Earnings
Wall Street has experienced a slowdown in quarterly releases, but investors are eagerly anticipating important announcements from FedEx and consumer brands like Nike, Lululemon Athletica, and Chewy. Technology companies like Micron Technology, Accenture, Nano Dimension, and JinkoSolar Holding are also expected to release earnings results. The week will also feature earnings from XPeng, General Mills, PDD Holdings, SNDL, StoneCo, BioNTech SE, Darden Restaurants, HUYA, and Baozun.
Monday, March 18
StoneCo Quarterly Earnings Report
StoneCo, a financial technology and software solutions provider, is set to report its Q4 earnings after the market close. The stock, which has surged nearly 91% in the past year, is viewed positively by market participants, receiving a Strong Buy rating from Seeking Alpha’s Quant Rating system and a consensus Buy recommendation from sell-side analysts.
Consensus EPS Estimates: $0.30
Consensus Revenue Estimates: $685.01M
Earnings Insight: STNE has exceeded EPS in 6 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Science Applications International Corporation (SAIC), Niu Technologies (NIU), DLocal Limited (DLO), FreightCar America (RAIL), Comtech Telecommunications (CMTL), Alpine Immune Sciences (ALPN), Bit Digital (BTBT), Eyenovia (EYEN), National CineMedia (NCMI), JOYY (YY), FinVolution Group (FINV), Zepp Health Corporation (ZEPP) and more.
Tuesday, March 19
XPeng Q4 Earnings Expectations
XPeng (XPEV) is set to release its Q4 financial data on Tuesday, despite a 36% decline in its stock this year, partly due to the Chinese New Year’s impact on monthly delivery numbers. Seeking Alpha’s Quant Rating system upgraded the stock to Hold, while Wall Street analysts maintain a Buy rating. SA author Dair Sansyzbayev warns that XPEV’s stock price has dropped 48% since October 2023, raising concerns about business model viability due to opposite revenue and EPS movements.
Consensus EPS Estimates: -$0.42
Consensus Revenue Estimates: $1.75B
Earnings Insight: Xpeng has beaten EPS and revenue estimates in 3 of the past 8 earnings reports.
Also reporting: Smith Douglas Homes (SDHC), Bridger Aerospace Group Holdings (BAER), ZKH Group Limited (ZKH), Moatable (MTBL), HUYA (HUYA), Tencent Music Entertainment Group (TME), Precigen (PGEN), HealthEquity (HQY), Oragenics (OGEN), ZTO Express (Cayman) (ZTO), Cyclacel Pharmaceuticals (CYCC), Corvus Pharmaceuticals (CRVS) and more.
Wednesday, March 20
Micron Technology Q4 Financial Results
Micron Technology is set to release its quarterly earnings after the closing bell. Stifel has upgraded the memory chipmaker to Buy from Hold, with analyst Brian Chin raising the price target to $120.
Chin believes tightening conditions in the dynamic random access memory supply will allow Micron to optimize its product mix, including DDR5/LPDDR5, high-capacity DIMMs, and HBM, and augment cyclical recovery in gross margins.
Stifel sees a “sweet spot” for memory, which should drive multiple expansions due to its increased connection to artificial intelligence via high-bandwidth memory. The stock continues to receive a Hold rating from Seeking Alpha’s Quant Rating system.
Consensus EPS Estimates: -$0.26
Consensus Revenue Estimates: $5.34B
Earnings Insight: Micron has beaten EPS expectations in 6 of the past 8 quarters and has beaten revenue estimates in half of those reports.
Also reporting: General Mills (GIS), BioNTech SE (BNTX), PDD Holdings (PDD), Chewy (CHWY), Ideanomics (IDEX), JinkoSolar Holding (JKS), KB Home (KBH), Five Below (FIVE), Signet Jewelers Limited (SIG), UP Fintech Holding Limited (TIGR), CuriosityStream (CURI), Ollie’s Bargain Outlet Holdings (OLLI), Top Ships (TOPS), Avinger (AVGR), Bakkt Holdings (BKKT), Avino Silver & Gold Mines (ASM), WM Technology (MAPS), Mogo (MOGO), Kingsoft Cloud Holdings Limited (KC), Guess?(GES), and more.
Thursday, March 21
FedEx Quarterly Performance Update
FedEx, a major player in package delivery services, is set to announce its quarterly earnings after the closing bell. Despite a strong performance, with a gain of over 29% over a 12-month period, the company receives a Hold rating from SA’s Quant Ratings, contrasting with the consensus Buy rating maintained by Wall Street analysts.
SA investing group leader Leo Nelissen suggests potential growth due to analyst expectations and cost-saving strategies, but cautions investors due to FedEx’s diversification efforts and technological advancements in the e-commerce landscape. Stock Waves, another SA investing group leader, takes a more bearish stance, noting potential downside patterns in the future.
Consensus EPS Estimates: $3.51
Consensus Revenue Estimates: $22.09B
Earnings Insight: FedEx has beaten EPS estimates in 4 of the past 8 quarters, rising above revenue expectations in only one of those reports.
Nike
Nike is set to release its quarterly results on Thursday, following a mixed performance in the previous quarter. CFO Matthew Friend viewed the results as a turning point for profitable growth. Nike remains committed to strong gross margin execution and disciplined cost management. The stock has a Hold rating from Seeking Alpha’s Quant Rating system, reflecting a more cautious stance compared to Wall Street analysts’ consensus Buy rating. However, NKE’s valuation remains at a premium, potentially exposing it to downside risk.
Consensus EPS Estimates: $0.76
Consensus Revenue Estimates: $12.29B
Earnings Insight: The company has beaten EPS estimates 7 times in the past 8 quarters and revenue expectations in 6 of those reports.
Also reporting: Lululemon Athletica (LULU), SNDL (SNDL), Nano Dimension (NNDM), Accenture (ACN), Baozun (BZUN), Darden Restaurants (DRI), Winnebago Industries (WGO), BIOLASE (BIOL), Cellectis S.A. (CLLS), Academy Sports and Outdoors (ASO), Commercial Metals Company (CMC), FactSet Research Systems (FDS), Rockwell Medical (RMTI), VEON (VEON), AAR (AIR) and more.
Friday, March 22
At the end of the week, Sunlands Technology Group (STG), AstroNova (ALOT), Femasys (FEMY), and MAIA Biotechnology (MAIA) will disclose their earnings pre-market.
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Earnings