Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Nov 20, 2020 at 10:36 AM
  • Intraday Option Activity
  • Buzz Stocks
  • Analyst Update
Today's options pits are flashing a flurry of activity on both sides of the fence. In fact, in the first hour of trading, over 12,000 calls and 6,000 puts have exchanged hands -- 17 times the intraday average and volume pacing in the highest percentile of the last 12 months.
Published on Nov 20, 2020 at 10:13 AM
  • Analyst Update
 
Published on Nov 20, 2020 at 9:45 AM
  • Earnings Preview
  • Buzz Stocks

PNC Stock in Focus for Premium Buyers

by Schaeffer's Digital Content Team

The PNC Financial Services Group, Inc. (NYSE:PNC) recently announced an agreement to acquire the U.S. side of BBVA’s business. With this acquisition, PNC Financial Services would become the largest regional bank company in the US and the 5th biggest largest U.S. retail bank. PNC Financial Services would only be trailing JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C).

So far in 2020, PNC has taken a 17% haircut. However, the shares last week cleared their 320-day moving average, a trendline that stifled a rally back in June. In the last six months, the stock has tacked on 25%. 

Using Schaeffer's robust historical database, we conduct extensive research on each underlying equity and determined which of those underlying equities’ options have historically had underpriced or overpriced options. In doing so, each stock is given a Schaeffer's Volatility Scorecard (SVS) ranking. PNC is currently sporting a ranking of 82 out of 100. A high SVS reading indicates that the stock has consistently delivered bigger returns than its options implied volatility (IV) levels have predicted, meaning it may be a strong candidate for premium-buying strategies going forward. 

PNC Financial Services has beat expectations on all of its four most recent earnings reports. In the fourth quarter of 2019, PNC Financial Services beat expectations by $0.04. To kick off 2020, the company beat expectations by a margin of $0.24. PNC Financial Services boosted its EPS to remarkable $8.40 in the second quarter of 2020. beating expectations by an enormous margin of $7.89. In its most recent quarterly report, PNC Financial Services beat its earnings target by a whopping 60% with a reported an EPS of $3.39 instead of the expected EPS of $2.12. As for PNC Financial Services' next earnings report, the company is expected to report an EPS of $2.53.

PNC stock offers a forward dividend of $4.60 and a dividend yield of 3.56%. The last dividend PNC Financial Services paid was for $1.15. The company has paid dividends since 1986.

As would be expected of such a large banking institution, PNC Financial Services' fundamentals are solid. The only negative fundamental mark is the $42.65 billion in debt that the company holds. Nonetheless, the bank's profits are consistent and its revenues continue to grow on an annual basis. Furthermore, PNC currently trades at an unreasonably low price-earnings ratio of 7.83 and offers a fairly high dividend yield. In addition, the company also has a book value of $117.36 and price-to-book value of 1.11, which means the stock trades at nearly the same price as what the company’s equity is worth.

Overall, as an investment, PNC Financial Services has all the security that comes with most of the other big bank stocks. The company's recent acquisition of BBVA USA demonstrates its ambition to grow and compete with the “Big Four Banks." From a risk/reward perspective, PNC stock is perhaps one of the most attractive plays within the banking sector right now.

Published on Nov 20, 2020 at 7:20 AM
Updated on Nov 20, 2020 at 7:31 AM
  • Buzz Stocks

Today's Stock Market News & Events: 11/20/2020

by Schaeffer's Digital Content Team

Stocks rose on Thursday across all three major U.S. stock markets after back-to-back days of losses as investors flocked toward major tech names in the face of a third-wave of coronavirus infections and after data from Johns Hopkins University showed that the seven-day average of daily new U.S. COVID-19 positive cases clocked over 161,000, and the death toll topped a quarter million. News from Senate Minority Leader Chuck Schumer, that Majority Leader Mitch McConnell is willing to resume stimulus relief talks also boosted investor spirits yesterday. The Dow Jones Industrial Average (DJI - 29,483.23) rose 44.8 points yesterday. The S&P 500 Index (SPX - 3,581.87) gained 14.1 points while the Nasdaq Composite (IXIC - 11,904.71) added 103.1 points for the day yesterday. The Cboe Volatility Index (VIX - 23.11) fell 0.7 point on Thursday, November 19.

