Earnings Reports: Mixed Forecasts for Tech and Retail Stocks

A recent report reveals varied earnings forecasts for multiple companies. CrowdStrike faces a significant EPS drop, while Autodesk and Workday anticipate increases. Notably, retail players Nordstrom and Urban Outfitters predict declines, impacting investor sentiment and stock price volatility.

Date: 01-12-2024

AI Rating: 5

The report highlights several companies set to report their earnings, with various projections influencing investor outlook. Key metrics include:

Earnings Per Share (EPS): CrowdStrike Holdings is projected to report an EPS of $0.01, marking a steep 93.75% decline from the previous year. Conversely, Autodesk expects an EPS of $1.44, reflecting an 8.27% rise year-over-year.
Working Performance: Workday anticipates an EPS increase of 19.15%, while Dell Technologies forecasts an EPS of $1.84, indicating a 13.58% growth compared to last year. However, HP Inc. and Urban Outfitters are projecting slight declines in EPS, 4.44% and 3.41% respectively.
Price to Earnings Ratios: CrowdStrike has a remarkably high PE ratio of 742.20, implying expectations of high growth despite current performance issues. Autodesk's PE ratio of 55.74 and Workday's ratio of 111.54 also signal anticipated growth. Additionally, Nordstrom and Urban Outfitters have lower ratios relative to their peers, suggesting they may struggle to attract investment at this time.

The mix of negative and positive projections indicates potential volatility in stock prices as earnings reports are released. Generally, though companies with improving EPS and higher growth expectations may see positive movements, those with significant downgrades like CrowdStrike could negatively impact investor sentiment.

Stocks: CRWD ADSK WDAY DELL HPQ NTNX JWN URBN AMBA ARWR PD YY