Earnings Dec 5th-9th

Research & Analysis
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Costco Wholesale Corp.

Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 8, 2022. The consensus earnings estimate is $3.14 per share on revenue of $54.81 billion and the Earnings Whisper ® number is $3.25 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 5.72% with revenue increasing by 8.83%. Short interest has increased by 12.7% since the company’s last earnings release while the stock has drifted higher by 3.3% from its open following the earnings release to be 3.2% below its 200 day moving average of $511.02. Overall earnings estimates have been revised lower since the company’s last earnings release. On Tuesday, November 22, 2022 there was some notable buying of 3,822 contracts of the $585.00 call expiring on Friday, December 16, 2022. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 3.2% move in recent quarters.

AutoZone, Inc. -

AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, December 6, 2022. The consensus earnings estimate is $25.59 per share on revenue of $3.86 billion and the Earnings Whisper ® number is $25.91 per share. Investor sentiment going into the company’s earnings release has 63% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.39% with revenue increasing by 5.21%. Short interest has decreased by 20.9% since the company’s last earnings release while the stock has drifted higher by 16.7% from its open following the earnings release to be 20.0% above its 200 day moving average of $2,142.26. Overall earnings estimates have been revised higher since the company’s last earnings release. Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 4.1% move in recent quarters.

Veru Inc. $5.50

Veru Inc. (VERU) is confirmed to report earnings at approximately 6:30 AM ET on Monday, December 5, 2022. The consensus estimate is for a loss of $0.29 per share on revenue of $11.55 million. Investor sentiment going into the company’s earnings release has 49% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 480.00% with revenue decreasing by 26.18%. Short interest has decreased by 26.0% since the company’s last earnings release while the stock has drifted lower by 61.3% from its open following the earnings release to be 50.2% below its 200 day moving average of $11.04. Overall earnings estimates have been revised lower since the company’s last earnings release. On Tuesday, November 8, 2022 there was some notable buying of 3,003 contracts of the $17.50 call expiring on Friday, January 20, 2023. Option traders are pricing in a 30.9% move on earnings and the stock has averaged a 10.6% move in recent quarters.

lululemon athletica inc. $385.99

lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, December 8, 2022. The consensus earnings estimate is $1.95 per share on revenue of $1.81 billion and the Earnings Whisper ® number is $2.07 per share. Investor sentiment going into the company’s earnings release has 79% expecting an earnings beat The company’s guidance was for earnings of $1.90 to $1.95 per share. Consensus estimates are for year-over-year earnings growth of 20.37% with revenue increasing by 24.79%. Short interest has increased by 8.7% since the company’s last earnings release while the stock has drifted higher by 18.3% from its open following the earnings release to be 22.0% above its 200 day moving average of $316.42. Overall earnings estimates have been revised higher since the company’s last earnings release. On Wednesday, November 9, 2022 there was some notable buying of 1,470 contracts of the $360.00 call and 1,406 contracts of the $260.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 7.5% move on earnings and the stock has averaged a 5.5% move in recent quarters.

DocuSign $46.60

DocuSign (DOCU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, December 8, 2022. The consensus earnings estimate is $0.42 per share on revenue of $626.93 million and the Earnings Whisper ® number is $0.44 per share. Investor sentiment going into the company’s earnings release has 41% expecting an earnings beat The company’s guidance was for revenue of $624.00 million to $628.00 million. Consensus estimates are for earnings to decline year-over-year by 16.00% with revenue increasing by 14.94%. Short interest has decreased by 27.3% since the company’s last earnings release while the stock has drifted lower by 29.2% from its open following the earnings release to be 33.9% below its 200 day moving average of $70.53. Overall earnings estimates have been revised higher since the company’s last earnings release. On Wednesday, November 30, 2022 there was some notable buying of 13,215 contracts of the $110.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 16.9% move on earnings and the stock has averaged a 20.4% move in recent quarters.

GameStop Corp. $27.52

GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 7, 2022. The consensus estimate is for a loss of $0.29 per share on revenue of $1.35 billion and the Earnings Whisper ® number is ($0.32) per share. Investor sentiment going into the company’s earnings release has 50% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 16.55% with revenue increasing by 4.12%. Short interest has increased by 2.6% since the company’s last earnings release while the stock has drifted higher by 10.1% from its open following the earnings release to be 9.5% below its 200 day moving average of $30.40. Overall earnings estimates have been revised lower since the company’s last earnings release. On Tuesday, November 22, 2022 there was some notable buying of 8,924 contracts of the $30.00 put expiring on Friday, December 16, 2022. Option traders are pricing in a 12.2% move on earnings and the stock has averaged a 9.8% move in recent quarters.