TGIF! Today we're looking at a pretty lowkey end to this rollercoaster of a week, as we close out the week with no noteworthy economic data to report. We will, however, see a handful of interesting companies step up to report quarterly earnings today.


For your convenience, we have rounded up the companies slated to release earnings today, November 20:

The Buckle, Inc. (NYSE:BKE -- $28.81) operates as a retailer of casual apparel, footwear, and accessories for young men and women. Buckle will report its third-quarter earnings before the bell today.

Foot Locker, Inc. (NYSE:FL -- $41.33) operates as an athletic footwear and apparel retailer. Foot Locker will report its third-quarter earnings before the bell today.

GSX Techedu, Inc. (NYSE:GSX -- $71.35) provides online K-12 after-school tutoring services in the People's Republic of China. GSX has soared up by 252.9% year-over-year. GSX Techedu will report its third-quarter earnings before the bell today.

HeadHunter Group PLC (NASDAQ:HHR -- $25.27) operates an online recruitment platform. HeadHunter Group will report its third-quarter earnings before the bell today.

Hibbett Sports, Inc. (NASDAQ:HHR -- $42.13) engages in the retail of athletic-inspired fashion products. Hibbett Sports will report its third-quarter earnings of 2021 before the bell today.


Here’s a recap of how yesterday’s earning announcements compared to expectations:

Atkore International Group, Inc. (NYSE:ATKR -- $31.04) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S). Earnings per share increased 16.83% over the past year to $1.18, which beat the estimate of $0.68. Revenue of $477,420,000 declined by 4.84% from the same period last year, which beat the estimate of $430,030,000.

Berry Global, Inc. (NYSE:BERY -- $53.48) manufactures and supplies non-woven, flexible, and rigid products. Earnings per share rose 76.67% year over year to $1.59, which beat the estimate of $1.22. Revenue of $3,008,000,000 declined by 0.36% year over year, which beat the estimate of $2,970,000,000.


BJ's Wholesale Club Holdings, Inc. (NYSE:BJ -- $43.00) operates warehouse clubs on the East Coast of the United States. Earnings per share were up 124.39% year over year to $0.92, which beat the estimate of $0.64. Revenue of $3,732,000,000 higher by 15.58% from the same period last year, which beat the estimate of $3,680,000,000.

Brady Corporation (NYSE:BRC -- $46.62) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products. Earnings per share were down 8.57% year over year to $0.64, which beat the estimate of $0.57. Revenue of $277,227,000 declined by 3.39% from the same period last year, which beat the estimate of $270,520,000.

Canadian Solar, Inc. (NASDAQ:CSIQ -- $38.72) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Earnings per share fell 77.27% year over year to $0.15, which beat the estimate of ($0.05). Revenue of $914,360,000 up by 20.33% year over year, which beat the estimate of $861,930,000.

Macy's, Inc. (NYSE:M -- $8.99) operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. Earnings per share decreased 371.43% year over year to ($0.19), which beat the estimate of ($0.79). Revenue of $3,990,000,000 decreased by 22.87% from the same period last year, which beat the estimate of $3,860,000,000.

MAXIMUS, Inc. (NYSE:MMS -- $73.00) provides business process services (BPS) to government health and human services programs worldwide. Earnings per share rose 9.68% over the past year to $1.02, which beat the estimate of $0.89. Revenue of $923,836,000 higher by 22.37% year over year, which beat the estimate of $862,050,000.

NetEase, Inc. (NASDAQ:NTES -- $85.50) provides online services focusing on content, community, communication, and commerce. Earnings per share fell 84.45% year over year to $0.79, which beat the estimate of $0.39. Revenue of $2,748,000,000 rose by 34.18% from the same period last year, which missed the estimate of $2,770,000,000

The Children's Place, Inc. (NASDAQ:PLCE -- $37.75) operates as a children's specialty apparel retailer. Earnings per share were down 52.48% year over year to $1.44, which beat the estimate of $0.36. Revenue of $425,571,000 declined by 18.91% year over year, which beat the estimate of $392,130,000.

