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Week Ahead: Earnings Expectations For WMT, COIN, TDOC, NVDA And More

Monday, February 20, 2023, 02:34:00 PM

As we reach the end of a tumultuous earnings season with roughly 81% of the S&P companies reporting earnings already, we come into the short week of February 20 with a number of highly anticipated earnings.

Walmart Inc. (NYSE: WMT)

Walmart, the online and brick and mortar provider of consumer goods is reporting their fourth quarter financial results on Tuesday, February 21st before the market opens.

International Class Revenue: $27,504m
Other Revenue: $1,433m
Sam’s Club Revenue: $21,057m
United States Revenue: $110,106m

Total Revenue: $159,676.17m
Net Income: $4,097.25m
Earnings Per Share: $1.52
EBITDA: $8,956.29m
Operating Cash Flow: $14,393.18m
Free Cash Flow: $7,890.00m
Same Store Sales: 4.6%

Coinbase Global, Inc. (NASDAQ: COIN)

Coinbase, the crypto brokerage is reporting their fourth quarter financial results on Tuesday, February 21st after the market closes.

NVIDIA (NASDAQ: NVDA)

Nvidia, the consumer chip manufacturer is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

Revenue: $6,001.54m
Net Income: $2,010.14m
Earnings Per Share: $0.80
EBITDA: $2,564.04m
Operating Cash Flow: $3,745.30m
Free Cash Flow: $2,819.78m

Unity Software (NYSE: U)

Unity Software, the video game software development company is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

Revenue: $437.24m
Net Income: $7.84m
Earnings Per Share: $0.02
EBITDA: $27.63m
Operating Cash Flow: $30.71m
Free Cash Flow: $16.21m

Teladoc Health (NYSE: TDOC)

Teladoc, the virtual healthcare service provider is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

Revenue: $635.87m
Net Income: -$35.67m
Earnings Per Share: -$0.22
EBITDA: $92.15m
Operating Cash Flow: -$3.56m
Free Cash Flow: -$13.74m

Nikola Corp (NASDAQ: NKLA)

Nikola, the hydrogen-electric vehicle manufacturer is reporting their fourth quarter financial results on Thursday, February 23rd before the market opens.

Block Inc (NYSE: SQ)

Block, the financial technology company that owns Cash App and Square, is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

Revenue: $4,539.15m
Gross Payment Volume: $54,946m
Net Income: $189.11m
Earnings Per Share: $0.31
EBITDA: $227.68m
Operating Cash Flow: $137.82m
Free Cash Flow: $176.48m

Carvana (NYSE: CVNA)

Carvana, the e-commerce car buying platform is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

Revenue: $3,062.41m
Net Income: -$373.34m
Earnings Per Share: -$2.52
EBITDA: -$209.06m
Operating Cash Flow: -$71.44m
Free Cash Flow: $46.12m

Beyond Meat (NASDAQ: BYND)

Beyond Meat, the fake meat manufacturer is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

Revenue: $76.27
Net Income: -$75.37
Earnings Per Share: -$1.18
EBITDA: -$60.21
Operating Cash Flow: -$47.16
Free Cash Flow: -$72.00

Investors will be waiting to hear commentary from consumer staple companies such as Walmart (NYSE: WMT), The Home Depot (NYSE: HD), as well as Molson Coors (NYSE: TAP) and Caesars Entertainment (NASDAQ: CZR) to get a better pulse on the economy. Recent economic data coming out of the United States and Canada suggests that the consumer is much stronger than anticipated after one of the fastest and most aggressive rate hiking cycles implemented by central banks, and investors will want to verify that data with earnings data.

Investors will also be interested in hearing from smaller names such as Etsy, Fiverr, Wish, and Wayfair to provide better insight into how the small business is doing. Investors will also be watching Nvidia’s results as the chips sector has been one of the largest battlegrounds for longs and shorts arguing about the oversupply of chips. This comes after 2020, through 2021, wherein there were reports that the world as a whole did not have enough computer chips to match demand.

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.