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Most Anticipated Earnings Releases for the week beginning March 2nd, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Feb 28, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
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    Here are the most notable earnings releases for the trading week beginning March 2nd, 2020-
    ($TGT $PLUG $JD $ZM $COST $TLRY $AZO $KSS $SPLK $DLTR $VEEV $XRAY $SE $MRVL $FOLD $KR $OKTA $STNE $BLDP $BURL $CIEN $ALBO $MAXR $ANF $ITCI $FNKO $JWN $EPRT $VIPS $GTT $CORE $BNFT $LVGO $EVRG $ROST $EGRX $AOBC $TGLS $ATRS $HPE $NWN $WVE $WSC)
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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 March 2nd, 2020-
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    Target Corp. $103.00
    [​IMG]Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $1.66 per share on revenue of $23.49 billion and the Earnings Whisper ® number is $1.68 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat Consensus estimates are for year-over-year earnings growth of 8.50% with revenue increasing by 2.23%. On Friday, February 28, 2020 there was some notable buying of 3,641 contracts of the $100.00 put expiring on Friday, March 20, 2020.
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    Plug Power, Inc. $4.34
    [​IMG]Plug Power, Inc. (PLUG) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, March 5, 2020. The consensus estimate is for a loss of $0.06 per share on revenue of $90.15 million and the Earnings Whisper ® number is ($0.05) per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.00% with revenue increasing by 50.70%. Short interest has increased by 29.2% since the company's last earnings release while the stock has drifted higher by 59.6% from its open following the earnings release to be 39.8% above its 200 day moving average of $3.10. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 17, 2020 there was some notable buying of 2,010 contracts of the $5.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 20.0% move on earnings and the stock has averaged a 4.1% move in recent quarters.
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    JD.com, Inc. $38.51
    [​IMG]JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:00 AM ET on Monday, March 2, 2020. The consensus earnings estimate is $0.44 per share on revenue of $23.81 billion and the Earnings Whisper ® number is $0.47 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1,000.00% with revenue increasing by 21.41%. Short interest has decreased by 9.9% since the company's last earnings release while the stock has drifted higher by 9.9% from its open following the earnings release to be 19.4% above its 200 day moving average of $32.25. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 12, 2020 there was some notable buying of 8,001 contracts of the $38.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 5.3% move in recent quarters.
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    Zoom Video Communications, Inc. $105.00
    [​IMG]Zoom Video Communications, Inc. (ZM) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $0.07 per share on revenue of $176.36 million and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat The company's guidance was for earnings of approximately $0.07 per share on revenue of $175.00 million to $176.00 million. The stock has drifted higher by 63.4% from its open following the earnings release to be 29.0% above its 200 day moving average of $81.40. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 12.1% move on earnings in recent quarters.
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    Costco Wholesale Corp. $281.14
    [​IMG]Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, March 5, 2020. The consensus earnings estimate is $2.06 per share on revenue of $38.34 billion and the Earnings Whisper ® number is $2.10 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 2.49% with revenue increasing by 8.32%. Short interest has decreased by 9.0% since the company's last earnings release while the stock has drifted lower by 4.6% from its open following the earnings release to be 1.6% below its 200 day moving average of $285.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, February 27, 2020 there was some notable buying of 1,125 contracts of the $285.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 8.2% move on earnings and the stock has averaged a 3.8% move in recent quarters.
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    Tilray, Inc. $14.43
    [​IMG]Tilray, Inc. (TLRY) is confirmed to report earnings at approximately 4:05 PM ET on Monday, March 2, 2020. The consensus estimate is for a loss of $0.34 per share on revenue of $55.35 million and the Earnings Whisper ® number is ($0.40) per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 3.03% with revenue increasing by 256.38%. Short interest has increased by 25.9% since the company's last earnings release while the stock has drifted lower by 32.1% from its open following the earnings release to be 49.5% below its 200 day moving average of $28.57. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 2,011 contracts of the $15.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 26.7% move on earnings and the stock has averaged a 8.5% move in recent quarters.
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    AutoZone, Inc. -
    [​IMG]AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $11.87 per share on revenue of $2.58 billion and the Earnings Whisper ® number is $12.01 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.31% with revenue increasing by 5.28%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 16.7% from its open following the earnings release to be 7.3% below its 200 day moving average of $1,113.49. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 5.1% move in recent quarters.
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    Kohl's Corporation $39.15
    [​IMG]Kohl's Corporation (KSS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $1.92 per share on revenue of $6.80 billion and the Earnings Whisper ® number is $1.91 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 14.29% with revenue decreasing by 0.34%. Short interest has decreased by 2.6% since the company's last earnings release while the stock has drifted lower by 19.7% from its open following the earnings release to be 19.9% below its 200 day moving average of $48.86. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, February 24, 2020 there was some notable buying of 809 contracts of the $40.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 9.5% move in recent quarters.
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    Splunk Inc. $147.33
    [​IMG]Splunk Inc. (SPLK) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $0.96 per share on revenue of $783.94 million and the Earnings Whisper ® number is $1.00 per share. Investor sentiment going into the company's earnings release has 91% expecting an earnings beat The company's guidance was for revenue of approximately $780.00 million. Consensus estimates are for year-over-year earnings growth of 31.51% with revenue increasing by 26.02%. Short interest has increased by 2.1% since the company's last earnings release while the stock has drifted higher by 9.1% from its open following the earnings release to be 10.8% above its 200 day moving average of $132.95. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 2,414 contracts of the $155.00 call expiring on Friday, March 6, 2020. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 8.6% move in recent quarters.
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    Dollar Tree Stores, Inc. $83.03
    [​IMG]Dollar Tree Stores, Inc. (DLTR) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $1.75 per share on revenue of $6.39 billion and the Earnings Whisper ® number is $1.75 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for earnings of $1.70 to $1.80 per share. Consensus estimates are for earnings to decline year-over-year by 9.33% with revenue increasing by 2.98%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 13.3% from its open following the earnings release to be 17.9% below its 200 day moving average of $101.15. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 3,974 contracts of the $85.00 call expiring on Friday, March 20, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 7.9% 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 3.2.20 Before Market Open:
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    Monday 3.2.20 After Market Close:
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    Tuesday 3.3.20 Before Market Open:
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    Tuesday 3.3.20 After Market Close:
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    Wednesday 3.4.20 Before Market Open:
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    Wednesday 3.4.20 After Market Close:
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    Thursday 3.5.20 Before Market Open:
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    Thursday 3.5.20 After Market Close:
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    Friday 3.6.20 Before Market Open:
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    Friday 3.6.20 After Market Close:
    NONE.
     
