It’s a busy week for earnings, with around 570 companies reporting. Some of these include Baidu Inc ADR (NASDAQ: BIDU), Walmart Inc (NYSE: WMT), Teladoc Health Inc. (NYSE: TDOC), The Home Depot Inc. (NYSE: HD), The TJX Cos. Inc. (NYSE: TJX), Targa Resources Corp. (NYSE: TRGP), Fluor Corp. (NYSE: FLR), Westlake Corp. (NYSE: WLK), Caesars Entertainment Inc. (NASDAQ: CZR), Univar Solutions Inc. (NYSE: UNVR), Molson Coors Beverage Co. (NYSE: TAP), Teck Resources Limited (NYSE: TECK), Dana Inc. (NYSE: DAN), Altice USA Inc. (NYSE: ATUS), CVR Energy Inc. (NYSE: CVI), Public Service Enterprise Group Inc. (NYSE: PEG), Diamondback Energy Inc. (NASDAQ: FANG), Arconic Corp. (NYSE: ARNC), UFP Industries Inc. (NASDAQ: UFPI), Gibson Energy Inc. (TSE: GEI), Avangrid Inc. (NYSE: AGR), Boise Cascade Co. (NYSE: BCC), GFL Environmental Inc. (TSE: GFL), Toll Brothers Inc. (NYSE: TOL), Vertiv Holdings Co. (NYSE: VRT), Palo Alto Networks Inc. (NYSE: PANW), Huntsman Corp. (NYSE: HUN), Ingersoll Rand Inc. (NYSE: IR), Crestwood Equity Partners LP (NYSE: CEQP), Chesapeake Energy Corp. (OTC: CHK), NiSource Inc. (NYSE: NI), Keysight Technologies Inc. (NYSE: KEYS), Tri Pointe Homes Inc. (NYSE: TPH), Camping World Holdings Inc. (NYSE: CWH), The Brink's Co. (NYSE: BCO), Public Storage (NYSE: PSA), Charles River Laboratories International Inc. (NYSE: CRL), Fresh Del Monte Produce Inc. (NYSE: FDP), The Middleby Corp. (NASDAQ: MIDD), Flowserve Corp. (NYSE: FLS), Elanco Animal Health Inc. (NYSE: ELAN), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), Bausch + Lomb Corp. (NYSE: BLCO), BlueLinx Holdings Inc. (NYSE: BXC), Copart Inc. (NASDAQ: CPRT), Matterport Inc. (NASDAQ: MTTR).
Here are some of the key earnings updates to look forward to this week:
Fiverr International Ltd (NYSE: FVRR)
Fiverr International Ltd (NYSE: FVRR) will release its Q4 and fiscal year financial results for the period ending December 31, 2022, before the market opens on Wednesday, February 22, 2023. On that day, management will hold a conference call and webcast at 8:30 a.m. ET to discuss the Company’s business and financial results. Prior to its conference call, Fiverr will issue a press release and post a shareholder letter to its website.
FactSet analyst estimates predict an EPS consensus of $0.62 and a sales consensus of $337.72m, with sales guidance of $334m to $340m.
Fiverr International Ltd operates in the Internet Commerce industry.
Over the past year, FVRR stock has traded between $26 and $83. Today it trades at around $39.35.
Year-to-date, the Fiverr International Ltd stock price has risen 37.25%, while the S&P 500 has risen 6.6% over the same period. And over the past year, FVRR stock has fallen -44%.
Eight FactSet analysts have a consensus Overweight rating on FVRR stock with a target share price of $40.
FVRR stock has a market cap of $1.46bn.
About Fiverr International Ltd
Fiverr International Ltd. provides an online marketplace for selling goods and services. The Company provides logo, poster and brochure designing, as well as photoshop editing, content marketing, web analytics and translation services. Fiverr International Ltd. is based in New York.
Fiverr’s mission is to revolutionize how the world works together. It aims to democratize access to talent and to provide talent with access to opportunities so anyone can grow their business, brand, or dreams. From small businesses to Fortune 500, over 4 million customers worldwide worked with freelance talent on Fiverr in the past year, ensuring their workforces remain flexible, adaptive, and agile.
Icahn Enterprises (NASDAQ: IEP)
Icahn Enterprises (NASDAQ: IEP) will discuss its fourth quarter 2022 results on a conference call and webcast on Friday, February 24, 2023 - at 10:00 a.m. Eastern Time.
FactSet analyst estimates predict an EPS consensus of $0.38 and a sales consensus of $13.96bn.
Icahn Enterprises operates in the Conglomerates industry.
Over the past year, IEP stock has traded between $47.17 and $55.60. Today it trades at around $54.27. So far this year, the Icahn Enterprises stock price is up 5%.
One FactSet analyst has a Buy rating on IEP stock with a target share price of $70.
