FedEx Earnings Report Focuses on Turbulence at Express and Health of Ground Unit
When FedEx Corp. reports earnings after the market closes on Thursday, much of the focus will likely be on the poor results at the Express unit, the company’s largest by sales. Investors are keen to hear about the progress of Chief Executive Officer Raj Subramaniam’s cost-cutting plan and the rebound of air cargo. Ground, FedEx’s most profitable business, is also a concern as the era of large price increases may be over and there’s a danger that revenue per package may begin to slip.
Ulta Beauty, Inc. Set to Announce Fourth-Quarter Financial Results
Ulta Beauty, Inc. (NASDAQ: ULTA) is set to announce its fourth-quarter financial results, with analysts anticipating a rise in quarterly earnings and revenue. Investor interest has been sparked after better-than-expected third-quarter sales results, leading to increased price targets from leading analysts. Market observers are eagerly awaiting the company’s financial results to gauge its potential impact on the stock market.
SentinelOne Reports Strong Q4 Earnings But Falls Short on Guidance
Cybersecurity firm SentinelOne (S) reported strong fourth-quarter earnings, beating revenue estimates but falling short on guidance, leading to a decline in stock value. Despite a 38% increase in revenue, the stock experienced a 9% decline in extended trading. The company’s full-year fiscal revenue guidance fell slightly below expectations, but its Relative Strength Rating remains high at 93. Investors and industry analysts will be closely monitoring SentinelOne’s performance to gauge its growth potential in the cybersecurity sector.
Oracle Corp. Exceeds Wall Street Expectations with Quarterly Earnings
Oracle Corp. reported quarterly earnings that exceeded Wall Street’s expectations, leading to a 13% surge in its shares during extended trading. The fiscal third quarter ending Feb. 29 saw the company’s earnings per share at $1.41, higher than the expected $1.38, while its revenue of $13.28 billion fell slightly short of the $13.3 billion anticipated. Looking ahead, Oracle projected earnings of $1.62 to $1.66 per share for the fiscal fourth quarter, with revenue growth expected to be between 4% and 6% over sales of $13.8 billion a year ago. Oracle CEO Safra Catz expressed the company’s commitment to reaching its previously stated sales goal of $65 billion by fiscal 2026, suggesting that these targets might be too conservative given the company’s momentum. The quarter saw a 7% increase in revenue from a year earlier, with net income climbing 27% to $2.4 billion. The company’s cloud services and license support segment, its largest business, experienced a 12% sales increase to $9.96 billion, attributed to strong demand for its artificial intelligence servers. Additionally, the company’s cloud revenue rose 25% year over year to $5.1 billion. During the earnings call, Oracle Chairman Larry Ellison mentioned increased business from Microsoft, revealing that Oracle is building 20 data centers for Microsoft and Azure, with three more ordered in the recent week. However, the company’s cloud license and on-premise sales declined 3% to $1.26 billion, slightly beating forecasts.
Ferguson plc (NASDAQ:FERG) Expected to Post Earnings of $9.85 Per Share for Fiscal Year 2024
Ferguson plc (NASDAQ:FERG) is expected to post earnings of $9.85 per share for the fiscal year 2024, as forecasted by equity research analysts at William Blair. This estimate has been increased from their prior forecast of $9.84, indicating a positive outlook for the company’s performance. Other analysts have also shared their insights on Ferguson’s stock, with various rating changes and target prices. The latest earnings report showed a slight miss on EPS and revenue, with institutional investors making adjustments to their holdings.
Vermilion Energy Set to Unveil Quarterly Earnings Report
Vermilion Energy, listed as VET on the NYSE, is set to release its quarterly earnings report, with analysts forecasting an EPS of $0.52. Investors are eager to see if the company will exceed expectations and offer positive guidance. Historical performance shows a pattern in how past earnings have influenced stock prices, with the company’s shares currently reflecting a 14.85% decrease over the past year. Despite this, VET stock showed promising signs of improvement on March 5th, potentially indicating a shift in sentiment towards the company.
Retailers Prepare to Announce Earnings, Costco and Abercrombie & Fitch See Stock Surges
Costco, Abercrombie & Fitch, Ross Stores, and Dick’s Sporting Goods are gearing up to announce their earnings, with investors closely monitoring their guidance. Target reported strong Q4 earnings but offered weak Q1 guidance, causing its stock to soar. Analysts anticipate Costco to achieve earnings of $3.62 per share on revenue of $59.11 billion, while Abercrombie & Fitch exceeded expectations for the holiday quarter. Despite positive results, Abercrombie stock fell 3.6% on Wednesday, reaching around 135.
CrowdStrike Reports Surge in Shares Following Strong Earnings and Guidance
Cybersecurity firm CrowdStrike sees surge in shares after beating top and bottom line expectations, reporting strong guidance for upcoming quarter and full year. Company’s stock jumps 21% in after-hours trading. CrowdStrike aims for $10 billion in annual recurring revenue by 2030.
TopBuild Corp. (NYSE:BLD) Expected to Post Q1 2024 Earnings of $4.68 Per Share, Seaport Res Ptn Forecasts
TopBuild Corp. (NYSE:BLD) is projected to post Q1 2024 earnings of $4.68 per share, with a positive outlook from Seaport Res Ptn. The company recently reported earnings that surpassed expectations, leading to increased price targets and ratings from various research analysts. Market data indicates a ‘Moderate Buy’ consensus rating for TopBuild, with favorable stock performance reflecting the positive forecasts and analyst sentiment.
Telsey Advisory Group Forecasts Abercrombie & Fitch Co. Q2 2025 Earnings of $1.30 Per Share
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report second quarter 2025 earnings of $1.30 per share, with Telsey Advisory Group raising their Q2 2025 earnings estimates for the apparel retailer. Other analysts have also issued research reports and price targets for ANF stock, with CFO Scott D. Lipesky recently selling 50,000 shares.