Here are the most notable earnings releases for the trading week beginning May 20th, 2019- ($HD $AZZ $TGT $JCP $KSS $LOW $AZO $BBY $SPLK $WB $IGT $TJX $FL $MDT $QD $TRNX $PDD $AAP $ONVO $CAAP $ADSK $INTU $NTAP $SPTN $ADI $VFC $TD $TTM $VIPS $ITRN $CGEN $HPE $URBN $SE $CTRP $SNPS $RY $QTT $SINA $HRL $JWN $BJ $NDSN $HPQ) (This post will be edited later with the notable earnings details & charts) ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Here are the most notable Highest Volatility earnings releases for the trading week beginning May 20th, 2019- ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Home Depot, Inc. $192.58 Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, May 21, 2019. The consensus earnings estimate is $2.17 per share on revenue of $26.37 billion and the Earnings Whisper ® number is $2.22 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.33% with revenue increasing by 5.70%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted higher by 3.8% from its open following the earnings release to be 2.3% above its 200 day moving average of $188.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 17, 2019 there was some notable buying of 3,984 contracts of the $192.50 put expiring on Friday, May 24, 2019. Option traders are pricing in a 3.5% move on earnings and the stock has averaged a 0.8% move in recent quarters. AZZ Inc. $45.56 AZZ Inc. (AZZ) is confirmed to report earnings at approximately 6:30 AM ET on Monday, May 20, 2019. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Short interest has decreased by 66.3% since the company's last earnings release while the stock has drifted higher by 11.5% from its open following the earnings release to be 2.2% below its 200 day moving average of $46.60. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 8.7% move in recent quarters. Target Corp. $70.89 Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, May 22, 2019. The consensus earnings estimate is $1.42 per share on revenue of $17.54 billion and the Earnings Whisper ® number is $1.45 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat The company's guidance was for earnings of $1.32 to $1.52 per share. Consensus estimates are for year-over-year earnings growth of 7.58% with revenue increasing by 4.52%. Short interest has increased by 6.7% since the company's last earnings release while the stock has drifted lower by 7.3% from its open following the earnings release to be 8.5% below its 200 day moving average of $77.49. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, April 29, 2019 there was some notable buying of 19,170 contracts of the $70.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 5.5% move on earnings and the stock has averaged a 6.5% move in recent quarters. J.C. Penney Company Inc $1.14 J.C. Penney Company Inc (JCP) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, May 21, 2019. The consensus estimate is for a loss of $0.39 per share on revenue of $2.52 billion and the Earnings Whisper ® number is ($0.42) per share. 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 77.27% with revenue decreasing by 5.65%. Short interest has increased by 5.8% since the company's last earnings release while the stock has drifted lower by 22.4% from its open following the earnings release to be 39.8% below its 200 day moving average of $1.89. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, May 6, 2019 there was some notable buying of 2,010 contracts of the $1.50 put expiring on Friday, June 21, 2019. Option traders are pricing in a 32.9% move on earnings and the stock has averaged a 15.7% move in recent quarters. Kohl's Corporation $63.60 Kohl's Corporation (KSS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 21, 2019. The consensus earnings estimate is $0.67 per share on revenue of $4.12 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.69% with revenue decreasing by 2.09%. Short interest has increased by 11.3% since the company's last earnings release while the stock has drifted lower by 5.9% from its open following the earnings release to be 9.9% below its 200 day moving average of $70.58. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, May 16, 2019 there was some notable buying of 3,098 contracts of the $65.00 call and 3,068 contracts of the $65.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 5.3% move in recent quarters. Lowe's Companies, Inc. $109.02 Lowe's Companies, Inc. (LOW) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, May 22, 2019. The consensus earnings estimate is $1.34 per share on revenue of $17.71 billion and the Earnings Whisper ® number is $1.38 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 12.61% with revenue increasing by 2.02%. Short interest has decreased by 16.7% since the company's last earnings release while the stock has drifted higher by 0.0% from its open following the earnings release to be 7.0% above its 200 day moving average of $101.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, May 7, 2019 there was some notable buying of 876 contracts of the $70.00 put expiring on Friday, July 19, 2019. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 5.3% move in recent quarters. AutoZone, Inc. $984.09 AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 21, 2019. The consensus earnings estimate is $15.23 per share on revenue of $2.77 billion and the Earnings Whisper ® number is $15.27 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 13.49% with revenue increasing by 4.13%. Short interest has decreased by 11.2% since the company's last earnings release while the stock has drifted higher by 2.5% from its open following the earnings release to be 14.9% above its 200 day moving average of $856.23. