Upcoming Earnings Reports | Week of June 29

Within this analysis it is possible to find the following information about the most interesting upcoming earnings reports (during this week) in the United States stock market:

  • Key data such as EPS surprise, EPS growth in the last quarter, average reaction or performance compared to the S&P 500 index.
  • Summary with the best and worst companies in each category.
  • Chart comparison of the selected companies and the S&P 500 index over the past 3 months.
  • In-depth analysis of some of the companies selected in terms of financial data and key chart levels.
  • Earnings reports Calendar of the week.

In general, this analysis answers the following questions among others:

  • What are the growth expectations in this quarter?
  • During the last earnings reports, did the company often beat analyst expectations? Has the stock price often reacted positively?
  • Is the company growing in terms of fundamentals?
  • Is the stock price close to key levels that it could overcome thanks to the reaction to the earnings report?

The information in this article is for informational purposes only and does not constitute investment advice.


Upcoming Earnings Reports

– Key Data –

This section shows some interesting information about the companies that are about to release the earnings report. The explanation of each item can be found below the table.

  • EPS surprise and “Price reaction”:

“EPS surprise” represents how much the company has beaten analyst expectations over the past three quarters. This data is useful to understand if the company often beats expectations and if it does little or much.

“Price reaction” represents the reaction of the stock price to the last 3 earnings reports released. This data is useful to understand if the company usually reacts positively or negatively to earnings reports.

  • Est. EPS growth this quarter:

EPS (Earnings-Per-Share) growth expected by analysts in the quarter ended recently compared to the same quarter 12 months earlier. Useful information to know what are the expectations for the EPS that the company will release soon.

  • “Last Earnings Report”:

Growth / decrease in Revenue and Net Income reported in the last Earnings Report (compared to the same quarter of 12 months before) released by the company about 3 months ago. Useful data to know which companies grew in the last quarter and which did not.

  • “Perf. % vs S&P 500”:

Over / under performance of the company’s stock price compared to the S&P 500 index in the last 3 months. Useful to identify the companies that have performed better / worse since the last Earnings Report.

  • “Max Loss/Gain”:

Worst / best daily performance over the past 3 years. Data useful to understand the riskiness of the company because during the earnings report the reactions can often be extreme both in a positive and negative sense.


Summary

Within this summary it is possible to identify the best and worst companies based on the parameters present in the table in the previous section.

Among the companies that will release the earnings report during the week, the company with the highest expectations is Conagra Brands , with an estimated EPS growth in this quarter of 83,3% , while the company with the lowest expectations is Fedex Corp with an estimated EPS decrease of -71,7% .

During the past 3 quarters, the company that exceeded analysts’ expectations the most was Constellation Br. with an average EPS surprise of 15,9% , while the company that struggled the most was Fedex Corp with an average EPS surprise of -6,4% .

Conagra Brands has had the best reaction to the last 3 earnings reports, rising on average by 7,8% during the day, while the company with the worst reaction was Fedex Corp with an average decrease of -6,0% .

By shifting the focus to companies that have outperformed or underperformed the S&P 500 index in the past 3 months, the company that outperformed the index most was Capri Holdings Ltd with a 16,8% overperformance , while the company that performed worse than the index was Fedex Corp with a -9,2% underperformance .

Focusing on the latest earnings report released, the company that reported the highest earnings growth compared to the same quarter 12 months earlier was Capri Holdings Ltd with a 5,0% increase , while the company that reported the worst earnings growth was Micron Technology with a -75,0% decrease .


Selected companies vs S&P 500 index

– Chart Comparison –

Within this section it is possible to see the performance of the selected companies and the S&P 500 index in the last 3 months. This chart allows you to easily identify companies that during this period outperformed (or underperformed) the market.


Let’s go deeper…

Within this section we delve into some of the companies based on financial data and key chart levels. For each of the companies there is a chart (+ description) containing the following key levels that could be reached (or exceeded) in reaction to the earnings report (or in the following days):

  • Resistance and Support (black half-lines)
  • Simple moving average 20-day (blue line), 50-day (red line) and 200-day (black line)

The explanation of financial data section can be found at the end of the article.


