© Reuters. Week ahead: GameStop, DocuSign, American Eagle wind down earnings season

Proactive Investors – A shortened week means fewer earnings overall, but there are a few to watch, including a classic meme stock.

Monday, September 4

It’s Labor Day in the US, but Trip.com Group, the Shanghai, China-based parent company of Skyscanner, is handing down its second-quarter earnings.

The company is expected to see its sales and profits surge year-over-year on the rebound of travel, especially in China with the continued easing of pandemic-related restrictions …read the preview.

Tuesday, September 5

Others due to report:

Earnings: Zscaler Inc. (NASDAQ:ZS), HealthEquity

Economic announcements: Factory orders

Wednesday, September 6

GameStop Corp (NYSE:) can “remain solvent for the foreseeable future,” according to Wedbush analyst Michael Pachter, but longer-term headwinds will likely result in cash burn growth.

Sooner than long-term, Wednesday’s upcoming quarterly earnings could bring their own headaches, he highlights …read the preview.

American Eagle Outfitters Inc. (NYSE:NYSE:) is expected to report a 275% surge in its second quarter 2023 earnings per share (EPS) when the teen clothing retailer releases its latest financial results.

The analyst forecast is for 2Q EPS of $0.15 on a 0.9% year-over-year decline in revenue to $1.19 billion, according to the Zacks Consensus Estimate …read the preview.

Others due to report:

Earnings: ChargePoint, Dave & Buster’s Entertainment (NASDAQ:PLAY), C3.ai

Economic announcements: Trade deficit, S&P final US services PMI, ISM services, Fed Beige Book

Thursday, September 7

DocuSign is set to report a year-over-year rise in both revenue and earnings when it hands down its second quarter fiscal 2024 financial results after the market close.

The eSignature provider with the release of its first quarter earnings in June forecast 2Q revenue between $675 million and $679 million, compared to revenue of $622.2 million in the 2Q fiscal 2023 …read the preview.

Others due to report:

Earnings: RH (NYSE:RH), Zumiez Inc. (NASDAQ:ZUMZ), Smartsheet Inc. (NYSE:SMAR)

Economic announcements: Initial jobless claims, US productivity (revision), Unit-labor cost (revision)

Friday, September 8

Investors will be watching for consumer credit data. In May, consumer credit rose at its slowest pace in four months as consumers reduced their credit card usage. Consumer credit rose $22.35 billion that month, the smallest since January, according to the Federal Reserve said on Friday.

Others due to report:

Economic announcements: Wholesale inventories, Consumer credit

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