Retail Giants Gear Up For Earnings; Walmart & Ross Leads, Target Lags Behind  


16 November 2023


Retail Giants Gear Up For Earnings Walmart & Ross Leads Target Lags Behind

This week, several key players in the retail sector are slated to reveal their quarterly earnings. The spotlight is on companies navigating these turbulent waters in a year marked by economic challenges and fluctuating consumer confidence. Those prioritizing discount goods over discretionary items have emerged as industry leaders.

Predicting Earnings Surprises  

Investors eyeing these retail giants have a powerful tool at their disposal—Zacks Earnings ESP (Expected Surprise Prediction). This tool aims to identify companies experiencing positive earnings estimate revisions, leveraging the belief that recent information holds predictive power during earnings season.

Historically, combining a Zacks Rank #3 or better with a positive Earnings ESP has yielded positive surprises 70% of the time, boasting a 28.3% average annual return over a 10-year period.

Earnings Anticipation In Retail  

In the challenging landscape of retail, this year has been a litmus test for what resonates with consumers. Despite varied stock performances, all eyes are on a group of retailers forecasted to beat earnings estimates, indicating a bullish sentiment among analysts.


Walmart, a standout performer this year with a 20.3% year-to-date rally, holds a Zacks Rank #2 (Buy). The retail giant’s strategic focus on discount offerings and a robust e-commerce expansion have contributed to its success. Walmart’s Q3 earnings report, set for November 16, is anticipated to exceed estimates, with a Zacks ESP forecasting a 0.8% beat.

The TJX Companies  

Benefiting from its discount pricing strategy, TJX Companies has seen an 18% YTD gain. Operating across 4,900 stores in nine countries, this off-price retailer is set to report earnings on November 15. The Zacks ESP projects a 2.6% earnings beat, reflecting a mixed earnings outlook.

Ross Stores  

With a Zacks Rank #2 (Buy), Ross Stores has capitalized on the discount retail trend, gaining 10% YTD. Expected to report on November 16, the Zacks ESP suggests a 2.08% earnings beat. Ross Stores offers in-season, branded, and designer merchandise at prices 20% to 60% below regular department store rates.


Facing headwinds this year, Target’s stock has dipped by -23.7% YTD. Target reported on November 15 that it had experienced a significant drop in comparable sales as consumers cut back on discretionary spending. Despite a Zacks Rank #4 (Sell), indicating falling earnings estimates, there’s a glimmer of hope with a Zacks Earnings ESP projecting a 1.97% earnings beat.

While Walmart continues to lead the pack, Target’s dip in valuation raises questions about its future trajectory. Investors are advised to stay vigilant and monitor shifts in earnings estimates for potential investment opportunities in this dynamic retail landscape.

Learn More About:

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *


Quaint Community in Lewes Delaware

The Quaint Community in Lewes Delaware

You can find great things from the second smallest city in the U.S. Delaware has one of the most beautiful sceneries, from river towns and beachside havens to historic hamlets. Generally, the state has plenty to offer when it comes to bursting with charm. Specifically, Lewes has gained popularity for retirees and job seekers for its fashion-forward boutiques, sophisticated fine dining, and affordable homes. Lewes: What you need to know about the city? Lewes is a charming coastal community in Sussex County with a population of around 3,000. Lewes was the first settlement for the Dutch settlers in the 17th century and is commonly referred to as The First Town In the first state. The town is nestled between the Great Marsh Preserve wetlands and the beautiful Cape Henlopen State Park beaches. The town's strategic location centers around the Rehoboth and the Lewes canal, characterized by ancient picturesque buildings. With some of the ancient buildings transformed into museums, the structures elicit memories of the Dutch settlement and provide a glimpse of the town's progress so far. For instance, the Ryves Holt House, located at the heart of the town, is thought to be the oldest structure in the whole of Delaware. Other structures such as the Cannonball House show the remains of the 1812 British bombardment during the War. How Lewes has grown in recent years to become a major city? In the 1960s, Lewes was just a home of fish processing plants but has now been dominated by opulent beach houses, boutiques, and bistros. Besides, Lewes weather is friendly for people of all ages, with the winters being typically mild and perfect summers for a walk on one of the beaches such as the Cape Henlopen. Lewes is truly a town for everyone where you can explore the charming restaurants and local shops. You’ll appreciate the annual events held at the town involving locals and visitors enjoying and participating in Coast Day, the Christmas parade, the popular Antique Show, the Doo-dah parade and the First Thursdays Summer Concerts-just to name but a few. Can I Find Homes For Sale In Lewes, Delaware? Delaware's booming real estate market has extended to Lewes, where beautiful homes are established facing the serene beaches. Most of the communities in Lewes occupy homes facing the Rehoboth beach for tranquility and fun. There are plenty of affordable homes for sale in Lewes, Delaware for you and your family, with the median home value ranging from $388,000. This year, there has been an increase in home selling due to the rise in demand. Part of the demand has been contributed by the increased job opportunities in the numerous offices, restaurants, shops set up in the town. The serene environment provides sufficient space for every home, leaving you with ample space to walk around. The Bottom Line: Moving to Lewes would be a dream come true for you whether you are avoiding noisy streets, coming to retire, or have a taste for beautiful scenery and beaches. Lewes provides the best environment for you to settle with your family and live the life you always admired. Take time to choose the best home for you with the help of professional realtors you find around. Read Also: Make the Most of a Business Trip to Chicago So Much to See and Do during a Visit to Chicago Construction Plans in Australia Cost of living in Seattle

