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This newsletter, The Earnings Edge, is your new go-to for fast, sharp insights on who’s crushing it this earnings season—and who’s flopping. But if this isn’t your thing, no worries. Just click the unsubscribe link at the bottom, and you’ll be removed from this new series (you’ll still get your regular updates from us).
Important earnings results are out, and the market is reacting fast. In this newsletter, we’ve got you covered with the top beats, the biggest misses, and a rundown of today’s pre-hours reports. Let’s see which stocks are making waves—and which are leaving investors disappointed. These early announcements will shape today’s trading session.
Major Earnings Before Opening Bell
Here are some key companies releasing earnings before the market opens on Thursday.
CIENA Corp (CIEN)
EPS Estimate: $0.52, representing a 92.59% increase from last year.
Revenue Forecast: $1.09B vs $910.83M reported a year ago.
Earnings Reaction History: In its last 6 reports, 4 of the next-day sessions were lower, including a -5.79% drop in June 2024. Regardless of direction, the stock averaged a post-earnings swing of -1.45%.
Victoria's Secret & Co (VSCO)
EPS Estimate: $0.28, down -30% compared to last year.
Revenue Forecast: $1.41B, down from $1.42B a year earlier.
Earnings Reaction History: In the last 6 reports, VSCO stock experienced a balanced mix of gains and losses the next day, with three sessions higher and three lower. On average, earnings swings were around -1.17%.
Toro Co (TTC)
EPS Estimate: $1.39, showing a -4.13% year-over-year decrease.
Revenue Forecast: $1.35B, unchanged compared to last year’s $1.35B.
Earnings Reaction History: Of the past 6 earnings releases, TTC rose in 5 of them, with a standout 5.35% jump in June 2024. Post-earnings volatility averaged 1.64%.
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Upcoming Earnings Reports
Below is a list of notable companies reporting earnings today.
Ticker | EPS Forecast | Revenue Forecast | ST Score |
IOT | $0.06 | $351.44M | 43.0 |
LE | -$0.19 | $272.6M | 45.0 |
CBRL | $0.21 | $822.43M | 51.0 |
AVGO | $1.57 | $14.97B | 52.0 |
WOOF | -$0.01 | $1.5B | 52.0 |
Wednesday's Top Beats
Here are the top earnings beats from recent reports:
Verint Systems, Inc. (VRNT)
EPS: $0.29, reflecting a positive earnings surprise of 123.08%.
Revenue: $173.62 M, missing estimates by -10.8%.
Market Reaction: VRNT stock price rose by 19.17% in after-market trading following the report.
Planet Labs PBC (PL)
EPS: $0.00, exceeding expectations by 100.0%.
Revenue: $66.27M, surpassing estimates by 6.44%.
Market Reaction: PL stock price increased by 14.03% in after-hours trading after the announcement.
MongoDB Inc (MDB)
EPS: $1.00, beating estimates by 52.41%.
Revenue: $549.01M, exceeding expectations by 3.96%.
Market Reaction: MDB shares rose by 14.60% following the earnings report.
Wednesday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Wednesday’s top earnings miss:
VersaBank (VBNK)
EPS: $0.19, missing estimates by -6.72%.
Revenue: $22.05M, exceeding expectations by 2.26%.
Market Reaction: VBNK stock price dropped by -6.49% post earnings release.
PVH Corp (PVH)
EPS: -$0.88, underperforming estimates by -139.48%.
Revenue: $1.98B, coming in 2.53% above analyst projections.
Market Reaction: PVH shares dipped -7.41% in after-hours trading following the earnings release.
Webster Financial Corporation (WBS)
EPS: $1.32, missing analyst estimates by -4.72%.
Revenue: $704.80M, slightly under the target by -0.24%.
Market Reaction: Post earnings, WBS stock declined -0.40%.
The Numbers Don’t Lie!
Missed earnings can be lessons in disguise, while beats can set the stage for bullish momentum. Take this knowledge, apply it to your strategy, and continue to build a portfolio that's ready for whatever the market throws your way. Stay tuned for more updates on the biggest winners and losers of the week!
Till next time,
Stocks Telegraph Team
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