Earnings week:- May’s final week features key earnings reports from major sectors like Salesforce, Costco Wholesale, and Canopy Growth, despite a holiday.
Investors are set to receive results from Marvell Technology, Chewy, Okta, Zscaler, HP, Dell Technologies, and C3.ai, while the consumer staples sector will see results from Dollar General, Best Buy, and Hormel.
Retailers like DICK’s Sporting Goods, Ulta Beauty, Kohl’s, American Eagle, Abercrombie & Fitch, Burlington Stores, and GPS are also on the list.
Monday, May 27
U.S. markets are closed in observance of the Memorial Day holiday.
Tuesday, May 28
Hello Group
Hello Group (MOMO) is set to release its Q1 earnings results, with Morgan Stanley downgrading the stock to Underweight due to a limited turnaround story and a 25% decline in operating profit.
Consensus EPS and Revenue Estimates:
- EPS Estimates: $0.29
- Revenue Estimates: $3842.87M
- Company Beats EPS and Revenue Estimates in 8 Quarters
Also reporting: 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 N.V. (AFMD), HEICO Corporation (HEI), Galmed Pharmaceuticals (GLMD), Elbit Systems (ESLT), Faraday Future Intelligent Electric (FFIE), Qualigen Therapeutics (QLGN)
Wednesday, May 29
Salesforce
Salesforce (CRM) is set to release its Q1 earnings update, with shares rising over 35% over the past 12 months. The company also announced its first quarterly dividend of $0.40 per share and increased its share buyback program by $10B. Analysts are generally bullish, with a Buy rating, while Seeking Alpha recommends a Hold. Khaveen Investments expects strong FCF margins due to its lean business model.
- EPS Estimates: $2.37
- Revenue Estimates: $9.15B
- Salesforce Outperforms EPS and Revenue Estimates in 8 Quarters
Also reporting: 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), Abercrombie & Fitch Co. (ANF), nCino (NCNO), Viking Holdings (VIK), American Superconductor (AMSC) and more.
Thursday, May 30
Costco
Costco is set to report its quarterly results, with analysts expecting a Y/Y increase in revenue and earnings. Wall Street analysts have a Buy rating, while Seeking Alpha’s Quant Rating system maintains a conservative Hold rating. Ken Taylor believes Costco’s international expansion, diverse product offerings, and low-cost procurement offer growth opportunities. Nivesha Investors has a Sell opinion.
- EPS Estimates: $3.71
- Revenue Estimates: $57.97B
Costco’s Earnings Insight:
- Overtook EPS expectations in 6 out of 8 quarters.
- Missed revenue estimates three times.
Also reporting: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 Corporation (KSS), Hormel Foods Corporation (HRL), Ambarella (AMBA), Asana (ASAN), NetApp (NTAP), Nordstrom (JWN), Elastic N.V. (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, May 31
Genesco
Genesco is set to announce its Q1 results on Friday, with Wall Street analysts rating it as a Hold, but Seeking Alpha’s Quant Rating system suggests a Sell due to growth concerns. CFO Thomas A. George stated that despite a challenging Q4 environment, sales were in line with guidance and gross margins were better than expected.
- EPS Estimates: -$2.70
- Revenue Estimates: $445.03M
“Company Exceeds EPS Expectations in 8 Quarters”
- Overcame expectations in 5 out of 8 quarters.
- 50% of revenue estimates exceeded.
Also reporting: Mesa Laboratories (MLAB), Investcorp India Acquisition (IVCA), Cango (CANG), Global Star Acquisition (GLST) and more.
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Earnings