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 5.8% move in recent quarters. Best Buy Co., Inc. $68.93 Best Buy Co., Inc. (BBY) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, May 23, 2019. The consensus earnings estimate is $0.88 per share on revenue of $9.14 billion and the Earnings Whisper ® number is $0.94 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 $0.83 to $0.88 per share. Consensus estimates are for year-over-year earnings growth of 7.32% with revenue increasing by 0.34%. Short interest has decreased by 41.1% since the company's last earnings release while the stock has drifted higher by 1.4% from its open following the earnings release to be 1.1% above its 200 day moving average of $68.15. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 10, 2019 there was some notable buying of 979 contracts of the $72.50 call expiring on Friday, June 21, 2019. Option traders are pricing in a 7.7% move on earnings and the stock has averaged a 5.9% move in recent quarters. Splunk Inc. $136.49 Splunk Inc. (SPLK) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, May 23, 2019. The consensus estimate is for a loss of $0.14 per share on revenue of $395.73 million and the Earnings Whisper ® number is ($0.11) per share. Investor sentiment going into the company's earnings release has 85% expecting an earnings beat The company's guidance was for revenue of approximately $395.00 million. Consensus estimates are for year-over-year earnings growth of 48.15% with revenue increasing by 26.98%. Short interest has decreased by 6.9% 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 17.5% above its 200 day moving average of $116.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, May 8, 2019 there was some notable buying of 1,031 contracts of the $155.00 call expiring on Friday, May 31, 2019. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 9.7% move in recent quarters. Weibo Corporation $53.10 Weibo Corporation (WB) is confirmed to report earnings at approximately 4:30 AM ET on Thursday, May 23, 2019. The consensus earnings estimate is $0.51 per share on revenue of $401.51 million and the Earnings Whisper ® number is $0.55 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for revenue of $395.00 million to $405.00 million. Consensus estimates are for year-over-year earnings growth of 4.08% with revenue increasing by 14.76%. Short interest has decreased by 14.1% since the company's last earnings release while the stock has drifted lower by 21.1% from its open following the earnings release to be 18.4% below its 200 day moving average of $65.11. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, May 16, 2019 there was some notable buying of 1,209 contracts of the $55.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 9.6% move on earnings and the stock has averaged a 6.1% move in recent quarters. ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Here are the most anticipated Earnings Releases for this upcoming trading week ahead. ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 5.20.19 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 5.20.19 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 5.21.19 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 5.21.19 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 5.22.19 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 5.22.19 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 5.23.19 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 5.23.19 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 5.24.19 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 5.24.19 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the scheduled earnings releases due out before the market open on Monday morning (5/20/19)- ($AZZ $TRNX $GD $IGT $PDD $SPTN $CGEN $TTM)
Here are the scheduled earnings releases due out after the market close today (5/20/19)- ($NDSN $QTT $ATTO $IPIC)
Here are the scheduled earnings releases due out before the market open on Tuesday morning (5/21/19)- ($HD $KSS $JCP $AZO $TJX $CAAP $ITRN $DY $DQ $MNRO $GLNG $MDWD $SFL $EV $DAVA $XYF $GMLP $SNWV)
Earnings Season Takeaways We consider earnings season a success based on the amount of upside to prior estimates generated by S&P 500 Index companies despite several headwinds. Companies handily beat expectations to get first quarter earnings up to flat, as shown in the LPL Chart of the Day. When earnings season began in mid-April, consensus estimates called for a 4–5% drop in S&P 500 earnings, according to FactSet data. Beating results by this much is impressive considering persistent trade uncertainty and the drag on overseas profits from a strong U.S. dollar. Also consider that the median stock in the S&P 500 has grown earnings several percentage points faster because a few large companies are dragging down the market-cap-weighted calculation. Resilient estimates are also encouraging. Since April 15, the 2019 consensus estimate for S&P 500 earnings per share has risen slightly to $168 (a 4% year-over-year increase). We consider that a win given that estimates typically fall during earnings season. “Escalating trade uncertainty and the threat of more tariffs are huge wild cards for corporate profits,” said LPL Chief Investment Strategist John Lynch. “We are hopeful that significant progress can be made on the trade front next month, when President Trump and China’s President Xi are expected to meet at the G20 summit. A prolonged impasse that lasts through the summer would make mid-single-digit earnings growth difficult to achieve in 2019.” Our base case remains that we will get a trade deal with China early this summer and consensus expectations for 3–4% earnings growth may prove to be conservative. Earnings are hardly booming, but with a continued economic expansion, low inflation, and low interest rates, we see enough earnings growth ahead to push stocks up to our year-end S&P 500 fair value target of 3,000—though it probably won’t get there in a straight line.
