ULTA Pre-earnings Analysis Chart done on hourly timeframe. ULTA is set to report earnings this week and they have a hefty target to reach as profits are expected to rise by 50% quarter over quarter. The beauty giant will be reporting their holiday sales numbers so the optimistic estimates are reasonable, but their stock is trading around all time highs so even if they beat, it might already be priced in. The company’s revenue has also declined quarter over quarter in 2023, potentially foreshadowing an earnings miss. Despite a decline in revenue and net income, ULTA shares jumped after their last quarter earnings and continued rallied until about a week ago. There doesn’t seem to be a good reason for...
Dick’s Sporting Goods (DKS) Pre-earnings Analysis Chart done on hourly timeframe. Dick’s Sporting Goods has started off 2024 with a near vertical rally, moving the company to a new all time high, and nearly doubling it from its 52 week lows. Because of their niche market position, Dick’s has been able to maintain strong presence in the retail sector unlike many other retailers who have lost to e-commerce. The company revenue is steady for a retailer, and they’ve managed to stay profitable over the years. Their balance sheet is also healthy and free cash flow is reading at a positive number. This explains why investors stepped in when DKS was trading around the $100.00 mark, when its P/E ratio was...
Broadcom (AVGO) Post-earnings Analysis Despite ambitious targets, Broadcom managed to beat quarterly earnings on Thursday and surpass estimates; however the stock is down in after-hours. The decline in the stock could be because the company’s leading product growth was in their software revenue, not their chip revenue. Markets are extremely bullish right now, but the biggest movers have been the companies reporting strong artificial intelligence chip growth, and even though Broadcom did that, it wasn’t enough for investors. Nonetheless, the semiconductor giant still reported a great quarter overall, coming in at $10.99 earnings per share and giving a guidance of $50B for the full year. Long term outlook: Across the board, semiconductor companies are trading at expensive multiples, far above...
Costco Post-earnings Analysis Costco reported quarterly earnings after the bell Thursday and while profits exceeded estimates, their revenue didn’t come in line with expectations. The wholesale retailer generated revenue of $58.44B for the quarter, slightly below the expected $59.1B, but still an increase from last quarter’s numbers. Profits were also up to $3.92 per share, beating the $3.62 estimates. E-commerce was a highlight for the company as it reflected online growth by 18.4% YoY, helping them compete against Amazon and Walmart. All in all, Costco reported a strong quarter, but shares fell on the revenue miss. At these highs any scent of bad news can drive traders to take profits, but the general trend remains bullish so there’s a chance...
Albemarle Corporation. Depository Shares Update and Technical Analysis Albemarle is starting off March by giving back nearly half of its February gains after the company announced a depository shares offering valued at $1.75B. The stock surged more than 20% last month due to lithium price increase, but investors are now afraid that the company is short on cash. Looking at their annual revenue, they’re growing in a healthy direction, growing 31% YoY in 2023. However while analyzing their net income, we see the company has been declining in profitability. Their first quarter performance last year reflected a positive $1.16B in net income, but by Q4 they moved to nearly -$1B. While their balance sheet is healthy with $18B in assets...
