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Today's Stock Market News & Events: 3/2/2021

Today's market-moving economic data and earnings schedule

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Today will be fairly slow, with motor vehicle sales slated for release. However, a long list of hot earnings reports slated to be released will keep things interesting.

The following companies are slated to release quarterly earnings reports today, March 2:

Abercrombie & Fitch Co. (NYSE:ANF -- $27.62) operates as a specialty retailer. Abercrombie & Fitch will report its fourth-quarter earnings of 2020 before the bell today.

AerCap Inc. (NYSE:AER -- $47.38) is an aircraft leasing company. AerCap will report its fourth-quarter earnings of 2020 before the bell today.

AutoZone Inc. (NYSE:AZO -- $1,169.39) retails and distributes automotive replacement parts and accessories. AutoZone will report its fourth-quarter earnings of 2020 before the bell today.

Bentley Systems Inc. (NASDAQ:BSY -- $44.50) develops software for infrastructure design, construction, and operations. Bentley Systems will report its fourth-quarter earnings of 2020 before the bell today.

Chico's FAS Inc. (NASDAQ:CHS -- $2.55) operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. Chico's FAS will report its fourth-quarter earnings of 2020 before the bell today.

Dine Brands Global Inc. (NYSE:DIN -- $81.44) owns, franchises, operates, and rents full-service restaurants. Dine Brands will report its fourth-quarter earnings of 2020 before the bell today.

Interface Inc. (NASDAQ:TILE -- $12.96) designs, produces, and sells modular carpet products. Interface will report its fourth-quarter earnings of 2020 before the bell today.

International Game Technology plc. (NYSE:IGT -- $18.75) operates and provides gaming technology products and services. International Game Technology will report its fourth-quarter earnings of 2020 before the bell today.

Kohl's Corp. (NYSE:KSS -- $57.00) operates as a retail company. Kohl's will report its fourth-quarter earnings of 2020 before the bell today.

Kontoor Brands Inc. (NYSE:KTB -- $43.66) is a lifestyle apparel company. Kontoor Brands will report its fourth-quarter earnings of 2020 before the bell today.

Lumber Liquidators Holdings Inc. (NYSE:LL -- $25.25) operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. Lumber Liquidators will report its fourth-quarter earnings of 2020 before the bell today.

Sea Ltd. (NYSE:SE -- $248.51) engages in the digital entertainment, e-commerce, and digital financial service businesses. Sea will report its fourth-quarter earnings of 2020 before the bell today.

Target Corp. (NYSE:TGT -- $186.09) operates as a general merchandise retailer. Target will report its fourth-quarter earnings of 2020 before the bell today.

Ambarella Inc. (NASDAQ:AMBA -- $118.80) develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display. Ambarella will report its fourth-quarter earnings of 2020 after the market closes today.

B&G Foods Inc. (NYSE:BGS -- $30.79) manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products. B&G Foods will report its fourth-quarter earnings of 2020 after the market closes today.

Box Inc. (NYSE:BOX -- $18.98) provides a cloud content management platform. Box will report its fourth-quarter earnings of 2020 after the market closes today.

Darling Ingredients Inc. (NYSE:DAR -- $64.06) develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. Darling Ingredients will report its fourth-quarter earnings of 2020 after the market closes today.

fuboTV Inc. (NYSE:FUBO -- $38.78) operates a live TV streaming platform for live sports events, news, and entertainment content. fuboTV will report its fourth-quarter earnings of 2020 after the market closes today.

Grocery Outlet Holding Corp. (NASDAQ:GO -- $35.91) owns and operates a chain of grocery stores. Grocery Outlet will report its fourth-quarter earnings of 2020 after the market closes today.

Hewlett Packard Enterprise Co. (NYSE:HPE -- $14.60) provides solutions that allow customers to capture, analyze, and act upon data seamlessly. Hewlett Packard Enterprise will report its fourth-quarter earnings of 2020 after the market closes today.

Maravai LifeSciences Holdings Inc. (NASDAQ:MRVI -- $36.47) operates as a life sciences company. Maravai LifeSciences will report its fourth-quarter earnings of 2020 after the market closes today.

Nordstrom Inc. (NYSE:JWN -- $37.97) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Nordstrom will report its fourth-quarter earnings of 2020 after the market closes today.

Ross Stores Inc. (NASDAQ:ROST -- $120.57) operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Ross Stores will report its fourth-quarter earnings of 2020 after the market closes today.

Urban Outfitters Inc. (NASDAQ:URBN -- $34.14) engages in the retail and wholesale of general consumer products. Urban Outfitters will report its fourth-quarter earnings of 2020 after the market closes today.

Veeva Systems Inc. (NYSE:VEEV -- $293.71) provides cloud-based software for the life sciences industry. Veeva Systems will report its fourth-quarter earnings of 2020 after the market closes today.

Here is a recap of how yesterday's earnings calls played out as compared to expectations:

Astec Industries Inc. (NASDAQ:ASTE -- $67.92) manufactures and sells equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries. Earnings per share were up 40.00% year over year to $0.56, which beat the estimate of $0.42. Revenue of $238,900,000 decreased by 15.65% from the same period last year, which missed the estimate of $271,120,000.

Biohaven Pharmaceutical Holding Co. Ltd. (NASDAQ:BHVN -- $84.98) is a clinical-stage biopharmaceutical company. Earnings per share were up 5.61% year over year to ($2.69), which beat the estimate of ($2.97). Revenue of $35,114,000 up by 0.00% year over year, which beat the estimate of $28,230,000.

Cardlytics Inc. (NASDAQ:CDLX -- $132.43) operates an advertising platform within financial institutions digital channels. Earnings per share decreased 127.78% year over year to ($0.05), which missed the estimate of ($0.03). Revenue of $67,082,000 decreased by 3.19% year over year, which beat the estimate of $60,890,000.

Core-Mark Holding Co. Inc. (NASDAQ:CORE -- $32.58) distributes packaged consumer products to the convenience retail industry. Earnings per share rose 26.67% over the past year to $0.57, which beat the estimate of $0.31. Revenue of $4,252,000,000 higher by 2.33% from the same period last year, which beat the estimate of $4,160,000,000.

EVERTEC Inc. (NYSE:EVTC -- $38.90) engages in transaction processing business. Earnings per share increased 22.92% year over year to $0.59, which beat the estimate of $0.54. Revenue of $134,202,000 higher by 5.52% year over year, which beat the estimate of $133,440,000.

Gentherm Inc. (NASDAQ:THRM -- $70.79) designs, develops, manufactures, and markets thermal management technologies. Earnings per share were up 78.46% over the past year to $1.16, which beat the estimate of $0.71. Revenue of $288,884,000 rose by 25.39% from the same period last year, which beat the estimate of $257,290,000.

Hilton Grand Vacations Inc. (NYSE:HGV -- $39.51) is a timeshare company. Earnings per share were up 27.87% over the past year to $0.78, which beat the estimate of ($0.04). Revenue of $212,000,000 decreased by 54.70% from the same period last year, which missed the estimate of $244,340,000.

HNI Corp. (NYSE:HNI -- $35.59) manufactures and sells office furniture and hearth products. Earnings per share were down 41.07% year over year to $0.66, which beat the estimate of $0.60. Revenue of $562,139,000 decreased by 8.76% from the same period last year, which missed the estimate of $572,830,000.

The Middleby Corp. (NASDAQ:MIDD -- $146.41) designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment. Earnings per share decreased 19.00% over the past year to $1.62, which beat the estimate of $1.41. Revenue of $729,296,000 decreased by 7.41% from the same period last year, which beat the estimate of $694,890,000.

Novanta Inc. (NASDAQ:NOVT -- $132.33) designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets. Earnings per share decreased 3.64% over the past year to $0.53, which beat the estimate of $0.44. Revenue of $147,498,000 decreased by 7.64% year over year, which beat the estimate of $147,050,000.

Perrigo Co. plc. (NYSE:PRGO -- $40.36) provides over-the-counter (OTC) health and wellness solutions. Earnings per share fell 12.26% over the past year to $0.93, which missed the estimate of $1.00. Revenue of $1,290,000,000 declined by 2.49% from the same period last year, which missed the estimate of $1,320,000,000.

TEGNA Inc. (NYSE:TGNA -- $18.23) operates as a media company. Earnings per share rose 146.81% year over year to $1.16, which beat the estimate of $1.12. Revenue of $937,575,000 higher by 35.11% year over year, which beat the estimate of $927,670,000.

Xenia Hotels & Resorts Inc. (NYSE:XHR -- $19.97) is a self-advised and self-administered REIT. Earnings per share were down 141.38% year over year to ($0.24), which may not compare to the estimate of ($2.24). Revenue of $75,647,000 decreased by 73.19% from the same period last year, which beat the estimate of $71,940,000.

Ambac Financial Group Inc. (NYSE:AMBC -- $16.95) a financial services holding company. Earnings per share were up 104.19% over the past year to $0.08, which beat the estimate of ($0.68). Revenue of $88,000,000 declined by 3.30% year over year, which beat the estimate of $49,000,000.