Caleres, Inc. (NYSE:CAL -- $12.18) engages in the retail and wholesale of footwear. Earnings per share decreased 38.46% over the past year to $0.48, which beat the estimate of $0.04. Revenue of $647,480,000 decreased by 18.29% from the same period last year, which beat the estimate of $619,500,000.

Esco Technologies, Inc. (NYSE:ESE -- $99.35) produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. Earnings per share were down 17.43% year over year to $0.90, which beat the estimate of $0.76. Revenue of $208,030,000 declined by 12.10% from the same period last year, which beat the estimate of $188,710,000.

Helmerich & Payne, Inc. (NYSE:HP -- $19.77) engages in drilling oil and gas wells for exploration and production companies. Earnings per share were down 294.74% over the past year to ($0.74), which beat the estimate of ($0.80). Revenue of $208,267,000 decreased by 67.91% from the same period last year, which beat the estimate of $201,980,000.

Post Holdings, Inc. (NYSE:POST -- $97.12) operates as a consumer packaged goods holding company. Earnings per share decreased 58.27% over the past year to $0.58, which missed the estimate of $0.77. Revenue of $1,411,000,000 declined by 2.22% year over year, which missed the estimate of $1,440,000,000.

Ross Stores, Inc. (NASDAQ:ROST -- $111.30) operates off-price retail apparel and home fashion stores. Earnings per share fell 0.97% over the past year to $1.02, which beat the estimate of $0.61. Revenue of $3,755,000,000 declined by 2.44% year over year, which beat the estimate of $3,430,000,000.

Williams-Sonoma, Inc. (NYSE:WSM -- $97.16) operates as an omni-channel specialty retailer of various products for home. Earnings per share were up 150.98% over the past year to $2.56, which beat the estimate of $1.53. Revenue of $1,765,000,000 rose by 22.40% year over year, which beat the estimate of $1,600,000,000.

Woodward, Inc. (NASDAQ:WWD -- $107.49) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Earnings per share were down 38.52% over the past year to $0.75, which beat the estimate of $0.54. Revenue of $531,264,000 declined by 27.87% from the same period last year, which beat the estimate of $520,520,000.

Workday, Inc. (NASDAQ:WDAY -- $223.61) provides enterprise cloud applications worldwide. Earnings per share rose 62.26% over the past year to $0.86, which beat the estimate of $0.67. Revenue of $1,106,000,000 rose by 17.90% year over year, which beat the estimate of $1,090,000,000.


Even though Wall Street is heading toward a holiday-shortened week next week, there's still plenty for investors to look forward to. Monday features a plethora of data, including the Chicago Fed national activity data, while Tuesday follows up with the Case-Shiller national price index. Wednesday is where the bulk of this week's data is, including employment data, as well as durable goods orders, new home sales, and plenty of consumer data. 

While earnings season is coming to an end, a number of retail names are still ready to release their reports, including Best Buy (BBY), Dick's Sporting Goods (DKS), Dollar Tree (DLTR), Gap (GPS), and Urban Outfitters (URB). All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Remember, the market will be closed on Thursday in observance of Thanksgiving, and closed for a half day on Friday (open from 9:30 a.m. ET until 1:00 p.m. ET).

Published on Nov 19, 2020 at 5:27 PM
  • The Week Ahead

Even though Wall Street is heading toward a holiday-shortened week, there's still plenty for investors to look forward to. Monday features a plethora of data, including the Chicago Fed national activity data, while Tuesday follows up with the Case-Shiller national price index. Wednesday is where the bulk of this week's data is, including employment data, as well as durable goods orders, new home sales, and plenty of consumer data. 

While earnings season is coming to an end, a number of retail names are still ready to release their reports, including Best Buy (BBY), Dick's Sporting Goods (DKS), Dollar Tree (DLTR), Gap (GPS), and Urban Outfitters (URB).

Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, November 23 kicks the week off with a bang, as the latest Chicago Fed national activity data is due out. Additionally, Markit manufacturing and services PMI will  be reported.

Tuesday, November 24 comes with the Case-Shiller national home price index, as well as the consumer confidence index.

It's an absolutely jam-packed day on Wednesday, November 25, as initial and continuing jobless claims data is slated to be released. Meanwhile, durable goods and core capital goods orders data are on tap, as well, while new home sales will be reported later on. Rounding out the day, personal income, consumer spending, core inflation, and the consumer sentiment index data are all due out.

Thursday, November 26 is Thanksgiving Day, so the markets will be closed for the holiday.

It's a similarly slow day on Friday, November 27, as no economic data will be released and markets closing at 1 p.m.

Published on Nov 19, 2020 at 11:25 AM
Updated on Nov 19, 2020 at 3:31 PM
  • Buzz Stocks

The shares of Nasdaq Inc (NASDAQ:NDAQ) are up 3% at $126.43 this morning, following news that the shares exchange operator entered a definitive agreement to purchase anti-financial crime software name Verafin in a $2.75 billion cash deal. Nasdaq said it believes the deal will bolster its current suite of financial security products. 

This pop has NDAQ set to snap a five-day losing streak, bolstered by familiar support at the 150-day moving average -- a trendline that deftly captured a pullback in late October. Though it still has a ways to go before reaching its Nov. 9 all-time-high of $139.50, the equity still sports a 19.6% year-over-year lead. 

While options volume remains subdued, the 799 calls that have crossed the tape so far today are more than double what is typically seen at this point, and over three times the number of puts exchanged. Most popular by far is the monthly December 120 call, where positions are currently being opened, while the November 120 call is trailing behind. 

The brokerage bunch is split on the security, with six of the 13 in question calling it a "strong buy," and seven saying "hold." Meanwhile, the 12-month consensus price target of $143.56 is a 13.4% premium to current levels. 

 

Published on Nov 19, 2020 at 2:53 PM
  • Earnings Preview
 
Published on Nov 19, 2020 at 12:26 PM
Updated on Nov 19, 2020 at 2:39 PM
  • Options Recommendations

Restaurant chain Texas Roadhouse Inc (NASDAQ:TXRH) has enjoyed an impressive rally from its mid-March lows, despite the coronavirus pandemic’s weight on the sector. The stock pulled back sharply from its all-time high at the beginning of the week, but its 40-day moving average stepped up as support. This moving average is important; it connects a trendline from those March lows, and has been a key area for both bull and bearish trends. That being said, now looks like an opportune time to bet on TXRH’s next leg higher.

TXRH Chart Nov 19

It’s certainly a good time for contrarians to weigh in, considering the equity’s Schaeffer’s put/call open interest ratio (SOIR) of 1.88, which sits in the 97th percentile of its annual range. This means short-term options traders have rarely been more put-biased in the past 12 months. Furthermore, TXRH’s 10-day put/call volume ratio of 2.87 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 84% of readings from the past year.

Although shorts are in covering mode, short interest still makes up 7.1% of the security’s available float. It would take over five days to buy back those bearish bets, at TXRH’s average pace of trading. Meanwhile, a round of analyst upgrades could act as a tailwind as well. Of the 18 brokerages in coverage, 15 sport a lukewarm “hold” rating on the stock.

The good news for options traders is that the stock’s Schaeffer’s Volatility Index (SVI) of 49% sits higher than just 15% of all other annual readings, meaning options traders are pricing in relatively low volatility expectations at the moment. Plus, Texas Roadhouse stock’s Schaeffer’s Volatility Scorecard (SVS) ranks at a relatively high 73 out of 100, meaning the equity has tended to exceed these expectations.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this TXRH 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 Nov 19, 2020 at 10:18 AM
  • Analyst Update
Today's news has options traders flying in, with 14,000 calls and 3,521 puts across the tape already -- 20 times what's typically seen at this point. The November 35 call is the most popular, with plenty of traders betting on more upside for the equity by tomorrow's expiration. 
Published on Nov 19, 2020 at 10:06 AM
  • Buzz Stocks
 
