Week Ahead: Earnings Expectations For AMC, RIVN, CRM And More

Sunday, February 26, 2023, 09:00:00 AM

As we look to wrap up earnings season this week, a number of large names are slated to release their results for the fourth quarter.

Here’s how analysts are expecting things to shake out this week based on consensus estimates.

fuboTV (NYSE: FUBO)

fuboTV, the sports streaming service, is expected to report its financial results on Monday, February 27th, before the market opens.

Revenue: $285.59m
Net Income: -$125.77m
Earnings Per Share: -$0.71
EBITDA: -$98.17m
Operating Cash Flow: $80.28m
Free Cash Flow: $80.03m
Number of Subscribers: 1,580k

Zoom Video Communications (NASDAQ: ZM)

Zoom, the online communications provider, will report its financials on Monday, February 27th, after the market closes.

Revenue: $1,099.21m
Net Income: $252.09m
Earnings Per Share: $0.83
EBITDA: $362.77m
Operating Cash Flow: $189.68m
Free Cash Flow: $185.03m
Billings: $963.95m

Target Corporation (NYSE: TGT)

Target, one of the largest American brick & mortar and online provider of consumer products, will be reporting its financial results on Tuesday, February 28th, before the market opens.

Revenue: $30,813.35m
Net Income: $649.06m
Earnings Per Share: $1.40
EBITDA: $1,627.07m
Operating Cash Flow: $3,000.96m
Free Cash Flow: $1,469.00m
Same-Store-Sales: -1.65%

Rivian Automotive, Inc. (NASDAQ: RIVN)

Rivian, the electric vehicle manufacturer, will report its financial results on Tuesday, February 28th, after the market closes.

Revenue: $714.88m
Net Income: -$1,786.39m
Earnings Per Share: -$1.96
EBITDA: -$1,527.55m
Operating Cash Flow: -$1,205.08m
Free Cash Flow: -$2,043.01m

AMC Entertainment (NYSE: AMC, APE)

AMC, the distressed movie theatre company, is expected to report fourth-quarter results on Tuesday, February 28th, after the market closes.

Revenue: $974.55m
Net Income: -$187.09m
Earnings Per Share: -$0.18
EBITDA: $20.12m
Operating Cash Flow: $23.71m
Free Cash Flow: -$32.20m

Nio Inc (NYSE: NIO)

Nio, the China-based manufacturer of electric vehicles, will report its financial results on Wednesday, March 1st, before the market opens.

Revenue: $2,478.95m
Net Income: -$446.63m
Earnings Per Share: -$0.27
EBITDA: -$398.87m

Dollar Tree, Inc. (Nasdaq: DLTR)

Dollar Tree, the discount variety store operator, will report its financial results on Wednesday, March 1st, before the market opens.

Revenue: $7,591.62m
Net Income: $446.98m
Earnings Per Share: $2.02
EBITDA: $816.33m
Operating Cash Flow: $1,149.40m
Same-Store-Sales: 5.33%

Salesforce.com (NYSE: CRM)

Salesforce, the customer relationship management software and platform provider, will report its financial results on Wednesday, March 1st, after the market closes.

Revenue: $7,997.25m
Net Income: $1,371.88m
Earnings Per Share: $1.37
EBITDA: $2,755.19m
Operating Cash Flow: $2,424.80m
Free Cash Flow: $2,303.15m
Billings: 13,734m

Snowflake Inc (NYSE: SNOW)

Snowflake, the cloud data platform provider, will report its financial results on Wednesday, March 1st, after the market closes.

Revenue: $575.26m
Net Income: $17.75m
Earnings Per Share: $0.04
EBITDA: $28.43m
Operating Cash Flow: $131.45m
Free Cash Flow: $118.73m
Billings: 1,059m

Costco Wholesale Corp. (NASDAQ: COST)

Costco, the discount global warehouse club, will report its financial results on Thursday, March 2nd, after the market closes.

Revenue: $55,645.04m
Net Income: $1,432.77m
Earnings Per Share: $3.22
EBITDA: $2,425.03m
Operating Cash Flow: $2,824.48m
Free Cash Flow: $529.50m
Same-Store-Sales: 5%

The week starts off with a focus on electric vehicles, with those set to report including Fisker Inc, Rivian Automotive, and Nio, Inc. One of the most watched releases however will be that of memestock fan favorite AMC Entertainment, who is set to release results after market on Tuesday. Several other notable names are set to release results as well, as can be seen below.

Information for this briefing was found via Edgar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.