Valhalla’s Most Anticipated Earnings / October 10th 2022

[Ticown]

[color=#d4a218]PepsiCo, Inc., ($PEP)[/color]
PepsiCo, Inc., ($PEP) is confirmed to report earnings at approximately 6:00 AM EST on Wednesday 12th. The consensus estimate by the Earnings Whisper is for $1.84 per share on a revenue of $20.72 billion. PEP reported 2nd Quarter June 2022 earnings of $1.86 per share on revenue of $20.2 billion. Revenue grew 5.2% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 40% expecting an earnings beat. Short interest is considered to be healthy with 0.85% of the float being sold short. The stock has drifted lower by 3.74% from its open following the earnings release. Option traders are pricing in a 3.3% move on earnings.

[color=#d4a218]Walgreens Boots Alliance Inc, ($WBA)[/color]
Walgreens Boots Alliance Inc, ($WBA) is confirmed to report earnings at approximately 7:00 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $0.78 per share on a revenue of $32.12 billion. WBA reported 3rd Quarter May 2022 earnings of $0.96 per share on revenue of $32.6 billion. Revenue fell 4.2% compared to the same quarter a year ago. Investor sentiment going into the company’s earnings release has 61% expecting an earnings beat. Short interest is considered to be healthy with 3.16% of the float being sold short. The stock has drifted lower by 9.24% from its open following the earnings release. Option traders are pricing in a 6.1% move on earnings.

[color=#d4a218]Taiwan Semiconductor Manufacturing Company Limited, ($TSM)[/color]
Taiwan Semiconductor Manufacturing Company Limited, ($TSM) is confirmed to report earnings at approximately 5:00 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $1.66 per share on a revenue of $19.91 billion. TSM reported 2nd Quarter June 2022 earnings of $1.55 per share on revenue of $18.2 billion. Revenue grew 36.6% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 78% expecting an earnings beat. Short interest is considered to be healthy with 0.41% of the float being sold short. The stock has drifted lower by 15.25% from its open following the earnings release. Option traders are pricing in a 5.9% move on earnings.

[color=#d4a218]Progressive Corp., ($PGR)[/color]
Progressive Corp., ($PGR) is confirmed to report earnings at approximately 8:15 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $1.54 per share on a revenue of $13.47 billion. PGR reported 2nd Quarter June 2022 earnings of $0.95 per share on revenue of $11.5 billion. Revenue fell 3.2% compared to the same quarter a year ago. Investor sentiment going into the company’s earnings release has 75% expecting an earnings beat. Short interest is considered to be healthy with 0.75% of the float being sold short. The stock has drifted lower by 2.64% from its open following the earnings release. Option traders are pricing in a 5.0% move on earnings.

[color=#d4a218]Delta Air Lines, Inc., ($DAL)[/color]
Delta Air Lines, Inc., ($DAL) is confirmed to report earnings at approximately 6:30 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $1.58 per share on a revenue of $12.91 billion. DAL reported 2nd Quarter June 2022 earnings of $1.44 per share on revenue of $13.8 billion. Revenue grew 94.0% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 56% expecting an earnings beat. Short interest is considered to be healthy with 2.65% of the float being sold short. The stock has drifted lower by 8.53% from its open following the earnings release. Option traders are pricing in a 7.4% move on earnings.

[color=#d4a218]Commercial Metals Company, ($CMC)[/color]
Commercial Metals Company, ($CMC) is confirmed to report earnings at approximately 6:45 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $2.23 per share on a revenue of $2.42 billion. CMC reported 3rd Quarter May 2022 earnings of $2.61 per share on revenue of $2.5 billion. Revenue grew 36.4% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 70% expecting an earnings beat. Short interest is considered to be healthy with 2.87% of the float being sold short. The stock has drifted lower by 3.53% from its open following the earnings release. Option traders are pricing in a 7.8% move on earnings.

[color=#d4a218]Fastenal Co., ($FAST)[/color]
Fastenal Co., ($FAST) is confirmed to report earnings at approximately 6:50 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $0.48 per share on a revenue of $1.79 billion. FAST reported 2nd Quarter June 2022 earnings of $0.50 per share on revenue of $1.8 billion. Revenue grew 18.0% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 23% expecting an earnings beat. Short interest is considered to be healthy with 2.26% of the float being sold short. The stock has drifted lower by 6.56% from its open following the earnings release. Option traders are pricing in a 5.9% move on earnings.

[color=#d4a218]Domino’s Pizza, Inc., ($DPZ)[/color]
Domino’s Pizza, Inc., ($DPZ) is confirmed to report earnings at approximately 7:30 AM EST on Thursday 13th. The consensus estimate by the Earnings Whisper is for $2.96 per share on a revenue of $1.07 billion. DPZ reported 2nd Quarter June 2022 earnings of $2.82 per share on revenue of $1.1 billion. Revenue grew 3.2% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 41% expecting an earnings beat. Short interest is considered to be healthy with 4.21% of the float being sold short. The stock has drifted lower by 14.45% from its open following the earnings release. Option traders are pricing in a 6.7% move on earnings.

