Earnings week 7: Biggest score each day
August 26, 2024
The biggest earnings score each day this week
Let's look at the highest scores for each day of week 7:
Monday: [ticker reserved for PRO members] is -29 (bearish)
- Stores located in low-income areas hit harder by economy
- Brick-and-mortar focus, lack of e-commerce presence
- Higher labor, marketing costs weighing on margins
- Operating under an Interim CEO amid leadership shakeup
- Inconsistent EPS results, misses in 2 of the last 3
Tuesday: [ticker reserved for PRO members] is +71
- Comfortable Q1 earnings beat sparked a short squeeze rally
- ChewyHealth.com visits rose to record highs in Q2
- Brick-and-mortar vet care clinics are off to a strong start
- Revenue per customer, profit margins are increasing
- New stock buyback plan could limit near-term downside
Wednesday: [ticker reserved for PRO members] is -58 (bearish)
- Stock suffered 7 Wall Street downgrades in July
- Disappointing Q1 results and reduced 2024 guidance
- Macro environment is having a negative impact on sales
- Consumers are prioritizing consumables, trading down
- CEO resignation is adding pressure to the stock
Thursday: [ticker reserved for PRO members] is +50
- Big beat and raise quarter last time out
- Brand reinvigoration strategy is showing signs of traction
- Omnichannel customer experience is improving
- Merchandise margin expansion has been strong
Good luck if you decide to play these!
The earnings sheet details the best strategy for playing each one.
If you're not a member of Earnings Season Pass, be sure to check it out. You will get the full sheet with every company reporting, their earnings score, and the best way to play it.