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Earnings season still rolls on. There are several hundred companies expected to report this week including some top retailers and popular tech companies. But there are also a bunch of recent IPOs and SPACs that are reporting too.
It’s a busy week. Which earnings reports should you watch?
I stayed with the tried and true this week and went with the big cap companies. These 5 are stocks that many watch every day. One of them is an earnings all-star which hasn’t missed on earnings in 5 years. That’s impressive even with normal market conditions, but this streak was held throughout the pandemic.
Will there be any surprises with these companies this week?
Rivian Automotive has beat 2 out of the last 4 quarters. But shares of Rivian are down 71% over the last year, although they are up 0.1% year-to-date in 2023.
Rivian has no P/E, as it’s still expected to see negative earnings in 2023 of $5.24 after losing $6.51 in 2022.
Kohl’s has beat 3 out of the last 4 quarters, including two quarters in a row.
Shares of Kohl’s are up 15.7% year-to-date but over the last year they’ve fallen 48.6%. It’s cheap with a forward P/E of 9.3.
Kohl’s is also paying a juicy dividend of $0.50 per share, which is yielding 6.8%. On Feb 21, 2023, the Kohl’s Board of Director’s again authorized the $0.50 quarterly payment.
Salesforce hasn’t missed in 5 years. It is the company with the perfect earnings surprise track record.
But that hasn’t stopped shares of Salesforce from falling 21% over the last year. However, like a lot of growth stocks, it has rallied 23% year-to-date.
Salesforce isn’t cheap. It has a forward P/E of 27.7.
This Week's 5 Must-See Earnings Charts
Earnings season still rolls on. There are several hundred companies expected to report this week including some top retailers and popular tech companies. But there are also a bunch of recent IPOs and SPACs that are reporting too.
It’s a busy week. Which earnings reports should you watch?
I stayed with the tried and true this week and went with the big cap companies. These 5 are stocks that many watch every day. One of them is an earnings all-star which hasn’t missed on earnings in 5 years. That’s impressive even with normal market conditions, but this streak was held throughout the pandemic.
Will there be any surprises with these companies this week?
This Week’s 5 Must-See Earnings Charts
1. Rivian Automotive, Inc. (RIVN - Free Report)
Rivian Automotive has beat 2 out of the last 4 quarters. But shares of Rivian are down 71% over the last year, although they are up 0.1% year-to-date in 2023.
Rivian has no P/E, as it’s still expected to see negative earnings in 2023 of $5.24 after losing $6.51 in 2022.
Is the worst selling over in Rivian?
2. Kohl’s Corp. (KSS - Free Report)
Kohl’s has beat 3 out of the last 4 quarters, including two quarters in a row.
Shares of Kohl’s are up 15.7% year-to-date but over the last year they’ve fallen 48.6%. It’s cheap with a forward P/E of 9.3.
Kohl’s is also paying a juicy dividend of $0.50 per share, which is yielding 6.8%. On Feb 21, 2023, the Kohl’s Board of Director’s again authorized the $0.50 quarterly payment.
Is there still a buying opportunity in Kohl’s?
3. Salesforce (CRM - Free Report)
Salesforce hasn’t missed in 5 years. It is the company with the perfect earnings surprise track record.
But that hasn’t stopped shares of Salesforce from falling 21% over the last year. However, like a lot of growth stocks, it has rallied 23% year-to-date.
Salesforce isn’t cheap. It has a forward P/E of 27.7.
Should Salesforce be on your short list?
4. Snowflake Inc. (SNOW - Free Report)
Snowflake has beat 6 quarters in a row. That’s a great earnings surprise track record.
Shares of Snowflake have fallen 43% in the last year but have rallied 7.7% in 2023.
Earnings are expected to be $0.22 in fiscal 2023 and $0.46 in fiscal 2024. That gives Snowflake a forward P/E of 323.
Is valuation a problem with Snowflake?
5. Costco Wholesale Corp. (COST - Free Report)
Costco is coming off a rare miss last quarter. It was the first miss in 7 quarters.
Shares of Costco have rallied big in the last 5 years but over the last year, they have stalled out and are down 5.6%. Year-to-date it’s up 7%.
It’s not cheap, with a forward P/E of 34. But Costco investors are as loyal as their customers. No price is too high to pay for the shares.
Is it too late for new investors to own Costco?