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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).
Welcome to the earnings roller coaster, where stock prices can swing up or down in an instant. Who’s enjoying the ride with stellar earnings, and who’s barely hanging on? In today’s newsletter, we spotlight the day’s top performers and the companies that missed the mark. Earnings reports are your chance to get a real-time read on the market’s health—and position yourself accordingly. With today’s pre-hours earnings announcements setting the stage, today’s movements could set the tone for the rest of the day. So buckle up, it’s going to be a wild ride!
Major Earnings Before Opening Bell
Here are some key companies releasing earnings before the market opens on Tuesday.
NIO Inc ADR (NIO)
EPS Estimate: -$2.66, representing a -11.29% decrease from last year.
Revenue Forecast: $12.46B vs $9.91B reported a year ago.
Earnings Reaction History: In its last 5 reports, 4 of the next-day sessions were higher, including a 5.29% pop in March 2024. Regardless of direction, the stock averaged a post-earnings swing of 2.51%.
Dollar General Corp (DG)
EPS Estimate: $1.49, down -9.69% compared to last year.
Revenue Forecast: $10.29B, up from $9.91B a year earlier.
Earnings Reaction History: In the last 6 reports, DG 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 -0.05%.
Ferguson Enterprises Inc (FERG)
EPS Estimate: $2.02, showing a -12.93% year-over-year decrease.
Revenue Forecast: $7.43B, up compared to last year’s $ 7.31 B.
Earnings Reaction History: Of the past 6 earnings releases, FERG rose in 4 of them, with a standout 2.33% jump in June 2024. Post-earnings volatility averaged 0.32%.
Upcoming Earnings Reports
Below is a list of notable companies reporting earnings today.
Ticker | EPS Forecast | Revenue Forecast | ST Score |
CTRN | -$0.19 | $195.76M | 45.0 |
CRWD | $0.66 | $1.11B | 46.0 |
NESR | $0.2 | $308.32M | 45.0 |
HPE | $0.33 | $7.5B | 40.0 |
GWRE | $0.47 | $286.39M | 52.0 |
Monday's Top Beats
Here are the top earnings beats from recent reports:
Credo Technology Group Holding Ltd (CRDO)
EPS: $0.35, reflecting a positive earnings surprise of 27.84%.
Revenue: $170 M, beating estimates by 6.52%.
Market Reaction: CRDO stock price rose by 12.21% following the report.
Campbell’s Co (CPB)
EPS: $0.73, exceeding expectations by 11.64%.
Revenue: $2.48 B, surpassing estimates by 2.06%.
Market Reaction: CPB stock price increased by 0.62% after the announcement.
Monday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Monday’s top earnings miss:
Science Applications International Corp (SAIC)
EPS: $1.92, missing estimates by -9.26%.
Revenue: $1.88 B, falling short of expectations by 0.53%.
Market Reaction: SAIC stock price dropped by -13.26% post earnings release.
NuCana plc ADR (NCNA)
EPS: -$0.03, underperforming estimates by -100.0%.
Market Reaction: NCNA shares rise 6.84% following the earnings release.
What’s Next on Your Earnings Radar?
Today's reports may have reshuffled your watchlist, but tomorrow brings a whole new round of earnings updates. Use what you've learned today to fine-tune your strategy and prepare for what's next. Keep your radar up—there are always more market movers on the horizon!
Till next time,
Stocks Telegraph Team
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