Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Jun 10, 2021 at 9:46 AM
  • Analyst Update
 
Published on Jun 10, 2021 at 9:40 AM
  • Buzz Stocks

The shares of FuelCell Energy Inc (NASDAQ:FCEL) are off 9.8% at $10.17 this morning, dropping on a fiscal second-quarter earnings and revenue miss. The company cited dwindling service agreements and license revenue as factors for the disappointing report, while its operating expenses rose. 

FCEL has seen a dramatic rise and fall this year, surging to a Feb. 10 three-year high of $29.43, before quickly plummeting with pressure from its 30-day moving average. However, the equity looks to have staged a bounce on its 320-day moving average, putting it back above the aforementioned 30-day late in May. Today's drop has FCEL just north of this trendline, still sporting a year-over-year rise of 331.8%. 

Despite this, analysts are bearish on FCEL. Of the seven in coverage, five say "hold," and two say "sell." Meanwhile, the 12-month consensus price target of $11.96 is a 17.7% premium to current levels, which could mean some lowered price targets from the brokerage bunch. 

Short interest has been on the rise, up 24.9% in the last two reporting periods. The 45.46 million shares sold short now make up an incredible 42.2% of the stock's available float, or a little under two days at its average pace of trading. 

Published on Jun 10, 2021 at 9:19 AM
  • Buzz Stocks

Football Legend Lacing up To Join Skechers

by Schaeffer's Digital Content Team
 
Published on Jun 10, 2021 at 7:33 AM
  • Buzz Stocks

Today's Stock Market News & Events: 6/10/2021

by Schaeffer's Digital Content Team

The economic data schedule will get busy fast today with the usual initial and continuing jobless claims data, the consumer price index (CPI), core CPI, and Federal budget balance.

The following companies are slated to release quarterly earnings reports today, June 10:

John Wiley & Sons Inc. (NYSE:JW-A -- $64.55) operates as a research and learning company worldwide. John Wiley & Son will report its Q4 earnings of 2021 before the bell today.

Signet Jewelers Ltd. (NYSE:SIG -- $61.04) engages in the retail sale of diamond jewelry, watches, and other products. Signet Jewelers will report its Q1 earnings of 2021 before the bell today.

Chewy Inc. (NYSE:CHWY -- $77.77) engages in the pure play e-commerce business in the United States. Chewy will report its Q1 earnings of 2021 after the market closes today.

Dave & Buster's Entertainment Inc. (NASDAQ:PLAY -- $45.81) engages in the ownership and operation of entertainment and dining venues under the name Dave & Buster's. Dave & Buster's will report its Q1 earnings of 2021 after the market closes today.

The following public companies released quarterly earnings reports yesterday, June 9:

Brown-Forman Corp. (NYSE:BF-B -- $79.69) manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. Brown-Forman reported $0.45 earnings per share for the quarter. The business had revenue of $911 million for the quarter. Brown-Forman has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 37.2.

Campbell Soup Co. (NYSE:CPB -- $49.12) engages in the manufacture and market food and beverage products. Campbell Soup reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by $0.09. The company earned $1.98 billion during the quarter, compared to analyst estimates of $2.01 billion.

Lovesac Co. (NASDAQ:LOVE -- $81.76) designs, manufactures, and sells furniture. Lovesac reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.58) by $0.71. The company earned $82.90 million during the quarter, compared to analysts' expectations of $75.06 million.

United Natural Foods Inc. (NYSE:UNFI -- $40.62) distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. United Natural Foods reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.58) by $0.71. The company earned $82.90 million during the quarter, compared to analysts' expectations of $75.06 million.

Vera Bradley Inc. (NASDAQ:VRA -- $13.54) designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. Vera Bradley reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.14. The company earned $109.10 million during the quarter, compared to analyst estimates of $100.86 million.

GameStop Corp. (NYSE:GME -- $300.00) engages in the retail of multichannel video game, consumer electronics, and wireless services. GameStop reported ($0.45) earnings per share for the quarter, beating analysts' consensus estimates of ($0.56) by $0.11. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.16 billion.

Greif Inc. (NYSE:GEF -- $60.42) produces and sells industrial packaging products and services. Greif reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.26 billion.

Oxford Industries Inc. (NYSE:OXM -- $97.79) designs, sources, markets, and distributes products of lifestyle and other brands. Oxford Industries reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.83. The business had revenue of $265.76 million for the quarter, compared to analysts' expectations of $233.07 million.

RH (NYSE:RH -- $628.83) operates as a retailer in the home furnishings. RH reported $4.89 EPS for the quarter, beating analysts' consensus estimates of $4.14 by $0.75. The firm had revenue of $860.79 million for the quarter, compared to analyst estimates of $757.74 million.

Verint Systems Inc. (NASDAQ:VRNT -- $46.67) operates as a sporting goods and outdoor recreational products retailer in the United States. Verint Systems reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $201 million for the quarter, compared to analyst estimates of $197.10 million.

Looking ahead to tomorrow, Friday will feature the consumer sentiment index. All economic dates listed here are tentative and subject to change.

Published on Jun 9, 2021 at 12:15 PM
Updated on Jun 9, 2021 at 4:58 PM
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Published on Jun 9, 2021 at 3:26 PM
  • Buzz Stocks
 
Published on Jun 9, 2021 at 2:35 PM
  • Technical Analysis
  • Options Recommendations
Software name Datadog Inc (NASDAQ:DDOG) is seeing multiple levels of pressure on the charts. A familiar ceiling at the $95 level appears to be keeping a lid on the shares, while an influx of calls at the June 95-strike could also act as resistance in the coming weeks. The 20-week moving average has also been a significant trendline of resistance in the past, and the stock is currently just below it. With these technical layers in place, DDOG appears to be on track to add to its 10.2% year-to-date deficit.
datadog jun 9
Analysts are leaning bullish on the equity, leaving little room for a round of upgrades and plenty of space for a shift in sentiment that could push the stock lower. Of the 19 analysts in coverage, 11 carry a "buy" or better rating on DDOG, while eight recommend a tepid "hold," with not a "sell" or worse in sight. Plus, the 12-month consensus price target of $108.33 is an 22.5% premium to current levels.

 

Lastly, Datadog stock is sporting attractively priced premiums at the moment, too. The stock's Schaeffer's Volatility Index (SVI) of 46% stands higher than just 4% of all other readings from the past year. What’s more, its Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 81 out of a possible 100, indicating that the stock has managed to exceed these volatility expectations over the last 12 months.

 
Our recommended put contract has a leverage ratio of -6.1, and will double on a 13.9% decline in the underlying security.
 
Subscribers to Schaeffer's Weekend Trader options recommendation service received this DDOG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.
Published on Jun 9, 2021 at 12:43 PM
  • Intraday Option Activity
More specifically, calls and puts are being traded at triple the average intraday amount, with 275,000 calls and 30,000 puts crossing the tape already today. 
Published on Jun 9, 2021 at 11:43 AM
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Published on Jun 9, 2021 at 10:36 AM
Updated on Jun 9, 2021 at 10:50 AM
  • Earnings Preview
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Published on Jun 9, 2021 at 10:50 AM
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Published on Jun 9, 2021 at 10:25 AM
  • Analyst Update
 

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