Published on Nov 19, 2020 at 9:41 AM
Updated on Nov 19, 2020 at 9:59 AM
  • Earnings Preview
  • Buzz Stocks

Processed food giant Campbell Soup Company (NYSE:CPB) operates and owns many popular brands including Prego, Pepperidge Farm, and V8. The company is most well-known for its iconic Campbell Soup brand. Throughout the coronavirus pandemic, CPB has been one of the few stocks that has not seen much volatility as compared to its peers. The stock scored a three-year high of $57.54 on March 17 and fell to an annual low of $40.70 just a week later by March 27. Despite the choppy price action, the shares are holding on to their year-to-date breakeven level.

Using Schaeffer's extensive historical database, we conduct extensive research on each underlying equity and determined which of those underlying equities’ options have historically had underpriced or overpriced options. We rank each equity’s options relative to the others in our database, with scores ranging from zero to 100. Low SVS readings like this one point to CPB stock having consistently realized lower volatility than their options have priced in -- pointing to possible premium-selling candidates. CPB  currently ranks a 5 out of 100 on the Schaeffer's Volatility Scorecard (SVS). 

Campbell Soup Company has beat expectations on all four of its most recent earnings reports. In the fourth quarter of 2019, Campbell Soup Company beat expectations by $0.07. The company reported an earnings per share (EPS) of $0.78. In the following quarter, Campbell Soup Company dropped its reported EPS to $0.72. The company beat expectations by a margin of $0.06. The company boosted an EPS to $0.83 in the second quarter of 2020, beating expectations by $0.08. Most recently, in the company's fiscal third quarter earnings report, Campbell Soup Company beat Its earnings target by 5%.  The company reported an EPS of $0.63 instead of the expected EPS of $0.60, representing a $0.20 decrease in EPS as compared to the previous quarter. For Campbell Soup Company's upcoming earnings report, the company is expected to increase its EPS to $0.91.

Campbell Soup stock has a forward dividend of $1.40 and a dividend yield of 2.84%. The last dividend the company paid was for $0.35. Campbell Soup Company has paid dividends since 1980.

Campbell Soup Company's business model is about as straightforward as a company can get. Over the company’s extensive history, it has managed to gain a sizable market share through heavy product marketing; its brand is one of most recognizable in the United States.

Campbell Soup Company has maintained its steady revenue repeatedly for many years and will likely continue to do so. The company has also managed to pretty regularly increase its dividends for its investors since 1980. Campbell Soup Company's reliable dividend coupled with the stock’s lack of volatility has made CPB stock one of the best dividend stocks in the market. Some dividend-focused investors are probably kicking themselves for not picking the stock up when CPB stock price was in the low $40 range earlier this year.

Published on Nov 19, 2020 at 7:32 AM
  • Buzz Stocks

Today's Stock Market News & Events: 11/19/2020

by Schaeffer's Digital Content Team

Stocks fell for a second-straight day yesterday, taking an extended breather after the market's recent rally to record highs on Monday. All three major U.S. stock market indexes fell on Wednesday as investors considered the recent vaccine developments at the same time that coronavirus cases continued to surge. Amazon.com (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Facebook (FB) all backpedaled yesterday, too. The Dow Jones Industrial Average (DJI - 29,438.42) lost 344.9 points on Wednesday, while the S&P 500 Index (SPX - 3,567.79) fell 41.7 points. The Nasdaq Composite (IXIC - 11,801.60) lost 97.74 points during yesterday's trading session. The Cboe Volatility Index (VIX - 23.84) rose 1.1 point for the day yesterday.

Investors can expect that plenty of data is due out today. This data includes jobless claims data, the Philly Fed index, and existing home sales. Also set to be reported on is last month's leading economic indicators. We will, however, see some big retail names entering the earnings confessional, including Macy's (NYSE:M), BJ's Wholesale (NYSE:BJ), Ross Stores (NASDAQ:ROST), and Williams-Sonoma (NYSE:WSM).


