Stay ahead of the game and keep an eye on these companies as they continue to paint an economic picture of their respective industries. Don't wait. Mark your calendars now for this week's earnings announcements and be the first to know all the latest news and insights.
It’s a busy week for earnings, with whispers of over 500 companies reporting on the calendar. Some of these include Axsome Therapeutics Inc. (NASDAQ: AXSM), Freshpet Inc. (NASDAQ: FRPT), Ready Capital Corp. (NYSE: RC), Fisker Inc. (NYSE: FSR), fuboTV Inc. (NYSE: FUBO), Viatris Inc. (NASDAQ: VTRS), Harsco Corp. (NYSE: HSC), LendingTree Inc. (NASDAQ: TREE), Argonaut Gold Inc. (AR), Blackstone Secured Lending Fund (BXSL), The AES Corp. (AES), BGC Partners Inc. (BGCP), Koppers Holdings Inc. (KOP), Kosmos Energy Ltd. (KOS), Pinnacle West Capital Corp. (PNW), Essential Utilities Inc. (WTRG), Spectral MD Holdings Ltd. (SMD), Vista Gold Corp. (VGZ), ACADIA Pharmaceuticals Inc. (ACAD), Ameresco Inc. (AMRC), Asure Software Inc. (ASUR), BioMarin Pharmaceutical Inc. (BMRN), CareDx Inc. (CDNA), EverQuote Inc. (EVER), ICU Medical Inc. (ICUI), Inari Medical Inc. (NARI), Vaxcyte Inc. (PCVX), Rover Group Inc. (ROVR), Revolution Medicines Inc. (RVMD), SI-BONE Inc. (SIBN), and ViewRay Inc. (VRAY).
Here are some of the key earnings updates to look forward to this week:
Best Buy Company (NYSE: BBY)
Best Buy Company (NYSE: BBY) will release its Q4 and full-year financial results on March 2, 2023.
FactSet analyst estimates predict an EPS consensus of $6.58 (guidance between $8.40 to $9) and a sales consensus of $46.2bn (guidance $48.3bn to $49.9bn).
Best Buy Company is an electronics retailer. Revenues declined in Q3, and analysts expect more of the same in Q4.
Over the past year, BBY stock has traded between $60.78 and $112.96. Today BBY trades at around $83.82. So far this year, the Best Buy Company stock price is up 4.24%, while the S&P 500 has risen 3.8% over the same period.
29 FactSet analysts have a consensus Hold rating on BBY stock with a target share price of $84.14.
BBY stock has a price-to-earnings ratio (P/E) of 12.5 and a market cap of $18.5bn. The company currently gives shareholders a 4.2% dividend yield. In the past year, BBY stock has dropped -13%.
About Best Buy Company
Best Buy Company Inc. is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The company retails technology products in the United States and Canada.
Best Buy operates through two business segments. The first is the Domestic Segment, which includes all operations, including Best Buy Health business, across all states, districts, and territories of the United States under various brand names like Best Buy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia, and Pacific Kitchen and Home. The second is the International Segment, which includes operations in Canada under brand names like Best Buy, Best Buy Express, Best Buy Mobile, and Geek Squad.
Target Corp (NYSE: TGT)
Target Corp (NYSE: TGT) will release its latest financial results on February 28. FactSet analyst estimates predict an EPS consensus of $5.52 and a sales consensus of $108.2bn.
Over the past year, TGT stock has traded between $137.16 and $254.87. Today it trades at around $166.22. So far this year, the Target Corp stock price is up 10%.
35 FactSet analysts have a consensus Overweight rating on TGT stock with a target share price of $179.14.
TGT stock has a price-to-earnings ratio (P/E) of 22.9 and a market cap of $76.8bn. The company currently gives shareholders a 2.5% dividend yield.
Retail is enduring uncertain times as inflation weighs on consumer spending, therefore, expectations for an earnings beat are low.
About Target Corp
Target Corp. has evolved from just being a pure brick-and-mortar retailer to an omnichannel entity. It operates nearly 2,000 stores and a website. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week.
In recent years it’s been modernizing its supply chain to compete with pure e-commerce players. Its acquisition of Shipt allows it to provide same-day delivery of groceries, essentials, home, electronics, and other products.
