Next week starts on Cyber Monday and covers the last days of November, until the opening days of December. Just in time for the holiday shopping season, a few earnings reports have been released released by major grocery and discount chains, which can provide information on consumer behavior.
Elsewhere, the flow of output will be light. However, several of the changes that are most commonly seen in the quarter are caused by cloud, cybersecurity and semiconductor opportunities.
As for the specific names, next week we will see financial figures from Pinduoduo (PDD), CrowdStrike (NASDAQ: CRWD), Salesforce (NYSE: CRMKroger Co. (NYSE: KR$ General (DG), Marvell Technology (NASDAQ: MRVL), Intuit (INTU) and Five Below (FIVE). Below is a list of reports due the week of November 28 to December 2:
Monday, November 28
Chinese e-commerce platform Pinduoduo (PDD) begins its weekly earnings report with expected results in pre-market trading on Monday. The company because it sent its financial results for the third time.
Shares of the Shanghai-based tech giant are up nearly 18% year to date, outperforming the broader market. However, in the month leading up to it, the Chinese government’s actions have had a significant impact on its trade. While new economic stimulus measures from the People’s Bank of China boosted stocks in late October, fears of a shutdown weighed on shares in November.
- Consensus EPS target: $0.74
- Estimated Affiliate Revenue: $4.33B
- Earnings Realization: Pinduoduo has beaten EPS estimates in 8 straight quarters, but hs missed revenue expectations three times during this period.
Also report: Arrowhead Pharmaceuticals (ARWR) and The AZEK Company (AZEK)
Tuesday, November 29
CrowdStrike Holdings (CRWD)
Austin-based cybersecurity firm CrowdStrike ( CRWD ) is expected to post its third-quarter earnings update after the close on Tuesday. The announcement comes less than two weeks after rival Palo Alto Networks ( PANW ) issued a massive IPO that led to a more than 10% return.
Mutual trust on CrowdStrike remains a Strong Buy, according to research by Seeking Alpha. Before the results, Morgan Stanley “hit the table” in the area of cybersecurity, highlighting opportunities in CrowdStrike and Palo Alto.
“The big estimate is going down [the third-quarter] “They were from small companies selling very popular products, in our view,” the researchers wrote. [such as] Palo Alto Networks (PANW) and CrowdStrike (CRWD).”
- Consensus EPS target: $0.32
- Estimated Affiliate Revenue: $574.89M
- Earnings Note: Crowdstrike has beaten EPS and revenue estimates for 8 quarters in a row.
Also report: Hewlett-Packard Enterprise (HPE), Intuit (INTU), Citi Trends (CTRN), Workday (WDAY), and NetApp (NTAP)
Wednesday, November 30
San Francisco-based software giant Salesforce ( CRM ) is scheduled to post third-quarter results for its 2023 fiscal year after Wednesday. Ahead of the results, the company led by Marc Benioff is said to have cut a number of jobs and is considering further layoffs. Analysts were also more cautious on the cloud company, cutting EPS and earnings estimates at 32 and 35 times, respectively.
“The most consistent message in our analysis this quarter was skepticism, mainly related to the myriad of factors affecting trading timing and pipeline changes,” Deutsche Bank analyst Brad Zelnick wrote to clients. “As a result, we believe it is wise to change our model and layer in additional conservatism [fourth-quarter] and next year, to add strength [U.S. dollar].”
- Consensus EPS target: $1.22
- Estimated Affiliate Revenue: $7.83B
- Earnings Insight: Salesforce ( CRM ) has exceeded EPS and revenue expectations for 8 straight quarters.
Also report: Okta (OKTA), Splunk (SPLK), Five Below (FIVE), Diageo (DEO), Hormel Foods (HRL), Nutanix (NTNX), PVH Corp (PVH), Victoria’s Secret (VSCO), and Xpeng (XPEV) .
Thursday, December 1
Kroger Co. (KR) is due to post its third quarter financial results before the bell on Thursday. The acquisition will be the group’s first since it announced its intention to buy Albertsons Companies (ACI), a move that has been met with major criticism and even a debt settlement. A hearing on the merger is expected next week.
Even so, analysts remain bullish on the stock, with annual EPS growth at 19 times and earnings estimates at 11 times 90-day earnings. This comes as rising inflation is seen as a surprise benefit to consumers amid low sales.
- Consensus EPS target: $0.81
- Estimated Mutual Funds: $33.99B
- Earnings Insights: Kroger has exceeded EPS expectations for 8 quarters in a row, missing earnings estimates twice during that time.
Dollar General (DG)
The biggest discount retailer in the US, Dollar General ( DG ) will post its third quarter financial results before the bell on Thursday. Defensive stocks were the market’s best performers in 2022, rising more than 14% compared to the S&P’s 14% decline.
However, there have been recent signs of trouble in the sector. Dollar Tree ( DLTR ), DG’s main competitor, issued a lower forecast for the fourth quarter that sent the stock south after the November 22 earnings report.
- Consensus EPS Estimate: $2.53
- Estimated Consolidated Revenue: $9.43B
- Earnings Insight: Dollar General (DG) has missed EPS estimates in 6 of the last 8 earnings reports, beating earnings estimates in 7 of those quarters.
Marvell Technology (MRVL)
After the bell on Thursday, Marvell Technology (MRVL) will report its third quarter results. While the stock was halved in 2022, falling in tandem with the semiconductor sector, MRVL posted a huge profit a month before the Q3 report, boosted by Warren Buffett’s bet on Taiwan Semiconductor (TSM) and a call. the road.
“We believe that semiconductors are in a period of long-term growth, with things like AI, cloud computing and automobiles the growth of the car is very different from the past,” Credit Suisse analyst Chris Caso wrote in a recent note to clients. Caso singled out Marvell Technologies (MRVL) as the top pick.
Elsewhere, the company is working to wind down some R&D operations in China amid trade concerns.
- Consensus EPS target: $0.59
- Estimated Affiliate Revenue: $1.56B
- Earnings Insights: Marvell Technology has exceeded EPS estimates in 7 of the past 8 quarters, missing expectations for double earnings in that period.
Also report: Ambarella (AMBA), Zscaler (ZS), Big Lots (BIG), Veeva Systems (VEEV), Ulta Beauty (ULTA), Ollie’s Bargain Outlet Holdings (OLLI), Lands’ End (LE), Toronto Dominion Bank (TD), and Tuniru Corporation (TOUR).
Friday, December 2
Cracker Barrel Old Country Store (CBRL)
Cracker Barrel Old Country Store ( CBRL ) will lead a quiet Friday, providing its Q3 update in the hours before the market starts. Shares of restaurants and gift shops outpaced the market in 2022, falling nearly 9% versus double-digit declines for the S&P 500.
- Consensus EPS Estimate: 1.23
- Estimated Affiliate Revenue: $836.19M
- Profitability Awareness: Cracker Barrel has exceeded EPS and revenue estimates in 50% of reports over the past two years.
Also report: Kirkland’s, Inc. (KIRK), and Express, Inc. (EXPR)