Get Ready for Big Moves: Stock Earnings Preview

Read on for an overview of these five interesting companies reporting this week:

Williams-Sonoma (NYSE: WSM)

Williams-Sonoma (NYSE: WSM) is all set to release its financial results for the fourth quarter and fiscal year 2022 on Thursday, March 16th, 2023.

According to FactSet analysts, the EPS estimate consensus for the full year is predicted to be $16.47, with a sales consensus of $8.8bn.

Over the past year, WSM stock has traded between $101.58 and $176.89, and today it trades at around $123.80. The Williams-Sonoma stock price is up 8.53% so far this year, which is a positive sign. In comparison, the S&P 500 has only risen 2.4% over the same period.

24 FactSet analysts have a consensus Hold rating on WSM stock with a target share price of $129.39.

WSM stock has a price-to-earnings ratio (P/E) of 7.5 and a market cap of $8.24bn. Plus, the company currently gives shareholders a 2.5% dividend yield. Its latest annual revenue reported was $8.24bn, and unfortunately, WSM stock has fallen -15.46% in the past year.

About Williams-Sonoma

For those of you who are new to the company, Williams-Sonoma, Inc. is a multi-channel specialty retailer of premium quality home products. The company has five brands, each of which is an operating segment.

Pottery Barn offers premium quality furniture, lighting etc.
West Elm produces personalized products designed by the company's team of artists and designers.
Williams-Sonoma offers cookware-related goods.
Pottery Barn Kids and Teen deals with products in kids and teen spaces.
Its Other segment primarily consists of international franchise operations, Rejuvenation and Mark and Graham. Rejuvenation offers premium quality products that are inspired by history, while Mark and Graham is known for personalized gift items.

Adobe Systems Inc (NASDAQ: ADBE)

Adobe Systems Inc (NASDAQ: ADBE) is gearing up to release its latest financial results on March 15.

According to FactSet analyst estimates, the consensus for earnings per share (EPS) is expected to be $3.68, with sales coming in at around $4.62bn.

If you're an ADBE stockholder, you'll be happy to know that the stock price has been steadily rising. Over the past year, it's been trading between $274.73 and $473.49, and today it's sitting at a comfortable $338.37. That's a 0.43% increase in the stock price so far this year.

35 FactSet analysts have given ADBE stock an Overweight rating, with a target share price of $385.21. That's a solid endorsement, and it shows that the company is on the right track.

When it comes to Adobe Systems Inc's financials, there's a lot to be excited about. The company has a P/E of 33.5 and a market cap of $155bn. While there's no shareholder dividend at the moment, the company's latest annual revenue was a whopping $17.4bn.

About Adobe

For those who aren't familiar with Adobe, it's one of the largest software companies in the world. The company makes money through licensing fees and offers technical support and education services.

It operates through three segments, with the Digital Media solutions segment being the largest. This segment helps small businesses and enterprises create amazing content, deliver it across multiple platforms, and then optimize it through systematic targeting and measurement. This includes products like Creative Cloud and Document Services.

So, there you have it! Adobe Systems Inc is a company that's worth keeping an eye on. With solid financials and a track record of success, it's no wonder it has a high P/E.

Lennar Corp (NYSE: LEN)

Get ready to hear the latest financial results from one of the nation's largest homebuilders, Lennar Corp (NYSE: LEN). The company just announced that it will release its earnings report for the first quarter ended February 28, 2023, after the market closes on March 14, 2023.

Lennar will also be holding a conference call on March 15, 2023, at 11:00 a.m. Eastern Time, where investors can learn more about the company's progress and ask any burning questions.

According to FactSet analyst estimates, LEN is predicted to have an EPS consensus of $1.55, with guidance ranging from $1.40 to $1.70. Additionally, the sales consensus for Q1 is $5.9bn.

If you're curious about the stock's performance, LEN has traded between $62.54 and $109.28 over the past year, and today it's trading at around $98.59. While it's down -1.35% so far this year, 21 FactSet analysts still have a consensus Overweight rating on LEN stock with a target share price of $109.

LEN stock sports a P/E of 6.3 and a market cap of $28bn. The company also gives shareholders a 1.55% dividend yield, making it a solid choice for investors looking for stable returns. In fact, in the past year, LEN stock has returned 11.92%.

About Lennar

Lennar Corporation is engaged in homebuilding and financial services in the United States.

The company's reportable segments consist of Homebuilding, Lennar Financial Services, Rialto, and Lennar Multifamily.

Despite its varied product portfolio, homebuilding remains Lennar's core business. This includes the sale and construction of single-family attached and detached homes, as well as the purchase, development, and sale of residential land directly and through unconsolidated entities.

Jabil Circuit (NYSE: JBL)

Jabil Circuit (NYSE: JBL) will be releasing its second quarter fiscal year 2023 financial results on Thursday, March 16, 2023, before the market opens. It follows with Jabil Circuit's conference call and webcast to review the results on the same day at 8:30 a.m. ET.

According to FactSet analyst estimates, Jabil Circuit's EPS consensus is expected to be $1.85 with guidance ranging from $1.64 to $2.04. Meanwhile, the sales consensus is predicted to be $8.08bn with guidance ranging from $7.8bn to $8.4bn. With these optimistic projections, investors are hoping for good news from Jabil Circuit.

