As earnings season approaches its end, investors are poised to focus on several major companies releasing updates this week. These reports are anticipated to offer crucial insights into sector trends and market conditions.
Nvidia (NVDA) will unveil its second-quarter results on August 28. The semiconductor giant, central to the AI boom, is expected to demonstrate whether the excitement surrounding artificial intelligence is translating into substantial growth. Nvidia, holding a significant market share in AI chips and ranking as the world’s third-largest company by market capitalization, is forecasted to report revenues of $28 billion, more than double last year’s figure. Analysts will be attentive to any comments on the delayed launch of Nvidia’s new Blackwell chips.
Prudential (PRU.L), reporting its first-half results on August 28, faces scrutiny due to a sharp decline in its share price over the past year. This drop has been linked to disappointing economic performance in Hong Kong and China. Investors will look for signs of recovery and progress in Prudential’s strategy focusing on growth in Asia and Africa. Key metrics will include new business profit, operating profit, and the company’s annual premium equivalent.
CrowdStrike (CRWD) will also release its second-quarter results on August 28. Following a major IT outage in July, the cybersecurity firm’s performance is under intense observation. Expected earnings per share are $0.98, reflecting a 32.4% increase from the previous year. However, concerns about the financial and reputational impacts of the outage, along with ongoing legal challenges, will be closely watched.
Foot Locker (FL) will report its second-quarter results before the U.S. market opens on August 28. Analysts have raised their price target for the stock, driven by expectations of stronger sales and gross margins. Despite a projected quarterly loss of $0.09 per share, revenues are expected to increase slightly. The company’s ability to overcome previous challenges and achieve positive comparable sales will be a key focus.
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