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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 latest earnings results are in! Today’s newsletter brings you a breakdown of the stocks that crushed their estimates, those that stumbled, and how today’s pre-hours reports are impacting the market. Stay tuned for the key numbers that could shape today’s trading session—these early announcements are crucial for positioning yourself for success.
Upcoming Earnings Reports to Watch
Here are some key companies releasing earnings before the market opens on Monday.
Commercial Metals Co (CMC)
EPS Estimate: $0.85, representing a -16.67% decrease from last year.
Revenue Forecast: $2.07B vs $2.08B reported a year ago.
Earnings Reaction History: In its last 6 reports, 5 of the next-day sessions were lower, including a -4.8% drop in January 2024. Regardless of direction, the stock averaged a post-earnings swing of -0.96%.
Factset Research Systems Inc (FDS)
EPS Estimate: $4.3, down -1.60 % compared to last year.
Revenue Forecast: $580.9M, up from $552.71M a year earlier.
Earnings Reaction History: In the last 6 reports, FDS 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 0.08%.
Jerash holdings (US) Inc (JRSH)
EPS Estimate: $0.04, showing a 116.0% year-over-year increase.
Revenue Forecast: $32.7M, up compared to last year’s $21.57M.
Earnings Reaction History: Of the past 5 earnings releases, JRSH rose in 3 of them, with a standout 2.57% jump in February 2024. Post-earnings volatility averaged 0.09%.
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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 |
KBH | $1.47 | $1.51B | 45.0 |
WOR | $0.84 | $301.44M | 53.0 |
ATEX | -$0.48 | $1.71M | 45.0 |
Top Beats in the last 5 Days
Here are the top earnings beats from recent reports:
Carmax Inc (KMX)
EPS: $1.38, reflecting a positive earnings surprise of 18.87%.
Revenue: $7.55B, beating estimates by 0.56%.
Market Reaction: KMX stock price rose by 6.59% following the report.
Coda Octopus Group Inc (CODA)
EPS: $0.08, exceeding expectations by 166.67%.
Revenue: $7.02M, surpassing estimates by 57.17%.
Market Reaction: CODA stock price increased by 2.19% after the announcement.
Tsakos Energy Navigation Limited (TEN)
EPS: $0.92, beating estimates by 91.91%.
Revenue: $160.99M, exceeding expectations by 4.88%.
Market Reaction: TEN shares rose by 8.73% 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 Friday’s top earnings miss:
PowerFleet Inc (AIOT)
EPS: -$0.09, underperforming estimates by -350.00%.
Revenue: $103.64M, coming in 0.05% above analyst projections.
Market Reaction: AIOT shares rise 11.91% following the earnings release.
Kirkland's Inc (KIRK)
EPS: -$0.51, missing analyst estimates by -8.51%.
Revenue: $81.50M, slightly under the target by -4.74%.
Market Reaction: Post earnings, KIRK stock delined 14.17%.
The Aftermath of Earnings Day!
The market is an ever-evolving beast, and today's earnings reports have already set the tone for tomorrow’s moves. How will you position yourself? As the bell rings on another day, don’t forget to revisit these key reports and prepare for the next wave of opportunities. We'll see you on the other side of the earnings jungle!
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Till next time,
Stocks Telegraph Team
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