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Most Anticipated Earnings Releases for the week beginning February 24th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Feb 21, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
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    Here are the most notable earnings releases for the trading week beginning February 24th, 2020-
    ($BYND $SQ $HD $SPCE $CRM $BIDU $M $CRON $CHK $BBY $TTD $AMRN $SHAK $KOS $AWI $SDC $LOW $ILPT $CLVS $TNDM $IQ $PANW $CRI $SPNS $TJX $CTB $ETSY $TREE $KEYS $INTU $GWPH $W $TDOC $WEN $CROX $DIN $DNR $LL $DORM $GH $OXY $MGI $AMT $JCP $CBRL)
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    (This post will be edited later with the notable earnings details & charts)

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    Here are the most notable Highest Volatility earnings releases for the trading week beginning February 24th, 2020-
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    Beyond Meat, Inc. $117.45
    [​IMG]Beyond Meat, Inc. (BYND) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, February 27, 2020. The consenus estimate is for breakeven results on revenue of $79.51 million and the Earnings Whisper ® number is $0.02 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Short interest has increased by 58.0% since the company's last earnings release while the stock has drifted higher by 41.6% from its open following the earnings release to be 4.1% below its 200 day moving average of $122.42. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 24.6% move on earnings in recent quarters.
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    Square, Inc. $83.49
    [​IMG]Square, Inc. (SQ) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, February 26, 2020. The consensus earnings estimate is $0.20 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.24 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $0.19 to $0.21 per share. Consensus estimates are for year-over-year earnings growth of 17.65% with revenue increasing by 26.54%. Short interest has decreased by 4.1% since the company's last earnings release while the stock has drifted higher by 34.9% from its open following the earnings release to be 23.8% above its 200 day moving average of $67.46. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 20, 2020 there was some notable buying of 2,991 contracts of the $87.00 call expiring on Friday, February 28, 2020. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 7.9% move in recent quarters.
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    Home Depot, Inc. $245.34
    [​IMG]Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 25, 2020. The consensus earnings estimate is $2.10 per share on revenue of $25.76 billion and the Earnings Whisper ® number is $2.15 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.67% with revenue decreasing by 2.76%. Short interest has decreased by 17.3% since the company's last earnings release while the stock has drifted higher by 6.4% from its open following the earnings release to be 12.1% above its 200 day moving average of $218.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 20, 2020 there was some notable buying of 1,015 contracts of the $245.00 call expiring on Friday, February 28, 2020. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.0% move in recent quarters.
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    Virgin Galactic Holdings, Inc. $33.87
    [​IMG]Virgin Galactic Holdings, Inc. (SPCE) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, February 25, 2020. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. The stock has drifted higher by 237.0% from its open following the earnings release. The stock has averaged a 3.8% move on earnings in recent quarters.
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    Salesforce $189.50
    [​IMG]Salesforce (CRM) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, February 25, 2020. The consensus earnings estimate is $0.55 per share on revenue of $4.75 billion and the Earnings Whisper ® number is $0.56 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat The company's guidance was for earnings of $0.54 to $0.55 per share. Consensus estimates are for earnings to decline year-over-year by 20.29% with revenue increasing by 31.83%. Short interest has decreased by 5.2% since the company's last earnings release while the stock has drifted higher by 18.2% from its open following the earnings release to be 19.5% above its 200 day moving average of $158.62. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 20, 2020 there was some notable buying of 4,926 contracts of the $210.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 3.9% move in recent quarters.
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    Baidu, Inc. $129.80
    [​IMG]Baidu, Inc. (BIDU) is confirmed to report earnings at approximately 4:30 PM ET on Thursday, February 27, 2020. The consensus earnings estimate is $2.72 per share on revenue of $3.96 billion and the Earnings Whisper ® number is $3.27 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 39.49% with revenue increasing by 0.13%. Short interest has decreased by 30.4% since the company's last earnings release while the stock has drifted higher by 12.4% from its open following the earnings release to be 11.4% above its 200 day moving average of $116.53. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, February 20, 2020 there was some notable buying of 2,013 contracts of the $125.00 put expiring on Friday, March 27, 2020. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 8.1% move in recent quarters.
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    Macy's, Inc. $16.23
    [​IMG]Macy's, Inc. (M) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, February 25, 2020. The consensus earnings estimate is $1.95 per share on revenue of $8.32 billion and the Earnings Whisper ® number is $1.98 per share. Investor sentiment going into the company's earnings release has 17% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 28.57% with revenue decreasing by 1.60%. Short interest has increased by 0.6% since the company's last earnings release while the stock has drifted higher by 13.5% from its open following the earnings release to be 9.6% below its 200 day moving average of $17.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 11, 2020 there was some notable buying of 8,128 contracts of the $16.00 put expiring on Friday, February 28, 2020. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 6.8% move in recent quarters.
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    Cronos Group Inc. $7.15
    [​IMG]Cronos Group Inc. (CRON) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 27, 2020. The consensus estimate is for a loss of $0.04 per share on revenue of $12.40 million and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 192.38%. Short interest has increased by 28.4% since the company's last earnings release while the stock has drifted lower by 11.2% from its open following the earnings release to be 32.9% below its 200 day moving average of $10.66. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 11, 2020 there was some notable buying of 4,164 contracts of the $8.00 call expiring on Friday, February 28, 2020. Option traders are pricing in a 11.3% move on earnings and the stock has averaged a 3.6% move in recent quarters.
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    Chesapeake Energy Corp. $0.45
    [​IMG]Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 26, 2020. The consensus estimate is for a loss of $0.06 per share on revenue of $1.21 billion and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 128.57% with revenue decreasing by 30.10%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 66.1% from its open following the earnings release to be 67.6% below its 200 day moving average of $1.38. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, February 21, 2020 there was some notable buying of 10,872 contracts of the $1.50 put expiring on Friday, March 20, 2020. Option traders are pricing in a 14.5% move on earnings and the stock has averaged a 10.2% move in recent quarters.
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    Best Buy Co., Inc. $90.26
    [​IMG]Best Buy Co., Inc. (BBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 27, 2020. The consensus earnings estimate is $2.76 per share on revenue of $15.09 billion and the Earnings Whisper ® number is $2.83 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $2.65 to $2.75 per share. Consensus estimates are for year-over-year earnings growth of 1.47% with revenue increasing by 1.95%. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted higher by 16.9% from its open following the earnings release to be 21.3% above its 200 day moving average of $74.42. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 8.2% move on earnings and the stock has averaged a 7.3% move in recent quarters.
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    Here are the most anticipated Earnings Releases for this upcoming trading week ahead.

