10/02/2024
Up Coming Earnings that Could drive New York Stock Market to UP or Downside For a Few Selected Stocks! A few companies are Spotlighted !
1. SHOPIFY IS EXPECTED TO BEAT ESTIMATES
Shopify Inc.(SHOP) is confirmed to report earnings on Tuesday, February 13, 2024 at approximately 7:00 AM ET. The consensus earnings estimate is $0.31 per share on revenue of $2.08 billion, representing 19.9% year-over-year revenue growth, and the Earnings Whisper ® number is $0.38 per share. The company's guidance was for revenue of approximately $2.03 billion. Investors are bearish going into the company's earnings release but with 76.9% expecting a beat. Short interest has decreased by 5.7% since the company's last earnings release while the stock has drifted higher by 57.4% from its open following the earnings release to be 41.6% above its 200 day moving average of $64.08. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 14.1% move on earnings and the stock has averaged a 16.1% move in recent quarters. On Wednesday, February 07, 2024 there was some notable buying of 3,654 contracts of the $115.00 call expiring on Friday, June 20, 2025.
ARISTA NETWORKS IS EXPECTED TO BEAT ESTIMATESArista Networks (ANET) is confirmed to report earnings on Monday, February 12, 2024 at approximately 4:05 PM ET. The consensus earnings estimate is $1.70 per share on revenue of $1.53 billion, representing 19.9% year-over-year revenue growth, and the Earnings Whisper ® number is $1.78 per share. The company's guidance was for revenue of $1.50 billion to $1.56 billion. Investors are bullish going into the company's earnings release with 74.9% expecting a beat. Short interest has increased by 25.0% since the company's last earnings release while the stock has drifted higher by 45.4% from its open following the earnings release to be 46.6% above its 200 day moving average of $192.70. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 12.2% move on earnings and the stock has averaged a 9.9% move in recent quarters. On Friday, February 09, 2024 there was some notable buying of 1,347 contracts of the $280.00 call expiring on Friday, February 16, 2024.
DRAFTKINGS IS EXPECTED TO BEAT ESTIMATES
DraftKings Inc.(DKNG) is confirmed to report earnings on Thursday, February 15, 2024 at approximately 4:15 PM ET. The consensus earnings estimate is $0.06 per share on revenue of $1.24 billion, representing 45.0% year-over-year revenue growth, and the Earnings Whisper ® number is $0.14 per share. Investors are bullish going into the company's earnings release with 72.6% expecting a beat. Short interest has decreased by 16.7% since the company's last earnings release while the stock has drifted higher by 43.1% from its open following the earnings release to be 41.8% above its 200 day moving average of $30.59. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 12.8% move on earnings and the stock has averaged a 15.1% move in recent quarters. On Friday, February 09, 2024 there was some notable buying of 20,876 contracts of the $45.00 call expiring on Friday, May 17, 2024.
COINBASE GLOBAL IS SCHEDULED TO REPORT ON THURSDAY, FEBRUARY 15, 2024
Coinbase Global (COIN) is confirmed to report earnings on Thursday, February 15, 2024 at approximately 4:15 PM ET. The consensus estimate is a loss of $0.06 per share on revenue of $270.00 thousand, a decline of 100.0% year-over-year. Investors are bullish going into the company's earnings release with 59.5% expecting a beat. Short interest has decreased by 22.0% since the company's last earnings release while the stock has drifted higher by 69.5% from its open following the earnings release to be 52.8% above its 200 day moving average of $92.92. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 13.5% move on earnings and the stock has averaged a 6.3% move in recent quarters. On Friday, February 09, 2024 there was some notable buying of 25,001 contracts of the $165.00 call expiring on Friday, February 16, 2024.
DATADOG IS EXPECTED TO BEAT ESTIMATES
Datadog (DDOG) is confirmed to report earnings on Tuesday, February 13, 2024 at approximately 7:00 AM ET. The consensus earnings estimate is $0.44 per share on revenue of $566.70 million, representing 20.7% year-over-year revenue growth, and the Earnings Whisper ® number is $0.50 per share. The company's guidance was for earnings of $0.42 to $0.44 per share on revenue of $564.00 million to $568.00 million. Investors are bullish going into the company's earnings release with 79.6% expecting a beat. Short interest has decreased by 2.1% since the company's last earnings release while the stock has drifted higher by 36.3% from its open following the earnings release to be 33.0% above its 200 day moving average of $101.46. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 13.8% move on earnings and the stock has averaged a 11.6% move in recent quarters. On Thursday, January 25, 2024 there was some notable buying of 3,139 contracts of the $155.00 call expiring on Friday, April 19, 2024.
