Earnings watch 5/24

Earnings watch 5/24:

CSIQ
SBLK
INTU
DOLE
RL
AZO
JWN
BBY
WOOF
ANF

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comment:

Abercrombie & Fitch Misses. (ANF) reported a q1 April 2022 loss of $0.27 per share on revenue of $812.8 million. The consensus earnings estimate was $0.08 per share on revenue of $797.9 million. Revenue grew 4.0% on a year-over-year basis. The company said it expects second quarter revenue of approximately $843.2 million. The current consensus revenue estimate is $890.12 million for the quarter ending July 31, 2022. The company also said it expects fiscal 2023 revenue of $3.71 billion to $3.78 billion. The company's previous guidance was revenue of $3.78 billion to $3.86 billion and the current consensus revenue estimate is $3.84 billion for the year ending January 31, 2023.

Comment:

Canadian Solar Beats. (CSIQ) reported Q1 March 2022 earnings of $0.14 per share on revenue of $1.3 billion. The consensus estimate was a loss of $0.05 per share on revenue of $1.3 billion. Revenue grew 14.8% on a year-over-year basis.

Comment:

Best Buy Misses. (BBY) reported Q1 April 2022 earnings of $1.57 per share on revenue of $10.6 billion. The consensus earnings estimate was $1.59 per share on revenue of $10.4 billion. Revenue fell 8.5% compared to the same quarter a year ago. The company said it expects fiscal 2023 earnings of $8.40 to $9.00 per share on revenue of $48.30 billion to $49.90 billion. The company's previous guidance was earnings of $8.85 to $9.15 per share on revenue of $49.30 billion to $50.80 billion and the current consensus earnings estimate is $8.85 per share on revenue of $50.23 billion for the year ending January 31, 2023.

Comment:

Autozone Beats. (AZO) reported Q3 May 2022 earnings of $29.03 per share on revenue of $3.9 billion. The consensus earnings estimate was $25.87 per share on revenue of $3.7 billion. Revenue grew 5.9% on a year-over-year basis.

Comment:

Ralph Lauren Beats. (RL) reported Q4 March 2022 earnings of $0.49 per share on revenue of $1.5 billion. The consensus earnings estimate was $0.30 per share on revenue of $1.5 billion. Revenue grew 18.3% on a year-over-year basis.The company said it expects first quarter revenue of approximately $1.49 billion and fiscal 2023 revenue of approximately $6.72 billion. The current consensus revenue estimate is $1.39 billion for the quarter ending June 30, 2022 and revenue of $6.40 billion for the year ending March 31, 2023.

Comment:

Nordstrom (JWN) reported Q1 April 2022 loss of $0.06 per share. The consensus estimate was a loss of $0.08 per share on revenue of $3.28 billion. The company said it expects fiscal 2023 earnings of $3.20 to $3.50 per share on revenue of $15.68 billion to $15.97 billion. The company's previous guidance was earnings of $3.15 to $3.50 per share on revenue of $15.12 billion to $15.41 billion and the current consensus earnings estimate is $3.30 per share on revenue of $15.52 billion for the year ending January 31, 2023. Board of directors authorizes $500 million share repurchase program.

Comment:

Intuit Misses. (INTU) reported Q3 April 2022 earnings of $7.65 per share on revenue of $5.6 billion. The consensus earnings estimate was $7.58 per share on revenue of $5.5 billion. The Earnings Whisper number was $7.67 per share. Revenue grew 35.0% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $0.94 to $1.00 per share on revenue of $2.33 billion to $2.36 billion. The current consensus earnings estimate is $0.96 per share on revenue of $2.11 billion for the quarter ending July 31, 2022.