What to Expect from Earnings This Week (LUNR, OKLO, RUM, GME, CHWY, DLTR, WOOF, LULU)

The S&P 500 managed to break the weekly losing streak, with last week's 0.57% gain coming as some see a ‘buyable bottom'. With the next major tariff date to watch coming next week, we are drawn to few names reporting earnings this week. U.S. earnings season is largely in a quiet phase, yet there remain some retail favourites that will be worth paying attention to.

With the QQQ ETF indicating the Nasdaq 100 starting the week with a gain of more than 1%, we could be setting up for a strong start. Let's take a closer look at what markets are expecting in the week ahead.

Monday 24th March

Intuitive Machines (LUNR) – Reporting Before Market Open:

• Expected Results: EPS Expected: $-0.08, Revenue Expected: $55.77M
• Previous Quarter Highlights:
  • Previous EPS Expected: -$0.01 vs. Previous EPS Actual: -$0.08 (Miss)
  • Previous Revenue Expected: $50.89M vs. Previous Revenue Actual: $58.48M (Beat)

Intuitive Machines is set to report after a mixed performance last quarter. The company missed earnings expectations previously, but beat on revenue. Despite the prior quarter’s miss, the company’s revenue exceeded expectations, hinting that expectations may be a bit more favorable this time around. Markets will be keeping an eye on whether this trend of top-line strength continues, especially given the mixed results in earnings.

Oklo Inc (OKLO) – Reporting After Market Close:

• Expected Results: EPS Expected: $ -0.7, Revenue Expected: N/A (Not yet revenue-generating)
• Previous Quarter Highlights:
  • Previous EPS Expected: -$0.06 vs. Previous EPS Actual: -$5.17 (Miss)

Oklo Inc has yet to generate revenue, and it has struggled to meet EPS expectations. Last quarter, Oklo reported a significant earnings miss, so expectations remain low going into this earnings report. Sentiment surrounding the sector, and any partnership/pipeline news could be factors to watch.

Tuesday 25th March

Rumble (RUM)- Reporting Tuesday Before Opening:

• Expected Results: EPS Expected: $- , Revenue Expected: $29.73M
• Previous Quarter Highlights:
  • Previous EPS Expected: -$0.7 vs. Previous EPS Actual: $-0.15 (Miss)
  • Previous Revenue Expected: $29.25M vs. Previous Revenue Actual: $25.06M (Miss)

Rumble has had a tough time hitting revenue targets in recent quarters. Despite a larger expected EPS miss last quarter, the company reported better-than-expected revenue. Investors will look for Rumble to improve on both the top and bottom lines this time around, with hopes for further revenue growth.

GameStop (GME) – Reporting After Closing Bell:

• Expected Results: EPS Expected: $0.08, Revenue Expected: $1.48B
• Previous Quarter Highlights:
  • Previous EPS Expected: -$0.03 vs. Previous EPS Actual: $0.06 (Beat)
  • Previous Revenue Expected: $887.68M vs. Previous Revenue Actual: $860.3M (Miss)

General Mills has been on a strong upward trajectory with four consecutive EPS beats. Despite a small decline in EPS expectations this quarter, the company’s consistent performance suggests it could continue to surpass expectations, making it a strong earnings report to watch.

Wednesday 26th March

Chewy (CHWY) – Reporting Premarket:

• Expected Results: EPS Expected: $0.23, Revenue Expected: $3.2B
• Previous Quarter Highlights:
  • Previous EPS Expected: $0.23 vs. Previous EPS Actual: $0.20 (Miss)
  • Previous Revenue Expected: $2.68B vs. Previous Revenue Actual: $2.88B (Beat)

Last quarter, the company beat expectations on revenue, whilst missing EPS expectations. The company’s strong growth in the pet retail market will be a key focus for investors. If Chewy continues to exceed revenue expectations, it could signal sustained demand in this sector.

Dollar Tree (DLTR) – Reporting Premarket:

• Expected Results: EPS Expected: $2.2, Revenue Expected: $8.25B
• Previous Quarter Highlights:
  • Previous EPS Expected: $1.08 vs. Previous EPS Actual: $1.12 (Beat)
  • Previous Revenue Expected: $7.44B vs. Previous Revenue Actual: $7.57B (Beat)

Dollar Tree has consistently beat EPS expectations in the recent past, including a solid beat on both top and bottom lines last quarter. After several quarters of mixed revenue results, the company delivered a positive surprise, which will likely set the tone for this report. Given the current inflationary environment, the company’s cost management and consumer demand will be key focus points.

Petco (WOOF) – Reporting After the Close:

• Expected Results: EPS Expected: -$0.01, Revenue Expected: $1.56B
• Previous Quarter Highlights:
  • Previous EPS Expected: -$0.03 vs. Previous EPS Actual: -$0.02 (Beat)
  • Previous Revenue Expected: $1.50B vs. Previous Revenue Actual: $1.51B (Beat)

Petco has delivered consistent EPS beats in recent quarters, though revenue has been somewhat stagnant with small declines. The company has a positive track record of exceeding earnings expectations, so investors will be looking to see if the company can continue this streak while maintaining steady revenue growth.

Thursday 27th March

Lululemon (LULU)– Reporting After Market Close:

• Expected Results: EPS Expected: $5.87, Revenue Expected: $3.59B
• Previous Quarter Highlights:
  • Previous EPS Expected: $2.72 vs. Previous EPS Actual: $2.87 (Beat)
  • Previous Revenue Expected: $2.36B vs. Previous Revenue Actual: $2.40B (Beat)

Lululemon continues to impress with earnings beats, having exceeded EPS expectations in each of the last three quarters. While revenue has sometimes fallen short in recent quarters, the company has been consistently strong on the bottom line. As a premium athletic wear brand, Lululemon's ability to maintain high earnings despite economic challenges will be key for markets. This report will likely be closely watched for any signs of slowing growth.

Latest Price Action and Key Data Ahead of Earnings