Earnings Preview

Earnings Preview: Intuit, Workday Earnings Watch Amid Tech Headwinds

By Athena Xu

5/23, 05:33 EDT
Bilibili Inc.
BJ's Wholesale Club Holdings, Inc.
Deckers Outdoor Corporation
Intuit Inc.
Medtronic plc.
NetEase, Inc.
Ralph Lauren Corporation
Ross Stores, Inc.
Toronto Dominion Bank
Workday, Inc.

Key Takeaway

  • Intuit (INTU) and Workday (WDAY) are key tech stocks to watch post-market, with expected EPS of $9.38 and $1.58 respectively; both face sector-specific headwinds.
  • Medtronic (MDT) and TD Bank (TD) report pre-market, with conservative outlooks due to ongoing challenges; MDT's EPS is projected at $1.45, while TD's is C$1.85.

Market Sentiment Ahead of Earnings

Technology

  • Intuit (INTU): Expected to maintain its view despite small-business headwinds.
  • Workday (WDAY): Muted outlook anticipated due to weak non-AI spending.
  • Endava (DAVA): Facing secular sales headwinds, shares significantly down YTD.

Communication Services

  • NetEase (NTES): Growth revival driven by new games and cost controls.
  • Bilibili (BILI): Adjusted losses expected to narrow due to cost-cutting measures.
  • Weibo (WB): Lacks growth drivers, staid platform.

Financials

  • TD Bank (TD): Operations stable but facing investigation questions.
  • PagSeguro (PAGS): Efficiency measures expected to yield positive results.

Real Estate

  • KE Holdings (BEKE): Positive outlook with significant YTD gains.

Health

  • Medtronic (MDT): Conservative outlook expected due to lingering headwinds.

Consumer Discretionary

  • Ralph Lauren (RL): Expected EPS growth with sales beating estimates.
  • Ross Stores (ROST): Benefiting from customers trading down.
  • Deckers Outdoor (DECK): Gains driven by Hoka and direct-to-consumer sales.

Consumer Staples

  • BJ's Wholesale (BJ): Sales boosted by growing value perception.

Industrials

  • Triumph Group (TGI): Facing challenges with shares down YTD.
  • American Woodmark (AMWD): Stable performance with slight YTD gains.

Earnings Preview for May 23, 2024: Calendar

Pre-market

Sector Company Ticker EPS Consensus YTD Stock Returns Market Cap Earnings Time Call Time
Technology Endava DAVA US 18p -62% $1.69 bn Premarket 8:00 am
Communication Services NetEase NTES US 12.30 yuan 5.6% $63.4 bn 4:30 am 7:00 am
Communication Services Bilibili BILI US (1.20 yuan) 29% $6.61 bn 6:00 am 8:00 am
Communication Services Weibo WB US 47c -11% $2.15 bn 5:00 am 7:00 am
Financials TD Bank TD CN C$1.85 -10% $99.3 bn 6:00 am 8:00 am
Real Estate KE Holdings BEKE US 74 RMB cents 16% $23.4 bn Premarket 8:00 am
Health Medtronic MDT US $1.45 4.1% $113.9 bn 6:45 am 8:00 am
Consumer Discretionary Polestar PSNY US (14c) -59% $1.95 bn Premarket 8:00 am
Consumer Discretionary Shoe Carnival SCVL US 60c 14% $934.2 mn Premarket 9:00 am
Consumer Discretionary Monro MNRO US 31c -12% $776.3 mn Premarket 8:30 am
Consumer Discretionary Youdao DAO US (1.03 yuan) -7.9% $433.9 mn 4:30 am 6:00 am
Consumer Discretionary Ralph Lauren RL US $1.66 14% $10.5 bn 8:00 am 9:00 am
Consumer Staples BJ's Wholesale BJ US 83c 21% $10.7 bn Premarket 8:30 am
Industrials Triumph Group TGI US 27c -9.5% $1.15 bn Premarket 8:30 am

Intraday

No major earnings expected.

After-market

Sector Company Ticker EPS Consensus YTD Stock Returns Market Cap Earnings Time Call Time
Technology Intuit INTU US $9.38 7.2% $187.7 bn Postmarket 4:30 pm
Technology Workday WDAY US $1.58 -5.9% $68.9 bn Postmarket 4:30 pm
Communication Services Lions Gate LGF/A US 11c -4.2% $2.35 bn Postmarket 5:00 pm
Financials PagSeguro PAGS US R$1.48 0.1% $4.11 bn Postmarket 5:00 pm
Consumer Discretionary Ross Stores ROST US $1.35 -5% $44.1 bn 4:00 pm 4:15 pm
Consumer Discretionary Deckers Outdoor DECK US $2.83 34% $22.9 bn Postmarket 4:30 pm
Industrials American Woodmark AMWD US $1.83 0.6% $1.48 bn Postmarket 4:30 pm
Industrials Emeren Group Ltd SOL US 2c -24% $119.1 mn Postmarket 5:00 pm