SMART Global Holdings and AZZ in Focus Amid Quiet Earnings Week

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Updated: Apr 18, 2022, 09:09 GMT+00:00

Next week’s corporate calendar remains very thin and probably not much significant for major market movements. Following is a list of company earnings scheduled for release July 5-9, along with earnings previews for select companies. Investors would consider companies whose dividend payouts are higher than Treasury yields.

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Monday (July 5)

There are no major earnings scheduled. The stock market is closed on Monday in observation of Independence Day.

Tuesday (July 6)

Ticker	Company	EPS Forecast
AVAV	AeroVironment	$0.81

Wednesday (July 7)

IN THE SPOTLIGHT: SMART GLOBAL HOLDINGS

The provider of specialty memory, storage and hybrid solutions is expected to report its fiscal third-quarter earnings of $1.10 per share, which represents year-over-year growth of about 57% from $0.70 per share seen in the same quarter a year ago.

The Newark, California-based company which is also a part of the semiconductor & other electronic component manufacturing industry would post revenue growth of about 50% to $415.81 million. In the last four consecutive quarters, on average, the company has delivered an earnings surprise all four times.

TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE JULY 7

Ticker	Company	EPS Forecast
WDFC	Wd 40	$1.15
MSM	MSC Industrial Direct	$1.38

Thursday (July 8)

Ticker	Company	EPS Forecast
HELE	Helen Of Troy	$2.56
DCT	DCT Industrial Trust	-$0.01
PSMT	PriceSmart	$0.65

Friday (July 9)

IN THE SPOTLIGHT: AZZ

The provider of various industrial solutions, specialty electrical equipment and engineered services is expected to report its fiscal first-quarter earnings of $0.64 per share, which represents year-over-year growth of over 200% from $0.21 per share seen in the same quarter a year ago.

The industrial products company would post revenue growth of about 0.5% to $214.4 million. In the last four consecutive quarters, on average, the company has delivered an earnings surprise two times.