MongoDB, Inc. $160.17

MongoDB, Inc. (MDB) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 6, 2022. The consensus estimate is for a loss of $0.17 per share on revenue of $303.48 million and the Earnings Whisper ® number is ($0.14) per share. Investor sentiment going into the company’s earnings release has 56% expecting an earnings beat The company’s guidance was for a loss of $0.19 to $0.16 per share on revenue of $300.00 million to $303.00 million. Consensus estimates are for year-over-year earnings growth of 22.73% with revenue increasing by 33.75%. Short interest has increased by 10.2% since the company’s last earnings release while the stock has drifted lower by 40.0% from its open following the earnings release to be 43.2% below its 200 day moving average of $282.21. Overall earnings estimates have been revised lower since the company’s last earnings release. On Monday, November 7, 2022 there was some notable buying of 3,617 contracts of the $210.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 17.4% move on earnings and the stock has averaged a 20.3% move in recent quarters.

Science Applications International Corporation $109.26

Science Applications International Corporation (SAIC) is confirmed to report earnings at approximately 7:00 AM ET on Monday, December 5, 2022. The consensus earnings estimate is $1.74 per share on revenue of $1.87 billion and the Earnings Whisper ® number is $1.82 per share. Investor sentiment going into the company’s earnings release has 39% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.95% with revenue decreasing by 1.48%. Short interest has decreased by 4.1% since the company’s last earnings release while the stock has drifted higher by 18.0% from its open following the earnings release to be 17.0% above its 200 day moving average of $93.39. Overall earnings estimates have been revised lower since the company’s last earnings release. On Monday, November 21, 2022 there was some notable buying of 509 contracts of the $115.00 call expiring on Friday, December 16, 2022. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 3.2% move in recent quarters.

DLH Holdings Corp. $13.43

DLH Holdings Corp. (DLHC) is confirmed to report earnings at approximately 8:00 AM ET on Monday, December 5, 2022. The consensus earnings estimate is $0.25 per share on revenue of $67.00 million. Investor sentiment going into the company’s earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 7.41% with revenue increasing by 2.79%. Short interest has decreased by 65.4% since the company’s last earnings release while the stock has drifted lower by 26.5% from its open following the earnings release. Overall earnings estimates have been revised lower since the company’s last earnings release.

Broadcom Limited $540.80

Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, December 8, 2022. The consensus earnings estimate is $10.28 per share on revenue of $8.90 billion and the Earnings Whisper ® number is $10.36 per share. Investor sentiment going into the company’s earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 28.82% with revenue increasing by 20.16%. Short interest has increased by 7.9% since the company’s last earnings release while the stock has drifted higher by 4.4% from its open following the earnings release to be 2.0% above its 200 day moving average of $529.99. Overall earnings estimates have been revised higher since the company’s last earnings release. On Tuesday, November 22, 2022 there was some notable buying of 6,094 contracts of the $580.00 call expiring on Friday, January 20, 2023. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 3.3% move in recent quarters.

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opinions on if autozone follows the same as advanced auto parts?? it tanked for their earnings

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GTLB beat EPS had revenue growth and and upped guidance. Have watched their last few quarters and has ran a decent amount post earnings. Likely playing this tomorrow. They have monthlies So have some time before expiry.

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GTLB looked soft premarket today. But held up to broader market some. Then pushed up this could end up good play as even if SPY was flat I think GTLB would have continued up. SIG was way stronger. Premarket and held up most of the day. I didn’t get in either as premarket scared me out of GTLB and missed SIG.

MDB had big time beat. Revenue growth was huge YOY and customer growth which was what hurt ZS in their print was up a lot. This should show continued growth in not just new sales but profitablitly as well.

Third Quarter Fiscal 2023 Total Revenue of $333.6 million, up 47% Year-over-Year

Continued Strong Customer Growth with Over 39,100 Customers as of October 31, 2022

MongoDB Atlas Revenue up 61% Year-over-Year; 63% of Total Q3 Revenue

It ran a lot AH however their last report they were trading at 300 level so even after the run they are significantly beaten down. And showing growth in the current state of the world has largely been viewed as a positive. As most are retracting. Also guided up and gave full year guidance should have some adjusted PTs in the morning but most are already above where it’s currently sitting.

CASY had yet another beat. Low volume and not a lot of OI but PTs above where it’s been. So not sure here.

Going to watch ASO in the morning has beat several quarters in a row. And retail has been reporting strong. DKS had big time move so this will definitely be one on my premarket list. They don’t report til the AM.

