SOUN - Earnings week ahead: Docusign CrowdStrike Campbell Soup and more

Earnings season has started to taper off in the first days of March. Still, a number of key reports are set to be announced in the first full week of the month.

One-time pandemic favorite Docusign ( NASDAQ: DOCU ) and cybersecurity leader CrowdStrike ( NASDAQ: CRWD ) are among the headliners during the week. Meanwhile, consumer staples standby Campbell Soup Company ( NYSE: CPB ) will report as well, with results also due out from overseas tech stalwarts JD.com ( JD ) and Sea Limited ( SE ).

Additionally, a spate of retail earnings is expected from the likes of Dick’s Sporting Goods ( DKS ), Casey’s General Stores ( CASY ) and Ulta Beauty ( ULTA ), providing more insight on the state of the consumer.

Below is a curated list of reports due in the week of March 6 to March 10:

Monday, March 6

Nutanix ( NTNX )

Nutanix ( NTNX ) is due to announce its fiscal second quarter earnings update after the closing bell on Monday. Shares of the California-based cloud platform provider have risen over 30% in the past 6 months, including a 7% rise so far this year.

However, the stock has cooled off significantly since rumors of a takeover by Hewlett Packard Enterprise were quashed . Meanwhile, in the 90 days ahead of the report, Seeking Alpha surveys show that EPS and revenue expectations have been revised upward 12 and 11 times, respectively.

• Consensus EPS Estimates: $0.11
• Consensus Revenue Estimates: $464.07M
• Earnings Insight: Nutanix has beaten EPS and revenue estimates in 8 consecutive quarters

Also reporting: Lordstown Motors ( RIDE ), Ciena Corp. ( CIEN ), WW International ( WW ), and Shift Technologies ( SFT )

Tuesday, March 7

Sea Limited ( SE )

Singapore-based tech conglomerate Sea Limited ( SE ) is set to unveil its results prior to the market open on Tuesday. While shares of the digital entertainment and e-commerce company have ripped about 20% higher since the start of 2023, the stock remains over 80% below its late 2021 peak.

Analysts remain optimistic on the stock, with 22 Buy ratings, eight Holds, and two Sell ratings reflected in Seeking Alpha surveys . However, it is worth noting that surveys reflected a Strong Buy rating throughout the stock’s late 2021 tumble.

Ahead of the results, Bank of America took a contrarian view in downgrading the stock. "We think Sea will struggle to balance revenue growth with profitability and expect near-term path to profitability to come at the expense of revenue growth,” equity analyst Sachin Salgaonkar wrote in a note to clients ahead of the results.

The stock could be volatile on earnings day given its November earnings beat sparked a 40% jump in just one session .

• Consensus EPS Estimates: $-0.55
• Consensus Revenue Estimates: $3.11B
• Earnings Insight: Sea Limited has beaten EPS estimates in 4 of the past 8 quarters, exceeding revenue expectations in 6 of those reports.

CrowdStrike ( CRWD )

Cybersecurity stalwart CrowdStrike ( CRWD ) is due to disclose its fiscal fourth quarter earnings on Tuesday after the closing bell. Shares of the Austin-based company have posted a nearly 20% gain year to date, but remain down about 35% in the past year.

Seeking Alpha surveys show that EPS expectations have been hiked 30 times in the 90 days ahead of the results, but revenue estimates have been lowered 28 times in the same span. The stock continues to be viewed favorably on the Street, with the consensus rating being a Strong Buy , according to Seeking Alpha surveys.

"Over the medium-term, we expect stable growth in endpoint (80%+ of ARR) and outsized growth in cloud for the company with its competitive technology (core competencies in data collection and monitoring), supported by its strong FCF generation, and we model a positive GAAP net income inflection in CY2024E,” Goldman Sachs said in a late February note naming the stock a top pick .