[color=#d4a218]UnitedHealth Group, Inc., ($UNH)[/color]
UnitedHealth Group, Inc., ($UNH) is confirmed to report earnings at approximately 5:55 AM EST on Friday 14th. The consensus estimate by the Earnings Whisper is for $5.45 per share on a revenue of $80.52 billion. UNH reported 2nd Quarter June 2022 earnings of $5.57 per share on revenue of $80.3 billion. Revenue grew 12.6% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 45% expecting an earnings beat. Short interest is considered to be healthy with 0.54% of the float being sold short. The stock has drifted lower by 1.31% from its open following the earnings release. Option traders are pricing in a 4.2% move on earnings.

[dibbles]

Friday will be interesting. Lots of big financial players. JP Morgan, CITI, Wells Fargo…

[PaperhandsJB]

Likely will be playing Pepsi dominos and Walgreens this week. Will update in the am.

[jjcox82]

Ill probably play Pepsi tomorrow as well. Also kind of interested in DAL this week finally back to some big names.

[TheMadBeaker]

Looks like Pepsi was a big beat with increased guidance.

PepsiCo hikes forecast after higher pricing helps boost revenue

For 2022, the company now expects organic revenue growth of 12%, up from 10%. It expects core constant currency earnings per share growth of 10%, up from 8%.

For its Frito-Lay North America division, the company said revenue rose 20% in the quarter despite a dip in volume. Quaker Food North America’s revenue also rose 15% despite a decline in volume. PepsiCo Beverages North America’s revenue increased 4% on slightly higher volume.

In its European unit, PepsiCo saw revenue increase 1% despite lower volumes. Africa, Middle East and South Asia saw a 4% increase in revenue on lower volume in foods and higher volume in drinks. Revenue for the unit encompassing Asia Pacific and China rose 3% on stronger volume in both food and drinks.

PepsiCo has previously said it expected its costs to continue rising in the second half of this year. In response, the company has said it was accelerating its cost management initiatives, including using smaller sizes for its variety packs.

For the period ended Sept. 3, PepsiCo’s net income was $2.7 billion, up from $2.22 billion a year ago. Total revenue rose to $21.97 billion, up 9% from $20.19 billion a year ago.

[jjcox82]

Pretty much as good as could ask for from PEP revenue beat EPS beat and upgraded guidance.

Watch numbers coming out this morning if it’s green market I’ll be looking at 170c if end up with a position here I’ll be out of it before FOMC minutes come out.

[jjcox82]

I am neutral on PPI numbers had intial algo drop on a bit bump but mostly flat numbers. PEP has very minimal drop so looks resilient to the market which means even with chop it should be bullish.

Unless some drastic sell off occurs which seems unlikely. This means as SPY moves up it works as extra fuel to this bullish earnings. Play JB support and resistance numbers as always

170c is strike I’ll be after usually watch the IV at open as well as the support levels

[jjcox82]

Anyone know what in the actual hell Duck Creek Technologies is ? It was a beat it seems up 7 percent as of now. Was trading at 44 dollars a year ago. So I’d have to look more into this before I considered it.

Tomorrow morning should be fun. Progressive Walgreens Blackrock and Delta are all ones I’ll be watching when I wake up.

Walgreens could give some sympathy with CVS

Same with DAL with AAL, UAL and ALK are the big ones.

I’ll pick which one I’m playing based upon which way the market moves after CPI release. Example if it’s bullish CPI movement I’ll look for one that beat to further push it. If CPI is bearish I’ll play one that had a miss or bad guidance. This will further enhance the movement it seems. If it’s neutral CPI then we will have to our best to breakdown the earnings in the morning after release. Sometimes the sympathy moves are as good as the actually tickers. But should at very least foreshadow most of the others earnings next week.

[rexxxar]

75.495M float.

[PaperhandsJB]

Will call out support and resistance for Walgreens dominos pizza and delta. Look to also play CVS, AAL, and maybe papa johns as mentioned by @jjcox82 sympathy movements pay better than company with earnings sometimes because you don’t get IV crush as much and can be less risky imo but will have to watch after open.

[asifp82]

I am looking at Morgan Stanley on Friday. I think traditional banks will make more money in a high interest environment, but banks more reliant on investment banking and deal activity might put forward a poor outlook

[jjcox82]

Your telling factor here could come tomorrow morning via Blackrock as far as investment segment goes. However none of us know slightest how they run their portfolios they may have been way ahead of game and banked on being short for this whole quarter.

