Earnings Watch For August 20 (HD, BBY, MDT, JCP, INTU)

(RTTNews) - Home improvement retailer Home Depot, Inc. (HD) is slated to report second quarter results before the market open. The company is expected to post earnings of $1.21 per share, higher than the year-ago quarter's $1.01 per share. Also, the company is anticipated to generate revenues of $21.80 billion, an increase from $20.57 billion in the prior-year quarter. On Monday, the company's shares closed trade at $75.21. (52-wk H/L $81.56/$56.12)

Struggling consumer electronics retailer Best Buy Co., Inc. (BBY) is expected to report second quarter results before the market opens. The earnings of the Richfield, Minnesota-based company are expected to decline sharply to $0.12 per share from $0.26 per share last year. Quarterly revenues are anticipated at $9.13 billion, lower than the previous year's $10.55 billion. The shares closed Monday at $30.73. (52-wk H/L $32.17/$11.20)

Medical equipment maker Medtronic, Inc. (MDT) is scheduled to post first-quarter results. The company is expected to report a profit of $0.88 per share compared to $0.85 per share last year, while revenues are estimated at $4.11 billion, higher than the prior year's $4.01 billion. The stock closed Monday at $54.10. (52-wk H/L $55.98/$40.19)

Department store chain J. C. Penney Co., Inc. (JCP) is expected to report second quarter results. The company is expected to report a loss of $1.06 per share, wider than the $0.37 per share reported a year earlier. Additionally, the company is anticipated to generate revenues of $2.76 billion, lower than last year's $3.02 billion. The shares closed Monday at $13.22. (52-wk H/L $32.55/$12.34)

Financial management solutions provider Intuit Inc. (INTU) is due to post its fourth quarter results after the market closes. The Mountain View, California-based company is expected to report break-even results, compared to a profit of $0.03 per share last year. Quarterly revenues are projected to decline to $622.95 million from last year's $651.00 million. Shares of INTU closed Monday's trade at $63.42. (52-wk H/L $68.41/$55.54)

Dick's Sporting Goods Inc. (DKS), The TJX Companies, Inc. (TJX), Analog Devices, Inc. (ADI), La-Z-Boy Inc. (LZB) and Tuesday Morning Corp. (TUES) are also slated to report their results.