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Key Earnings to Watch This Season

Look to Exxon, Darden as important sector barometers


Third-quarter earnings season is upon us. Negative pre-announcements and lackluster economic data already have set the stage for a mild earnings season, so investors are looking to the fourth quarter for signs of growth.

But that doesn’t mean you should too. I’ve got my attention locked on what’s happening now and am keeping my eye on a number of companies this earnings season. I want to make sure you don’t miss them either, as they’ll be important to anticipating what’s coming in the fourth quarter and close of the year.

Here are three to keep an eye on:

Amazon (NASDAQ:AMZN) could outperform box-store competitors like Best Buy (NYSE:BBY) and Bed Bath & Beyond (NASDAQ:BBBY), underscoring the significance of e-commerce moving forward. AMZN is scheduled to report Oct. 25.

Exxon Mobil (NYSE:XOM) has had to contend with global economic concerns and tensions in the Middle East. Steady earnings, though, could give energy stocks a much-needed lift. Exxon reports Nov. 1.

Darden Restaurants (NYSE:DRI), which owns popular eateries like Olive Garden and Red Lobster, is a barometer of middle-class consumer spending. Its earnings will come just ahead of the holiday shopping season.

As of this writing, Hilary Kramer did not own a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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