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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).
Why are earnings reports so crucial? Simple: they give us a clear window into how companies are really doing, not just what they want us to think. In today’s newsletter, we’re shining a spotlight on the earnings superstars who crushed expectations, and the companies that... well, let’s just say they ‘missed the mark.’
Whether you’re a short-term trader or a long-term investor, this info is gold for deciding your next move. Stick with us to see which stocks you should be watching pre-market today and in the days ahead. The smart money always keeps an eye on earnings—why wouldn’t you?
Major Earnings Before Opening Bell
Here are some key companies releasing earnings on Monday.
Motorcar Parts of America Inc (MPAA)
EPS Estimate: $0.2, representing a 33.33% increase from last year.
Revenue Forecast: $190.7M vs $189.48M reported a year ago.
Earnings Reaction History: In its last 6 reports, 6 of the next-day sessions were higher, including a 15.58% pop in February 2024. Regardless of direction, the stock averaged a post-earnings swing of 5.92%.
Graham Corp (GHM)
EPS Estimate: $0.19.
Revenue Forecast: $55.67M, up from $49.07M a year earlier.
Earnings Reaction History: In the last 6 reports, GHM stock climbed 5 times, with a notable 6.11% surge in June 2024. On average, earnings swings were around 2.95%.
Casey's General Stores, Inc. (CASY)
EPS Estimate: $1.92, showing a -17.95% year-over-year decrease.
Revenue Forecast: $3.93B, up compared to last year’s $3.6B.
Earnings Reaction History: In the past 6 earnings releases, CASY experienced an equal number of positive and negative post-earnings sessions. Despite this balance, the stock averaged a post-earnings volatility of 5.5%, indicating substantial price movements.
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Upcoming Earnings Reports
Below is a list of notable companies reporting earnings today.
Ticker | EPS Forecast | Revenue Forecast | ST Score |
CMTL | -$0.21 | $124.12M | 35.0 |
LAKE | $0.22 | $48.84M | 54.0 |
LMNR | -$0.01 | $38.7M | 41.0 |
CVGW | $0.53 | $192.75M | 52.0 |
AII | $2.85 | $67.98M | 47.0 |
Top Beats in the last 5 Days
Here are the top earnings beats from recent reports:
Manchester United Plc (MANU)
EPS: -$0.04, reflecting a positive earnings surprise of 83.18%.
Revenue: $218.01M, beating estimates by 2.7%.
Market Reaction: MANU stock price rose by 18.83% following the report.
Virco Manufacturing Corp (VIRC)
EPS: $0.05, exceeding expectations by 138.46%.
Revenue: $33.75M, failing expectations by -17.87%.
Market Reaction: VIRC stock price increased by 2.07% after the announcement.
Rent the Runway Inc (RENT)
EPS: -$6.15, beating estimates by 17.21%.
Revenue: $69.60M, surpassing expectations by 1.31%.
Market Reaction: RENT shares rose by 27.89% following the earnings report.
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Top Miss in the last 5 Days
While some companies exceeded expectations, others fell short. Here’s a look at top earnings miss in the last 5 days:
CIENA Corp (CIEN)
EPS: $0.42, missing estimates by -18.92%.
Revenue: $1.13B, exceeding expectations by 2.98%.
Market Reaction: CIEN stock price dropped by -12.92% post earnings release.
EuroDry Ltd (EDRY)
EPS: -$2.07, underperforming estimates by -74.68%.
Revenue: $9.21M, coming in -11.85% below analyst projections.
Market Reaction: EDRY shares declined -5.48% following the earnings release.
Children’s Place Inc (PLCE)
EPS: -$1.52, missing analyst estimates by -1.83K%.
Revenue: $242.13M, slightly under the target by -7.10%.
Market Reaction: Post earnings, PLCE stock decreased -22.89% in after-hours trading.
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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