If we take a look at JBL stock's performance, it has been nothing short of impressive.

Over the past year, JBL has traded between $48.80 and $85.70. Today, it is trading at around $83.37, which is a great sign. Additionally, the Jabil Circuit stock price has increased by 24% so far this year. This shows that JBL is a great stock to invest in, and its growth potential is high.

It's not just regular investors who are optimistic about Jabil Circuit. Ten FactSet analysts have a consensus Overweight rating on JBL stock with a target share price of $87.90. This indicates that the company's future looks promising.

JBL stock has a P/E of 12 and a market cap of $11.11bn. The company also offers shareholders a 0.38% dividend yield. Its latest annual revenue reported was $33.4bn, and in the past year, JBL stock has returned 50.16%. These figures prove that Jabil Circuit is a promising company.

About Jabil

Jabil Inc. is an electronic manufacturing services and solutions company that offers design, production, and product management services to a wide range of industries.

Its operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment focuses on information technology, supply chain design and engineering, and core electronics technologies, while the DMS segment provides engineering solutions with a focus on material sciences and technologies.

Jabil's biggest customers include well-known brands like Apple, Cisco, Hewlett-Packard, and Nokia Networks.

Academy Sports and Outdoors Inc (NASDAQ: ASO)

Get ready sports and outdoor enthusiasts because Academy Sports and Outdoors Inc (NASDAQ: ASO) is set to release its fourth quarter and fiscal 2022 financial results on Thursday, March 16, 2023, before the market opens.

As a leading full-line sporting goods and outdoor recreation retailer in the United States, Academy Sports and Outdoors Inc has garnered much attention from investors and industry analysts alike.

According to FactSet analyst estimates, the EPS consensus is predicted to be $7.53 (with guidance of $7.50 to $7.65) and a sales consensus of $6.44bn (guidance of $6.43bn to $6.49bn).

Excitingly, ASO stock has had an incredible year, trading between $25.10 and $63.89, and is currently trading at around $61.01. Its latest annual revenue reported was $6.77bn, and in the past year, ASO stock has returned an impressive 86.46%.

Additionally, Academy Sports and Outdoors Inc stock price is up 20% so far this year.

Not only that, but with 12 FactSet analysts giving a consensus Buy rating on ASO stock and a target share price of $69.08, it's clear that the market has high expectations for the company.

But that's not all! The Board of Directors recently declared a cash dividend with respect to the fiscal quarter that ended January 28, 2023, of $0.09 per share of common stock of the Company, a 20% increase from the previous quarterly dividend payment. The dividend is payable on April 13, 2023, to stockholders of record as of the close of business on March 23, 2023.

Academy Sports and Outdoors Inc has a P/E of 8.6 and a market cap of $4.77bn.

About Academy Sports and Outdoors

For those who are unfamiliar with Academy Sports and Outdoors Inc, the company was originally founded in 1938 as a family business in Texas and has since grown to 268 stores across 18 states.

Academy's mission is to provide "Fun for All," and it fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers.

Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation, and footwear through both leading national brands and a portfolio of private label brands.

So mark your calendars and get ready for an earnings update from Academy Sports and Outdoors Inc on March 16, 2023.

More Earnings to Look Out For

There are over 200+ companies on the earnings calendar this week, so you should also look out for stock earnings results from Genie Energy Ltd (NYSE: GNE), Optical Cable Corp (NASDAQ: OCC), SES AI Corp (NYSE: SES), Avinger Inc (NASDAQ: AVGR), Ontrak Inc (NASDAQ: OTRK), Toughbuilt Industries Inc (NASDAQ: TBLT), Dollar General Corp (NYSE: DG), Premium Brands Holdings Corp (TSX: PBH-CA), Five Below Inc (NASDAQ: FIVE), Tutor Perini Corp (NYSE: TPC), Calumet Specialty Products Partners LP (NASDAQ: CLMT), ADENTRA Inc (TSX: ADEN-CA), Designer Brands Inc (NYSE: DBI), Guess? Inc (NYSE: GES), G-III Apparel Group Ltd (NASDAQ: GIII), Converge Technology Solutions Corp (TSX: CTS-CA), Caleres Inc (NYSE: CAL), Titan Machinery Inc (NASDAQ: TITN), Lands' End Inc (NASDAQ: LE), Calfrac Well Services Ltd (TSX: CFW-CA), Aveanna Healthcare Holdings Inc (NASDAQ: AVAH), Custom Truck One Source Inc (NYSE: CTOS), Park-Ohio Holdings Corp (NASDAQ: PKOH), Franco-Nevada Corp (TSX: FNV-CA), RumbleOn Inc (NASDAQ: RMBL), Array Technologies Inc (NASDAQ: ARRY), UiPath Inc (NYSE: PATH), Life360 Inc (ASX: 360-AU), Audacy Inc (NYSE: AUD), Cresco Labs Inc (CSE: CL), Smartsheet Inc (NYSE: SMAR), Janus International Group Inc (NYSE: JBI).