Tomorrow’s Earnings Unveiled
Tomorrow’s Earnings Unv
Earnings season is in full swing, and tomorrow morning, Designer Brands (NYSE: DBI) is set to unveil its financial performance. Here’s a comprehensive overview of what to watch for:
Designer Brands (NYSE: DBI)
- Last Quarter: Designer Brands reported $742.1 million in revenues, a notable 10.7% year-on-year (YoY) decline, missing analyst expectations by 1.46%. It was indeed a challenging quarter, marked by falling short of analysts’ revenue and earnings-per-share (EPS) estimates.
- This Quarter’s Expectation: Analysts are bracing for another test, with expectations of an 8.56% YoY revenue decline to $785.7 million. This marks a deceleration from the 5.14% YoY revenue increase recorded in the same quarter last year. Adjusted earnings are anticipated to come in at $0.44 per share.
Meanwhile, here’s a quick look at other companies reporting their earnings:
Smartsheet (NYSE: SMAR)
- Last Quarter: Smartsheet impressed with $219.9 million in revenues, signaling a robust 30.6% YoY surge, surpassing analyst revenue expectations by 2.67%. However, there were concerns about decelerating growth in large customers and underwhelming revenue guidance for the upcoming quarter. Smartsheet also added 390 enterprise customers, increasing its total to 18,483.
- This Quarter’s Expectation: Analysts are looking for a 23% YoY revenue growth to $229.5 million, compared to the remarkable 41.7% YoY increase in the previous year’s same quarter. Adjusted earnings are expected to reach $0.07 per share.
DocuSign (NASDAQ: DOCU)
- Last Quarter: DocuSign reported $661.4 million in revenues, marking a 12.3% YoY increase, surpassing analyst revenue expectations by 3.07%. The company stood out with strong billings, exceeding consensus by over 8%, and robust free cash flow. Additionally, revenue guidance for the next quarter and the upcoming year exceeded analysts’ expectations.
- This Quarter’s Expectation: Analysts are projecting an 8.88% YoY revenue increase to $677.4 million, a deceleration from the 21.6% YoY revenue growth seen in the same quarter last year. Adjusted earnings are expected to be $0.66 per share.
Braze (NASDAQ: BRZE)
- Last Quarter: Braze had an outstanding quarter, reporting revenues of $101.8 million, up 31.3% YoY, beating analyst revenue expectations by 2.81%. The company demonstrated accelerating customer growth and provided an optimistic revenue guidance for the next quarter. They also added 96 customers, bringing the total to 1,866.
- This Quarter’s Expectation: Analysts anticipate a 26.1% YoY revenue growth to $108.6 million, although it represents a slowdown from the 54.5% YoY growth recorded in the same quarter last year. An adjusted loss of -$0.14 per share is expected.
Guidewire (NYSE: GWRE)
- Last Quarter: Guidewire reported $207.5 million in revenues, marking a 5.09% YoY increase, but it missed analyst expectations by 3.05%. The quarter was challenging, with a revenue miss and a decline in gross margin compared to the previous quarter. Additionally, while next quarter’s revenue guidance was roughly in line, full-year revenue guidance fell below expectations.
- This Quarter’s Expectation: Analysts are expecting a 6.84% YoY revenue growth to $261.3 million, consistent with the 6.61% YoY increase in the same quarter last year. Adjusted earnings are anticipated to be $0.37 per share.
Semtech (NASDAQ: SMTC)
- Last Quarter: Semtech reported $236.5 million in revenues, in line with analyst expectations. Earnings exceeded Wall Street’s projections, but there were concerns about revenue guidance for the next quarter missing analysts’ expectations and a deterioration in operating margin.
- This Quarter’s Expectation: Analysts are forecasting a 13.5% YoY revenue increase to $237.4 million, in line with the growth recorded in the same quarter last year. Adjusted earnings are expected to be $0.02 per share.
Stay tuned for these upcoming earnings reports, as they offer valuable insights into the financial health and growth prospects of these companies. These results can significantly influence investment decisions and market sentiment, so be sure to follow the updates to make informed choices in today’s dynamic business landscape
Disclaimer: We have no position in any of the stocks mentioned.
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