Micron Technology (MU)

Micron Technology, Inc., is one of the world’s leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking, and mobile products.

During the last 3 earnings reports, MU reported better than expected EPS on 2 occasions with an average EPS surprise of 13,3% . During the same period, MU stock price reacted positively on 2 occasions with an average reaction of -1,0% .

In the recently ended quarter, analysts expect a -29,0% EPS decline over the same period last year and in the past 3 months MU underperformed the S&P 500 index by -1,1% . Finally, during the past 3 years MU in its worst trading session has fallen by -19,8% , while in its best session it has risen by 13,3% .

Earnings Report date: June 29 (After-Market-Close)

FINANCIALS:

During the last quarter, MU reported $4.797 million in revenue, down -17,8% compared to $5.835 million reported in the same quarter 12 months earlier. In the same period, net income decreased by -75,0% to $405 million, compared to net income of $1.619 million in the previous period, while net margin was 8,4% worsened by -69,6% compared to the same quarter 12 months earlier.

Focusing on annual data, MU revenue in the last 4 quarters totaled $19.599 million, an increase of 58,1% compared to $12.399,0 million in revenue reported 3 years ago. During the same period, MU reported a 932,2% increase in net income to $2.297 million, compared to -$276,0 million net loss in the previous period, while the net margin improved by 626,5% .

KEY CHART LEVELS:

https://www.tradingview.com/x/vtcABixJ/

The current price of MU is $48,49 . The first key level to be overcome on the upside that could lead to a positive trend is the resistance at $54,80 , 13,01% away from the current price. The second key level that if exceeded to the downside could lead at the beginning of a negative trend is the support at $42,48 , -14,15% away from the current price.

Compared to the other 3 key levels to be monitored, MU is below the 20-day moving average , which indicates the presence of a negative short-term trend, above the 50-day moving average which indicates the presence of a positive mid-term trend and below the 200-day moving average which indicates the presence of a negative long-term trend.


Constellation Brands Inc (STZ)

Constellation Brands is a leading producer and marketer of beverage alcohol brands, with a broad portfolio across the wine, spirits and imported beer categories and operations in the U.S., Canada, Mexico, New Zealand and Italy. The company’s major wine and spirts brands include Robert Mondavi, Clos Du Bois, Kim Crawford, SVEKDKA Vodka, and Casa Noble Tequila.

During the last 3 earnings reports, STZ reported better than expected EPS on 3 occasions with an average EPS surprise of 15,9% . During the same period, STZ stock price reacted positively on 2 occasions with an average reaction of -0,6% .

In the recently ended quarter, analysts expect a -13,6% EPS decline over the same period last year and in the past 3 months STZ overperformed the S&P 500 index by 1,5% . Finally, during the past 3 years STZ in its worst trading session has fallen by -15,2% , while in its best session it has risen by 17,2% .

Earnings Report date: July 1 (Before-Market-Open)

FINANCIALS:

During the last quarter, STZ reported $1.903 million in revenue, up 5,9% compared to $1.797 million reported in the same quarter 12 months earlier. In the same period, net income decreased by -67,9% to $398 million, compared to net income of $1.240 million in the previous period, while net margin was 20,9% worsened by -69,6% compared to the same quarter 12 months earlier.

Focusing on annual data, STZ revenue in the last 4 quarters totaled $8.344 million, an increase of 14,0% compared to $7.321,1 million in revenue reported 3 years ago. During the same period, STZ reported a -100,8% decrease in net income to -$12 million, compared to $1.528,6 million net income in the previous period, while the net margin worsened by -100,7% .

KEY CHART LEVELS:

https://www.tradingview.com/x/lTixBYPa/

The current price of STZ is $168,99 . The first key level to be overcome on the upside that could lead to a positive trend is the resistance at $189,42 , 12,09% away from the current price. The second key level that if exceeded to the downside could lead at the beginning of a negative trend is the support at $149,62 , -12,95% away from the current price.

