Notable Earnings for Feb 19-23

Notable Earnings Feb 19-23


NVIDIA is Expected to Beat Estimates

NVIDIA (NVDA) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth, and the Earnings Whisper ® number is $4.67 per share. The company's guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40 billion. Investors are bullish going into the company's earnings release with 70.4% expecting a beat. Short interest has increased by 4.1% since the company's last earnings release while the stock has drifted higher by 45.7% from its open following the earnings release to be 53.2% above its 200 day moving average of $474.09. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 11.3% move on earnings and the stock has averaged a 7.7% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 13,637 contracts of the $800.00 call expiring on Friday, February 23, 2024.




Palo Alto Networks is Expected to Beat Estimates

Palo Alto Networks (PANW) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 4:05 PM ET. The consensus earnings estimate is $1.30 per share on revenue of $1.97 billion, representing 19.0% year-over-year revenue growth, and the Earnings Whisper ® number is $1.42 per share. The company's guidance was for earnings of $1.29 to $1.31 per share on revenue of $1.96 billion to $1.99 billion. Investors are bullish going into the company's earnings release with 77.9% expecting a beat. Short interest has decreased by 25.7% since the company's last earnings release while the stock has drifted higher by 52.7% from its open following the earnings release to be 42.4% above its 200 day moving average of $257.40. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 10.2% move on earnings and the stock has averaged a 9.9% move in recent quarters. On Tuesday, January 30, 2024 there was some notable buying of 4,000 contracts of the $140.00 put expiring on Friday, September 19, 2025.


Block is Expected to Beat Estimates

Block (SQ) is confirmed to report earnings on Thursday, February 22, 2024 at approximately 4:10 PM ET. The consensus earnings estimate is $0.65 per share on revenue of $5.70 billion, representing 22.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.68 per share. Investors are bullish going into the company's earnings release with 65.7% expecting a beat. Short interest has decreased by 6.3% since the company's last earnings release while the stock has drifted higher by 29.2% from its open following the earnings release to be 8.1% above its 200 day moving average of $60.74. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 13.3% move on earnings and the stock has averaged a 7.4% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 8,683 contracts of the $66.00 call expiring on Friday, March 01, 2024.


Rivian Automotive is Expected to Beat Estimates

Rivian Automotive (RIVN) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:10 PM ET. The consensus estimate is a loss of $1.32 per share on revenue of $1.26 billion, representing 90.0% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $1.28 per share. Investors are bullish going into the company's earnings release with 49.4% expecting a beat. Short interest has increased by 2.3% since the company's last earnings release while the stock has drifted lower by 12.3% from its open following the earnings release to be 13.9% below its 200 day moving average of $18.93. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 15.5% move on earnings and the stock has averaged a 8.3% move in recent quarters. On Monday, January 29, 2024 there was some notable buying of 67,190 contracts of the $16.00 call expiring on Friday, March 01, 2024.


Lucid Group is Expected to Miss Estimates

Lucid Group (LCID) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:05 PM ET. The consensus estimate is a loss of $0.28 per share on revenue of $178.30 million, a decline of 30.8% year-over-year, and the Earnings Whisper ® number is a loss of $0.31 per share. Investors are bearish going into the company's earnings release but with 50.0% expecting a beat. Short interest has increased by 21.9% since the company's last earnings release while the stock has drifted lower by 8.6% from its open following the earnings release to be 31.1% below its 200 day moving average of $5.38. Overall earnings estimates are unchanged since the company's last earnings release. Option Traders are pricing in a 20.8% move on earnings and the stock has averaged a 10.8% move in recent quarters. On Thursday, February 08, 2024 there was some notable buying of 27,698 contracts of the $3.00 put expiring on Friday, May 17, 2024.


Vertiv Holdings is Expected to Beat Estimates

Vertiv Holdings (VRT) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 5:55 AM ET. The consensus earnings estimate is $0.54 per share on revenue of $1.88 billion, representing 13.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.56 per share. The company's guidance was for earnings of $0.48 to $0.52 per share on revenue of $1.83 billion to $1.85 billion. Investors are bullish going into the company's earnings release with 75.8% expecting a beat. Short interest has increased by 49.2% since the company's last earnings release while the stock has drifted higher by 51.6% from its open following the earnings release to be 71.9% above its 200 day moving average of $36.63. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 15.1% move on earnings and the stock has averaged a 8.6% move in recent quarters. On Thursday, February 15, 2024 there was some notable buying of 9,368 contracts of the $67.50 call expiring on Friday, March 15, 2024.


Intuit is Expected to Beat Estimates

Intuit (INTU) is confirmed to report earnings on Thursday, February 22, 2024 at approximately 4:00 PM ET. The consensus earnings estimate is $2.30 per share on revenue of $3.39 billion, representing 11.5% year-over-year revenue growth, and the Earnings Whisper ® number is $2.45 per share. The company's guidance was for earnings of $2.25 to $2.31 per share. Investors are bearish going into the company's earnings release but with 65.4% expecting a beat. Short interest has decreased by 7.6% since the company's last earnings release while the stock has drifted higher by 12.5% from its open following the earnings release to be 25.2% above its 200 day moving average of $523.89. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 5.6% move on earnings and the stock has averaged a 4.5% move in recent quarters. On Thursday, February 08, 2024 there was some notable buying of 819 contracts of the $780.00 call expiring on Friday, April 19, 2024.


Photronics is Scheduled to Report on Wednesday, February 21, 2024

Photronics (PLAB) is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 6:30 AM ET. The consensus earnings estimate is $0.49 per share. The company's guidance was for earnings of $0.45 to $0.53 per share on revenue of $217.00 million to $225.00 million. Investors are bullish going into the company's earnings release with 68.8% expecting a beat. Short interest has increased by 11.6% since the company's last earnings release while the stock has drifted higher by 39.9% from its open following the earnings release to be 42.3% above its 200 day moving average of $23.49. Overall earnings estimates are unchanged since the company's last earnings release. Option Traders are pricing in a 13.5% move on earnings and the stock has averaged a 11.9% move in recent quarters.


Tactile Systems Technology is Scheduled to Report on Tuesday, February 20, 2024

Tactile Systems Technology (TCMD) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 7:05 AM ET. The consensus earnings estimate is $0.13 per share on revenue of $78.36 million, representing 6.0% year-over-year revenue growth. Investors are bullish going into the company's earnings release with 100.0% expecting a beat. Short interest has decreased by 13.6% since the company's last earnings release while the stock has drifted higher by 32.9% from its open following the earnings release to be 13.8% below its 200 day moving average of $17.03. Overall earnings estimates are unchanged since the company's last earnings release. Option Traders are pricing in a 31.5% move on earnings and the stock has averaged a 14.3% move in recent quarters.


Community Health Systems is Scheduled to Report on Tuesday, February 20, 2024

Community Health Systems (CYH) is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 4:15 PM ET. The consensus earnings estimate is $0.03 per share on revenue of $3.16 billion, representing 0.6% year-over-year revenue growth. Investors are bullish going into the company's earnings release but expect in-line results. Short interest has decreased by 34.4% since the company's last earnings release while the stock has drifted higher by 79.2% from its open following the earnings release to be 20.2% above its 200 day moving average of $3.37. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 35.8% move on earnings and the stock has averaged a 30.1% move in recent quarters. On Thursday, February 15, 2024 there was some notable buying of 11,367 contracts of the $5.00 call expiring on Friday, March 15, 2024.