
Stocks posted solid gains for the second straight week last week as strong earnings reports sent both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) higher by more than a full percentage point. Indexes are now back up by more than 2% since the start of the year.
Earnings season doesn’t let up over the week ahead. In fact, dozens of big-name companies are set to announce their holiday-quarter results in the next few trading days.
Let’s see what we can expect from the companies set to release some of the most anticipated earnings reports: Lowe’s (NYSE: LOW), 3D Systems (NYSE: DDD), and TJX Companies (NYSE: TJX).
Lowe’s market share
Lowe’s reports its earnings on Wednesday and, given the recent stellar performance from Home Depot (NYSE: HD), its results should show healthy growth powered by a robust home improvement market. However, Lowe’s isn’t benefiting from the industry gains to nearly the same degree as Home Depot.
Comparable-store sales are on track to rise by just 3.5% for 2017, while Home Depot managed roughly twice that expansion pace. Lowe’s is trailing its bigger rival on key financial metrics, too, including operating margin and return on invested capital.
Investors will be watching the retailer’s customer traffic figure, since that has been a persistent area of weakness for much of 2017. It’s a metric that CEO Robert Niblock and his team have vowed to improve, but traffic slipped to below 1% in the third quarter from 3% in the prior quarter. Without evidence of a rebound on that number, Lowe’s 2018 comps forecast is likely to imply more market-share losses in the year ahead.
3D Systems’ sales forecast
Slated for release following the market close on Wednesday, 3D Systems’ fourth-quarter report isn’t likely to wow investors. After all, the 3D printing specialist’s last quarterly showing was marked by shrinking sales, diving profitability, and an operating loss that worsened to $32 million from $22 million a year ago. Executives warned at the time that it had become so difficult to predict operating trends that they were withdrawing their 2017 guidance.

Thus, investors have low expectations for the fourth quarter. Specifically, shareholders are hoping to see an improvement in the pace of sales declines for the core 3D printer segment, but that’s a tall order given the aggressive competition in the industry.
Cost cuts will likely feature prominently in this week’s report, too, as executives struggle to bring the company closer to profitability. 3D Systems should provide an update on its new Figure 4 system. The product’s launch has been delayed into the first half of 2018, and we’ll find out this week whether executives stand by the delayed timeline.
TJ Maxx Companies’ customer traffic
Off-price retailer TJX Companies, which owns the popular TJ Maxx, Marshalls, and HomeGoods banners, will announce its holiday-quarter results on Wednesday morning. Investors are skittish heading into this report, since sales growth slowed to a halt in the third quarter after expanding by 3% in the prior quarter.
Executives blamed hurricane store closures and unseasonably warm weather for that decline, and they cited a few metrics that support the idea that their operating trends should bounce back into modestly positive territory. Customer traffic was positive across all its retailing segments, for example, and TJX Companies saw a slight uptick in profitability as gross margin improved to 29.8% of sales from 29.5%.
Overall, management is targeting comps of between 1% and 2% for the fourth quarter. The retailer might forecast roughly the same pace of growth for 2018, and those returns should be bolstered by a quickly growing dividend payment.






Meanwhile, a more modest 5-megapixel camera sits above the screen, but it captures more than standard selfies. The original Xperia XZ came with a 3D creator mode that let you “scan” objects with the phone’s main camera to build 3D models for sharing on Facebook or printing. Sure, it was gimmicky; it was also a classic case of Sony being weird for reasons that are never really clear. In any case, the feature had one notable shortcoming: it was fine for scanning objects in front of you, but less than ideal for scanning your own head. Sony has finally fixed that tragic oversight — those scans can now be created using the front-facing camera, and while the process can be awkward (I was prompted to remove my glasses and do everything blind), the results can be surprisingly impressive. These 3D scans also get bonus points for being slightly less creepy than the Galaxy S9’s AR emoji.





