NIKE, Inc. (NYSE: NKE)
NIKE, Inc. (NYSE: NKE), a popular athletic wear brand, is scheduled to share its financial results for the third quarter of its fiscal year 2023 on Tuesday, March 21, 2023, at around 1:15 p.m. Pacific Time, after the regular stock market trading hours, have ended. After the release of this news, NIKE, Inc. executives will lead a conference call at 2:00 p.m. Pacific Time to discuss the results in more detail.
FactSet analysts predict that the earnings per share (EPS) estimate consensus for the year will be $0.56, with a sales consensus of $11.48bn.
Over the past year, NKE stock has traded between $82.22 and $139.86, and as of today, it trades at around $118.90.
According to FactSet analysts, 37 of them have a consensus Overweight rating on NKE stock with a target share price of $132.57.
NKE stock has a price-to-earnings ratio (P/E) of 34.1 and a market cap of $184bn. Additionally, the company currently offers shareholders a 1.1% dividend yield. The latest reported annual revenue for Nike was $46.7bn. Unfortunately, NKE stock has fallen by 6.5% in the past year.
TD Cowen thinks that Nike will perform better than expected in the third quarter of its fiscal year. The financial analysis company has given Nike a good rating and a target price of $141. TD Cowen believes that Nike will exceed expectations in Q3, and this will increase the company's revenue for the year. Additionally, it expects Nike to share positive information about its future, and financial goals for 2024.
Darden Restaurants, Inc. (NYSE: DRI)
Darden Restaurants, Inc. (NYSE: DRI) has announced that it will release its fiscal 2023 third quarter financial results before the market opens on Thursday, March 23, 2023. Following the release, the company will host a conference call at 8:30 am ET where CEO Rick Cardenas and other senior management will discuss the results and conduct a question-and-answer session. A replay of the call will also be available shortly after it ends.
FactSet analysts estimate the consensus for EPS is to be around $2.24, with sales expected to be around $2.73bn.
If you're a DRI stockholder, you'll be happy to know that the stock price has been rising. Over the past year, it's been trading between $110.96 and $152.08 and today it's sitting at $147.94. That's a 5.7% increase in the stock price so far this year.
30 FactSet analysts have given DRI stock an Overweight rating, with a target share price of $157.54. That's a solid endorsement, and it shows that the company is on the right track.
When it comes to Darden Restaurants' financials, the company has a P/E of 20.7 and a market cap of $18bn. A DRI stock investment comes with a 3.3% dividend yield and the company's latest annual revenue was $9.6bn.
About Darden Restaurants
For those who aren't familiar with Darden Restaurants, it's a multi-brand restaurant company that owns and operates popular restaurant chains across North America. The company makes money through food and beverage sales and offers a range of dining experiences across its portfolio of brands.
Darden Restaurants features a portfolio of well-known and differentiated brands, including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's.
So, there you have it! Darden Restaurants is a company that's worth keeping an eye on.
Chewy, Inc. (NYSE: CHWY)
Chewy (NYSE: CHWY) will announce its financial results for the fourth quarter and full year 2022 on March 22, 2023, after the market closes, and will host a conference call and webcast at 5:00 pm ET on the same day to discuss the results.
As a leading online retailer of pet food and supplies in the United States, Chewy Inc has captured the attention of investors and industry analysts alike.
According to FactSet analyst estimates, the EPS consensus is predicted to be -$0.01 and a sales consensus of $10.035bn (guidance of $10.02bn to $10.04bn).
CHWY stock has traded between $22.22 and $52.88 and is currently trading at around $39. Its latest annual revenue reported was $8.89bn.
Additionally, Chewy Inc stock price is up 10% so far this year.
With 29 FactSet analysts giving a consensus Overweight rating on CHWY stock and a target share price of $46.83, it's clear that some market participants have high expectations.
About Chewy Inc
Chewy, Inc. is an online retailer of pet food, supplies, and prescriptions with a mission to become the most trusted and convenient destination for pet parents and partners. The company offers a wide selection of high-quality products and services at competitive prices and delivers them with exceptional care and personal attention to build brand loyalty and drive repeat purchasing.
Chewy partners with over 3,000 of the best and most trusted brands in the pet industry to offer more than 100,000 products to its customers. The company continually develops innovative ways for customers to engage with them and provides a customer-centric experience to its customers.
So, mark your calendars and get ready for an earnings update from Chewy Inc on March 22, 2023.
KB Home (NYSE: KBH)
KB Home (NYSE: KBH) will release earnings for its first quarter ended February 28, 2023 after the market closes on Wednesday, March 22, 2023. A live webcast of the Company’s earnings conference call will be held the same day at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time.
According to FactSet analyst estimates, the consensus for EPS is expected to be $1.13, with sales coming in at around $1.32bn.
Over the past year, KBH stock has been trading between $24.78 and $40.92 and today it's sitting at $35.54.
15 FactSet analysts have given KBH stock a Hold rating, with a target share price of $40.54.
The company has a P/E of 3.9 and a market cap of $2.92bn. The shareholder dividend yield is 1.69%.
About KB Home
KB Home, a renowned homebuilder in the United States, has been in operation for over 65 years and has built over 670,000 quality homes in 47 markets across the country. KB Home is unique in its approach to homebuilding, as it focuses on building personal relationships with every customer, regardless of their experience level.
One of the things that sets KB Home apart is its leadership in energy-efficient homebuilding. It was the first builder to make every home it builds ENERGY STAR® certified, a standard that only a small percentage of new homes in the country meet.
GameStop Corp (NYSE: GME)
GameStop Corp (NYSE: GME) will report fourth quarter and full year fiscal 2022 results after the market closes on Tuesday, March 21, 2023. FactSet analyst estimates predict an EPS consensus of -$1.31 and a sales consensus of $5.88bn.
Over the past year, GME stock has traded between $15.41 and $49.85. Today it trades at around $16.24. So far this year, the GameStop Corp stock price is down -5.6%.
Four FactSet analysts have a consensus Underweight rating on GME stock with a target share price of $12.65. GME stock has a market cap of $4.96bn.
More Earnings to Look Out For
There are over 140 companies on the earnings calendar this week, so you should also look out for stock earnings results from:
General Mills Inc (NYSE: GIS), BRP Inc (NASDAQ: DOO), Commercial Metals Co (NYSE: CMC), Canadian Solar Inc (NASDAQ: CSIQ), Petco Health & Wellness Company Inc (NASDAQ: WOOF), Worthington Industries Inc (NYSE: WOR), MillerKnoll Inc (NASDAQ: MLKN), Boyd Group Services Inc (TSX: BYD), ProFrac Holding Corp (NASDAQ: ACDC), Winnebago Industries Inc (NYSE: WGO), Steelcase Inc (NYSE: SCS), JOANN Inc (NASDAQ: JOAN), Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI), Express Inc (NYSE: EXPR), FactSet Research Systems Inc (NYSE: FDS), AAR Corp (NYSE: AIR), Oxford Industries Inc (NYSE: OXM), Array Technologies Inc (NASDAQ: ARRY), dentalcorp Holdings Ltd (TSX: DNTL), Southland Holdings Inc (NASDAQ: SLND), Shoe Carnival Inc (NASDAQ: SCVL), Torrid Holdings Inc (NYSE: CURV), HealthEquity Inc (NASDAQ: HQY), Forestar Group Inc (NYSE: FOR), REX American Resources Corp (NYSE: REX), Citi Trends Inc (NASDAQ: CTRN), Badger Infrastructure Solutions Ltd (TSX: BDGI), and Movado Group Inc (NYSE: MOV).
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