[bigglyoptionoligist]

So I did a little DD on them and grabbed outs for run up. Ditched the bitch for a very small gain. I expect they have a lot priced in given JPOW met with them specifically last year when Russia n Ukraine started. They have plenty of negative effects to them like their Russian investments, crypto, etc. expected to MISS on ER but with CPI dropping it was too risky for me to hold. Enough of that shit, as for banks I will be looking at GS. Feel they have room to fall but depending on tomorrow may look further out puts. Cheers good stuff

[TheMadBeaker]

Delta Air Lines Q3 EPS $1.51 Misses $1.53 Estimate, Sales $12.80B Miss $12.91B Estimate

Delta said Hurricane Ian, which led to mass flight cancellation last month, hurt earnings by three cents a share.

Strong travel demand, however, helped the Atlanta-based carrier generate its highest-ever quarterly revenue in the third quarter.

Delta expects its revenue in the fourth quarter to be up as much as 9% from the same period in 2019, translating into an adjusted profit of $1-$1.25 per share. That’s higher than a profit of 79 cents a share expected by analysts in a Refinitiv survey.

In an interview, Chief Executive Ed Bastian said a shift in consumer spending from goods to services is driving travel recovery. With consumers’ finances still “quite healthy,” he doesn’t expect a letup in travel demand.

“We’re seeing in the bookings some very strong demand signals,” Bastian told Reuters.

[TheMadBeaker]

TSMC Q3 EPS $1.79 Beats $1.69 Estimate, Sales $20.23B Beat $19.91B Estimate

Taiwan’s Tsmc Says 2023 Is Growth Year For Company

Full Press Release PDF

In the third quarter, revenue increased 14.8% quarter over-quarter, supported by strong demand for our industry-leading 5nm technologies.

By technology, 5nm process technology contributed 28% of total wafer revenue in 3Q22 while 7nm accounted for 26%. Advanced technologies (7nm and below) accounted for 54% of total wafer revenue.

By platform, Smartphone and HPC represented 41% and 39% of net revenue respectively, while IoT, Automotive, DCE, and Others each represented 10%, 5%, 2%, and 3%.

Sequentially, revenue from Smartphone, HPC, IoT, Automotive, and Others increased 25%, 4%, 33%, 15%, and 10% respectively, while DCE decreased 2%.

From a geographic perspective, revenue from customers based in North America accounted for 72% of total net revenue, while revenue from Asia Pacific, China, EMEA (Europe, Middle East, and Africa) and Japan accounted for 10%, 8%, 5%, and 5% of total net revenue respectively.

[TheMadBeaker]

Walgreens beats sales expectations, as it expands its health-care business

• Earnings per share: 80 cents, adjusted, vs. 77 cents expected
• Revenue: $32.45 billion vs. $32.09 billion expected

Walgreens Boots Alliance on Thursday exceeded fiscal fourth quarter sales and earnings expectations, as the drugstore chain turns itself into a more health-care focused company.

The company said it anticipates full-year adjusted earnings per share of $4.45 to $4.65 in the coming fiscal year, which is about in line with what Wall Street expected. Yet Walgreens said its business growth will face tough comparisons as it laps strong demand for Covid vaccines and gets hits by the strength of the dollar.

Sales declined from the previous year’s quarter. Including certain costs, Walgreens swung to a loss in the three-month period. Its net loss was $415 million, or 48 cents per share, compared with a net income of $627 million, or 72 cents per share, a year earlier.

The company said its profits took a hit from a non-cash impairment charge in its Boots UK business and from its long-term cost management program. A year ago, Walgreens laid out a cost savings goal of $3.3 billion by 2024.

Walgreens has made significant investments to transform from a major drugstore chain to a large health-care company. It is opening hundreds of doctor offices with VillageMD. It invested $5.2 billion to become majority owner of the primary-care company. It recently announced plans to accelerate acquisitions of two other companies: CareCentrix, which coordinates care and benefits for at-home care, and Shields Health Solutions, a specialty pharmacy company.

[jjcox82]

Blackrock was a beat on their EPS pretty healthy beat at that. Down versus same quarter last year but they were well above guidance for this quarter. As you are watching for JPM tomorrow.

[jjcox82]

DPZ is currently up big in PM 9 percent right now. EPS miss but revenue growth

Global retail sales growth (excluding foreign currency impact) of 4.7%

U.S. same store sales growth of 2.0%

International same store sales decline (excluding foreign currency impact) of 1.8%

Global net store growth of 225

Diluted EPS down 13.9% to $2.79

They were down YOY but showed some growth it seems. It is down 15 percent over the last 3 months and 30 percent over last year.

WSJ average PT of 392

[TheMadBeaker]

All the results from PM earnings:

[PaperhandsJB]

At this point most are red. If you are playing puts on bad earnings prob want to wait for a recovery or push back up to play it safe. Most advice taking profit at open. I will be watching DPZ and closer PZZA for a support bounce and may try calls on PZZA based on decent earnings from Dominos. The options are dated Oct 21 so this may be a longer play. I will also start very small to play it safe. Days like these can destroy your account so main theme for now is red and puts may be safer play but buy on a recovery and not the bottom like now. Lets see what market does first half hour or hour. PEP is another one you could watch to bottom out since earnings was decent.