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With the first quarter coming to a close, and in a week shortened by a market holiday on Friday, several key companies are set to release their earnings reports next week. Leading the pack is Walgreens Boots Alliance (WBA), a global leader in retail pharmacy and healthcare.
Additionally, investors will keep a close eye on earnings reports from Carnival (CCL), Ouster (OUST), McCormick & Co. (MKC), Paychex (PAYX), Cintas (CTAS), Westport Fuel Systems (WPRT), Hut 8 Corp. (HUT), Vuzix (VUZI), Altimmune (ALT), 22nd Century Group (XXII), Rumble (RUM) and Emeren Group (SOL).
Monday, March 25
Westport Fuel Systems (WPRT)
Westport Fuel Systems (WPRT) is set to report its Q4 earnings on Monday after the closing bell. The stock, which has dropped about 24% over a 12-month period, has received a Buy rating from Wall Street analysts, while Seeking Alpha's Quant Rating system has been oscillating between Sell and Hold ratings.
In January, the company appointed Dan Sceli as its new CEO and a member of the Westport Board of Directors. He assumed the role from Tony Guglielmin.
- Consensus EPS Estimates: -$0.53
- Consensus Revenue Estimates: $85.34M
- Earnings Insight: The company has beaten EPS estimates in 6 of the past 8 quarters and revenue expectations in 7 of those reports.
Also reporting: The Metals Company (TMC), GreenTree Hospitality Group (GHG), Rekor Systems (REKR), BuzzFeed (BZFD), Orgenesis (ORGS), Exela Technologies (XELA), Eterna Therapeutics (ERNA), Tivic Health Systems (TIVC), D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS), Bitcoin Depot (BTM), LightInTheBox Holding (LITB), Burning Rock Biotech Limited (BNR), Viomi Technology (VIOT) and more.
Tuesday, March 26
GameStop (GME)
Video game retailer GameStop (GME) is slated to announce its Q4 earnings after the closing bell on Tuesday. The stock has declined by 24% on a YTD basis and nearly 44% over a 12-month period. Wall Street analysts recommend a Strong Sell rating, while Seeking Alpha's Quant Rating system views it as Sell.
Seeking Alpha investing group leader Josh Arnold notes, "Revenue performance and operating margins will be critical factors to watch in the upcoming report, but the stock's valuation is still questionable."
- Consensus EPS Estimates: $0.30
- Consensus Revenue Estimates: $2.05B
- Earnings Insight: GameStop has beaten EPS and revenue estimates in 4 of the past 8 quarters.
Also reporting: McCormick & Company (MKC), nCino (NCNO), BioLineRx (BLRX), DouYu International Holdings Limited (DOYU), Ouster (OUST), Delcath Systems (DCTH), Oragenics (OGEN), TD SYNNEX Corporation (SNX), PaySign (PAYS), GDS Holdings Limited (GDS), WidePoint Corporation (WYY), Aptose Biosciences (APTO), Elbit Systems (ESLT) and more.
Wednesday, March 27
Carnival (CCL)
Carnival (CCL) is scheduled to report its quarterly earnings before Wednesday's opening bell, with analysts expecting improved sales and EPS compared to the previous year.
The stock has notably outperformed the broader market, rising 87% over the past 12 months. Seeking Alpha's Quant Rating system maintains a Strong Buy rating, while Wall Street analysts have a consensus Buy recommendation.
Seeking Alpha author Ahmed Abdelazim, optimistic about the stock, predicts a 20% increase in cruise line passengers compared to 2019, attributing this growth to Carnival's leading market share, which is expected to drive higher revenue and net profit, surpassing management's forecast.
- Consensus EPS Estimates: -$0.18
- Consensus Revenue Estimates: $5.41B
- Earnings Insight: The company has beaten EPS estimates in 5 of the past 8 quarters and revenue expectations in just 4 of those reports.
Also reporting: Rumble (RUM), Spectral AI (MDAI), Dominari Holdings (DOMH), Super League Enterprise (SLE), Ault Alliance (AULT), Semantix (STIX), Paychex (PAYX), Verastem (VSTM), Altimmune (ALT), Aqua Metals (AQMS), Tsakos Energy Navigation Limited (TNP), Ampio Pharmaceuticals (AMPE), Greenidge Generation Holdings (GREE), Jefferies Financial Group (JEF), Precision BioSciences (DTIL), LogicMark (LGMK), PLBY Group (PLBY), Maxeon Solar Technologies (MAXN), Verint Systems (VRNT) and more.
Thursday, March 28
Walgreens Boots Alliance (WBA)
Walgreens Boots Alliance (WBA) is set to release its quarterly results before Thursday's opening bell, with analysts forecasting a decline in profit compared to the previous year.
Both Wall Street analysts and Seeking Alpha's Quant Rating system have a Hold rating on the stock, which has seen a 21% drop so far this year.
According to SA author Investor Overview, Walgreens Boots Alliance has opportunities to acquire Rite Aid stores and expand its geographic presence. They view it as one of the best value plays on the market, noting that some valuation metrics are at a 10-year low.
- Consensus EPS Estimates: $0.83
- Consensus Revenue Estimates: $35.85B
- Earnings Insight: WBA has beaten revenue estimates in 8 consecutive quarters and EPS estimates in 6 of those reports.
Also reporting: Ideanomics (IDEX), 22nd Century Group (XXII), Hut 8 (HUT), Ayro (AYRO), Emeren Group (SOL), AST SpaceMobile (ASTS), Danimer Scientific (DNMR), Dynagas LNG Partners LP Common Units (DLNG), Actinium Pharmaceuticals (ATNM), MSC Industrial Direct (MSM), Galapagos NV (GLPG), Agile Therapeutics (AGRX), Iterum Therapeutics (ITRM), Semtech Corporation (SMTC), Daré Bioscience (DARE), Planet Labs PBC (PL), Nuvve Holding (NVVE), Arcadia Biosciences (RKDA), Accelerate Diagnostics (AXDX), Consolidated Water (CWCO), Caledonia Mining Corporation (CMCL), American Resources Corporation (AREC), and more.