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ASO beat but sales down call at 10. Initial reaction was down. But announced Divi little one. Probably crossing this off unless pumps after call.

CPB- beat all around and upped guidance but at its high.

MDB still favorite but dropping premarket so far some PT raises and a few lowers but most still pretty high

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yea I am not liking any of them so far. COST DOCU and CHWY are thursday evening so might wait for those unless we see good movement. Have PPI friday at 8:30am too so that might be a good day to see that data and watch these earnings and market and that should give us a good play. And SPY…

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With how volatile $SPY is we’re probably going to see earnings plays follow it downward. This does often create an opportunity where tickers will run hard after the volatility dies down but going in too early can be an issue. So just be wary on things like $MDB

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Conq is a hundred percent accurate here. I’ve spent better part of this year watching and only playing POST ER plays. And the most important thing I’ve found is the moving against SPY. And watching them premarket is the most telling sign. I’ve had most success on Premarket reports as opposed to when a stock such as MDB moves 25 percent overnight. The institutions that were in at 140 undoubtedly are going to take profit like any of us. Except times that by millions there were several hundred thousand share candles at open. They could really think MDB is a good investment locked up the return at open and reentered at 168. But that’s a huge return for them. So we need to watch these big moves overnight.

There were several good plays today. ASO CASY TOL MDB ended up good play from the bounce. Also a lot of multi day movers that can be swung for even bigger gains. SIG would have been huge play from yesterday.

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Testing. I love Conq

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LULU- looks like they beat on both.

Sales on increased 14 percent they were expecting 19 percent.

Also looks like inventory was up 85 percent. Could be the negative reaction.

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Finished reading the LULU really would be surprised if this doesnt recover they had a really strong quarter by the numbers.

  • Net revenue increased 28% to $1.9 billion, or increased 31% on a constant dollar basis.
    • Net revenue increased 26% in North America, and increased 41% internationally.
  • Total comparable sales increased 22%, or 25% on a constant dollar basis.
    • Comparable store sales increased 14%, or 17% on a constant dollar basis.
    • Direct to consumer net revenue increased 31%, or 34% on a constant dollar basis.
  • Direct to consumer net revenue represented 41% of total net revenue compared to 40% for the third quarter of 2021.
  • Gross profit increased 25% to $1.0 billion and gross margin decreased 130 basis points to 55.9%.
  • Income from operations increased 37% to $352.4 million. Adjusted income from operations increased 25%.
  • Operating margin increased 120 basis points to 19.0%. Adjusted operating margin decreased 40 basis points.
  • Income tax expense increased 39% to $97.3 million. The effective tax rate for the third quarter of 2022 was 27.6% compared to 27.2% for the third quarter of 2021. The adjusted effective tax rate was 25.1% for the third quarter of 2021.
  • Diluted earnings per share were $2.00 compared to $1.44 in the third quarter of 2021. Adjusted diluted earnings per share were $1.62 in the third quarter of 2021.
  • The Company repurchased 54.6 thousand shares of its own common stock at an average price of $311.21 per share for a total cost of $17.0 million.
  • The Company opened 23 net new company-operated stores during the third quarter, ending with 623 stores.

For the third quarter of 2022, compared to the third quarter of 2019:

  • Net revenue increased by $940.8 million, or 103%, representing a three-year compound annual growth rate of 27%.
  • Gross margin increased 80 basis points.
  • Operating margin decreased 20 basis points.
  • Diluted earnings per share were $2.00 compared to $0.96 in the third quarter of 2019.

AVGO- Beat all around had their best EPS of the year. I like this one a lot has been really strong in afterhours so far. Also announced a Divi of 4.60 payable to share holders of record on Dec 20th. Upped their guidance.

Announced they will resume buyback with 13 Billion authorized.

  • Cash from operations of $4,583 million for the fourth quarter, less capital expenditures of $122 million, resulted in $4,461 million of free cash flow, or 50 percent of revenue
  • Quarterly common stock dividend increased by 12 percent to $4.60 from the prior quarter
  • Revenue of $8,930 million for the fourth quarter, up 21 percent from the prior year period
  • GAAP net income of $3,359 million for the fourth quarter; Adjusted EBITDA of $5,722 million for the fourth quarter
  • GAAP diluted EPS of $7.83 for the fourth quarter; Non-GAAP diluted EPS of $10.45 for the fourth quarter
  • First quarter revenue guidance of approximately $8.9 billion, an increase of 16 percent from the prior year period
  • First quarter Adjusted EBITDA guidance of approximately 63 percent of projected revenue (1 )
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