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Highlights
- Dick's Sporting Goods Inc (NYSE:DKS) will announce its Q4 results on March 8 before the market opens. Its stock fell 4.23% YTD. It
- CrowdStrike Holdings, Inc. (NASDAQ:CRWD) will announce its fourth-quarter and fiscal 2022 results in the extended hours on March 9. The stock declined about 9.7% YTD.
- Rivian Automotive, Inc. (NASDAQ:RIVN) will declare its fourth-quarter and full-year fiscal 2021 results on March 10. The RIVN stock plunged around 54% YTD.
Several large technology and retail companies are set to declare their latest quarterly and fiscal year results this week. It will be worth exploring how these stocks have performed amid the constant inflationary pressures and other macroeconomic issues.
Dick's Sporting Goods Inc (NYSE:DKS)
Sporting goods retailer Dick's Sporting Goods Inc will announce its Q4 results on March 8 before the opening bell.
Analysts expect Dick's to report a good quarter due to its strong supply chain in the holiday quarter. In Q3, 2021 ended October 30, 2021, its net sales rose 13.9% YoY to US$2.75 billion.
On Monday, the stock traded at US$101.435, down 7.54% from its previous close at 1:04 pm ET. The stock fell 4.23% YTD at the closing price on March 4, 2022.
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CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
CrowdStrike will announce its fourth-quarter and fiscal 2022 results in the extended hours on March 9.
In the third quarter, the cybersecurity vendor reported an increase of 63% in revenue to US$380.1 million. The company expected revenue to be between US$406.5 and US$412.3 million in Q4. Analysts gave a bullish outlook on the stock.
The CRWD stock was down 3.26% to US$173.19 at 1:05 pm ET on Monday. The stock declined 9.73% YTD at the closing price of US$179.03.
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Oracle Corporation (NYSE:ORCL)
Oracle will declare its third-quarter fiscal 2022 results on March 10. The stock was trading at US$74.44, down 2.68% at 12:40 pm ET on Monday.
ORCL stock plunged around 13% YTD at the closing price of US$76.49 on March 4.
In the second quarter ended November 20, 2021, its total revenue increased by 20% YoY to US$10.4 billion, beating expectations. Its loss per share diluted was US$0.46 in the period.
The stock has been declining since Oracle announced to buy the healthcare IT company Cerner in December 2021. Analysts also gave a bullish outlook for the stock.
Also Read: BAC, BX, MS among top financial stocks to explore in March
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Image Description – (Top five stocks to watch this week)
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Rivian Automotive, Inc. (NASDAQ:RIVN)
Rivian will declare its fourth-quarter and full-year 2021 results in the extended hours on March 10. The RIVN stock declined 4.73% to US$45.15 at 1:04 pm ET on Monday.
It fell almost 54% YTD at the closing price of US$47.39 on March 4, 2022.
The automaker booked a net loss of US$1.23 billion or US$12.21 per share diluted in the third quarter ended September 30, 2021. It was listed on NASDAQ in November 2021.
The company plans to increase the prices of its R1T and R1S models effective from March 1. Analysts expect Rivian to report a lower loss per share in the quarter with higher revenue.
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JD.com, Inc. (NASDAQ:JD)
China-based JD.com will declare its Q4 and full-year 2021 quarterly earnings on March 10. The e-commerce company’s stock traded 3.13% down at US$61.60 at 1:06 pm ET on Monday.
The stock plunged around 7% YTD at the closing price of US$63.59 on March 4.
In the third quarter of fiscal 2021, it reported an increase of 25.5% in revenue to US$33.9 billion and a net loss of diluted per share of US$0.28. Analysts see a bullish trend for the stock.
Bottomline
The current reporting season for most S&P 500 companies is almost drawing to a close. Stocks markets are currently volatile. Hence, investors should analyze the companies and the broader market before investing in stocks.
