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NVIDIA is Expected to Beat Estimates NVIDIA (NVDA) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth, and the Earnings Whisper ® number is $4.67 per share. The company's guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40 billion. Investors are bullish going into the company's earnings release with 70.8% expecting a beat. Short interest has increased by 4.1% since the company's last earnings release while the stock has drifted higher by 45.7% from its open following the earnings release to be 53.2% above its 200 day moving average of $474.09. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 11.3% move on earnings and the stock has averaged a 7.7% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 13,637 contracts of the $800.00 call expiring on Friday, February 23, 2024.
Palo Alto Networks is Expected to Beat Estimates Palo Alto Networks (PANW) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 4:05 PM ET. The consensus earnings estimate is $1.30 per share on revenue of $1.97 billion, representing 19.0% year-over-year revenue growth, and the Earnings Whisper ® number is $1.42 per share. The company's guidance was for earnings of $1.29 to $1.31 per share on revenue of $1.96 billion to $1.99 billion. Investors are bullish going into the company's earnings release with 80.3% expecting a beat. Short interest has decreased by 25.7% since the company's last earnings release while the stock has drifted higher by 52.7% from its open following the earnings release to be 42.4% above its 200 day moving average of $257.40. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 10.2% move on earnings and the stock has averaged a 9.9% move in recent quarters. On Tuesday, January 30, 2024 there was some notable buying of 4,000 contracts of the $140.00 put expiring on Friday, September 19, 2025.
Walmart is Expected to Beat Estimates Walmart (WMT) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 7:00 AM ET. The consensus earnings estimate is $1.65 per share on revenue of $170.21 billion, representing 3.8% year-over-year revenue growth, and the Earnings Whisper ® number is $1.68 per share. Investors are bullish going into the company's earnings release with 69.8% expecting a beat. Short interest has decreased by 21.1% since the company's last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 7.6% above its 200 day moving average of $158.34. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 4.4% move on earnings and the stock has averaged a 4.0% move in recent quarters. On Wednesday, February 14, 2024 there was some notable buying of 5,355 contracts of the $160.00 put expiring on Friday, February 23, 2024.
Block is Expected to Beat Estimates Block (SQ) is confirmed to report earnings on Thursday, February 22, 2024 at approximately 4:10 PM ET. The consensus earnings estimate is $0.65 per share on revenue of $5.70 billion, representing 22.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.68 per share. Investors are bullish going into the company's earnings release with 66.9% expecting a beat. Short interest has decreased by 6.3% since the company's last earnings release while the stock has drifted higher by 29.2% from its open following the earnings release to be 8.1% above its 200 day moving average of $60.74. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 13.3% move on earnings and the stock has averaged a 7.4% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 8,683 contracts of the $66.00 call expiring on Friday, March 01, 2024.
Rivian Automotive is Expected to Beat Estimates Rivian Automotive (RIVN) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:10 PM ET. The consensus estimate is a loss of $1.32 per share on revenue of $1.26 billion, representing 90.0% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $1.28 per share. Investors are bullish going into the company's earnings release with 50.7% expecting a beat. Short interest has increased by 2.3% since the company's last earnings release while the stock has drifted lower by 12.3% from its open following the earnings release to be 13.9% below its 200 day moving average of $18.93. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 15.5% move on earnings and the stock has averaged a 8.3% move in recent quarters. On Monday, January 29, 2024 there was some notable buying of 67,190 contracts of the $16.00 call expiring on Friday, March 01, 2024.
Home Depot is Expected to Beat Estimates Home Depot (HD) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 6:00 AM ET. The consensus earnings estimate is $2.77 per share on revenue of $34.63 billion, a decline of 3.4% year-over-year, and the Earnings Whisper ® number is $2.80 per share. Investors are bullish going into the company's earnings release with 69.0% expecting a beat. Short interest has increased by 30.7% since the company's last earnings release while the stock has drifted higher by 20.4% from its open following the earnings release to be 14.5% above its 200 day moving average of $316.51. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.5% move in recent quarters. On Thursday, February 08, 2024 there was some notable buying of 5,037 contracts of the $330.00 put expiring on Friday, April 19, 2024.
