Earnings 12/19-12/23

Nike Inc $105.95

Nike Inc (NKE) is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, December 20, 2022. The consensus earnings estimate is $0.66 per share on revenue of $12.54 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company’s earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 20.48% with revenue increasing by 10.42%. Short interest has decreased by 6.1% since the company’s last earnings release while the stock has drifted higher by 27.2% from its open following the earnings release to be 3.9% below its 200 day moving average of $110.30. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, December 14, 2022 there was some notable buying of 8,855 contracts of the $180.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 7.9% move on earnings and the stock has averaged a 8.3% move in recent quarters.

FedEx Corp. $171.72

FedEx Corp. (FDX) is confirmed to report earnings after the market closes on Tuesday, December 20, 2022. The consensus earnings estimate is $2.77 per share on revenue of $23.74 billion and the Earnings Whisper ® number is $2.74 per share. Investor sentiment going into the company’s earnings release has 36% expecting an earnings beat The company’s guidance was for earnings of at least $2.75 per share. Consensus estimates are for earnings to decline year-over-year by 42.65% with revenue increasing by 1.13%. Short interest has increased by 59.1% since the company’s last earnings release while the stock has drifted higher by 14.7% from its open following the earnings release to be 13.9% below its 200 day moving average of $199.40. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, December 14, 2022 there was some notable buying of 3,836 contracts of the $250.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 6.9% move on earnings and the stock has averaged a 5.3% move in recent quarters.

General Mills, Inc. $86.93

General Mills, Inc. (GIS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, December 20, 2022. The consensus earnings estimate is $1.06 per share on revenue of $5.17 billion and the Earnings Whisper ® number is $1.13 per share. Investor sentiment going into the company’s earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 7.07% with revenue increasing by 2.91%. Short interest has increased by 14.6% since the company’s last earnings release while the stock has drifted higher by 11.5% from its open following the earnings release to be 17.4% above its 200 day moving average of $74.07. Overall earnings estimates have been revised higher since the company’s last earnings release. On Monday, December 12, 2022 there was some notable buying of 25,154 contracts of the $90.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 4.4% move on earnings and the stock has averaged a 3.9% move in recent quarters.

Carnival Corp. $8.45

Carnival Corp. (CCL) is confirmed to report earnings at approximately 9:15 AM ET on Wednesday, December 21, 2022. The consensus estimate is for a loss of $0.89 per share on revenue of $3.97 billion and the Earnings Whisper ® number is ($0.92) per share. Investor sentiment going into the company’s earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 48.26% with revenue increasing by 208.47%. Short interest has increased by 30.8% since the company’s last earnings release while the stock has drifted sidways from its open following the earnings release to be 31.1% below its 200 day moving average of $12.26. Overall earnings estimates have been revised lower since the company’s last earnings release. On Friday, December 9, 2022 there was some notable buying of 34,059 contracts of the $4.00 put expiring on Friday, January 17, 2025. Option traders are pricing in a 10.6% move on earnings and the stock has averaged a 8.0% move in recent quarters.

Micron Technology, Inc. $52.07

Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, December 21, 2022. The consensus estimate is for a loss of $0.01 per share on revenue of $4.16 billion and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company’s earnings release has 56% expecting an earnings beat The company’s guidance was for results to range from a loss of $0.06 per share to earnings of $0.14 per share. Consensus estimates are for earnings to decline year-over-year by 100.48% with revenue decreasing by 45.88%. Short interest has decreased by 8.5% since the company’s last earnings release while the stock has drifted higher by 3.0% from its open following the earnings release to be 16.6% below its 200 day moving average of $62.44. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, December 7, 2022 there was some notable buying of 18,106 contracts of the $80.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 4.2% move in recent quarters.

Rite Aid Corp. $4.27

Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, December 21, 2022. The consensus estimate is for a loss of $0.31 per share on revenue of $5.94 billion and the Earnings Whisper ® number is ($0.28) per share. Investor sentiment going into the company’s earnings release has 67% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 306.67% with revenue decreasing by 4.64%. Short interest has decreased by 1.5% since the company’s last earnings release while the stock has drifted lower by 25.7% from its open following the earnings release to be 45.0% below its 200 day moving average of $7.77. Overall earnings estimates have been revised lower since the company’s last earnings release. On Friday, December 16, 2022 there was some notable buying of 6,359 contracts of the $6.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 15.7% move in recent quarters.