    ***Check mark next to the stock symbols denotes confirmed earnings release date & time***

    Monday 2.24.20 Before Market Open:
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    Monday 2.24.20 After Market Close:
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    Tuesday 2.25.20 Before Market Open:
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    Tuesday 2.25.20 After Market Close:
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    Wednesday 2.26.20 Before Market Open:
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    Wednesday 2.26.20 After Market Close:
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    Thursday 2.27.20 Before Market Open:
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    Thursday 2.27.20 After Market Close:
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    Friday 2.28.20 Before Market Open:
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    Friday 2.28.20 After Market Close:
    NONE.
     
  2. bigbear0083

    bigbear0083 Content Manager
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    Here are the most notable earnings releases for the month of February 2020-

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  3. bigbear0083

    bigbear0083 Content Manager
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  4. bigbear0083

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  5. bigbear0083

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  6. bigbear0083

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  7. bigbear0083

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  8. bigbear0083

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    Not Even Triple Plays Are Safe
    Tue, Feb 25, 2020

    Since the beginning of 2020, one-day stock price reactions to earnings reports have been generally on the weak side. Despite gaps up at the open on both an average and median basis, stocks have faced selling from open to close to finish down 7 bps on average (median: 9 bps). That comes even though EPS and sales beat rates have remained fairly strong with both healthily above their long term averages as shown in the charts from our Earnings Explorer below.

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    Although stocks broadly have been weak in reaction to earnings, stocks that have reported triple plays have seen stronger stock price reactions. A triple play is when a company beats EPS and sales estimates in addition to raising guidance. Of the 77 triple plays that have reported so far in 2020, the average gap up has been strong at +6.49%. Although there is some selling intraday, these stocks have finished up 5.71% on average by the end of the day after earnings.

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    While this has generally been the case this year, as headwinds from the coronavirus have ramped up in the past week, the dynamic of triple plays' stronger response to earnings has fallen apart. On Friday, we noted that broader market selling had led the five triple plays of that day to turn sharply lower intraday despite solid gaps higher at the open. That has continued, if not worsened, this week. While intraday performance is a bit better than Friday, the gaps down of this week's triple plays has been worse. In fact, of the six triple plays out since Monday only Cracker Barrel (CBRL) gapped up. On average, these six have fallen over 5% at the open in response to earnings with further selling on an average and median basis from open to close. In other words, selling the past few days has been pretty indiscriminate as even the positive catalyst of strong earnings have not been enough to pull in buyers.

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    In the charts below, we show six-month price charts of the stocks that have reported triple plays this week. As shown, most have gapped lower the day after earnings and have been met with further selling intraday with the exceptions of Kaman (KAMN) and National Storage Affiliates (NSA). In the cases of Guardant Health (GH), KAMN, and Sapiens (SPNS), uptrend lines or recent support have also been broken. On the other hand, the charts of Cracker Barrel (CBRL), Everquote (EVER), and National Storage Affiliates (NSA) are looking a bit more constructive despite the single day weakness on earnings.

    [​IMG]
     
  10. bigbear0083

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  14. bigbear0083

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  15. bigbear0083

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