Earnings360 Newsletter for 6/6/2024

Earnings360 Newsletter for 6/6/2024
Ciena, Samsara, Dollar Tree & more: Earnings results, news and what's next. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­
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The energy signal flashing again (ad)
I warned about 8% inflation once before
In November 2021, Marc Lichtenfeld warned inflation could top 8 percent within 18 months, while the Fed still called it transitory. Inflation hit 9 percent, and energy became 2022's top-performing asset class.

Now oil is sending a similar signal. Rather than buying a producer and its drilling costs, equipment and debt, Lichtenfeld favors a business with interests across 17 million gross acres in 28 states and more than 137,000 producing wells.

That structure offers broad exposure to oil revenue without betting on a single driller.
 
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Top Earnings News
CrowdStrike's Earnings: Consolidation and AI-Driven Growth
Bath & Body Works' Guidance Dims Positive First Quarter Start
OpenAI's IPO Buzz Sparks Talk of a Historic Market Shakeuptc pixel 
American Superconductor's Earnings Surge, Future Growth Expected
GitLab’s Weak Results Were Priced In; Time to Buy the Dip?
Birkenstock Looks Like a Fit in Any Growth-Oriented Portfolio
The Most Upgraded Stocks After the Q1 Earnings Season
What a Reported OpenAI Filing on Dec 18 Could Mean for Marketstc pixel 
ZIM Shipping Stock Forecast, Earnings Triggers a Buy
From Discount to Discretionary: A Retail Sector Pulse Check

Thursday, June 6 Today's Earnings Announcements

CompanyCurrent PriceConsensus EPSActual EPSBeat/MissConsensus RevenueActual RevenueYoY Revenue GrowthReport
ABM ABM Industries$51.57$0.79$0.87$0.08$2.00 billion$2.02 billion1.7%→
AGX Argan$349.04$0.52$0.58$0.06$134.75 million$157.70 million52.1%→
AVO Mission Produce$11.86($0.01)$0.12$0.13$226.70 million$297.60 million→
BRZE Braze$45.57($0.36)($0.35)$0.01$131.56 million$135.46 million→
CIEN Ciena$341.53$0.1540$0.27$0.1160$895.80 million$910.80 million-19.6%→
DOCU Docusign$80.28$0.20$0.29$0.09$706.07 million$709.64 million→
GIII G-III Apparel Group$28.51($0.05)$0.12$0.17$615.10 million$609.75 million→
IOT Samsara$42.46($0.12)($0.10)$0.02$272.51 million$280.73 million→
MTN Vail Resorts$151.35$9.94$9.54($0.40)$1.31 billion$1.28 billion→
NGL NGL Energy Partners$15.45$0.19($0.38)($0.57)$1.97 billion$1.63 billion→
NIO NIO$3.44($0.31)($0.36)($0.05)$1.48 billion$1.37 billion→
ODC Oil-Dri Corporation Of America$72.22 - $0.2675 - - $106.78 million→
PL Planet Labs PBC$13.42($0.0820)($0.10)($0.0180)$59.80 million$60.44 million→
SJM J. M. Smucker$129.67$2.32$2.66$0.34$2.24 billion$2.21 billion-1.3%→
SKHSY Sekisui House$21.64 - $0.52 - - $5.23 billion→
TTC Toro$102.63$1.29$1.40$0.11$1.34 billion$1.35 billion.7%→
A potential offset to the inflation squeeze (ad)
The oil-price counterpunch most Americans miss
Oil price swings hit consumers hardest at the pump, but one income strategy flips the script. Marc Lichtenfeld, Chief Income Strategist at The Oxford Club, tracks a business that collects oil, gas, and natural gas liquids revenue without paying for rigs, crews, or transportation.

About 73% of its recent revenue came from oil, and its latest quarterly distribution worked out to a double-digit yield as of September 22.
 
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Wednesday, June 5 Yesterday's Earnings Announcements

CompanyCurrent PriceConsensus EPSActual EPSBeat/MissConsensus RevenueActual RevenueYoY Revenue GrowthReport
AGYS Agilysys$116.40 - $0.21 - - $36.34 million→
ANIP ANI Pharmaceuticals$72.67 - $1.17 - - $106.22 million→
BF.A Brown Forman$28.74 - $0.56 - - $964 million→
BF.B Brown-Forman$28.03$0.42$0.56$0.14$1.03 billion$964 million-7.8%→
CPB Campbell's$19.86$0.70$0.75$0.05$2.34 billion$2.37 billion6.3%→
CPB Campbell's$19.86$0.70$0.75$0.05$2.34 billion$2.37 billion→
CXM Sprinklr$6.45$0.02$0.04$0.02$194.54 million$195.96 million→
DLTR Dollar Tree$124.96$1.43$1.43$0.00$7.63 billion$7.63 billion4.2%→
EKTAY Elekta$5.57 - $0.11 - - $475.78 million→
FIVE Five Below$223.80$0.62$0.60($0.02)$834.29 million$811.86 million11.8%→
GEF Greif$81.58$0.77$0.82$0.05$1.30 billion$1.37 billion4.7%→
GEF.B Greif Bros.$113.24 - $0.82 - - $1.37 billion→
IDEXY Industria de Diseno Textil$15.85$0.22$0.23$0.01$9.13 billion$8.85 billion→
IDT IDT$84.43 - $0.33 - - $299.64 million→
LULU lululemon athletica$99.94$2.38$2.54$0.16$2.20 billion$2.21 billion10.4%→
OLLI Ollie's Bargain Outlet$92.67$0.65$0.73$0.08$506.49 million$508.82 million10.8%→
REVG REV Group$63.90$0.24$0.34$0.10$603.17 million$616.90 million→
RNW ReNew Energy Global$6.87($0.06)$0.02$0.08$243.45 million$297 million→
SMTC Semtech$136.20($0.17)($0.17)$0.00$200.16 million$206.11 million→
THO Thor Industries$66.66$1.89$2.13$0.24$2.73 billion$2.80 billion-4.4%→
UNFI United Natural Foods$46.53$0.10$0.10$0.00$7.51 billion$7.50 billion-.1%→
VSXY Victoria's Secret & Co.$88.39$0.11$0.12$0.01$1.36 billion$1.36 billion-3.4%→

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