For your convenience, we have rounded up the companies slated to release earnings today, November 19:

Atkore International Group, Inc. (NYSE:ATKR -- $31.04) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S). Atkore International will report its fourth-quarter earnings before the bell today.

Berry Global, Inc. (NYSE:BERY -- $53.48) manufactures and supplies non-woven, flexible, and rigid products. Berry Global will report its fourth-quarter earnings before the bell today.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ -- $43.00) operates warehouse clubs on the East Coast of the United States. BJ's Wholesale will report its third-quarter earnings before the bell today.

Brady Corporation (NYSE:BRC -- $46.62) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products. Brady will report its fourth-quarter earnings before the bell today.

Canadian Solar, Inc. (NASDAQ:CSIQ -- $38.72) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Canadian Solar will report its third-quarter earnings before the bell today.

Macy's, Inc. (NYSE:M -- $8.99) operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. Macy's will report its third-quarter earnings before the bell today.

MAXIMUS, Inc. (NYSE:MMS -- $73.00) provides business process services (BPS) to government health and human services programs worldwide. MAXIMUS will report its third-quarter earnings before the bell today.

Netease, Inc. (NASDAQ:NTES -- $85.50) provides online services focusing on content, community, communication, and commerce. NTES is currently up by 27.5% year-over-year. Netease will report its third-quarter earnings before the bell today.

The Children's Place, Inc. (NASDAQ:PLCE -- $37.75) operates as a children's specialty apparel retailer. The Children's Place will report its third-quarter earnings before the bell today.

Beacon Roofing Supply, Inc. (NASDAQ:BECN -- $37.13) distributes residential and commercial roofing materials, and other complementary building materials. Beacon Roofing Supply will report its third-quarter earnings before the bell today.

BEST, Inc. (NYSE:BEST -- $3.13) operates as a smart supply chain service provider in the People's Republic of China. BEST will report its third-quarter earnings before the bell today.

Caleres, Inc. (NYSE:CAL -- $12.18) engages in the retail sale and wholesale of footwear. Caleres will report its third-quarter earnings before the bell today.

Esco Technologies, Inc. (NYSE:ESE -- $99.35) produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. Esco Tech will report its third-quarter earnings before the bell today.

Helmerich & Payne, Inc. (NYSE:HP -- $19.77) engages in drilling oil and gas wells for exploration and production companies. Helmerich & Payne will report its fourth-quarter earnings before the bell today.

Intuit Surgical, Inc. (NASDAQ:ISRG -- $733.38) designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Intuit will report its third-quarter earnings before the bell today.

Post Holdings, Inc. (NYSE:POST -- $97.12) operates as a consumer packaged goods holding company. Post will report its fourth-quarter earnings before the bell today.

Ross Stores, Inc. (NASDAQ:ROST -- $111.30) operates off-price retail apparel and home fashion stores. Ross Stores will report its third-quarter earnings before the bell today.

Williams-Sonoma, Inc. (NYSE:WSM -- $97.16) operates as an omni-channel specialty retailer of various products for home. Williams-Sonoma will report its third-quarter earnings before the bell today.

Woodward, Inc. (NASDAQ:WWD -- $107.49) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Woodward will report its fourth-quarter earnings before the bell today.

Workday, Inc. (NASDAQ:WDAY -- $223.61) provides enterprise cloud applications worldwide. Workday will report its third-quarter earnings before the bell today.

Here’s a recap of how yesterday’s earning reports compared to expectations:

Avaya Holdings Corp. (NYSE:AVYA -- $19.49) provides digital communications products, solutions, and services for businesses worldwide. Earnings per share decreased 45.07% year over year to $0.39, which may not compare to the estimate of $1.20. Revenue of $755,000,000 higher by 4.43% year over year, which beat the estimate of $733,550,000.

Lowe's Companies, Inc. (NYSE:LOW -- $159.86) operates as a home improvement retailer. Earnings per share rose 40.43% year over year to $1.98, which missed the estimate of $1.99. Revenue of $22,309,000,000 higher by 28.30% from the same period last year, which beat the estimate of $21,250,000,000.

