With earnings last week offering up some very big movers, the message of continued capex from the hyper-scalers helped Nvidia pop more than 13% on the week, with it's own earnings not due until late this month. Pinterest gained ~20% on the back of it's results, as Google and Amazon both pulled back in the immediate aftermath. Now looking ahead to this week, and there are plenty of stocks to watch, including retail favourites Robinhood, Reddit, and Coinbase.
Other major sectors, including consumer discretionary, technology, and healthcare are also on watch and will see plenty of air time and clues as to broader sector trends. Key themes to watch include cost pressures, digital transformation, and macroeconomic factors impacting revenue and profitability.
As has been a theme of the earnings season, some big names that have beat on top and bottom lines have been harshly punished for disappointing guidance, so a more detailed look through the reports for guidance and future plans will be key, potentially moreso than headline numbers in certain instances.
Monday, February 10
Before Market Open
McDonald's Corporation (NYSE: MCD) – recently benefited from strong same-store sales growth driven by value meal promotions and its digital ordering platform. Analysts expect continued growth but are monitoring potential impacts from inflation and higher labor costs on margins. Markets are expecting to see a year over year decline on EPS, with revenue seen as increasing by ~1.1% YoY.
- Upcoming Quarter Estimates: EPS of $2.86; Revenue of $6.48 billion.
- Same Period YoY : EPS of $2.95; Revenue of $6.41 billion.
Monday.com Ltd. (NASDAQ: MNDY) – the work management software company has shown strong subscription growth and increased enterprise adoption. Analysts anticipate steady revenue gains but will watch for updates on profitability improvements and competitive pressures. Revenue seen as increasing by ~29%.
- Upcoming Quarter Estimates: EPS of $0.79; Revenue of $261.34 million.
- Same Period YoY: EPS of $0.65; Revenue of $202.57 million.
Tuesday, February 11
Before Market Open
The Coca-Cola Company (NYSE: KO) – seen solid performance in emerging markets and success with its sugar-free beverage lineup. Markets will look for updates on cost pressures, marketing initiatives, and global demand trends. The expectation is for a ~2.2% decline in revenue year-on-year.
- Upcoming Quarter Estimates: EPS of $0.52; Revenue of $10.7 billion.
- Same Period YoY: EPS of $0.49; Revenue of $10.95 billion.
Shopify Inc. (NYSE: SHOP) – continues to expand its merchant base, with analysts focusing on gross merchandise volume (GMV) and revenue from its payments platform. The market is also watching for signs of e-commerce growth stabilization post-pandemic. If estimates are correct, this would represent a ~27% growth in revenue for the company.
- Upcoming Quarter Estimates: EPS of $0.43; Revenue of $2.73 billion.
- Same Period YoY: EPS of $0.34; Revenue of $2.14billion.
After Closing Bell
DoorDash, Inc. (NASDAQ: DASH) – seen increased order frequency and expansion into grocery and retail deliveries. Analysts expect revenue growth but will be looking for any commentary on profitability and customer retention. Revenue growth of ~24% year on year is expected.
- Upcoming Quarter Estimates: EPS of $0.33; Revenue of $2.85 billion.
- Same Period YoY: EPS of -$0.39; Revenue of $2.3 billion.
Wednesday, February 12
Before Market Open
Dominion Energy, Inc. (NYSE: D) -the company has been investing in renewable energy projects while managing regulatory challenges. Analysts anticipate steady earnings but will look for updates on rate approvals and future capital expenditures.
- Upcoming Quarter Estimates: EPS of $0.55; Revenue of $3.94 billion.
- Same Period YoY: EPS of $0.29; Revenue of $3.53 billion.
After Closing Bell
Robinhood Markets, Inc. (NASDAQ: HOOD) – seen improved trading volumes amid rising retail investor activity. Analysts are watching for growth in assets under management and any updates on cryptocurrency trading revenue.
- Upcoming Quarter Estimates: EPS of $0.52; Revenue of $950.19 million.
- Same Period YoY: EPS of $0.13; Revenue of $471million.
Reddit, Inc. (NASDAQ: RDDT)
- Upcoming Quarter Estimates: EPS of $0.25; Revenue of $405.06 million.
- Same Period YoY: not available, due to being privately held at the time.
Thursday, February 13
Before Market Open
Datadog, Inc. (NASDAQ:DDOG) – the company has been expanding its observability and security product offerings, driving strong enterprise adoption. Markets will be looking for sustained revenue growth and updates on customer retention. Revenue growth of ~21% expected.
- Upcoming Quarter Estimates: EPS of $0.43; Revenue of $713.85 million.
- Same Period YoY: EPS of $0.44; Revenue of $589.65 million.
After Closing Bell
Coinbase Global, Inc. (NASDAQ: COIN) – alongside cryptocurrency market volatility, Coinbase’s trading volumes and transaction fees remain key focus areas. Analysts expect improved earnings but will closely watch regulatory developments. Revenue growth YoY of ~ 81% is what markets are looking for.
- Upcoming Quarter Estimates: EPS of $1.71; Revenue of $1.73 billion.
- Same Period YoY: EPS of $1.04; Revenue of $953.78 million.
DraftKings Inc. (NASDAQ: DKNG) – benefited from continued legalization of sports betting in new states. Investors will focus on customer acquisition costs and margin expansion as the company seeks profitability.
- Upcoming Quarter Estimates: EPS of $0.04; Revenue of $1.41 billion.
- Same Period YoY: EPS of $0.29; Revenue of $1.23 billion.
Friday, February 14
Before Market Open
Moderna, Inc. (MRNA) – the company has been transitioning from a COVID-19 vaccine focus to expanding its pipeline, including mRNA-based treatments for other diseases. Analysts are keen to hear updates on new product development and future revenue diversification.
- Upcoming Quarter Estimates: EPS of -$2.72; Revenue of $951.09 million.
- Same Period YoY: EPS of $0.55; Revenue of $2.81 billion.