Compared to the other 3 key levels to be monitored, STZ is below the 20-day moving average , which indicates the presence of a negative short-term trend, below the 50-day moving average which indicates the presence of a negative mid-term trend and below the 200-day moving average which indicates the presence of a negative long-term trend.


Conagra Brands Inc (CAG)

Conagra Brands, Inc. manufactures and markets packaged foods for retail consumers, restaurants and institutions. Its operating segment consists of Consumer Foods and Commercial Foods. 

During the last 3 earnings reports, CAG reported better than expected EPS on 2 occasions with an average EPS surprise of 5,6% . During the same period, CAG stock price reacted positively on 3 occasions with an average reaction of 7,8% .

In the recently ended quarter, analysts expect a 83,3% EPS increase over the same period last year and in the past 3 months CAG underperformed the S&P 500 index by -5,2% . Finally, during the past 3 years CAG in its worst trading session has fallen by -16,5% , while in its best session it has risen by 15,9% .

Earnings Report date: June 30 (Before-Market-Open)

FINANCIALS:

During the last quarter, CAG reported $2.555 million in revenue, down -5,6% compared to $2.707 million reported in the same quarter 12 months earlier. In the same period, net income decreased by -15,5% to $204 million, compared to net income of $242 million in the previous period, while net margin was 8,0% worsened by -10,5% compared to the same quarter 12 months earlier.

Focusing on annual data, CAG revenue in the last 4 quarters totaled $10.380 million, an increase of 19,8% compared to $8.664,1 million in revenue reported 3 years ago. During the same period, CAG reported a 213,0% increase in net income to $765 million, compared to -$677,0 million net loss in the previous period, while the net margin improved by 194,3% .

KEY CHART LEVELS:

https://www.tradingview.com/x/kqLskYeK/

The current price of CAG is $32,64 . The first key level to be overcome on the upside that could lead to a positive trend is the resistance at $35,49 , 8,73% away from the current price. The second key level that if exceeded to the downside could lead at the beginning of a negative trend is the support at $31,54 , -3,49% away from the current price.

Compared to the other 3 key levels to be monitored, CAG is below the 20-day moving average , which indicates the presence of a negative short-term trend, below the 50-day moving average which indicates the presence of a negative mid-term trend and above the 200-day moving average which indicates the presence of a positive long-term trend.


Calendar of the week

Inside the image you can find the calendar to know the day on which the companies will release the earnings reports. Every day companies can release the quarterly report in 2 moments:

  • Before Open: the company will release the quarterly report within 1 or 2 hours before the market opens.
  • After Close: the company will release the quarterly report within 1 or 2 hours after the market has closed.

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FINANCIAL DATA section

– Explanation –

This section shows some key financial data contained in the company’s income statement, updated to the latest available earnings report. The 2 tables are as follows:

FIRST TABLE – “Key Data in the past 5 years”

“Key Data in the past 5 years” table shows the amount of Revenue, Net Income and Net Margin (the percentage of Revenue that turns into Net Income) reported in the last year or in the last 4 quarters (TTM-trailing 12-months). In the same table you can find the percentage increase (or decrease) of the 3 items in the last 3 years.

To the right of the table you find a chart containing the trend of Revenue in the last 5 years (green columns) and the trend of Net Income (red line) in the same period. Inside the same chart you will find a semi-transparent line that show the trend line of the Revenue in the last years.

This section is useful for understanding if the company has been growing in recent years.

SECOND TABLE – “Key Data in the last Earnings Report”

“Key Data in the last Earnings Report” table shows the data of the same items of the previous table, but with reference to the last earnings report released by the company in comparison with the same quarter of 12 months before.

On the right of the table you will find the relative chart containing the trend of Revenue (green columns) and Net Income (red columns) in the 2 quarters taken into consideration (current versus last year’s quarter).

This section is useful for understanding if the company has grown in the last quarter compared to the same quarter of last year.

Data are expressed in millions of dollars.


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Sources & additional info

*Chart by stockcharts.com and tradingview.com
*EPS reported, estimated and company description by barchart.com
*Calendar by earningswhispers.com


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