BASE - Earnings Week Ahead: NIO DocusSgn GameStop FuelCell and more

2023-06-03 06:00:00 ET

The end of the earnings season is on the horizon, but there are still several notable companies scheduled to release their reports in the upcoming weeks. These reports carry significant implications for sectors such as energy, software, retail, autos and more.

In the upcoming week, a range of prominent companies, including Dave & Buster's Entertainment ( NASDAQ: PLAY ), NIO Inc. ( NYSE: NIO ), DocuSign ( NASDAQ: DOCU ), GameStop ( NYSE: GME ) and FuelCell ( NASDAQ: FCEL ), are scheduled to release their quarterly earnings reports. These earnings announcements are highly anticipated and will be closely monitored.

Additionally, the week will also feature earnings results from Campbell Soup ( NYSE: CPB ), Trip.com Group ( NASDAQ: TCOM ), Signet Jewelers ( NYSE: SIG ), Manchester United ( NYSE: MANU ), Hello Group ( NASDAQ: MOMO ), Stitch Fix ( NASDAQ: SFIX ) and Ciena ( NYSE: CIEN ).

Below is a rundown of major quarterly updates anticipated in the week of June 5 to 9:

Monday, June 5

HealthEquity ( NASDAQ: HQY )

HealthEquity ( HQY ) is all set to release its Q1 results after the closing bell on Monday. Analysts anticipate higher sales and EPS compared to previous year. About two weeks before the earnings release, the Seeking Alpha Quant ratings changed to a Buy recommendation .

Consensus EPS Estimates: $0.41

Consensus Revenue Estimates: $240.3M

Earnings Insight: The company has beaten EPS estimates in 6  and revenue estimates in 7 of the 8 quarters.

Also reporting : GitLab ( NASDAQ: GTLB ), Science Applications International ( NYSE: SAIC ) Sprinklr ( CXM ) and Fusion Fuel Green ( NASDAQ: HTOO ).

Tuesday, June 6

Hello Group ( MOMO )

Hello Group ( MOMO ) will release its Q1 earnings results before the opening bell on Tuesday. Following upbeat Q4 results, the company saw softer Q1 and anticipated a drop in revenues of 15.8% to 12.6% compared to last year. The Seeking Alpha Quant ratings moved to a Strong Buy rating just two weeks before the earnings announcement.

Consensus EPS Estimates: $0.28

Consensus Revenue Estimates: $388.52M

Earnings Insight: The company has a track record of beating EPS and revenue estimates in seven of the past eight quarters.

Also reporting : Dave & Buster's ( PLAY ), Stitch Fix ( SFIX ), Ciena ( CIEN ), J.M. Smucker ( NYSE: SJM ), Thor Industries ( NYSE: THO ), Cracker Barrel ( NASDAQ: CBRL ), Yext ( NYSE: YEXT ), Academy Sports + Outdoors ( NASDAQ: ASO ), Casey's General ( NASDAQ: CASY ) Couchbase ( BASE ), Manchester United ( MANU ), Calavo Growers ( CVGW ) and ABM Industries ( NYSE: ABM ).

Wednesday, June 7

GameStop ( GME )

GameStop ( GME ) is set to post Q1 earnings after the bell on Wednesday. GME stock surged about 35% after topping the expectation in Q4 . Analyst expects mixed quarterly results. When compared to Wall Street analysts' Sell ratings, the SA quant rating system is more upbeat and assigns the company a Buy rating ahead of its Q1 report.

Consensus EPS Estimates: -$0.12

Consensus Revenue Estimates: $1.36B

Earnings Insight: The company has beaten EPS estimates in 5 of the past 8 quarters and and revenue expectations in 6 of those reports.

Campbell Soup ( CPB )

Campbell Soup ( CPB ) is due to post its Q3 results before the opening bell on Wednesday. After topping the consensus mark in Q1 the company raised its FY2023 sales outlook . The company raised its full-year outlook for net sales growth to a range of +8.5% to +10% from a prior +7% to +9% forecast. Adjusted EPS guidance was narrowed to a $2.95 to $3.00 range from a prior $2.90 to $3 range. Wall Street Analysts predict a fall in the bottom line.

Consensus EPS Estimates: $0.65

Consensus Revenue Estimates: $2.23B

Earnings Insight: The company has beaten EPS estimates in 6 of the past 8 quarters, topping revenue estimates in 5 of those reports.

Also reporting : Trip.com Group ( TCOM ), Smartsheet ( NYSE: SMAR ), United Natural Foods ( NYSE: UNFI ), Ollie’s Bargain Outlet ( NASDAQ: OLLI ), Brown-Forman ( NYSE: BF.A ) ( NYSE: BF.B ), Semtech ( NASDAQ: SMTC ) and Lovesac ( NASDAQ: LOVE ).

Thursday, June 8

DocuSign ( DOCU )

The online signature company, DocuSign ( DOCU ) is scheduled to release its Q1 results on Thursday, with the figures coming out after the closing bell. After surpassing the expectation in Q4 , the company guided Q1 revenue in the range of $639M-643M. The company recently appointed Blake Grayson as its new CFO, replacing Cynthia Gaylor.

Consensus EPS Estimates: $0.56

Consensus Revenue Estimates: $641.58M

Earnings Insight: DOCU has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.

Also reporting: FuelCell Energy ( FCEL ), Signet Jewelers ( SIG ), Vail Resorts ( NYSE: MTN ), Designer Brands ( NYSE: DBI ) and Toro ( NYSE: TTC ).

Friday, June 9

NIO Inc. ( NIO )

NIO Inc. ( NIO ) is all set to release its Q1 earnings before the bell on Friday. Analysts predict 8% sales growth, which is less than the company's projected increase of between 10.2% and 16.5% . The Wall Street consensus remains at Buy , while Seeking Alpha’s Quant ratings shifted to a Sell opinion from Hold on the stock ahead of the results due to concerns on profitability, growth, and valuation.

Consensus EPS Estimates: -$0.41

Consensus Revenue Estimates: $1.68B

Earnings Insight: NIO has has topped EPS estimates in 1 of the past 7 quarters and revenue expectations in all the 6 quarters.

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