IEP stock has a forward price-to-earnings ratio (P/E) of 73 and a market cap of $18.3bn. The company currently gives shareholders a 14.7% dividend yield. In the past year IEP stock has fallen -1.3%.
About Icahn Enterprises
Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.
Overstock.com Inc (NASDAQ: OSTK)
Overstock.com Inc (NASDAQ: OSTK) is scheduled to release its Q4 and full-year financial results for the period that ended December 31, 2022, on Wednesday, February 22, 2023, before the market opens. The company has scheduled a conference call and webcast for 8:30 am ET that day to discuss these results and take questions from participants during the live event.
FactSet analyst estimates predict an EPS consensus of $0.55 and a sales consensus of $1.9bn.
Overstock.com Inc operates in the Internet Commerce industry.
Over the past year, OSTK stock has traded between $17.05 and $59.46. Today it trades at around $21.84. So far this year, the Overstock.com Inc stock price is up 15%.
Nine FactSet analysts have a consensus Overweight rating on OSTK stock with a target share price of $40.33.
OSTK stock has a P/E of 110 (forward P/E of 53.5) and a market cap of $998m. The company does not offer a shareholder dividend. Overstock’s 2021 annual revenue reported was $2.8bn, and in the past year, OSTK stock has fallen -45%.
About Overstock.com Inc
Overstock.com is an online furniture and home furnishings retailer and technology-focused innovator based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping site features millions of products that tens of millions of customers visit each month.
Moderna Inc (NASDAQ: MRNA)
Moderna Inc (NASDAQ: MRNA) will host a live conference call and webcast at 8:00 a.m. ET on Thursday, February 23, 2023, to report its fourth quarter and full year 2022 financial results and provide a corporate update.
FactSet analyst estimates predict an EPS consensus of $21.26 and a sales consensus of $19.1bn. Sales guidance is between $18bn and $19bn.
Moderna Inc operates in the Medical industry.
Over the past year, MRNA stock has traded between $115 and $217. Today it trades at around $166.60. So far this year, the Moderna Inc stock price is down 7%.
19 FactSet analysts have a consensus Overweight rating on MRNA stock with a target share price of $232.14.
MRNA stock has a price-to-earnings ratio (P/E) of 6 and a market cap of $64bn. Its 2021 annual revenue reported was: $18.4bn and in the past year MRNA stock has returned 14.9%.
About Moderna Inc
Moderna, Inc. is a clinical-stage pharmaceutical company primarily focused on discovering and developing messenger RNA (mRNA) based therapies. Over the course of a decade, Moderna has undergone a significant transformation from a research-focused enterprise dedicated to messenger RNA (mRNA) programs to a diversified organization with a comprehensive clinical portfolio of vaccines and therapeutics across seven modalities. The company now possesses a broad intellectual property portfolio in areas such as mRNA and lipid nanoparticle formulation and has established an integrated manufacturing plant for both clinical and commercial production at scale. Moderna has formed alliances with a broad range of government and commercial collaborators domestically and abroad, enabling the pursuit of groundbreaking science and rapid scaling of manufacturing capabilities. Recently, the culmination of Moderna's capabilities has led to the development and approval of one of the earliest and most effective vaccines for the COVID-19 pandemic.
Alibaba Group Holding ADR (NYSE: BABA)
Alibaba Group Holding ADR (NYSE: BABA) will report its unaudited financial results for the quarter that ended December 31, 2022, before the U.S. market opens on Thursday, February 23, 2023, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day.
FactSet analyst estimates predict an EPS consensus of $2.41 and a sales consensus of $35.7bn.
Alibaba Group operates in the Internet Commerce industry.
Over the past year, BABA stock has traded between $58.01 and $125.84. Today it trades at around $100.01. So far this year, the Alibaba Group Holding ADR stock price is up 8.7%.
61 FactSet analysts have a consensus Buy rating on BABA stock with a target share price of $145.05.
BABA stock has a P/E of 256.9 (forward is 11.7) and a market cap of $264bn. In the past year, BABA stock has returned -15.95%.
About Alibaba Group Holding ADR
Alibaba Group Holding is one of the leading e-commerce giants in China. Over the last few years, the company has transformed itself from being a traditional e-commerce company to a conglomerate that has businesses ranging from logistics and food delivery to cloud computing. Alibaba Group is represented by three businesses' Alibaba.com, Taobao, and Tmall.
The company's businesses account for more than half of all online retail sales in China, which is one of the world's fastest-growing e-commerce markets. Taobao is one of Alibaba Group's most profitable marketplaces that generates more than 80% of its sales, thanks to soaring demand for high-quality imported brands in China. The company is well-positioned in the New Retail space. In this space, it aims to bring together digital payments, e-commerce, food delivery and other parts of the business into one big ecosystem. The ubiquity of smartphones and the evolution of physical and online commerce is helping the company to gain momentum in this space.
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