Target provides an array of owned & premium branded goods ranging from household essentials and electronics to toys and apparel for men, women, and kids. It also houses food and pet supplies, home furnishings and decor, home improvement, automotive products, and seasonal merchandise.
Cracker Barrel (NASDAQ: CBRL)
Cracker Barrel (NASDAQ: CBRL) will provide a real-time webcast and rebroadcast of its Q2 earnings conference call on Tuesday, February 28, 2023, beginning at 11:00 a.m. Eastern Time. Company management will discuss financial results for the fiscal second quarter that ended January 27, 2023.
FactSet analyst estimates predict an EPS consensus of $1.36 and a sales consensus of $917m.
In the last year, the stock of CBRL has been traded at prices ranging from $81.87 to $136. Presently, it is being traded at approximately $109.25. As of now, the stock price of Cracker Barrel has increased by 15% this year.
Eight FactSet analysts have a consensus Hold rating on CBRL stock with a target share price of $100.88.
CBRL stock has a price-to-earnings ratio (P/E) of 21 and a market cap of $2.4bn. The company currently gives shareholders a 4.7% dividend yield.
About Cracker Barrel
Cracker Barrel Old Country Store was established in 1969 in Lebanon, Tenn. and operates more than 660 Cracker Barrel locations and owns the fast-casual Maple Street Biscuit Company. It owns and runs full-service restaurants with a restaurant and a retail store in the same unit.
The restaurants serve home-style country food, including meatloaf, homemade chicken n' dumplings, as well as its signature biscuits using an old family recipe. Meanwhile, the retail stores offer unique gifts and self-indulgences.
Dollar Tree Inc (NASDAQ: DLTR)
Dollar Tree Inc (NASDAQ: DLTR) will host its conference call for investors and analysts to discuss financial results for the fourth quarter that ended January 28, 2023, on Wednesday, March 1, 2023, at 9:00 a.m. Eastern Time.
FactSet analyst estimates predict an EPS consensus of $7.19 (guidance between $7.10 and $7.40) and a sales consensus of $28.20bn (guidance between $28.14bn and $28.28bn).
Over the past year, DLTR stock has traded between $124.76 and $177.19. Today it trades at around $144. The stock price of Dollar Tree Inc has increased by 2.7% since the beginning of this year.
27 FactSet analysts have a consensus Overweight rating on DLTR stock with a target share price of $164.14.
DLTR stock has a price-to-earnings ratio (P/E) of 20.1 and a market cap of $31.85bn. The company does not provide a dividend.
About Dollar Tree Inc
Dollar Tree, a Fortune 200 Company, operated 16,293 stores across 48 states and five Canadian provinces as of October 29, 2022. Stores operate under the brand's Dollar Tree, Family Dollar, and Dollar Tree Canada.
Dollar Tree Inc. is an operator of discount variety stores offering merchandise and other assortments. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns. The company offers a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.
Its stores are supported by a nationwide logistics network and distribution centers. Dollar Tree also owns an e-commerce platform (DollarTree.com) which sells its merchandise in bulk to individuals and small businesses as well as organizations. Through its online platform, the company advertises its in-store events and showcases its special and seasonal promotions for featured products.
Nio Inc ADR (NYSE: NIO)
Nio Inc ADR (NYSE: NIO) will release its fourth quarter and full year 2022 unaudited financial results on Wednesday, March 1, 2023, before the opening of the U.S. markets.
FactSet analyst estimates predict an EPS consensus of -$0.97 and a sales consensus of $7.3bn. Nio operates in the Auto industry and has a market cap of $15.5bn.
Over the past year, NIO stock has traded between $8.38 and $24.43. Today it trades at around $9.30. So far this year, the Nio Inc ADR stock price is down -3.4%.
38 FactSet analysts have a consensus Overweight rating on NIO stock with a target share price of $16.34.
About Nio Inc ADR
NIO is a pioneer in China's EV market, and its unique selling proposition is to provide EVs at competitive pricing. NIO doesn't produce its own cars; instead, it partners with state-owned JAC Motors to manufacture vehicles, and JAC charges a fee for each car produced. NIO sells its vehicles through apps and a network of NIO Houses, located in some of the most expensive areas of China's largest cities.
Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS.
NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV. The ES7 (or the EL7), a mid-large five-seater smart electric SUV; the ES6, a five-seater all-round smart electric SUV; the EC7, a five-seater smart electric flagship coupe SUV; the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.
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