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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).
The market is buzzing, and earnings are the fuel that drives stock prices. Are we about to see a breakout or a pullback? That depends on who’s delivering strong earnings today. In this issue, we break down the top beats and the biggest flops, giving you a clear picture of where the market could be headed. Earnings don’t just tell us about today—they help predict tomorrow. And with some major companies reporting before the bell, we’ll be keeping a close eye on what happens next. Get your trading strategy ready, because things could get interesting.
Upcoming Earnings Reports to Watch
Here are some key companies releasing earnings on Tuesday.
Carnival Corp (CCL)
EPS Estimate: $0.24, representing a 118.18% increase from last year.
Revenue Forecast: $6.21B vs $5.78B reported a year ago.
Earnings Reaction History: In its last 6 reports, 5 of the next-day sessions were lower, including a -4.94% drop in March 2024. Regardless of direction, the stock averaged a post-earnings swing of -1.71%.
TD Synnex Corp (SNX)
EPS Estimate: $2.72, down -0.36% compared to last year.
Revenue Forecast: $14.31B, up from $13.95B a year earlier.
Earnings Reaction History: In the last 6 reports, SNX stock climbed 4 times, with a notable 3.32% surge in March 2024. On average, earnings swings were around 0.76%.
BlackBerry Ltd (BB)
EPS Estimate: $0.01, showing a 133.33% year-over-year increase.
Revenue Forecast: $112.18M, down compared to last year’s $144M.
Earnings Reaction History: In the past 6 earnings releases, BB experienced an equal number of positive and negative post-earnings sessions. Despite this balance, the stock averaged a post-earnings volatility of 3.66%, indicating substantial price movements.
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Upcoming Earnings Reports
Below is a list of notable companies reporting earnings in coming days.
Ticker | EPS Forecast | Revenue Forecast | ST Score |
ATEX | -$0.48 | $1.71M | 45.0 |
FDX | $5.84 | $21.8B | 49.0 |
AVAV | $1.41 | $242.69M | 59.0 |
DAKT | $0.14 | $189.1M | 51.0 |
Monday's Top Beats
Here are the top earnings beats from recent reports:
Ennis Inc (EBF)
EPS: $0.38, reflecting a positive earnings surprise of 2.7%.
Revenue: $97.2M, missing estimates by -2.11%.
Market Reaction: EBF stock price rose by 4.22% following the report.
KB Home (KBH)
EPS: $1.50, exceeding expectations by 2.55%.
Revenue: $1.53B, surpassing estimates by 2.0%.
Market Reaction: KBH stock price decreased by -1.33% in the after-market trading after the announcement.
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Monday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Monday’s top earnings miss:
Jerash holdings (US) Inc (JRSH)
EPS: -$0.01, missing estimates by -200.0%.
Revenue: $29.25M, falling short of expectations by -5.19%.
Market Reaction: JRSH stock price dropped by -3.88% post earnings release.
Commercial Metals Co (CMC)
EPS: $0.74, underperforming estimates by -13.02%.
Revenue: $2.02B, coming in -0.98% below analyst projections.
Market Reaction: CMC shares rise 1.21% following the earnings release.
Did You Spot the Hidden Gems?
Earnings season is a treasure hunt, and today’s results may have unearthed some real gems. Whether it's a company quietly crushing estimates or a potential turnaround in the making, there’s always something more to uncover. Stick with us as we dig deeper into tomorrow’s earnings and keep you one step ahead!
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Till next time,
Stocks Telegraph Team
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