S&P 500 earnings, week of May 16: 12 companies to report

Twelve companies in the S&P 500 are expected to report quarterly earnings next week, including Walmart Inc. and Home Depot Inc., according to S&P Global Market Intelligence data.

Monday, May 16: 1 company to report

Take-Two Interactive Software Inc. is expected to report $1.03 in quarterly EPS, a 27.9% decrease from the year-ago quarter.

Tuesday, May 17: 3 companies to report

Walmart is expected to report $1.48 in quarterly EPS, a 12.6% decrease from the year-ago period, while Home Depot's quarterly EPS is expected to drop 4.5% year over year to $3.69.

Wednesday, May 18: 6 companies to report

Synopsys Inc. is expected to report a 39.6% year-over-year increase in quarterly EPS and a 22.8% increase in revenue, whereas analysts expect Bath & Body Works Inc. to report a 57.7% decline in quarterly EPS year over year.

Thursday, May 19: 2 companies to report

Ross Stores Inc. is projected to post a 25.6% year-over-year decrease in quarterly EPS, but a 0.4% increase in revenue.

Sector outlook

Analysts expect eight out of the 11 sectors in the S&P 500 to post year-over-year EPS gains this earnings season.

Notable earnings, week of May 9

Earlier this week, Sysco Corp. reported 71 cents in normalized quarterly EPS, beating the consensus estimate by 16 cents. Total quarterly revenue at the company increased 42.9% year over year to $16.90 billion.

Walt Disney Co.'s normalized quarterly EPS increased 36.7% year over year to $1.08 but was still shy of analysts' estimates by 11 cents per share.