after previously lowering its earnings and revenue forecasts due to declining shipping volumes. Also reporting Thursday is Accenture, which has experienced a rise in bookings as demand for its generative AI (Gen AI) services grows.
General Mills will release its report on Wednesday, offering insight into consumer spending after the company faced a sales decline in the previous quarter. Homebuilder Lennar will also report on Wednesday, with investors watching closely following the company's recent cautious outlook.
Lawn mower manufacturer Toro is scheduled to report its earnings on Wednesday. On Friday, cruise operator Carnival and recreational vehicle maker Winnebago will release their results.
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Alex Vellor
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