Spire, Inc. (NYSE:SR -- $64.54) engages in the purchase, retail distribution, and sale of natural gas. Earnings per share rose 31.48% over the past year to ($0.37), which beat the estimate of ($0.41). Revenue of $251,900,000 rose by 11.66% from the same period last year, which missed the estimate of $298,070,000.

The TJX Companies, Inc. (NYSE:TJX -- $61.14) operates as an off-price apparel and home fashions retailer. Earnings per share increased 4.41% over the past year to $0.71, which beat the estimate of $0.40. Revenue of $10,117,000,000 decreased by 3.20% from the same period last year, which beat the estimate of $9,360,000,000.

Copa Holdings Holdings, S.A. (NYSE:CPA -- $73.53) provides airline passenger and cargo services. Earnings per share were down 216.73% over the past year to ($2.86), which missed the estimate of ($2.74). Revenue of $32,382,000 declined by 95.43% year over year, which missed the estimate of $39,020,000.

Copart, Inc. (NASDAQ:CPRT -- $116.19) provides online auctions and vehicle remarketing services. Earnings per share were up 21.54% year over year to $0.79, which beat the estimate of $0.71. Revenue of $592,940,000 higher by 6.95% year over year, which beat the estimate of $577,750,000.

Jack In The Box, Inc. (NASDAQ:JACK -- $87.06) operates and franchises Jack in the Box quick-service restaurants. Earnings per share increased 69.47% over the past year to $1.61, which beat the estimate of $1.14. Revenue of $255,401,000 up by 15.44% year over year, which beat the estimate of $249,190,000.

Keysight Technologies, Inc. (NYSE:KEYS -- $117.56) provides electronic design and test solutions. Earnings per share increased 21.80% year over year to $1.62, which beat the estimate of $1.46. Revenue of $1,220,000,000 up by 8.73% from the same period last year, which beat the estimate of $1,180,000,000.

L Brands, Inc. (NYSE:LB -- $35.45) operates as a specialty retailer of women's intimate and other apparel, personal care, and beauty and home fragrance products. Earnings per share rose 5550.00% over the past year to $1.13, which beat the estimate of $0.09. Revenue of $3,055,000,000 rose by 14.12% from the same period last year, which beat the estimate of $2,670,000,000.

Nuance Communications, Inc. (NASDAQ:NUAN -- $34.44) provides conversational artificial intelligence (AI) innovations. Earnings per share decreased 45.45% year over year to $0.18, which beat the estimate of $0.16. Revenue of $352,931,000 declined by 25.01% year over year, which beat the estimate of $345,720,000.

PagSeguro Digital Ltd. (NYSE:PAGS -- $45.24) provides financial technology solutions and services. Earnings per share decreased 46.43% over the past year to $0.15, which missed the estimate of $0.20. Revenue of $331,354,000 decreased by 5.63% year over year, which beat the estimate of $320,940,000.

Shoe Carnival, Inc. (NASDAQ:SCVL -- $36.08) operates as a family footwear retailer in the United States. Earnings per share increased 9.57% year over year to $1.03, which beat the estimate of $0.70. Revenue of $274,579,000 declined by 0.02% year over year, which missed the estimate of $275,580,000.

UGI Corporation (NYSE:UGI -- $36.26) distributes, stores, transports, and markets energy products and related services. Earnings per share increased 150.00% over the past year to $0.05, which beat the estimate of ($0.30). Revenue of $1,124,000,000 decreased by 2.26% from the same period last year, which missed the estimate of $1,220,000,000.

ZTO Express (Cayman), Inc. (NYSE:ZTO -- $33.06) provides express delivery and other value-added logistics services in the People's Republic of China. Earnings per share decreased 4.17% year over year to $0.23, which were in line with the estimate of $0.23. Revenue of $977,795,000 up by 32.73% year over year, which beat the estimate of $949,840,000.


Looking ahead to tomorrow, 
we're looking at a pretty lowkey end to this rollercoaster of a week, as Friday closes out the week with no noteworthy economic data to report. All earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.

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