Nvidia Updated Analysis Chart done on hourly timeframe. Nvidia’s dominance has come into question after the stock has struggled to get above the 1k mark last month, but it is important to note that although the stock is moving sideways, it is still very much in bullish control. It is not unusual that we saw Nvidia get rejected around 1k ahead of the successful break, this is something historically common in the market. The important part is that it has remained near the highs and they’re still delivering on analysts’ expectations. In the short term, Nvidia’s reign can be attributed to Wall Street’s excitement around artificial intelligence. This is a similar story that we saw to Tesla a few years...
Restoration Hardware Pre-earnings Analysis: Chart done on daily timeframe. Apart from William-Sonoma, furniture and decor companies have been trading flat for the past six months, but RH’s earnings this week may get things moving. The company’s last earnings report came in at a surprise loss 0.42, expectations were a positive .91. Despite the big miss, their stock still jumped, but it hasn’t been able to get above those highs since, so we’ll likely see a big move on this report. The company is estimated to report a positive EPS of 1.72 per share, which is a hefty target, but holiday season may help get them there. Analysts expect RH’s revenue to grow to $777.8M for the quarter, but still down...
PayChex (PAYX) Pre-earnings Analysis Chart done on daily timeframe. PayChex investors are awaiting the company’s next earnings release, which is scheduled on April 2nd before market open. The human capital management company has high expectations this earnings season as analysts have higher profitability estimates than the last four quarters. The company topped three out of the last four estimates in Q2 23, but generally speaking they’ve grown profitability consistently over the past five years. Revenue has also grown steadily as the company takes on more of the market share from big competitors like ADP and Paylocity. Their price to earnings ratio is currently 26.87, which is considered a bit expensive, but in-line with the industry’s leader ADP at 28.82. Free...
UNF Pre-earnings Analysis Chart done on daily timeframe. Unifirst Corporation has positioned itself nicely to take a small chuck of a multibillion dollar industry, an industry that is consistent on both the consumer and producer’s end. This has helped it build its revenues steadily over the last seven years, but unfortunately the operational costs eat away most of the profits, leaving them with profit margins that often vary based on labor and material cost factors. This explains the decline in profits UNF has seen in the last five years as inflation ate away at its profits along with rising interest rates, and analysts seem to be understanding of that as they’ve adjusted their profit expectations lower. Quarterly EPS for UNF...
SNX Pre-earnings Analysis Chart done on daily timeframe. Synnex Corporation is set to release its earnings this week. Investors will be excited to hear about Destination AI, which is the company’s artificial intelligence analytics system. Synnex does business with company’s such as AMD, Nvidia, Oracle, Google…etc., many of which have shown substantial growth over the past year; however SNX’s revenue has not reflected that same growth. The company’s year over year revenue fell by about 8%, which could be attributed to higher interest rates and geopolitical pressures. Overall their revenue has still grown more than 100% to 58B in the last four years so a small slowdown is reasonable, but these earnings will be critical as they could set the...
