As we enter a new week of financial reporting, several notable companies are set to release their earnings. Here's what investors should keep an eye on for each:
Monday, September 9th
Oracle (ORCL) - ★★★★
Ranked #57 in our Q3 2024 Large Cap Equity Rankings
Earnings per share (EPS) estimate: $1.33
Key Things To Watch: Cloud services and license support revenue growth, Hardware segment performance, Progress in AI and machine learning initiatives, Guidance for future quarters, especially in light of global economic conditions
Tuesday, September 10th
Dave & Buster's Entertainment (PLAY) - ★
Ranked #87 in our Q3 2024 SMID Cap Equity Rankings
Earnings per share (EPS) estimate: $0.84
Key Things To Watch: Comparable store sales, Food and beverage sales vs. amusement and other revenues, New store performance and expansion plans,
Impact of any cost-saving initiatives
Thursday, September 12th
Kroger (KR) - ★★★
Ranked #63 in our Q3 2024 Large Cap Equity Rankings
Earnings per share (EPS) estimate: $0.96
Key Things To Watch: Identical sales growth (excluding fuel), Digital sales performance, Private label product sales, Updates on merger plans with Albertsons
Adobe (ADBE) - ★★★★
Ranked #36 in our Q3 2024 Large Cap Equity Rankings
Earnings per share (EPS) estimate: $4.53
Key Things To Watch: Creative Cloud subscription growth, Digital Experience segment performance, Progress in AI integration across products, Any updates on the pending Figma acquisition
RH (RH)
Ranked #58 in our Q3 2024 SMID Cap Equity Rankings
Earnings per share (EPS) estimate: $3.93
Key Things To Watch: Revenue growth, particularly in their core RH business
Gross margin trends, International expansion progress, Commentary on luxury consumer sentiment and housing market impacts
As always, investors should pay close attention to each company's forward guidance and management's commentary on broader economic trends affecting their respective industries.
A Look Back
Gitlab Surges 18% on Raised 2025 Guidance, Bullish Options Activity
Gitlab (GTLB) - ★★★★
Ranked #7 in Q3 2024 SMID Cap Equity Rankings
Highlights:
Gitlab (GTLB) stock jumped 18% in intraday trading today, trading above $52 per share
GTLB was ranked #7 in our Q3 2024 SMID Cap Equity Rankings with a 12-month price target of $56
Bullish option traders were rewarded with over 100% gains on $50 call options expiring in October 2024
Even after today's move, GTLB is still down -14% year-to-date (YTD)
Company Updates:
GTLB raised its 2025 revenue forecast to $742 million to $744 million, up from the prior range of $733 million to $737 million
The company now expects 2025 operating income in the range of $55 million to $58 million, compared to the earlier forecast of $34 million to $38 million
GTLB reported Q2 revenue of $182.6 million, up from $139.6 million a year ago
Outlook: Despite the recent pullback, Gitlab remains a compelling growth story in the DevOps and software development tools space. The company's improved financial guidance and positive momentum in Q2 suggest GTLB is well-positioned to continue its strong performance. We maintain our bullish stance on the stock and believe the current valuation presents an attractive entry point for long-term investors.
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