Alibaba Group Holding Ltd (BABA), Cisco Systems (CSCO), Macy’s, Inc. (M) – Earnings PreviewAuthor: Abhijit SenLast Updated: March 12, 2020 Alibaba Group Holding Ltd , Cisco Systems, Inc. and Macy’s, Inc. will release quarterly results on Wednesday. Here’s what investors can expect:Alibaba Group Holding Ltd Alibaba is all set to report fiscal first quarter results before the start of U.S. trade on Wednesday. The mood on Wall Street is not very upbeat, with analysts expecting a muted quarter, partly due to one-off charges that should hit revenue growth.Alibaba Group Holding Ltd is projected to record a 57 percent decline in net income to 5.3 billion yuan ($840 million), from 12.4 billion yuan a year earlier. Revenue is likely to jump 36 percent to 21.3 billion yuan ($3.4 billion) from 15.7 billion yuan in the same quarter last year. Revenue growth could have been even higher had the Chinese government not suspended all online lottery sales earlier in the year.Investors will also focus on Alibaba Group Holding Ltd ’s outlook for the Chinese economy, which has been decelerating for quite some time. However, analysts in general do not expect the macro slowdown to have a severe impact on e-commerce players like Alibaba, which continues to record robust growth.Cisco Systems, Inc. Cisco could post slower sales growth when it reports fiscal fourth quarter numbers on August 12. The consensus estimate is for EPS of around $0.56. According to Cisco’s own forecasts, its year-over-year revenue could grow anywhere between 1 – 3 percent. This is much weaker when compared to the past few quarters.In the prior quarter, Cisco Systems, Inc. provided better-than-expected results, with revenue growing by a y-o-y rate of 5 percent. That was at the higher end of its own guidance of 3 to 5 percent sales growth.As of last quarter, Cisco Systems, Inc. derived almost 40 percent of its revenue from overseas markets. As such, the networking giant will have to overcome the currency headwinds resulting from the strength in the US dollar that seems to have impacted other large cap tech stocks.Macy’s, Inc. Macy’s will release fiscal second-quarter numbers before the market opens on Wednesday. The average analysts’ estimate is for earnings per share of 76 cents, compared to 80 cents in the year ago period. Revenue should come in at around $6.24 billion, up marginally from $6.27 billion a year earlier. Quarterly same-store sales are projected to decline 0.2 percent year-over-year, which would mark the second consecutive down quarter.In May, Macy’s, Inc. said it expects full-year sales to grow by 1 percent. In the previous fiscal year, the company recorded revenue of $28.11 billion, which should imply 2015 sales of around $28.39 billion. Most analysts are optimistic for the medium-term, with a majority of them covering the stock, rating it as “overweight,” in a survey conducted by FactSet.Shares of Macy’s, Inc. have inched 4 percent since the company released first-quarter earnings, while the S&P 500 is flat for the corresponding period. However, the stock is down 7 percent since it closed at a record high of $72.80 on July 16.