Biggest Earnings Winners and Losers More than 2,000 public companies released quarterly earnings during the Q1 reporting period between April 10th and May 16th. On average, these stocks fell 0.57% on their earnings reaction days, so collectively, investors were net sellers on earnings this past season. (For a stock that reports before the open, its earnings reaction day is that trading day. For a stock that reports after the close, its earnings reaction day is the next trading day.) There were 25 stocks that gained more than 20% on their earnings reaction days this season, and there were 108 that gained more than 10%. Below is a list of the very best performers. As shown, Control4 (CTRL) ranks at the top with a one-day gain of 39.6% when it reported on May 9th. While the company missed revenue estimates, it announced that it was being acquired for $23.91/share -- 39.66% above the price it closed at prior to its earnings report. The same thing happened to the 2nd best per performer on earnings this season -- Aquantia (AQ). AQ reported earnings on May 6th, and while it missed both EPS and revenue estimates, it announced that it had been bought by Marvell Technology for $13.25/share. Behind CTRL and AQ, the next best three stocks on their earnings reaction days this past season were Impinj (PI), Zix Corp (ZIXI), and Enphase Energy (ENPH). PI and ZIXI both gained nearly 35%, while ENPH gained 29.3%. Other notables on the list of biggest winners include Sohu.com (SOHU), MercadoLibre (MELI), US Steel (X), and Twitter (TWTR). While there were 25 stocks that gained more than 20% on their earnings reaction days this season, there were 31 that fell more than 20%. Additionally, there were 108 stocks that gained more than 10%, but there were 157 that fell more than 10%. In other words, there were more big winners than big losers. At the top of the "biggest losers" list is Stamps.com (STMP), which fell 55.75% on May 9th after its evening report on May 8th. For STMP, it was its second 50%+ decline on earnings in a row -- something that had never happened for any stock in our Earnings Database dating back to 2001! Behind STMP, we saw Conduent (CNDT) and Puma Biotech (PBYI) both fall more than 38%, while Tenneco (TEN) fell 37.5%. Other notables on the list of biggest losers this past earnings season include Fluor (FLR), iRobot (IRBT), MarineMax (HZO), Sleep Number (SNBR), and 3D Systems (DDD). With every company on the list below experiencing a one-day drop of more than 17% recently, this is not a distinguished list that you want to be on if you're a publicly traded company! Start a two-week free trial to Bespoke Institutional to access our Earnings Explorer tool and everything else we have to offer.
Here are the scheduled earnings releases due out after the market close today and before the market open on Wednesday morning (5/22/19)- ($TGT $LOW $AAP $ADI $VFC $JWN $URBN $SE $TOL $PSTG $CM $CRMT $AFMD $PLAB $OOMA $SKY $ECC $GOGL $KLXE $TRNS $ARCE $PXS)
Here are the scheduled earnings releases due out after the market close today (5/22/19)- ($NTAP $CTRP $VIPS $ONVO $LB $SNPS $SCVL $CPRT $TARO $SBLK $HTHT $SQM $PLUS $MOD)
Here are the scheduled earnings releases due out before the market open on Thursday morning (5/23/19)- ($BBY $WB $MDT $TD $BJ $HRL $SINA $RY $TTC $TGP $CTRN $BRC $TK $TNK $ROLL $SSI $WMS $VIOT $LPG $PNTR $MBT $GASS)
Here are the scheduled earnings releases due out after the market close today and before the market open on Friday morning (5/24/19)- ($SPLK $FL $ADSK $INTU $HPE $ROST $HPQ $HIBB $DECK $DXC $BKE $KNOP $AMKBY $VSAT $GHG $LGF.A $NXGN $SVM $EDRY)
