Earnings
Earnings Preview: Oracle Eyes Gains with Cloud Surge, EPS at $1.65
6/11, 05:32 EDT
Key Takeaway
- Oracle (ORCL) is expected to report strong cloud growth, potentially offsetting software segment weaknesses, with EPS consensus at $1.65 and YTD stock returns of 18%.
- Casey's (CASY) anticipates strong margins amid normalizing fuel prices, with positive YTD stock performance of 20% and an EPS consensus of $1.73.
Market Sentiment Ahead of Earnings
Technology
- Oracle (ORCL): Expected to showcase strong cloud growth, potentially offsetting weaknesses in its software segment.
- Adobe (ADBE) and Broadcom (AVGO): AI remains a key focus, with both companies likely to highlight advancements in this area.
Consumer Discretionary
- Academy Sports & Outdoors (ASO): Facing demand challenges, with a slight decline in EPS estimates.
- PetMed (PETS): Struggling with significant client churn and negative earnings expectations.
Consumer Staples
- Casey's (CASY): Anticipated to report strong margins amid normalizing fuel prices, with positive stock performance YTD.
Earnings Preview for June 11, 2024: Calendar
Pre-market
| Sector | Company | Ticker | EPS Consensus | YTD Stock Returns | Market Cap | Earnings Time | Call Time |
|---|---|---|---|---|---|---|---|
| Consumer Discretionary | Academy Sports & Outdoors | ASO US | $1.21 | -19% | $3.94 bn | Premarket | 10:00 am |
Intraday
No major earnings expected
After-market
| Sector | Company | Ticker | EPS Consensus | YTD Stock Returns | Market Cap | Earnings Time | Call Time |
|---|---|---|---|---|---|---|---|
| Technology | Oracle | ORCL US | $1.65 | 18% | $342.2 bn | Postmarket | 5:00 pm |
| Consumer Discretionary | PetMed | PETS US | (1c) | -44% | $88.8 mn | Postmarket | 4:30 pm |
| Consumer Staples | Casey's | CASY US | $1.73 | 20% | $12.2 bn | Postmarket | 8:30 am June 12 |
Earnings Previews
Technology
- Oracle (ORCL): Cloud growth expected to outshine software segment weaknesses.
- Adobe (ADBE) and Broadcom (AVGO): AI advancements remain a key focus.
Consumer Discretionary
- Academy Sports & Outdoors (ASO): Demand challenges persist, slight decline in EPS estimates.
- PetMed (PETS): Significant client churn and negative earnings expectations.
Consumer Staples
- Casey's (CASY): Strong margins anticipated amid normalizing fuel prices, positive stock performance YTD.