FuelCell Energy, Inc. $3.51

FuelCell Energy, Inc. (FCEL) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, December 20, 2022. The consensus estimate is for a loss of $0.07 per share on revenue of $43.81 million and the Earnings Whisper ® number is ($0.08) per share. Investor sentiment going into the company’s earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 214.39%. Short interest has decreased by 17.5% since the company’s last earnings release while the stock has drifted lower by 8.4% from its open following the earnings release to be 13.9% below its 200 day moving average of $4.08. Overall earnings estimates have been revised lower since the company’s last earnings release. On Tuesday, December 13, 2022 there was some notable buying of 2,519 contracts of the $4.00 call expiring on Friday, December 23, 2022. Option traders are pricing in a 16.4% move on earnings and the stock has averaged a 9.9% move in recent quarters.

CarMax, Inc. $61.44

CarMax, Inc. (KMX) is confirmed to report earnings at approximately 6:50 AM ET on Thursday, December 22, 2022. The consensus earnings estimate is $0.61 per share on revenue of $7.43 billion and the Earnings Whisper ® number is $0.59 per share. Investor sentiment going into the company’s earnings release has 7% expecting an earnings miss. Consensus estimates are for earnings to decline year-over-year by 60.13% with revenue decreasing by 12.87%. Short interest has increased by 31.1% since the company’s last earnings release while the stock has drifted lower by 16.7% from its open following the earnings release to be 28.3% below its 200 day moving average of $85.71. Overall earnings estimates have been revised lower since the company’s last earnings release. On Friday, December 16, 2022 there was some notable buying of 4,613 contracts of the $60.00 put expiring on Friday, December 23, 2022. Option traders are pricing in a 14.5% move on earnings and the stock has averaged a 11.2% move in recent quarters.

FactSet Research Systems, Inc. $428.38

FactSet Research Systems, Inc. (FDS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, December 20, 2022. The consensus earnings estimate is $3.60 per share on revenue of $510.17 million and the Earnings Whisper ® number is $3.59 per share. Investor sentiment going into the company’s earnings release has 58% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 10.77% with revenue increasing by 20.12%. Short interest has decreased by 21.2% since the company’s last earnings release while the stock has drifted higher by 3.7% from its open following the earnings release to be 3.7% above its 200 day moving average of $413.19. Overall earnings estimates have been revised higher since the company’s last earnings release. Option traders are pricing in a 5.7% move on earnings and the stock has averaged a 3.8% move in recent quarters.

Toro Company $112.01

Toro Company (TTC) is confirmed to report earnings at approximately 8:30 AM ET on Wednesday, December 21, 2022. The consensus earnings estimate is $1.11 per share on revenue of $1.17 billion and the Earnings Whisper ® number is $1.15 per share. Investor sentiment going into the company’s earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 98.21% with revenue increasing by 21.79%. Short interest has decreased by 12.1% since the company’s last earnings release while the stock has drifted higher by 33.5% from its open following the earnings release to be 24.9% above its 200 day moving average of $89.67. Overall earnings estimates have been revised higher since the company’s last earnings release. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 2.4% move in recent quarters.

5 Likes

Finally got some heavy hitters today. FDX and NKE.

FDX had EPS beat missed on revenue and basically everything they foreshadowed transpired. However it’s worth noting these companies that lower guidance and take a drop. Are more than likely going to be able to move up upon a beat of the lowered numbers. This is similar here. Investors become weary that it will be even more gloomy than expected. Could see some piling back in to this here. It is down over 30 percent on the year. I’d imagine lower deliveries had been priced in.

NKE I’m really looking forward to playing tomorrow as long as it trends like it was AH showed very little signs of letting up. If the market can not completely fuck this up in the morning. EPS beat and sales growth.

Revenue was up 17 percent YOY this is rather impressive comsidering 2021 was gang busters for any retail with a pulse.

Also stil have 16 billion in funds remaining in the 4 year share buyback program again bullish as they will continue to buyback shares.

One downside I found here was inventory increased. However this could be beneficial as well. Shows some signs that supply chain constriction could be loosening some in this segment. Leading to continued sales growth and more volume regulated growth.

3 Likes

NKE and FDX both moving with market being green UPS could be sympathy play off FDX.

1 Like