AIRBNB IS EXPECTED TO BEAT ESTIMATES
Airbnb, Inc. (ABNB) is confirmed to report earnings on Tuesday, February 13, 2024 at approximately 4:05 PM ET. The consensus earnings estimate is $0.67 per share on revenue of $2.16 billion, representing 13.6% year-over-year revenue growth, and the Earnings Whisper ® number is $0.72 per share. The company's guidance was for revenue of $2.14 billion to $2.17 billion. Investors are bearish going into the company's earnings release but with 59.1% expecting a beat. Short interest has decreased by 37.9% since the company's last earnings release while the stock has drifted higher by 20.5% from its open following the earnings release to be 13.1% above its 200 day moving average of $130.54. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 8.8% move on earnings and the stock has averaged a 7.1% move in recent quarters. On Wednesday, January 31, 2024 there was some notable buying of 6,427 contracts of the $145.00 put expiring on Friday, March 15, 2024.
UPSTART IS EXPECTED TO BEAT ESTIMATES
Upstart Holdings, Inc. (UPST) is confirmed to report earnings on Tuesday, February 13, 2024 at approximately 4:05 PM ET. The consensus estimate is a loss of $0.14 per share on revenue of $135.28 million, a decline of 7.9% year-over-year, and the Earnings Whisper ® number is a loss of $0.12 per share. The company's guidance was for revenue of approximately $135.00 million. Investors are bearish going into the company's earnings release but with 27.0% expecting a beat. Short interest has increased by 5.0% since the company's last earnings release while the stock has drifted higher by 59.3% from its open following the earnings release to be 1.3% above its 200 day moving average of $33.45. Overall earnings estimates have been revised lower since the company's last earnings release. Option Traders are pricing in a 24.3% move on earnings and the stock has averaged a 24.4% move in recent quarters. On Monday, January 29, 2024 there was some notable buying of 5,813 contracts of the $40.00 call expiring on Friday, February 16, 2024.
MONDAY.COM IS EXPECTED TO BEAT ESTIMATES
Monday.com Ltd (MNDY) is confirmed to report earnings on Monday, February 12, 2024 at approximately 7:00 AM ET. The consensus earnings estimate is $0.32 per share on revenue of $198.29 million, representing 32.3% year-over-year revenue growth, and the Earnings Whisper ® number is $0.45 per share. The company's guidance was for revenue of $196.00 million to $198.00 million. Investors are bullish going into the company's earnings release with 65.3% expecting a beat. Short interest has decreased by 19.1% since the company's last earnings release while the stock has drifted higher by 51.0% from its open following the earnings release to be 41.2% above its 200 day moving average of $167.02. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 14.9% move on earnings and the stock has averaged a 11.9% move in recent quarters. On Friday, February 09, 2024 there was some notable buying of 1,266 contracts of the $260.00 call and 1,130 contracts of the $210.00 put expiring on Friday, February 16, 2024.
ROKU IS EXPECTED TO BEAT ESTIMATES
Roku Inc (ROKU) is confirmed to report earnings on Thursday, February 15, 2024 at approximately 4:05 PM ET. The consensus estimate is a loss of $0.65 per share on revenue of $959.66 million, representing 10.7% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $0.49 per share. The company's guidance was for revenue of approximately $955.00 million. Investors are bearish going into the company's earnings release but with 62.9% expecting a beat. Short interest has increased by 20.3% since the company's last earnings release while the stock has drifted higher by 35.2% from its open following the earnings release to be 22.5% above its 200 day moving average of $78.19. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 16.3% move on earnings and the stock has averaged a 17.0% move in recent quarters. On Thursday, February 08, 2024 there was some notable buying of 2,196 contracts of the $90.00 put expiring on Friday, February 16, 2024.
WM IS EXPECTED TO BEAT ESTIMATES
WM (WM) is confirmed to report earnings on Monday, February 12, 2024 at approximately 5:00 PM ET. The consensus earnings estimate is $1.53 per share on revenue of $5.19 billion, representing 5.2% year-over-year revenue growth, and the Earnings Whisper ® number is $1.58 per share. Investors are bullish going into the company's earnings release with 57.8% expecting a beat. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted higher by 20.3% from its open following the earnings release to be 13.1% above its 200 day moving average of $166.93. Overall earnings estimates have been revised higher since the company's last earnings release. Option Traders are pricing in a 3.6% move on earnings and the stock has averaged a 3.2% move in recent quarters. On Friday, February 09, 2024 there was some notable buying of 2,958 contracts of the $185.00 put expiring on Friday, March 15, 2024.