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With the first quarter drawing to a close and in a week shortened by a market holiday on Friday, several key companies will release their earnings reports next week. Leading the pack is Walgreens Boots Alliance (WBA), a global leader in the pharmaceutical and healthcare retail industry.
Additionally, investors will be keeping an eye on earnings reports from Carnival (CCL), Ouster (OUST), McCormick & Co. (MKC), Paychex (PAYX), Cintas (CTAS), Westport Fuel Systems (WPRT), Hut 8 Corp (HUT), Vuzix (VUZI), Altimmune (ALT), 22nd Century Group (XXII), Rumble (RUM) and Emeren Group (SOL).
Below is a summary of the major earnings reports expected for the week of March 25-29:
Monday 25 March
Westport Power Systems (WPRT)
Westport Fuel Systems (WPRT) will report its fourth-quarter earnings on Monday after the closing bell. The title, which has fell by about 24% over a 12-month period, it has received a buy rating from Wall Street analysts, while Seeking Alpha’s Quant rating system has fluctuated between sell and hold ratings.
In January, the company named Dan Sceli as Westport’s new CEO and board member. He took over the role of Tony Guglielmin.
- Consensus EPS Estimates: -$0.53
- Consensus revenue estimates: $85.34 million
- Earnings Analysis: The company has beaten EPS estimates in 6 of the last 8 quarters and revenue expectations in 7 of those reports.
Also reporting: The Metals Company (TMC), GreenTree Hospitality Group (GHG), Rekor Systems (REKR), BuzzFeed (BZFD), Orgenesis (ORGS), Exela Technologies (XELA), Eterna Therapeutics (ERNA), Tivic Health Systems (TIVC), D-Market Elektronik Hizmetler and Ticaret AS (HEPS), Bitcoin Depot (BTM), LightInTheBox Holding (LITB), Burning Rock Biotech Limited (BNR), Viomi Technology (VIOT) and more.
Tuesday 26 March
GameStop (GME)
Video game retailer GameStop (GME) is expected to report its fourth-quarter earnings after the closing bell on Tuesday. The stock is down 24% year-over-year and nearly 44% over a trailing 12-month period. Wall Street analysts recommend a Strong Sell rating, while Seeking Alpha’s Quant Ratings system sees it as a Sell.
Seeking Alpha investment group leader Josh Arnold notes: “Revenue performance and operating margins will be critical factors to watch in the next report, but the stock’s valuation is still questionable.”
- Consensus EPS Estimates: $0.30
- Consensus revenue estimates: $2.05 billion
- Earnings Analysis: GameStop has beaten EPS and revenue estimates in 4 of the last 8 quarters.
Also reporting: McCormick & Company (MKC), nCino (NCNO), BioLineRx (BLRX), DouYu International Holdings Limited (DOYU), Ouster (OUST), Delcath Systems (DCTH), Oragenics (OGEN), TD SYNNEX Corporation (SNX), PaySign (PAYS), GDS Holdings Limited (GDS), WidePoint Corporation (WYY), Aptose Biosciences (APTO), Elbit Systems (ESLT) and others.
Wednesday 27 March
Carnival (CCL)
Carnival (CCL) will report its quarterly earnings before the opening bell on Wednesday, with analysts expecting sales and EPS to improve from a year earlier.
The stock has significantly outperformed the broader market, rising 87% over the past 12 months. Seeking Alpha’s Quant Rating system maintains a Strong Buy rating, while Wall Street analysts have a consensus Buy recommendation.
Ahmed Abdelazim, author of Seeking Alpha, optimistic about the stock, expects a 20% increase in cruise line passengers compared to 2019, attributing this growth to Carnival’s leading market share, which is expected to generate higher revenues and net profits, surpassing the management forecasts.
- Consensus EPS Estimates: -$0.18
- Consensus revenue estimates: $5.41 billion
- Earnings Analysis: The company has beaten EPS estimates in 5 of the last 8 quarters and revenue expectations in only 4 of those reports.
Also reporting: Rumble (RUM), Spectral AI (MDAI), Dominari Holdings (DOMH), Super League Enterprise (SLE), Ault Alliance (AULT), Semantix (STIX), Paychex (PAYX), Verastem (VSTM), Altimmune (ALT) , Aqua Metals (AQMS), Tsakos Energy Navigation Limited (TNP), Ampio Pharmaceuticals (AMPE), Greenidge Generation Holdings (GREE), Jefferies Financial Group (JEF), Precision BioSciences (DTIL), LogicMark (LGMK), PLBY Group (PLBY ), Maxeon Solar Technologies (MAXN), Verint Systems (VRNT) and more.
Thursday 28 March
Walgreens Boots Alliance (WBA)
Walgreens Boots Alliance (WBA) will release its quarterly results before the opening bell on Thursday, with analysts predicting a decline in earnings from a year earlier.
Both Wall Street analysts and Seeking Alpha’s Quant Rating system have a Hold rating on the stock, which has seen a 21% decline so far this year.
Walgreens Boots Alliance has an opportunity to acquire Rite Aid stores and expand its geographic footprint, according to SA author Investor Overview. They consider it one of the best value stocks on the market, noting that some valuation metrics are at 10-year lows.
- Consensus EPS Estimates: $0.83
- Consensus revenue estimates: $35.85 billion
- Earnings Analysis: WBA has surpassed revenue estimates in 8 consecutive quarters and EPS estimates in 6 of these reports.
Also reporting: Ideanomics (IDEX), 22nd Century Group (XXII), Hut 8 (HUT), Ayro (AYRO), Emeren Group (SOL), AST SpaceMobile (ASTS), Danimer Scientific (DNMR), Dynagas LNG Partners LP Common Units (DLNG ), Actinium Pharmaceuticals (ATNM), MSC Industrial Direct (MSM), Galapagos NV (GLPG), Agile Therapeutics (AGRX), Iterum Therapeutics (ITRM), Semtech Corporation (SMTC), Daré Bioscience (DARE), Planet Labs PBC (PL ), Nuvve Holding (NVVE), Arcadia Biosciences (RKDA), Accelerate Diagnostics (AXDX), Consolidated Water (CWCO), Caledonia Mining Corporation (CMCL), American Resources Corporation (AREC) and others.
Friday 29 March
Good Friday, US markets will be closed.