Here are the most notable earnings releases for the trading week beginning September 24th, 2018- ($NKE $BB $KMX $RAD $KBH $JBL $ACET $FDS $MANU $BBBY $NEOG $ACN $CCL $INFO $ATU $MTN $WOR $CTAS $MKC $CAG $ASNA $AIR $OMN $CMD $FGP $PRGS $ESNC $ANGO $CAMP $FUL $DAC $ISR $SCHL) Nike Inc $85.55 Nike Inc (NKE) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, September 25, 2018. The consensus earnings estimate is $0.62 per share on revenue of $9.88 billion and the Earnings Whisper ® number is $0.66 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 8.77% with revenue increasing by 8.93%. Short interest has decreased by 54.0% since the company's last earnings release while the stock has drifted higher by 8.6% from its open following the earnings release to be 20.7% above its 200 day moving average of $70.89. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, September 19, 2018 there was some notable buying of 6,711 contracts of the $85.00 call expiring on Friday, January 17, 2020. Option traders are pricing in a 5.4% move on earnings and the stock has averaged a 5.6% move in recent quarters. BlackBerry Limited $10.41 BlackBerry Limited (BB) is confirmed to report earnings at approximately 7:00 AM ET on Friday, September 28, 2018. The consensus earnings estimate is $0.01 per share on revenue of $213.48 million and the Earnings Whisper ® number is $0.03 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat. Short interest has decreased by 1.6% since the company's last earnings release while the stock has drifted lower by 13.4% from its open following the earnings release to be 8.9% below its 200 day moving average of $11.42. On Friday, September 21, 2018 there was some notable buying of 2,290 contracts of the $9.50 call expiring on Friday, October 5, 2018. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 7.4% move in recent quarters. Carmax Inc $78.17 Carmax Inc (KMX) is confirmed to report earnings at approximately 7:35 AM ET on Wednesday, September 26, 2018. The consensus earnings estimate is $1.22 per share on revenue of $4.70 billion and the Earnings Whisper ® number is $1.26 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.49% with revenue increasing by 7.14%. Short interest has decreased by 32.8% since the company's last earnings release while the stock has drifted higher by 0.5% from its open following the earnings release to be 13.3% above its 200 day moving average of $68.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, September 21, 2018 there was some notable buying of 2,048 contracts of the $77.50 put expiring on Friday, September 28, 2018. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 5.3% move in recent quarters. Rite Aid Corp. $1.25 Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, September 27, 2018. The consensus estimate is for a loss of $0.01 per share on revenue of $5.37 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue decreasing by 30.07%. Short interest has increased by 2.4% since the company's last earnings release while the stock has drifted lower by 33.2% from its open following the earnings release to be 47.4% below its 200 day moving average of $2.38. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 19, 2018 there was some notable buying of 1,050 contracts of the $1.50 put expiring on Thursday, April 18, 2019. Option traders are pricing in a 29.6% move on earnings and the stock has averaged a 9.5% move in recent quarters. KB Home $25.37 KB Home (KBH) is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, September 25, 2018. The consensus earnings estimate is $0.78 per share on revenue of $1.27 billion and the Earnings Whisper ® number is $0.82 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 52.94% with revenue increasing by 11.01%. Short interest has decreased by 11.6% since the company's last earnings release while the stock has drifted lower by 7.5% from its open following the earnings release to be 9.1% below its 200 day moving average of $27.90. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, September 13, 2018 there was some notable buying of 6,014 contracts of the $25.00 put expiring on Friday, January 18, 2019. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 6.3% move in recent quarters. Jabil Circuit, Inc. $29.86 Jabil Circuit, Inc. (JBL) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, September 25, 2018. The consensus earnings estimate is $0.68 per share on revenue of $5.40 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat The company's guidance was for earnings of $0.56 to $0.80 per share. Consensus estimates are for year-over-year earnings growth of 6.25% with revenue increasing by 7.50%. Short interest has increased by 38.1% since the company's last earnings release while the stock has drifted higher by 1.1% from its open following the earnings release to be 5.2% above its 200 day moving average of $28.40. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 5.1% move in recent quarters. ACETO Corporation $3.04 ACETO Corporation (ACET) is confirmed to report earnings at approximately 9:50 AM ET on Friday, September 28, 2018. