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Welcome to today's earnings update! As the market kicks off with a new batch of quarterly results, we’re here to break down the biggest winners and those who fell short. Who’s beating the street and who’s missing the mark? Let’s dive into today’s top performers and disappointments, and don’t miss the impact of today’s pre-hours reports—these early announcements will set the tone for today’s trading.
Major Earnings Before Opening Bell
Here are some key companies releasing earnings before the market opens on Thursday.
HIVE Digital Technologies Ltd (HIVE)
EPS Estimate: -$0.12, representing a -300% decrease from last year.
Revenue Forecast: $31.47M vs $36.88M reported a year ago.
Earnings Reaction History: In its last 6 reports, 4 of the next-day sessions were lower, including a -10.88% drop in November 2024. Regardless of direction, the stock averaged a post-earnings swing of -4.16%.
Walgreens Boots Alliance Inc (WBA)
EPS Estimate: $0.34, down -46.03% compared to last year.
Revenue Forecast: $36.72B, up from $36.35B a year earlier.
Earnings Reaction History: In the last 6 reports, WBA 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 -0.61%.
McCormick & Co., Inc (MKC)
EPS Estimate: $0.65, showing a -5.8% year-over-year decrease.
Revenue Forecast: $1.66B, up compared to last year’s $1.64B.
Earnings Reaction History: Of the past 6 earnings releases, MKC rose in 4 of them, with a standout 4.29% jump in January 2024. Post-earnings volatility averaged 0.23%.
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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 |
AYI | $4.44 | $1.15B | 54.0 |
OESX | -$0.03 | $21.08M | 36.0 |
LNN | $1.4 | $157.9M | 64.0 |
NKE | $0.12 | $10.72B | 46.0 |
CNXC | $2.75 | $2.38B | 52.0 |
Wednesday's Top Beats
Here are the top earnings beats from recent reports:
Steelcase, Inc. (SCS)
EPS: $0.20, reflecting a positive earnings surprise of 48.15%.
Revenue: $779M, beating estimates by 2.18%.
Market Reaction: SCS stock price remained unchanged in after-market trading following the report.
MillerKnoll Inc (MLKN)
EPS: $0.60, exceeding expectations by 37.4%.
Revenue: $961.8M, surpassing estimates by 5.25%.
Market Reaction: MLKN stock price increased by 10.50% in after-hours trading after the announcement.
Worthington Steel Inc (WS)
EPS: $1.05, beating estimates by 27.27%.
Revenue: $832.9M, exceeding expectations by 4.05%.
Market Reaction: WS shares rose by 14.24% in after-market trading session following the earnings report.
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Wednesday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Wednesday’s top earnings miss:
Novagold Resources Inc (NG)
EPS: -$0.15, missing estimates by -275.29%.
Market Reaction: NG stock price dropped by -5.13% post earnings release.
Culp Inc (CULP)
EPS: -$0.17, underperforming estimates by -70.0%.
Revenue: $48.77M, coming in -6.93% below analyst projections.
Market Reaction: CULP shares declined -1.52% in after-market trading following the earnings release.
Jefferies Financial Group Inc (JEF)
EPS: $0.40, missing analyst estimates by -9.09%.
Revenue: $1.63B, slightly under the target by 4.49%.
Market Reaction: Post earnings, JEF stock decreased -2.54%.
Stay Ahead of the Curve!
Earnings season is always filled with surprises, but the real winners are those who can act swiftly on the latest data. Use these insights to adjust your strategies, and remember—each report is a stepping stone towards smarter investing. Keep your eyes on the prize, and we’ll be back with more market-moving updates!
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Till next time,
Stocks Telegraph Team
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