Etsy is Expected to Beat Estimates Etsy (ETSY) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:05 PM ET. The consensus earnings estimate is $0.78 per share on revenue of $827.99 million, representing 2.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.83 per share. Investors are bearish going into the company's earnings release but with 77.9% expecting a beat. Short interest has increased by 14.0% since the company's last earnings release while the stock has drifted higher by 27.6% from its open following the earnings release to be 1.3% below its 200 day moving average of $77.61. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 11.6% move on earnings and the stock has averaged a 8.1% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 7,355 contracts of the $75.00 put expiring on Friday, February 23, 2024.
Transocean is Expected to Miss Estimates Transocean (RIG) is confirmed to report earnings on Monday, February 19, 2024 at approximately 5:40 PM ET. The consensus estimate is a loss of $0.21 per share on revenue of $760.58 million, representing 25.5% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $0.23 per share. Investors are bullish going into the company's earnings release with 66.7% expecting a beat. Short interest has increased by 5.5% since the company's last earnings release while the stock has drifted lower by 26.9% from its open following the earnings release to be 32.9% below its 200 day moving average of $7.28. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 10.2% move on earnings and the stock has averaged a 8.5% move in recent quarters. On Thursday, January 11, 2024 there was some notable buying of 20,882 contracts of the $7.00 call expiring on Friday, May 17, 2024.
Vertiv Holdings is Expected to Beat Estimates Vertiv Holdings (VRT) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 5:55 AM ET. The consensus earnings estimate is $0.54 per share on revenue of $1.88 billion, representing 13.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.56 per share. The company's guidance was for earnings of $0.48 to $0.52 per share on revenue of $1.83 billion to $1.85 billion. Investors are bullish going into the company's earnings release with 74.6% expecting a beat. Short interest has increased by 49.2% since the company's last earnings release while the stock has drifted higher by 51.6% from its open following the earnings release to be 71.9% above its 200 day moving average of $36.63. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 15.1% move on earnings and the stock has averaged a 8.6% move in recent quarters. On Thursday, February 15, 2024 there was some notable buying of 9,368 contracts of the $67.50 call expiring on Friday, March 15, 2024.
Carvana is Expected to Beat Estimates Carvana (CVNA) is confirmed to report earnings on Thursday, February 22, 2024 at approximately 4:10 PM ET. The consensus estimate is a loss of $0.94 per share on revenue of $2.53 billion, a decline of 10.8% year-over-year, and the Earnings Whisper ® number is a loss of $0.71 per share. Investors are bullish going into the company's earnings release with 55.4% expecting a beat. Short interest has increased by 3.7% since the company's last earnings release while the stock has drifted higher by 82.9% from its open following the earnings release to be 44.5% above its 200 day moving average of $36.32. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 20.2% move on earnings and the stock has averaged a 28.7% move in recent quarters. On Thursday, February 15, 2024 there was some notable buying of 21,909 contracts of the $70.00 call expiring on Friday, May 17, 2024.
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Community Health Systems is Scheduled to Report on Tuesday, February 20, 2024 Community Health Systems (CYH) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 4:15 PM ET. The consensus earnings estimate is $0.03 per share on revenue of $3.16 billion, representing 0.6% year-over-year revenue growth. Investors are bullish going into the company's earnings release but expect in-line results. Short interest has decreased by 34.4% since the company's last earnings release while the stock has drifted higher by 79.2% from its open following the earnings release to be 20.2% above its 200 day moving average of $3.37. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 35.8% move on earnings and the stock has averaged a 30.1% move in recent quarters. On Thursday, February 15, 2024 there was some notable buying of 11,367 contracts of the $5.00 call expiring on Friday, March 15, 2024.
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The Earnings Whisper Grade is a tool meticulously designed to harness the consistent, time-tested phenomenon of Post-earnings Announcement Drift (PEAD). When a stock is highly disliked yet the company's results are strong, it often receives a favorable Earnings Whisper Grade, indicating a likelihood to outperform the overall stock market by holding it over the subsequent quarter. Conversely, stocks that are widely loved but report weak results are more likely to lag behind the market and may even decline during bull markets. We synthesize this data into a quantifiable grade, offering a strategic asset to enhance your portfolio's performance this earnings season.
