7 Stocks Reporting Earnings the Week of Sept. 12

It’s the very end of the current earnings season with only a few notable companies left to report their results. With 99% of S&P 500 companies having issued their financial results, 75% announced better-than-expected earnings per share and 70% reported revenues that were better than analysts had anticipated, according to data from FactSet.

The earnings growth rate during the quarter was 6.3%, its lowest level since the fourth quarter of 2020, when the earnings growth rate came in at 4% during the depths of the pandemic. Persistent inflation and rising interest rates are having an impact on corporate America. The sluggish earnings growth is weighing on stocks at a time when markets around the world continue to be pulled lower.

In the coming days, we’ll close out the latest earnings cycle when the following seven stocks report their results.

Stocks Reporting Earnings: Oracle (ORCL)

Austin, Texas-based software company Oracle (NYSE:ORCL) is the biggest and best-known company reporting earnings in the week ahead. The third-largest software company in the world by revenue and market capitalization, Oracle is expected to announce revenue of $11.46 billion and earnings per share of $1.03 when it delivers its second-quarter print.

Year to date, ORCL stock is down 13%. While not great, Oracle’s performance this year has been better than many other technology companies. However, the latest news out of the company is that it is laying off staff and cutting costs to manage the current economic slowdown, supply chain constraints and inflation.

Planet Labs (PL)

Less well-known to investors is Planet Labs (NYSE:PL), the San Francisco-based technology startup that specializes in imaging the Earth from outer space. The company uses a series of satellites to image the entire Earth once a day. The images and information collected by Planet Labs can be used for climate monitoring, predicting crop yields, urban planning and disaster and military responses.

Given the applications of its Earth-imaging technology, many of Planet Labs customers are governments around the world, including in the U.S. The company went public to much fanfare last December via a special purpose acquisition company deal. However, since then, PL stock has cooled along with the broader market and is down more than 40% since its market debut.

Analysts expect the unprofitable company to report an earnings per share loss of 16 cents on revenues of $42 million.

Stocks Reporting Earnings: Rent the Runway (RENT)

Next up is Rent the Runway (NASDAQ:RENT), an e-commerce platform that allows users to rent designer apparel and accessories that they might not be able to buy outright. The company operates primarily on a subscription basis, with users paying a monthly fee to access and rent clothing from more than 700 designers around the world.

Started in 2009 by two former Harvard Business School classmates, Rent the Runway has had a difficult go of it since the pandemic hit in March 2020. With people working from home and a move toward more casual attire, renting out designer dress and formal wear through a subscription model has proved to be a tough sell to consumers. Inflationary pressures that have driven up prices haven’t helped either.

In the past 12 months, RENT stock has plunged 80%, putting it in penny stock territory. Analysts are calling for the company to report revenue of $73 million and an earnings per share loss of 65 cents when Rent the Runway reports results on Sept. 12.

Vinco Ventures (BBIG)

Speaking of penny stocks, Vinco Ventures’ (NASDAQ:BBIG) is currently trading for $1, down 86% over the last 12 months, including a 40% pullback this year. Essentially a holding company, Vinco Ventures owns and operates social media platform Lomotif, which is similar to TikTok.

In May of this year, Vinco Ventures spun off Cryptyde (NASDAQ:TYDE), its cryptocurrency and non-fungible token (NFT) unit. The Cryptyde spinoff caused some investor excitement and generated buzz within the cryptocurrency sector. Of course, that was before the selloff in crypto prices accelerated and the industry was hit with a wave of insolvencies, bankruptcies and lawsuits.

Yahoo tracks no analyst forecasts for BBIG’s earnings. Investors should note that Vinco has not confirmed its earnings date, but several sites estimate it will report on or around Sept. 12.

Stocks Reporting Earnings: U.S. Gold Corp. (USAU)

As its name suggests, U.S. Gold Corp. (NASDAQ:USAU) is a mining company that focuses on gold exploration and development at project sites in Wyoming, Nevada and Idaho. Like a lot of mining firms, USAU stock is a bit speculative for investors and, as such, its stock is down 54% year to date.

However, the fortunes of U.S. Gold Corp. and its shareholders might improve in coming months, if, as many analysts expect, the price of gold rallies higher.

Many analysts continue to recommend gold as a hedge against inflation and gold-related stocks could find themselves in the spotlight should gold prices spike upwards. There are also no analyst forecasts for U.S. Gold Corp.’s Q2 earnings. Like Vinco, Sept. 12 is simply an estimated earnings date for U.S. Gold.

DavidsTea (DTEA)

Next we head north to Canada where specialty tea retailer DavidsTea (NASDAQ:DTEA) is based. The company is the biggest specialty tea retailer in Canada. At its peak, DavidsTea operated 240 stores in its home country and the neighboring U.S. Publicly traded since 2015, DavidsTea had to restructure its finances during the pandemic as lockdowns forced its stores to close or operate at reduced capacity.

DavidsTea ended up closing all 42 store locations in the U.S. and 166 stores across Canada. The Covid-19 crisis also forced the company to focus more on e-commerce sales and its wholesale business. Owing largely to the restructuring, DTEA stock has declined 64% over the past year, including a 57% drop so far in 2022.

Investors should note there are also no analysts forecasts for its earnings. Its Sept. 13 reporting date is also an estimate.

Stocks Reporting Earnings: Manchester United (MANU)

We end with one of the world’s great sport franchises, Manchester United (NYSE:MANU). Often cited as one of the most valuable sports teams in the world with an estimated value of $4.6 billion, Manchester United has been a publicly traded firm since 2012. The stock is down a slight 1.57% this year.

Controlled by the Glazer family, which also owns the NFL’s Tampa Bay Buccaneers, Manchester United was founded in 1878 and has won a record amount of titles, making the team one of the best sports franchises.

Analysts who cover MANU stock are forecasting that the team will report revenues of $153.19 million and an earnings per share loss of 13 cents when it announces its latest earnings print on Sept. 16. Investors should note this date is also an estimate.

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On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.