  2. bigbear0083

    bigbear0083 Content Manager
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  3. bigbear0083

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  4. bigbear0083

    bigbear0083 Content Manager
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  5. bigbear0083

    bigbear0083 Content Manager
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  6. bigbear0083

    bigbear0083 Content Manager
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  7. bigbear0083

    bigbear0083 Content Manager
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  8. bigbear0083

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    The Impact of COVID-19 on Earnings Reports
    Mon, Mar 2, 2020

    Below is a look at the historical earnings beat rate (vs. consensus analyst estimates) for US companies reporting quarterly numbers on a rolling 3-month basis. These charts are updated on a regular basis at our popular Earnings Explorer tool. The first chart shows the bottom-line EPS beat rate, while the second chart shows the top-line revenue beat rate. Prior to the last week or so, beat rates had been on the upswing, but they've taken a slight dip since the market peaked on February 19th.

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    The reading that has really taken a hit since the COVID-19 virus began to spread is forward guidance. The chart below shows our Guidance Spread tracker from our Earnings Explorer tool, which looks at the difference between the number of companies raising guidance and lowering guidance on a rolling three-month basis. As shown, our guidance spread has fallen dramatically over just the last three weeks, which coincides with the rapid outbreak of the coronavirus both inside and outside of China. At this point, our guidance spread has taken out lows seen in November 2019, but it's not nearly as negative as it was in the early part of 2019.

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    Along with the big drop in our guidance spread tracker, share price reactions to earnings reports have also taken a big hit. The chart below shows the median one-day share price change that stocks have experienced on their earnings reaction days on a rolling three-month basis. Over the last three months, the median share price change for stocks on their earnings reaction days has been -0.56%. That's the most negative reading seen in the last twelve months, and it's a complete reversal of the trend of positive share-price reactions we were seeing as recently as January. Stocks have gone from reacting very positively to their earnings reports to reacting very negatively to their earnings reports in just a few weeks. You can see these charts over a longer time frame at our Earnings Explorer page, which is available to Bespoke Institutional members.

    [​IMG]
     
  9. bigbear0083

    bigbear0083 Content Manager
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  10. bigbear0083

    bigbear0083 Content Manager
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