• Consensus EPS Estimates: $0.43
• Consensus Revenue Estimates: $627.05M
• Earnings Insight: CrowdStrike Holdings has beaten EPS and revenue estimates in 8 consecutive quarters

Also reporting: Trip.com ( TCOM ), Dick’s Sporting Goods ( DKS ), Casey’s General Stores ( CASY ), Squarespace ( SQSP ), Soundhound AI ( SOUN ), Ferguson ( FERG ), Thor Industries ( THO ), and StitchFix ( SFIX )

Wednesday, March 8

Campbell Soup ( CPB )

Campbell Soup ( CPB ) is due to post its fiscal second quarter results prior to the opening bell on Wednesday. Shares of the consumer staples producer have popped over 15% in the past year as compared to a near 10% decline for the S&P. However, both analysts and Seeking Alpha’s Quant ratings system remain cautious, with Hold ratings heading into the report.

While revenue expectations for the upcoming quarter have been hiked 10 times in the past 3 months, EPS estimates have been lowered 10 times in the same timeframe, per Seeking Alpha data .

• Consensus EPS Estimates: $0.74
• Consensus Revenue Estimates: $2.44B
• Earnings Insight: Campbell’s has beaten EPS expectations in 6 of the past 8 quarters, exceeding revenue expectations in 4 of those prints.

Also reporting: Brown-Forman Corporation ( BF.B ) ( BF.A ), MongoDB ( MDB ), Continental AG ( OTCPK:CTTAY ), Korn Ferry ( KFY ), Tattooed Chef ( TTCF ), Express ( EXPR ), and Yext Inc. ( YEXT )

Thursday, March 9

DocuSign ( DOCU )

DocuSign ( DOCU ) is due to post its earnings results after the closing bell on Thursday. The online signature company recently joined many of its tech peers in large-scale layoffs, cutting 10% of its employees . Shares have tumbled about 8% since announcing the headcount reduction. Still, shares have marked a double-digit rally since December, leaving analysts divided on the sustainability of the rally into the earnings print.

For example, UBS downgraded the stock to Hold shortly before the earnings announcement, arguing the stock has run too hot in recent months. Wolfe Research, by contrast, argued that unappreciated margin potential for the company and "relatively de-risked" earnings estimates should keep the monthly gains rolling. The analyst consensus stands at Hold. Seeking Alpha’s Quant system moved to a Strong Buy rating in late February on improving profitability and valuation dynamics. The stock marked a double-digit gain after its December earnings result .

• Consensus EPS Estimates: $0.52
• Consensus Revenue Estimates: $639.27M
• Earnings Insight: DocuSign has beaten revenue estimates in 8 consecutive quarters, missing EPS expectations once in that span

Also reporting: JD.com ( JD ), Ulta Beauty ( ULTA ), Vail Resorts ( MTN ), BJ’s Wholesale Club Holdings ( BJ ), The Gap ( GPS ), The Toro Company ( TTC ), IDT Corporation ( IDT ), Duluth Holdings ( DLTH ), Wheels Up Experience ( UP ), Solo Brands ( DTC ), and Zumiez ( ZUMZ )

Friday, March 10

The Buckle ( BKE )

The Buckle ( BKE ) is due to announce its fourth quarter earnings results before the opening bell on Friday. Shares of the Nebraska-based apparel retailer have rallied sharply since mid-2022. However, the stock has tumbled over 15% since the start of 2023, accelerating in the week ahead of the report due to a downbeat February comparable sales report . Comparable sales for the months of December and January rose by an average of 7%. The Seeking Alpha Quant system retains a Buy rating on the stock, shifting from Hold in late August 2022 .

• Consensus EPS Estimates: $1.62
• Consensus Revenue Estimates: $386.36M
• Earnings Insight: The Buckle has beaten EPS expectations in 8 consecutive quarters, rising above revenue estimates in 6 of those reports.

Also reporting: Bird Global ( BRDS ), Driveshack ( OTCQX:DSHK ), and Embraer SA ( ERJ )

For further details see: