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

Today's market-moving economic data and earnings schedule

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Today the ADP employment report, the Markit services PMI, the Markit composite PMI, and the ISM non-manufacturing PMI are on tap.

The following companies are slated to release quarterly earnings reports today, March 3:

Brown-Forman Corp. (NYSE:BF-B -- $72.08) manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. Brown-Forman will report its third-quarter earnings of 2021 before the bell today.

Dollar Tree Inc. (NASDAQ:DLTR -- $98.95) operates discount variety retail stores. Dollar Tree will report its fourth-quarter earnings of 2020 before the bell today.

Dycom Inc. (NASDAQ:DY -- $77.51) provides specialty contracting services. Dycom will report its fourth-quarter earnings of 2020 before the bell today.

National Vision Holdings Inc. (NASDAQ:EYE -- $47.80) operates as an optical retailer. National Vision will report its fourth-quarter earnings of 2020 before the bell today.

Patterson Companies Inc. (NASDAQ:PDCO -- $32.36) distributes and sells dental and animal health products. Patterson Companies will report its fourth-quarter earnings of 2020 before the bell today.

Stellantis N.V. (NYSE:STLA -- $17.00) engages in the manufacture of automobiles and provision of mobility solutions. Stellantis will report its fourth-quarter earnings of 2020 before the bell today.

The Wendy's Co. (NASDAQ:WEN -- $21.30) operates as a quick-service restaurant company. Wendy's will report its fourth-quarter earnings of 2020 before the bell today.

American Eagle Outfitters Inc. (NYSE:AEO -- $25.11) operates as a specialty retailer. American Eagle will report its fourth-quarter earnings of 2020 before the bell today.

The Descartes Systems Group Inc. (NASDAQ:DSGX -- $59.88) provides cloud, device, and data content-based solutions. Descartes will report its fourth-quarter earnings of 2020 before the bell today.

Okta Inc. (NASDAQ:OKTA -- $259.06) provides identity management platforms. Okta will report its fourth-quarter earnings of 2020 before the bell today.

Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB -- $31.24) develops, operates, and franchises full-service and casual-dining restaurants. Red Robin will report its fourth-quarter earnings of 2020 before the bell today.

Snowflake Inc. (NYSE:SNOW -- $270.60) provides cloud data warehousing software. Snowflake will report its third-quarter earnings of 2021 before the bell today.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM -- $56.07) engages in the production & distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. Sociedad Química y Minera de Chile will report its fourth-quarter earnings of 2020 before the bell today.

Splunk Inc. (NASDAQ:SPLK -- $149.09) engages in the development and marketing of software solutions. Splunk will report its third-quarter earnings of 2021 before the bell today.

Trip.com Group Ltd. (NASDAQ:TCOM -- $39.78) operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services. Trip.com Group will report its fourth-quarter earnings of 2020 before the bell today.

Vroom Inc. (NASDAQ:VRM -- $47.87) operates an e-commerce platform. Vroom will report its fourth-quarter earnings of 2020 before the bell today.

Yext Inc. (NYSE:YEXT -- $47.87) operates as a search experience cloud company. Yext will report its fourth-quarter earnings of 2020 before the bell today.

Here is a quick recap of yesterday's earnings reports:

Abercrombie & Fitch Co. (NYSE:ANF -- $27.62) operates as a specialty retailer. Earnings per share increased 14.50% year over year to $1.50, which beat the estimate of $1.22. Revenue of $1,122,000,000 declined by 5.32% year over year, which beat the estimate of $1,120,000,000.

AerCap Inc. (NYSE:AER -- $47.38) is an aircraft leasing company. Earnings per share decreased 70.94% year over year to $0.68, which missed the estimate of $0.94. Revenue of $1,032,000,000 decreased by 13.64% from the same period last year, which beat the estimate of $1,020,000,000.

AutoZone Inc. (NYSE:AZO -- $1,169.39) retails and distributes automotive replacement parts and accessories. Earnings per share increased 20.50% over the past year to $14.93, which beat the estimate of $12.84. Revenue of $2,911,000,000 higher by 15.79% year over year, which beat the estimate of $2,760,000,000.

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. Earnings per share decreased 2166.67% year over year to ($0.68), which missed the estimate of ($0.32). Revenue of $386,197,000 decreased by 26.73% from the same period last year, which missed the estimate of $447,600,000.