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Short interest has decreased by 17.4% since the company's last earnings release while the stock has drifted higher by 34.5% from its open following the earnings release to be 47.9% below its 200 day moving average of $5.83. The stock has averaged a 10.6% move on earnings in recent quarters. FactSet Research Systems, Inc. $231.33 FactSet Research Systems, Inc. (FDS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, September 25, 2018. The consensus earnings estimate is $2.22 per share on revenue of $346.25 million and the Earnings Whisper ® number is $2.23 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 16.84% with revenue increasing by 6.00%. Short interest has decreased by 31.6% since the company's last earnings release while the stock has drifted higher by 13.4% from its open following the earnings release to be 13.3% above its 200 day moving average of $204.22. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, September 7, 2018 there was some notable buying of 522 contracts of the $220.00 put expiring on Friday, October 19, 2018. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 4.8% move in recent quarters. Manchester United $24.10 Manchester United (MANU) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, September 25, 2018. The consensus earnings estimate is $0.01 per share on revenue of $193.31 million. Investor sentiment going into the company's earnings release has 31% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 94.44% with revenue decreasing by 14.03%. Short interest has increased by 47.4% since the company's last earnings release while the stock has drifted higher by 15.6% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. Bed Bath & Beyond, Inc. $19.13 Bed Bath & Beyond, Inc. (BBBY) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, September 26, 2018. The consensus earnings estimate is $0.50 per share on revenue of $2.95 billion and the Earnings Whisper ® number is $0.50 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 33.33% with revenue increasing by 0.46%. Short interest has increased by 25.8% since the company's last earnings release while the stock has drifted higher by 1.6% from its open following the earnings release to be 4.8% below its 200 day moving average of $20.09. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, September 17, 2018 there was some notable buying of 13,701 contracts of the $20.00 call expiring on Friday, November 16, 2018. Option traders are pricing in a 10.5% move on earnings and the stock has averaged a 11.3% move in recent quarters. Here are the most anticipated ERs for this upcoming week ahead (I'll also have the weekly earnings calendar posted in here as well once it's out) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 9.24.18 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! NONE. Monday 9.24.18 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 9.25.18 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 9.25.18 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 9.26.18 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 9.26.18 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 9.27.18 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 9.27.18 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 9.28.18 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 9.28.18 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings releases due out after the market close today (9/24/18) and before the market open tomorrow morning (9/25/18)- ($JBL $FDS $MANU $NEOG $INFO $ASNA $DAC)
The Dirty Dozen Sep 24, 2018 In numerous reports over the last several months for both clients and on the blog, we have repeatedly highlighted the positive impact of earnings and the reaction of investors to them as an important driver for the market. In recent quarters, the percentage of companies exceeding EPS forecasts has consistently been strong in the mid-60% range. Earnings season doesn’t really kick off for another two to three weeks, so it will be impossible until then to see if any of the strong earnings trends are shifting. That being said, early indications haven’t been positive. Using our Earnings Report Screener, we found that in what was an admittedly limited sample size, the twelve companies that reported earnings last week generally had weak results and even weaker stock price reactions. As shown in the table below, only twelve companies reported earnings last week, but of those, just seven exceeded bottom line EPS forecasts, while only six beat on the top line. A number of these companies were small-cap companies, but FedEx (FDX) had a pretty notable EPS miss, while Oracle (ORCL) missed on the top line, which led both to decline on their earnings reaction days. Overall, stock price reactions were, to put it mildly, bad. Of the 12 companies reporting EPS last week, ten of them saw declines on their stock price reaction days for an average decline of 4.28% and a median drop of just over 5%. Again, it’s a limited sample size, but if Q3 earnings season comes in as bad as these early indications, it could be a long Fall.
Here are the scheduled earnings releases due out after the market close today (9/25/18) and before the market open tomorrow morning (9/26/18)- ($NKE $KMX $KBH $CTAS $WOR $AIR $ATU $ESNC $OMN $ISR)
Here are the scheduled earnings releases due out after the market close today (9/26/18) and before the market open tomorrow morning (9/27/18)- ($RAD $BBBY $CCL $ACN $MKC $CAG $FUL $CMD $ANGO $FGP $SCHL $CMTL)
And finally here are the scheduled earnings releases due out after the market close today (9/27/18) and before the market open on Friday morning (9/28/18)- ($BB $ACET $MTN $PRGS $CAMP)
