Earnings
Earnings Preview: Intuit, Workday Earnings Watch Amid Tech Headwinds
5/23, 05:33 EDT
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 | 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 |
