Nikolaeva Elena
The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC).
On the technological front, investors will do so Also get results from Marvell Technology (Nasdaq: MRVL), rubber (He blows), octa (Okta), zdscaler (ZS) , horse (HPQ), Dell Technologies (Dale) and C3.ai (Amnesty International). Meanwhile, the consumer goods sector will see results from the general dollar (General Director), best buy (BBY), and Hormel (HRL).
Additionally, retailers such as DICK's Sporting Goods (DKS), Ulta Beauty (ULTA), Kohls (KSS), American Eagle (AEO), Abercrombie & Fitch (ANF), Burlington Stores (BURL), and The Gap (GPS) They are there too. schedule of work.
Below is a summary of the key quarterly updates expected in the week of May 27-31:
Monday 27 May
US markets are closed for the Memorial Day holiday.
Tuesday 28 May
Hello group (Momo)
Hello Group (MOMO) will release first-quarter earnings results before the opening bell on Tuesday. After mixed Q4 results, the company expects Q1 revenue to decline year over year.
Morgan Stanley recently downgraded the stock to Underweight, citing a limited turnaround story for the Chinese mobile-based social and entertainment services provider. The company also expects the company's operating profits to decline by 25%.
Seeking Alpha Quant Ratings maintains a Hold rating on the stock, while Wall Street analysts are more bullish, giving the stock a consensus Buy rating.
- EPS consensus estimate: $0.29
- Consensus revenue estimate: $3,842.87 million
- Earnings Visibility: The company has beat EPS estimates in 8 consecutive quarters and revenue estimates in 6 of those reports.
Reporting too: CAVA Group (CAVA), Avalon GloboCare (ALBT), Digital Turbine (APPS), Danaos Corporation (DAC), Baozun (BZUN), Box (BOX), JOYY (YY), Golar LNG Limited (GLNG), Nano-X Imaging (NNOX), Futu Holdings Limited (FUTU), Diana Shipping (DSX), BioLineRx (BLRX), Affimed NV (AFMD), HEICO Corporation (HEI), Galmed Pharmaceuticals (GLMD), Elbit Systems (ESLT), Faraday Future Intelligent . Electrical (FFIE), Qualigen (QLGN) treatments and more.
Wednesday 29 May
Sales Force (CRM)
Salesforce (CRM) is in the headlines this week with its first-quarter earnings update due in the after-hours on Wednesday. Shares of the San Francisco-based customer relationship management software provider have seen a major rally, rising more than 35% over 12 months, though they are only up 6% so far in 2024.
After an upbeat fourth-quarter report, Salesforce announced its first-ever quarterly dividend of $0.40 per share and boosted its stock buyback program by $10 billion. It also provided an upbeat outlook for the first quarter, forecasting sales between $9.12 billion and $9.17 billion, with the midpoint in line with consensus of $9.15 billion and EPS between $2.37 and $2.39 per share, above estimates of $2.20 per share.
Wall Street analysts are largely bullish on Salesforce (CRM), giving it a Buy rating, while Alpha's quantitative rating system takes a more cautious approach, recommending a Hold.
SA author Khaveen Investments expects the company to continue to maintain strong FCF margins given its lean business model with consistently low capex supported by the AWS partnership, reducing the need for physical data center investment.
- EPS consensus estimate: $2.37
- Consensus revenue estimate: $9.15 billion
- Earnings Vision: Salesforce has beat earnings per share and revenue estimates in 8 consecutive quarters.
Reporting too: HP (HPQ), Okta (OKTA), C3.ai (AI), Stratasys (SSYS), Chewy (CHWY), Agilent Technologies (A), UiPath (PATH), Nutanix (NTNX), Capri Holdings Limited (CPRI) Pure Storage (PSTG), Nordic American Tankers Limited (NAT), DICK'S Sporting Goods (DKS), American Eagle Outfitters (AEO), Advance Auto Parts (AAP), and Abercrombie & Fitch Co. (ANF), nCino (NCNO), Viking Holdings (VIK), American Superconductor (AMSC) and more.
Thursday 30 May
Costco Wholesale Company (COST)
Costco (COST) is set to report its quarterly results after the market close on Thursday, with analysts expecting a year-over-year increase in both revenue and profits for the retail giant.
While Wall Street analysts are bullish with a Buy rating, Seeking Alpha's quantitative rating system maintained a more conservative Hold rating.
SA author Ken Taylor, who has a Hold rating on the stock, believes Costco's international expansion and diversified product offerings, including weight loss programs, provide growth opportunities. The company's real estate strategy and low-cost procurement give it a competitive advantage and help sustain long-term growth.
On the other hand, Nivesha Investors, another SA shareholder, has a sell opinion on the stock: “Costco's revenue growth is moderate, and it may be time to reassess the valuation multiples. FY24 P/E reached a historic high of 45 times, And growth is slower than historical averages, making it difficult to justify the current stock price Valuation methodologies suggest that Costco is overvalued by more than 30%, making this a good time to consider taking profits.
- EPS consensus estimate: $3.71
- Consensus revenue estimate: $57.97 billion
- Earnings Visibility: Costco has beat EPS expectations in 6 of the past 8 quarters, missing revenue estimates three times in that period.
Reporting too: Marvell Technology (MRVL), Zscaler (ZS), Dell Technologies (DELL), Veeva Systems (VEEV), Best Buy (BBY), MongoDB (MDB), Ulta Beauty (ULTA), Dollar General Corporation (DG), Kohl's Company Corporation (KSS), Hormel Foods Corporation (HRL), Ambarella (AMBA), Asana (ASAN), NetApp (NTAP), Nordstrom (JWN), Elastic NV (ESTC), The Gap (GPS), Foot Locker (FL) ,SentinelOne. (S), PagerDuty (PD), Academy Sports and Outdoors (ASO), Build-A-Bear Workshop (BBW), Burlington Stores (BURL), Conn's (CONN), Maxeon Solar Technologies (MAXN) and more.
Friday 31 May
Genesco (GCO)
Genesco (GCO) is scheduled to report first-quarter results before the market opens on Friday. While Wall Street analysts rate Genesco a Hold, Alpha's quantitative rating system indicates a Sell, largely due to growth concerns.
After disappointing fourth-quarter results, with comps down 4%, Chief Financial Officer Thomas A. George, “Although we faced a challenging operating environment in the fourth quarter, we achieved sales broadly in line with our latest guidance and a better-than-expected gross total. However, the earnings impact of the unusually disruptive winter storms, combined with higher-than-expected expenses As expected in flights, the final results were lower than our last expectations.
George added: “While we are taking urgent action to improve our core product lineup, we expect the current sales dynamics to remain a significant headwind in the first half of fiscal 2025 and have taken this into account in our forecasts.”
- EPS consensus estimate: -$2.70
- Consensus revenue estimate: $445.03 million
- Earnings Visibility: The company beat EPS expectations in 5 of the past 8 quarters, with revenue estimates in 50% of those reports.
Reporting too: Mesa Laboratories (MLAB), Investcorp India Acquisition (IVCA), Canggu (CANG), Global Star Acquisition (GLST) and others.