Earnings Preview: CMC, SNX, KBH, DAL, UNH

By Kirsteen Mackay

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This week’s company earnings include Commercial Metals Company (NYSE: CMC), TD Synnex Corp (NYSE: SNX), KB Home (NYSE: KBH), Delta Air Lines, Inc. (NYSE: DAL), and UnitedHealth Group Inc (NYSE: UNH).

Earnings Preview: CMC, SNX, KBH, DAL, UNH

Several banking and financial institutions are reporting this week, including JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup, Inc. (NYSE: C), BlackRock, Inc. (NYSE: BLK), The Bank of New York Mellon Corp. (NYSE: BK), First Republic Bank (NYSE: FRC), and Saratoga Investment Corp. (NYSE: SAR). Read our Reasons to Watch Bank Earnings in 2023.

Meanwhile, smaller companies reporting earnings this week include Acuity Brands Inc (NYSE: AYI), Aritzia Inc (TSE: ATZ), AZZ, Inc. (NYSE: AZZ), PriceSmart, Inc. (NASDAQ: PSMT), Accolade Inc (NASDAQ: ACCD), Applied Digital Corp (NASDAQ: APLD), E2open Parent Holdings Inc (NYSE: ETWO), Inotiv, Inc. (NASDAQ: NOTV), OrganiGram Holdings, Inc. (NASDAQ: OGI), RF Industries Ltd. (NASDAQ: RFIL), and WD-40 Company (NASDAQ: WDFC).

Here are five of the key earnings updates to look forward to this week:

Commercial Metals Company (NYSE: CMC)

Commercial Metals Company (NYSE: CMC) is set to release its Q1 earnings on Monday, January 9, before the market opens. CMC Board of Directors recently announced it will be giving a quarterly cash payment of $0.16 for each share of CMC common stock. This will be the 233rd time in a row that CMC has delivered this dividend, and it will be paid out on February 2, 2023, to those who own CMC stock as of January 19, 2023.

What Does Commercial Metals Company Do?

CMC is a company that makes and recycles steel and metal products, as well as provides materials and services related to these products. They have factories and warehouses for construction products and places for recycling metal in the US and Poland. They also have a part of their business called Tensar that sells products to help stabilize ground and soil in over 80 countries.

TD Synnex Corp (NYSE: SNX)

TD Synnex Corp (NYSE: SNX) is set to release its Q4 earnings on Tuesday, January 10, before the market opens. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day, hosted by Rich Hume, CEO, and Marshall Witt, CFO.

What Does TD Synnex Do?

TD Synnex is a company that helps its customers make the most out of their technology investments. It is based in Florida and California and has a large team of employees who work to provide a range of products and services from many different technology vendors. Its products and services cover a variety of areas, including cloud computing, cybersecurity, data analysis, the Internet of Things (IoT), and mobile technology. In addition to its work with customers, TD Synnex is also committed to being a responsible member of the community and values diversity and inclusivity in its workforce. 

KB Home (NYSE: KBH)

KB Home (NYSE: KBH) is set to release its Q4 earnings on Wednesday, January 11. The earnings conference call, which will be held via a live webcast, will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

The Wall Street Journal's 2022 Management Top 250 list has included KB Home for two consecutive years. The company is the only national homebuilder to receive this recognition. The list ranks the most effectively managed companies in the US based on criteria such as customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength, as evaluated by the Drucker Institute.

What Does KB Home Do?

KB Home is one of the largest and most recognized homebuilders in the United States. In its more than 65-year history, it has built over 655,000 quality homes and operates in 47 markets from coast to coast. One of the things that sets KB Home apart is the exceptional personalization it offers its homebuyers, allowing them to make their homes uniquely their own at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR certified, a standard of energy performance achieved by fewer than 10% of new homes in America. It has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable, and better for the environment than new homes without certification. KB Home builds strong, personal relationships with its customers, making them a real partner in the home-buying process. As a result, it has the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys.

Delta Air Lines, Inc. (NYSE: DAL)

Delta Air Lines, Inc. (NYSE: DAL) is set to release its Q4 earnings on Friday, January 13, before the market opens. Delta will hold a conference call and webcast to discuss its December quarter and full year 2022 financial results. The webcast will be accessible at ir.delta.com, and a replay will be available on the same site after the event.

What Does Delta Air Lines Do?

Delta Air Lines and its Delta Connection carriers provide service to almost 370 destinations in six continents. It is committed to providing excellent customer service, safety, and innovation. Delta's team of 90,000 professionals works hard to ensure that its customers have a personalized, enjoyable, and stress-free travel experience. With a focus on making every customer feel welcomed and respected, Delta serves around 200 million customers annually.

The company's main hub is located in Atlanta, and it has additional key markets in various cities around the world, including Amsterdam, Boston, Detroit, London, Los Angeles, Mexico City, Minneapolis, New York, Paris, Salt Lake City, Seattle, Seoul, and Tokyo.

Delta has partnerships with other airlines, including Aeroméxico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic, and WestJet, which allows it to offer more options and competition to its customers.

Delta is known for its dedication and professionalism and has received numerous awards for its efforts, including recognition from Fortune, the Wall Street Journal, and Business Travel News.

UnitedHealth Group Inc (NYSE: UNH)

UnitedHealth Group Inc (NYSE: UNH) is set to release its Q4 earnings on Friday, January 13, before the market opens.

What Does UnitedHealth Group Do?

UnitedHealth Group is a healthcare company that provides various services and products. It has two main parts to its business: UnitedHealthcare, which offers healthcare coverage and benefits, and Optum, which provides technology-based health services.

The company serves customers in every US state and many countries worldwide. It offers traditional health insurance, as well as specialized plans like Medicare and Medicaid. In addition, it provides pharmacy benefits management, health information technology, and other services to help people manage their healthcare needs.

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If you liked our earnings preview, read our IPO coverage next.

 

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In this article:

Topics:
Investing
Quarterly Earnings
Industries:
Financials
Consumer Discretionary
Healthcare
Companies:
Commercial Metals Company
KB Home
Delta Air Lines
UnitedHealth Group

Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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