Interface Inc. (NASDAQ:TILE -- $12.96) designs, produces, and sells modular carpet products. Earnings per share fell 41.30% year over year to $0.27, which beat the estimate of $0.25. Revenue of $276,946,000 decreased by 18.42% year over year, which missed the estimate of $278,800,000.

Kohl's Corp. (NYSE:KSS -- $57.00) operates as a retail company. Earnings per share were up 11.56% year over year to $2.22, which beat the estimate of $1.01. Revenue of $6,141,000,000 declined by 10.11% from the same period last year, which beat the estimate of $5,860,000,000.

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. Earnings per share were up 89.29% over the past year to $1.06, which beat the estimate of $0.50. Revenue of $304,211,000 up by 11.09% year over year, which beat the estimate of $296,510,000.

Sea Ltd. (NYSE:SE -- $248.51) engages in the digital entertainment, e-commerce, and digital financial service businesses. Earnings per share fell to ($0.89), which missed the estimate of ($0.54). Revenue of $1,567,000,000 higher by 72.37% from the same period last year, which missed the estimate of $1,910,000,000.

Target Corp. (NYSE:TGT -- $186.09) operates as a general merchandise retailer. Earnings per share were up 57.99% year over year to $2.67, which beat the estimate of $2.54. Revenue of $28,339,000,000 rose by 21.12% from the same period last year, which beat the estimate of $27,480,000,000.

Ambarella Inc. (NASDAQ:AMBA -- $118.80) develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display. Earnings per share increased 0.00% over the past year to $0.14, which beat the estimate of $0.08. Revenue of $62,142,000 up by 8.62% from the same period last year, which beat the estimate of $58,140,000.

B&G Foods Inc. (NYSE:BGS -- $30.79) manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products. Earnings per share were up 25.00% over the past year to $0.35, which missed the estimate of $0.44. Revenue of $510,241,000 higher by 8.52% year over year, which missed the estimate of $531,120,000.

Box Inc. (NYSE:BOX -- $18.98) provides a cloud content management platform. Earnings per share rose 214.29% over the past year to $0.22, which beat the estimate of $0.17. Revenue of $198,913,000 higher by 8.35% from the same period last year, which beat the estimate of $196,540,000.

Darling Ingredients Inc. (NYSE:DAR -- $64.06) develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. Earnings per share decreased 51.09% over the past year to $0.45, which beat the estimate of $0.41. Revenue of $1,020,000,000 rose by 18.68% year over year, which beat the estimate of $905,190,000.

Grocery Outlet Holding Corp. (NASDAQ:GO -- $35.91) owns and operates a chain of grocery stores. Earnings per share were up 14.29% year over year to $0.24, which beat the estimate of $0.23. Revenue of $806,821,000 rose by 23.08% from the same period last year, which beat the estimate of $787,890,000.

Hewlett Packard Enterprise Co. (NYSE:HPE -- $14.60) provides solutions that allow customers to capture, analyze, and act upon data seamlessly. Earnings per share rose 18.18% over the past year to $0.52, which beat the estimate of $0.41. Revenue of $6,833,000,000 declined by 1.67% year over year, which beat the estimate of $6,720,000,000.

Nordstrom Inc. (NYSE:JWN -- $37.97) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Earnings per share were down 85.21% year over year to $0.21, which beat the estimate of $0.14. Revenue of $3,645,000,000 decreased by 19.68% year over year, which beat the estimate of $3,600,000,000.

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. Earnings per share decreased 46.83% over the past year to $0.67, which missed the estimate of $1.00. Revenue of $4,250,000,000 declined by 3.69% from the same period last year, which missed the estimate of $4,270,000,000.

Urban Outfitters Inc. (NASDAQ:URBN -- $34.14) engages in the retail and wholesale of general consumer products. Earnings per share were down 40.00% over the past year to $0.30, which beat the estimate of $0.28. Revenue of $1,088,000,000 declined by 6.98% year over year, which missed the estimate of $1,100,000,000.

Veeva Systems Inc. (NYSE:VEEV -- $293.71) provides cloud-based software for the life sciences industry. Earnings per share were up 44.44% year over year to $0.78, which beat the estimate of $0.68. Revenue of $396,761,000 up by 27.37% from the same period last year, which beat the estimate of $380,230,000.

Looking ahead to tomorrow, initial and continuing jobless claims are due out, along with unit labor costs, nonfarm productivity data, and factory orders. All economic dates listed here are tentative and subject to change.

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