As of the end of 2023, stocks with the highest Earnings Whisper Grades have outperformed the overall stock market by an average of 62.4% per year.
Click here to learn more!
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Shopify Missed Expectations Shopify (SHOP) reported earnings of $0.34 per share on revenue of $2.14 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.31 per share on revenue of $2.08 billion. The Earnings Whisper number was $0.38 per share. The company missed expectations by 10.53% while revenue grew 23.58% on a year-over-year basis.
The company said it expects first quarter revenue of approximately $1.75 billion. The current consensus revenue estimate is $1.81 billion for the quarter ending March 31, 2024.
"2023 was an incredible year for both Shopify and our merchants. Our strong Q4 and annual results are a powerful testament to the progress we have made building fast, reliable, and unified software for merchants of all sizes," said Harley Finkelstein, President of Shopify. "As we look ahead to 2024, our focus remains on driving innovation in an ever-evolving commerce landscape, delivering products that will propel our merchants' businesses forward, with the support of our world-class talent and our valued merchants and partners."
Shopify is a leading provider of essential internet infrastructure for commerce, offering trusted tools to start, grow, market, and manage a retail business of any size.
DraftKings Missed Expectations DraftKings (DKNG) reported a loss of $0.10 per share on revenue of $1.23 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.06 per share on revenue of $1.24 billion. The Earnings Whisper number was $0.14 per share. The company missed expectations by 171.43% while revenue grew 43.94% on a year-over-year basis.
The company said it expects 2024 revenue of $4.65 billion to $4.90 billion. The company's previous guidance was revenue of $4.50 billion to $4.80 billion and the current consensus revenue estimate is $4.69 billion for the year ending December 31, 2024.
“DraftKings ended 2023 with excellent performance across customer acquisition, retention and engagement as well as structural sportsbook hold percentage despite the worst stretch of sport outcomes we have seen as a public company in the fourth quarter,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “Looking ahead to 2024 and beyond, our focus remains on disciplined execution against our core value drivers, an unwavering commitment to customer centricity, and fulfilling our product roadmap to consistently differentiate ourselves competitively.”
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media.
Coinbase Global Beat Consensus Estimates Coinbase Global (COIN) reported earnings of $1.04 per share on revenue of $953.80 million for the fourth quarter ended December 2023. The consensus estimate was a loss of $0.09 per share on revenue of $0.27 million. The company beat consensus estimates by 1,255.56% while revenue grew 51.61% on a year-over-year basis.
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto.
Arista Networks Beat Expectations Arista Networks (ANET) reported earnings of $2.08 per share on revenue of $1.54 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $1.70 per share on revenue of $1.53 billion. The Earnings Whisper number was $1.78 per share. The company beat expectations by 16.85% while revenue grew 20.77% on a year-over-year basis.
The company said it expects first quarter revenue of $1.52 billion to $1.56 billion. The current consensus revenue estimate is $1.52 billion for the quarter ending March 31, 2024.
"I am truly honored to be a part of the leadership team that will drive Arista 2.0 products and technology for enterprise, cloud and AI customers," said incoming CFO Chantelle Breithaupt. "As we enter 2024, we remain focused on satisfying their most demanding requirements with our compelling, innovative networking solutions."
Arista Networks Inc with its subsidiaries is a supplier of cloud networking solutions that use software innovations to address the needs of large-scale Internet companies, cloud service providers and next-generation enterprise.
Airbnb Beat Expectations Airbnb (ABNB) reported earnings of $0.76 per share on revenue of $2.22 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.67 per share on revenue of $2.16 billion. The Earnings Whisper number was $0.72 per share. The company beat expectations by 5.56% while revenue grew 16.61% on a year-over-year basis.
The company said in its shareholders letter it expects first quarter revenue of $2.03 billion to $2.075 billion. The current consensus revenue estimate is $2.03 billion for the quarter ending March 31, 2024.
Airbnb Inc. provides marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. Airbnb Inc. is based in San Francisco, California.
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