Migration Agent

Factors To Consider When Selecting A Migration Agent

Immigration is a tedious procedure. It involves a lot of formal procedures, which makes some people give up along the way. An immigration agent helps you to quickly obtain your visa in an effective and less complicated manner. Besides, they offer you advice regarding your visa application. You will also need to set aside a lot of money to pay for their services. You, therefore, need to ensure you take your time to research so that you can choose a competent immigration agent. You want to obtain value for your money. To avoid dealing with dodgy agents, consider the factors below if you need a migration agent. Check Whether The migration agent Is Registered: Without wasting a lot of time, you need to ask the potential agent whether they are registered with the relevant migration authority. Registered agents are monitored and regulated, and hence, they cannot take advantage of your situation. If you have any incident with a migration agent and you happen to report to the relevant authority, the event is investigated. If the agent is in the wrong, he gets sanctioned. Avoid working with unregistered agents because they have no one to report to, and this may cause them to misguide you. They may also steal your money without delivering any services. Also, registered agents tend to go through training and hence, are more updated about immigration matters. Experience: It is good to ask the agent whether they have specialized in immigration work. A competent migration agent is expected to know everything that happens in immigration. Ask them about their experience before proceeding any further. It is good to choose someone who specializes in the specific visa you seek. For example, you might find that an agent specializes in work visas but does not have a lot of knowledge when it comes to temporary visas. It would be good if you knew which specific visa you require. This will make it easier for you to choose the right agent. Look for an agent with at least four years of experience since they tend to have a better understanding of interpreting legal requirements, all in your favor. Their expertise and advice will strengthen your visa application, making it easier for you to obtain the visa. Check For Reviews: With the advancement in technology and internet use, it has become easy to check someone’s professional records on online platforms. A competent agent will have several positive reviews from previous clients. Go to the company website and check the testimonials from both past and current clients. Also, check for the negative reviews and seek to know how the agent addressed the issue. It is better if you even request to have a meeting with some of the agents' clients to understand how their experience with the migration agent was. It will help you make an informed decision. Some of the migration agents have the best interests of their clients at heart. The problem lies in the few who want to take advantage of your situation. It is good to confirm that the agent you choose is registered, has several recommendations from clients as well as several years of experience. You will not regret it. Read Also: Top 5 Ways To Avoid Canada Immigration Consultancy Frauds Follow These 5 Tips To Avoid Mistakes In Immigration Application

Riverhead Big Lots Is Closing Route 58 Store

Riverhead Big Lots Is Closing Route 58 Store

The front entrance to Route 58 retail store now has signs announcing "STORE CLOSING", "NOTHING HELD BACK", and "ENTIRE STORE UP TO 20%". There were even two designated storekeepers standing on the sidewalk of Route 58 holding the store closing sign this morning. Their company spokesperson was not immediately available for comment. Representatives of the real estate agency in Queens that advertised the other two smaller rents in Staples Plaza (where Big Lots is situated) also weren't reachable for comment. The Big Lots was originally occupied by a permanent home store. The plaza was opened in the 1980s. Later on the space got occupied by Ultimate Fitness East. They moved out in the summer of 2013. In that fall, a store of Big Lots launched there. Big Lots is a publicly traded organization operating 1,422 stores in 48 states all across the U.S. The company's investor relations website reveals. The big box retailer is expected to showcase its third-quarter results to all its investors on Thursday. It has struggled in recent years, with its stock value plummeting more than $39 per share in the last five years to a sinking $4.14 per share yesterday. Big Lots Inc. has seen a huge downturn in both its revenues as well as net income year after year in the fiscal year of 2023 so far. In January, the company announced that it would close some stores in its larger urban markets in California and Colorado. Read Also: Is Walmart Open On Thanksgiving? Here Is A List Of What’s Open Pinterest Launched A New Education And Information Hub For Creators Taylor Swift Sings ‘Say Don’t Go’ ‘It’s Time To Go’ Live At The Final Eras Tour Show