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The upcoming week, beginning with Cyber Monday, will see the calendar flip to December with a set of earnings stories from key grocery and low cost chains. Whereas the general tempo of releases shall be comparatively gentle, there are additionally important quarterly updates anticipated from notable gamers within the cloud, cybersecurity, and semiconductor sectors.
The checklist of firms reporting monetary figures in the course of the week embrace Zscaler (NASDAQ:ZS), CrowdStrike (NASDAQ:CRWD), Hewlett Packard Enterprise (NYSE:HPE), Splunk (NASDAQ:SPLK), Workday (NASDAQ:WDAY), Salesforce (NYSE:CRM), Kroger Co. (NYSE:KR), Greenback Tree (NASDAQ:DLTR), Marvell Know-how (NASDAQ:MRVL), Intuit (NASDAQ:INTU), Okta (NASDAQ:OKTA), Snowflake (NYSE:SNOW), Toronto-Dominion Financial institution (NYSE:TD), Royal Financial institution of Canada (NYSE:RY) and 5 Beneath (NASDAQ:FIVE).
Beneath is a rundown of the foremost quarterly updates anticipated within the week of November 27 to December 1:
Monday, November 27
Zscaler (ZS)
Zscaler (ZS) is slated to report its Q1 outcomes after the market closes on Monday. The inventory, which has risen 73% to date this 12 months, attracts a Robust Purchase score from Looking for Alpha’s Quant Score system and a consensus Purchase advice from Wall Road analysts.
Amid this optimism, some cautious sentiment nonetheless exists. With a bearish view on the inventory, Looking for Alpha contributor Richard Durant writes, “Zscaler’s valuation is cheap given the corporate’s progress and margin profile, however additional good points could also be troublesome if progress continues to reasonable.”
- Consensus EPS Estimates: $0.49
- Consensus Income Estimates: $473.43M
- Earnings Perception: Zscaler has constantly outperformed EPS and income expectations previously 8 quarters.
Additionally reporting: UP Fintech Holding Restricted (TIGR), Good Share International Restricted (EM), Cerence (CRNC), Ituran Location and Management (ITRN), Natuzzi S.p.A. (NTZ), Banco Macro S.A. (BMA), Cango (CANG), Seadrill (SDRL) and extra.
Tuesday, November 28
CrowdStrike (CRWD)
Austin-based cybersecurity firm CrowdStrike (CRWD) is because of put up its Q3 monetary replace after the bell on Tuesday. Wall Road analysts’ score in addition to Looking for Alpha’s Quant Score stand as Robust Purchase for CRWD inventory, which has greater than doubled in 2023.
In mid-November, Stifel upgraded its score on CrowdStrike (CRWD) from Maintain to Purchase and raised its value goal from $153 to $225. In a fiercely aggressive setting, the Stifel crew, led by Adam C. Borg, argued that CrowdStrike units itself aside with its high-efficacy cloud-based endpoint expertise, light-weight single-agent structure, and substantial scale, analyzing over 1 trillion occasions each day.
- Consensus EPS Estimates: $0.74
- Consensus Income Estimates: $777.38M
- Earnings Perception: The corporate has outperformed EPS and income expectations in 8 consecutive quarters.
Additionally reporting: Financial institution of Montreal (BMO), Financial institution of Nova Scotia (BNS), Pinduoduo (NASDAQ:PDD), AZEK (AZEK), Fluence (FLNC), Hewlett Packard Enterprise (HPE), Intuit (INTU), Leslie’s (LESL), NetApp (NTAP), Splunk (SPLK), Workday (WDAY) and extra.
Wednesday, November 29
Salesforce (CRM)
San Francisco-based software program large Salesforce (CRM) is because of put up Q3 outcomes after the market closes on Wednesday.
The inventory, which has advaned by greater than 66% YTD, is on Nasdaq’s checklist of top-quality shares with one of the best return on capital. Looking for Alpha’s Quant Score system has categorized the inventory as a Robust Purchase whereas Wall Road analysts have a consensus Purchase advice.
Looking for Alpha writer Luca Socci writes, “Salesforce, a number one supplier of buyer relationship administration software program, is specializing in profitability and reworking its monetary metrics. Regardless of its robust market place, traders have differing valuation views, inflicting volatility within the inventory value. The upcoming earnings report may affect traders’ expectations of Salesforce’s cash-making potential.”
- Consensus EPS Estimates: $2.06
- Consensus Income Estimates: $8.72B
- Earnings Perception: CRM has exceeded EPS and income expectations in 8 straight quarters.
Additionally reporting: Bilibili (BILI), Development Companions (ROAD), Greenback Tree (DLTR), Donaldson (DCI), Farfetch (FTCH), Foot Locker (FL), Hormel Meals (HRL), Patterson Firms (PDCO), Petco Well being and Wellness (WOOF), Vestis (VSTS), Arrowhead (ARWR), Credo Know-how Group (CRDO), 5 Beneath (FIVE), La-Z-Boy (LZB), nCino (NCNO), Nutanix (NTNX), Okta (OKTA), PVH (PVH), Snowflake (SNOW), Synopsys (SNPS), Victoria’s Secret (VSCO), Zuora (ZUO) and extra.
Thursday, November 30
Kroger (KR)
Kroger Co. (KR) is ready to launch Q3 monetary outcomes earlier than the bell on Thursday. Kroger is at the moment rated as a Purchase by Wall Road, whereas Looking for Alpha’s score system suggests a Maintain.
In October 2022, Kroger revealed plans to merge with Albertsons, a transfer more likely to face challenges from the FTC. SA writer Daniel Schönberger expressed skepticism concerning the deal, citing considerations concerning the enterprise’s comparatively excessive debt ranges. Regardless of this, he notes that Kroger, by itself, is undervalued and at the moment buying and selling at a sturdy help stage.
As per the latest stories, Albertsons (ACI) and Kroger (KR) introduced they might submit substantial compliance with the Federal Commerce Fee’s second request for his or her mega grocery store deal. FTC Chair Lina Khan anticipates a call within the following 12 months for Kroger’s $25 billion buy of Albertsons. The deal has a termination date of Jan. 13, extendable till Oct. 9 in 30-day increments. Kroger has been working to appease the FTC to approve the deal, together with a plan to promote 413 shops for $1.9 billion to C&S Wholesale Grocers.
- Consensus EPS Estimates: $0.91
- Consensus Income Estimates: $33.89B
- Earnings Perception: Kroger has exceeded EPS expectations in 8 consecutive quarters, lacking income estimates 3 instances in that span.
Additionally reporting: Academy Sports activities + Outside (ASO), American Woodmark (AMWD), Huge Tons (BIG), CIBC (CM), Cracker Barrel (CBRL), Frontline (FRO), Royal Financial institution of Canada (RY), Titan Equipment (TITN), Toronto-Dominion Financial institution (TD), UBS AG (UBS), Ambarella (AMBA), Dell (DELL), Domo (DOMO), Elastic (ESTC), PagerDuty (PD), Samsara (IOT), UiPath (PATH), Ulta Magnificence (ULTA), Zumiez (ZUMZ), Marvell Know-how (MRVL) and extra.
Friday, December 1
Genesco (NYSE:GCO)
Genesco (GCO) shall be releasing its Q3 outcomes earlier than the bell on Friday. Genesco is rated as a Purchase by Wall Road, whereas Looking for Alpha’s Quant Score system suggests a Maintain, noting progress considerations.
- Consensus EPS Estimates: $0.83
- Consensus Income Estimates: $582.98M
- Earnings Perception: The corporate has exceeded EPS expectations in 7 of the previous 8 quarters, income estimates in 5 of these stories.