Helios Technologies Inc. (NASDAQ:HLIO -- $65.40) develops, manufactures, and sells solutions for the hydraulics and electronics markets. Earnings per share increased 11.11% over the past year to $0.60, which beat the estimate of $0.41. Revenue of $151,618,000 up by 20.40% from the same period last year, which beat the estimate of $139,840,000.

Inovio Pharmaceuticals Inc. (NASDAQ:INO -- $11.10) a biotechnology company. Earnings per share were up 63.16% over the past year to ($0.14), which beat the estimate of ($0.22). Revenue of $5,581,000 rose by 1900.36% year over year, which beat the estimate of $1,110,000.

Inseego Corp. (NASDAQ:INSG -- $14.59) engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions. Earnings per share were up 63.16% over the past year to ($0.14), which beat the estimate of ($0.22). Revenue of $5,581,000 rose by 1900.36% year over year, which beat the estimate of $1,110,000.

Inter Parfums Inc. (NASDAQ:IPAR -- $73.17) manufactures, markets, and distributes a range of fragrances and fragrance related products. Earnings per share rose 80.77% over the past year to $0.47, which beat the estimate of $0.37. Revenue of $184,042,000 higher by 3.51% year over year, which beat the estimate of $175,820,000.

MBIA Inc. (NYSE:MBI -- $7.30) is a clinical-stage biopharmaceutical company. Earnings per share increased 40.80% over the past year to ($0.74), which missed the estimate of ($0.41). Revenue of $18,000,000 decreased by 10.00% from the same period last year, which beat the estimate of $12,950,000.

NIO Ltd. (NYSE:NIO -- $45.78) designs, manufactures, and sells electric vehicles. Earnings per share rose 64.10% over the past year to ($0.14), which missed the estimate of ($0.07). Revenue of $1,018,000,000 up by 148.82% from the same period last year, which beat the estimate of $1,010,000,000.

Novavax Ltd. (NYSE:NVAX -- $231.23) is a late-stage biotechnology company. Earnings per share decreased 138.94% over the past year to ($2.70), which missed the estimate of ($1.49). Revenue of $276,659,000 up by 3038.15% from the same period last year, which missed the estimate of $304,880,000.

Ooma Inc. (NYSE:OOMA -- $15.80) creates connected experiences for businesses and consumers. Earnings per share were up 200.00% year over year to $0.12, which beat the estimate of $0.10. Revenue of $44,262,000 up by 8.89% from the same period last year, which beat the estimate of $43,280,000.

OraSure Technologies Inc. (NASDAQ:OSUR -- $10.60) develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices. Earnings per share were down 50.00% over the past year to $0.03, which missed the estimate of $0.07. Revenue of $62,855,000 higher by 26.55% year over year, which beat the estimate of $57,290,000.

REGENXBIO Inc. (NASDAQ:RGNX -- $40.91) is a clinical-stage biotechnology company. Earnings per share fell 72.22% over the past year to ($1.24), which missed the estimate of ($0.43). Revenue of $21,445,000 rose by 82.23% year over year, which missed the estimate of $61,500,000.

Sarepta Therapeutics Inc. (NASDAQ:SRPT -- $87.06) is a commercial-stage biopharmaceutical company. Earnings per share were down 17.20% over the past year to ($1.84), which missed the estimate of ($1.77). Revenue of $145,138,000 higher by 44.97% from the same period last year, which missed the estimate of $146,290,000.

Scientific Games Corp. (NASDAQ:SGMS -- $46.83) develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries. Earnings per share decreased 778.57% year over year to ($0.95), which missed the estimate of ($0.47). Revenue of $762,000,000 decreased by 11.70% from the same period last year, which beat the estimate of $708,620,000.

Silk Road Medical Inc. (NASDAQ:SILK -- $54.77) is a clinical-stage biopharmaceutical company. Earnings per share fell 70.37% over the past year to ($0.46), which missed the estimate of ($0.28). Revenue of $21,133,000 up by 13.41% from the same period last year, which missed the estimate of $21,340,000.

Switch Inc. (NYSE:SWCH -- $17.34) provides colocation space and related services. Earnings per share rose 50.00% over the past year to $0.06, which beat the estimate of $0.05. Revenue of $127,749,000 up by 5.98% year over year, which missed the estimate of $131,300,000.

Zoom Video Communications Inc. (NASDAQ:ZM -- $373.61) is a clinical-stage biopharmaceutical company. Earnings per share were up 713.33% over the past year to $1.22, which beat the estimate of $0.79. Revenue of $882,485,000 higher by 368.78% year over year, which beat the estimate of $811,770,000.

Looking ahead to tomorrow, the ADP employment report, the Markit services PMI, the Markit composite PMI, and the ISM non-manufacturing PMI are on tap. All economic dates listed here are tentative and subject to change.

 

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