Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Oct 14, 2021 at 10:30 AM
  • Buzz Stocks
 Bank of America reported third-quarter profits of 85 cents per share, well above Wall Street's estimates of 71 cents per share, on revenue of $22.87 billion, which also beat expectations. 
Published on Sep 24, 2021 at 10:18 AM
  • Buzz Stocks
Today, options traders have been quick to the draw, with 21,000 calls and 14,000 puts across the tape straight out of the gate -- six times the typical volume seen at this point.
Published on Sep 23, 2021 at 3:47 PM
Updated on Sep 23, 2021 at 4:08 PM
  • Earnings Preview
These players are getting busy ahead of the company's quarterly event, with 59,000 calls and 29,000 puts across the tape so far, which is three times the intraday average.
Published on Sep 23, 2021 at 10:21 AM
  • Buzz Stocks
KB Home reported third-quarter earnings of $1.60 per share after the close yesterday, which is just shy of Wall Street's anticipated $1.62 per share, with revenue coming in below expectations as well.
Published on Aug 16, 2021 at 1:03 PM
Updated on Sep 10, 2021 at 10:09 AM
  • Earnings Preview
Options volume is running double what's typically seen at this point, with 64,000 calls and 25,000 puts across the tape so far. The August 152.50 call is the most popular, followed by the 150 call in the same series, with positions being opened at the former. 
Published on Sep 2, 2021 at 10:34 AM
Updated on Sep 2, 2021 at 1:50 PM
  • Buzz Stocks
The department store name reported earnings of $1.15 per share, four cents above estimates, alongside lower-than-expected revenue. Due to Covid-19 uncertainties, the company didn't issue a full-year forecast, however, it did announce strong expectations for the third quarter. 
Published on Aug 31, 2021 at 12:54 PM
Updated on Sep 2, 2021 at 9:03 AM
  • Intraday Option Activity
  • Earnings Preview
Online pet supply retailer Chewy Inc (NYSE:CHWY) is gearing up for its fiscal second-quarter earnings report, due out after the close tomorrow, Sept. 1. 
Published on Sep 1, 2021 at 10:18 AM
  • Buzz Stocks
The company reported upbeat second-quarter results and strong third-quarter guidance. Security and automotive cameras were behind a good portion of the profits. 
Published on Aug 31, 2021 at 9:36 AM
Updated on Aug 31, 2021 at 12:19 PM
  • Buzz Stocks

The shares of Designer Brands Inc (NYSE:DBI) are on their way up the charts this morning, last seen up 2.5% at $16.21 after the company's upbeat second-quarter earnings report. Designer Brands posted profits of 56 cents per share on $817.34 million in revenue, topping Wall Street's estimates. The footwear retailer also reported an 84.9% jump in same-sales for the second-quarter, which also easily topped estimates.. 

Analysts have yet to chime in, though there's plenty of room for upgrades. Of the six in coverage, five consider DBI a tepid "hold," compared to one "buy." Meanwhile, the stock sports a 12-month consensus target price of $20.75, which is a 24.3% premium to last night's close. 

Short sellers were hitting the exits ahead of today's earnings event. Short interest dropped 5.4% in the most recent reporting period. A further unwinding of these shorts could put additional wind at the equity's back, as the 7.33 million shares sold short make up 12.7% of the stock's available float, and would take over a week to cover at DBI's average daily pace of trading. 

The DSW parent's technical setup looks promising too. The security just blew past pressure at it 50-day moving average, which now looks to be providing support on the chart, while the 200-day moving average helped contain the stock's pullback from its May 18 two-year peak of $20.48. Plus, year-over-year, DBI is up over 106%. 

Published on Aug 27, 2021 at 10:11 AM
Updated on Aug 27, 2021 at 10:21 AM
  • Buzz Stocks
The computer giant reported second-quarter earnings of $2.24 per share, beating analyst estimates of $2.03 per share, as well as higher-than-anticipated revenue. Personal computer sales gave the company a boost, and it's noteworthy that sector peer HP Inc (HPQ) reported a fiscal third-quarter revenue miss due to the supply chain shortage, while Dell dealt with it more successfully.  
Published on Aug 26, 2021 at 1:24 PM
  • Earnings Preview
Options traders are chiming in today. So far, 2,522 calls and 2,488 puts have exchanged hands, five times the intraday average. The most popular position in the September 55 put, followed by the 60 call in the same series, with positions being opened at the latter. 
Published on Aug 26, 2021 at 10:17 AM
  • Buzz Stocks
So far, 20,000 calls have crossed the tape, which is 25 times what is typically seen at this point, compared to 7,862 puts. The most popular positions are the weekly 8/27 420- and 410-strike calls, with new positions being opened at both. 

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