Earnings week will feature reports from tech giants like BlackBerry, FedEx, and Micron Technology, offering diverse market insights.
Nike, General Mills, and Carnival are set to release their earnings reports this week, potentially influencing market sentiment by revealing their performance in the current economic climate.
Monday, June 24
The week will commence with a few earnings reports, with MoneyHero Limited, Enerpac Tool Group, and Upexi reporting pre-market hours, and Beyond Air releasing its report after hours.
Tuesday, June 25
FedEx
FedEx is set to release its FQ4 earnings on Tuesday, with a Hold rating from Seeking Alpha, contrasting with Wall Street analysts’ Buy rating. The company has increased its dividend and plans to cut 2,000 jobs in Europe. Despite underperforming the S&P 500, it is entering its lower valuation range.
Consensus EPS and Revenue Estimates:
- EPS Estimates: $5.38
- Revenue Estimates: $22.08B
- Beats EPS estimates in 5 out of 8 quarters.
- Misses revenue expectations
Also reporting: Carnival Corporation & plc (CCL), TD SYNNEX Corporation (NYSE:SNX), Crown Crafts (NASDAQ:CRWS), Worthington Enterprises (NYSE:WOR), Progress Software Corporation (NASDAQ:PRGS), and more.
Wednesday, May 26
Micron
Micron Technology’s FQ3 Earnings and Capital Spending
- Analysts predict a 78% YoY revenue increase due to increasing demand for AI memory chips.
- Capital spending forecast increased to $8B from $7.5B, driven by increased AI spending.
- Micron added to BofA Securities’ US 1 List, a top investment idea among Buy-rated, U.S.-listed stocks.
- Stock surged around 69% in 2024, receiving a Strong Buy recommendation from Wall Street analysts.
- SA author Michael Del Monte predicts strong growth in FY2025 due to AI servers and refresh cycle for general compute servers.
Micron’s Earnings Insight
- EPS Estimates: $0.52
- Revenue Estimates: $6.67B
- Beats EPS expectations in 6 out of 8 quarters.
- Beats revenue estimates in half of those reports.
BlackBerry (BB), Paychex (NASDAQ:PAYX), General Mills (GIS), UniFirst Corporation (NYSE:UNF), Daktronics (NASDAQ:DAKT), Jefferies Financial Group (NYSE:JEF), Levi Strauss (NYSE:LEVI), AeroVironment (NASDAQ:AVAV), H.B. Fuller Company (NYSE:FUL), Concentrix Corporation (NASDAQ:CNXC), MillerKnoll (NASDAQ:MLKN), Worthington Steel (NYSE:WS), Franklin Covey (NYSE:FC), Kewaunee Scientific Corporation (NASDAQ:KEQU), Air T (NASDAQ:AIRT), Culp (NYSE:CULP), Universal Security Instruments (NYSE:UUU), and more.
Thursday, May 27
Nike
Nike’s FQ4 Results and Analyst Predictions
- Nike is set to release its FQ4 results on Thursday.
- Analysts predict a 28% Y/Y increase in profits.
- Oppenheimer upgraded Nike to Outperform and raised its price target by 9%.
- Wall Street analysts recommend buying the stock.
- Seeking Alpha’s quant rating system gives it a Hold rating.
- SA author Luca Socci predicts slightly higher earnings than expected.
- EPS Estimates: $0.84
- Revenue Estimates: $12.86B
- Company Beats EPS and Revenue Estimates 7 Times in 8 Quarters
Also reporting: Walgreens Boots Alliance (NASDAQ:WBA), Acuity Brands (NYSE:AYI), The Simply Good Foods Company (NASDAQ:SMPL), Apogee Enterprises (NASDAQ:APOG), Lindsay Corporation (NYSE:LNN), Jerash Holdings (NASDAQ:JRSH), Accolade (NASDAQ:ACCD), Pinstripes Holdings (NYSE:PNST), American Outdoor Brands (NASDAQ:AOUT), McCormick & Company, Incorporated (NYSE:MKC), and more.
Friday, May 28
Also reporting: iHuman (NYSE:IH) and Highway Holdings Limited (NASDAQ:HIHO).
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nalysts predict a 78% YoY revenue increase due to increasing demand for AI memory chips.Capital spending forecast increased to $8B from $7.5B, driven by increased AI spending.Micron added to BofA Securities’ US 1 List, a top investment idea among Buy-rated, U.S.-listed stocks.Stock surged around 69% in 2024, receiving a Strong Buy recommendation from Wall Street analysts.SA author Michael Del Monte predicts strong growth in FY2025 due to AI servers and refresh cycle for general compute servers.
nalysts predict a 78% YoY revenue increase due to increasing demand for AI memory chips.Capital spending forecast increased to $8B from $7.5B, driven by increased AI spending.Micron added to BofA Securities’ US 1 List, a top investment idea among Buy-rated, U.S.-listed stocks.Stock surged around 69% in 2024, receiving a Strong Buy recommendation from Wall Street analysts.SA author Michael Del Monte predicts strong growth in FY2025 due to AI servers and refresh cycle for general compute servers.
Earnings