It promises to be yet another busy week with several notable earnings report poised to light up the market. Notable earnings this week comes at the backdrop of major indices bouncing on Friday to close higher despite growing concerns on rising bond yields. Concerns over rising inflation have also continued to rattle the markets, conversely fuelling a sell-off.

McCormick Q1 Earnings
McCormick & Co. (NYSE:MKC) first-quarter earnings should trigger some volatility before the market open on March 30. While the stock is down by 2% for the year, a solid earnings report could be the catalyst to steer the stock higher. Analysts expect the spice and flavourings giant to report net income of $153.3 million or 59 cents a share, compared to a net income of $213.4 million or 54 cents a share reported last year same quarter.

Sales are expected at $1.4 billion, up from $1.2 billion reported last year same quarter. Analysts expect the company to forecast a net income of $174.9 million for Q2 or 66 cents on sales of $1.5 billion.

BlackBerry Q4 Earnings
Another notable earnings coming up before the market opens on Tuesday, March 30, is that of BlackBerry (NYSE:BB). Wall Street expects the Canadian cybersecurity giant to report fourth-quarter earnings of 3 cents a share on revenues of $245.11 million.

In contrast, the Waterloo-based company reported net earnings of 9 cents a share on revenues of $291 million for the same quarter the previous year. The fourth-quarter earnings report comes on the heels of the stock rallying by more than 100% from its 2020 lows.
BlackBerry is up by more than 40% for the year. The earnings report will significantly impact the direction the stock moves as traders trading earnings will want to see if underlying fundamentals justify the current hefty valuation.

Earnings screener also indicates Lululemon is another notable earnings this week. The apparel retailer is poised to report its fourth-quarter financial report after markets close on Tuesday. Wall Street expects the company to post earnings of $2.49 a share on revenues of $1.66 billion. In contrast, it reported earnings of $2.28 a share last year on revenues of $1.48 billion.
After a 50% plus rally last year, Lululemon has come under pressure heading into the fourth-quarter earnings report. It is down by more than 10%, waiting to see if earnings beat will be the catalyst to avert further sell-off.

Walgreens Q2 Earnings
On Wednesday, March 31, Wall Street's attention will be on Walgreens Boots Alliance (NASDAQ:WBA) as it reports its second-quarter earnings. Analysts expect the company to report earnings of $948.4 million or $1.13 a share on revenues of $36.5 billion. Last year same quarter, the drugstore reported earnings of $1.52 a share on revenues of $35.82 billion reported last year same quarter.
Walgreens heads into the earnings session, having risen by more than 10% from its last earnings report in January. For the third quarter, Wall Street expects the company to project a net income of $1.1 billion or $1.23 a share on sales of $37 billion.

CarMax Q4 Earnings
Notable earnings coming up on Thursday is from used car retailer CarMax, Inc. (NYSE:KMX). The company is expected to report a net income of $214.9 million or $1.26 a share in sales of $5.2 billion. The used car dealership [company heads into the earnings season, having established itself with high-quality product offerings and improved customer shopping experience.

Analysts expect management to issue adjusted net income of $265.8 million or $1.55 a share on sales of $5.6 billion.

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