APLD, PEP, PGR, DPZ, CMC: Earnings Preview

By Kirsteen Mackay

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This week’s company earnings include Applied Blockchain (APLD), Progressive Corp (PGR), Domino's Pizza (DPZ), Commercial Metals Company (CMC), and PepsiCo (PEP).

PEP stock earnings preview

Read on for some of the key earnings reports to look out for in the week ahead:

Applied Blockchain (NASDAQ: APLD)

Applied Blockchain (NASDAQ: APLD) reports quarterly earnings on October 11 after the market close, discussing its operations and financial results from the fiscal first quarter that ended August 31, 2022. FactSet analyst estimates provide an EPS consensus of $0.18 and a sales consensus of $98.6m.

Applied Blockchain, Inc. is a publicly traded builder and operator of next-generation data centers across North America which provide substantial computing power to blockchain infrastructure and support High-Performance Computing (HPC) applications and Bitcoin mining. The company has partnered with recognized names in the industry to develop, deploy, and scale its business.

Over the past year, APLD stock has traded between $0.85 and $34.20. Today it trades at around $1.55. Year-to-date, the Applied Blockchain stock price is down -93.64%, while the S&P 500 is down -24.12% over the same period. APLD went public via IPO in January.

The Applied Blockchain share price is up 82.35% from its 52-week low and down -95.47% from its 52-week high.

FactSet analysts have a consensus Buy rating on APLD stock with a target share price of $8.

APLD stock has a price-to-book-value (P/BV) of 1.65. It does not come with a dividend yield.

A stock with a beta higher than 1.0 is expected to be more volatile than the S&P 500. APLD stock has a 52-week beta of 5.06. Cryptocurrency-related investments are notoriously volatile, and the beta reflects that.

Applied Blockchain's market cap is $137.5m, and EPS is negative as the company is losing money. However, the company does not appear to be heavily indebted.

Construction has started on Applied Blockchain Inc.'s new data center about 1 mile west of Ellendale in North Dakota. This 180MW facility is expected to be operational in the first half of 2023. This is it's second in the region, as it already has a 100MW facility in Jamestown.

Applied Blockchain entered into a five-year Energy Service Agreement with a utility partner in Dickey County that services Ellendale. The facility will be built just north of the substation.

The company is providing hosting capacity to Marathon Digital (NASDAQ: MARA). It also plans to change the company name to Applied Digital Holdings.

From its earnings update, investors will look for progress updates and earnings outlooks for the rest of the year and into next year.

PepsiCo, Inc. (NASDAQ: PEP)

PepsiCo, Inc. (NASDAQ: PEP) reports earnings for the quarter that ended September 2022 on October 12. FactSet estimates have an EPS consensus of $1.84 and a sales consensus of $20.78bn. 

PepsiCo (PEP) operates foods and beverages businesses. Its famous brands include Lay's, Doritos, Cheetos, Pepsi, Gatorade, Mountain Dew, and much more.

FactSet analysts have an Overweight consensus rating on PEP stock with a target share price of $182.18. UBS has adjusted its PepsiCo share price target to $189 from $192 but maintains a Buy rating. 

PEP stock has a price-to-earnings ratio (P/E) of 24.5. Its price-to-book-value (P/BV) is 12.1, well above the industry average of 1.7. PEP stock comes with a dividend yield of 2.8%.

A stock with a beta higher than 1.0 is expected to be more volatile than the S&P 500. PEP stock has a 52-week beta of 0.63, which accurately reflects its defensive nature.

In Q2, PepsiCo reported net revenue growth of 5.2% with strength and resilience in play. The company raised its full-year guidance to organic revenue growth of 10%.

Progressive Corp (NYSE: PGR)

Progressive Corp (NYSE: PGR) reports its latest quarterly earnings on October 13. FactSet analyst estimates provide an EPS consensus of $1.40 and a sales consensus of $13.28bn.

According to Bloomberg, The Progressive Corporation operates as an insurance holding company. The company, through its subsidiaries, provides personal and commercial automobile insurance and other specialty property-casualty insurance and related services. Progressive serves customers in the United States.

Over the past year, PGR stock has traded between $89.35 and $129.76. Today it trades at around $121.96. Year-to-date, the Progressive Corp stock price is up 19.6%, while the S&P 500 is down -24.12% over the same period. 

The Progressive Corp share price is up 38.51% from its 52-week low and down -6.01% from its 52-week high.

FactSet analysts have a consensus Hold rating on PGR stock with a target share price of $122.81.

In Q2, Progressive reported a net loss of -$542.9m, compared to $790.1m in Q2 2021, and earnings fell 170% Y/Y. In July, Progressive reported a net income of $688.8m, and in August, Progressive reported a net income of $119.7m.

Domino's Pizza Inc (NYSE: DPZ)

Domino's Pizza Inc (NYSE: DPZ) reports quarterly earnings on October 13. FactSet analyst estimates provide an EPS consensus of $2.98 and a sales consensus of $1.06bn.

Domino's is the largest pizza company in the world, with more than 19,200 locations in over 90 markets worldwide as of June 19, 2022, and operates two distinct service models within its stores with a significant business in both delivery and carryout. 

According to Bloomberg, Domino's Pizza, Inc. operates a network of company-owned and franchised Domino's Pizza stores located throughout the United States and in other countries. The company also operates regional dough manufacturing and distribution centers in the contiguous United States and outside the United States. 

Over the past year, DPZ stock has traded between $300.63 and $567.57. Today it trades at around $314.52. Year-to-date, the Domino's Pizza Inc stock price is down by -44.27%, while the S&P 500 is down -24.12% over the same period. 

The Domino's Pizza Inc share price is up 4.62% from its 52-week low and down -44.58% from its 52-week high.

FactSet analysts have a consensus Overweight rating on DPZ stock with a target share price of $404.54.

DPZ stock has a price-to-earnings ratio (P/E) of 24.48. Domino's stock comes with a dividend yield of 1.40%. 

Domino's Pizza Inc's market cap is $11.3bn. The company reported annual sales of $4.35bn and a net income of $510m in 2021. 

In Q2, Domino's global retail sales rose 1.5% Y/Y. US retail sales declined, while international retail sales increased. Quarterly revenues increased by 3.2%, and EPS fell -7.8%.

Commercial Metals Company (NYSE: CMC)

Commercial Metals Company (NYSE: CMC) reports quarterly earnings on October 13. FactSet analyst estimates provide a full-year EPS consensus of $8.71 and an annual sales consensus of $8.88bn.

According to Bloomberg, Commercial Metals Company, and its subsidiaries, manufactures, recycles, and markets steel and metal products and related materials. The company trades primary and secondary metals, steel, ores, concentrates, industrial minerals, ferroalloys, chemicals, and other materials used in various industries.

Over the past year, CMC stock has traded between $30.59 and $46.68. Today it trades at around $38.49. Year-to-date, the Commercial Metals Company stock price is up 6%.

The Commercial Metals Company share price is up 25.83% from its 52-week low and down -17.54% from its 52-week high. 

FactSet analysts have a consensus Overweight rating on CMC stock with a target share price of $42.62.

CMC stock has a price-to-earnings ratio (P/E) of 4.37. Its price-to-book-value (P/BV) is 1.49. CMC stock comes with a dividend yield of 1.45%. 

In Q3, CMC reported net earnings of $312.4m, up 140% Y/Y. The Commercial Metals Company's market cap is $4.64bn. The company reported annual sales of $6.7bn last year and an annual net income of $413m.

If you enjoyed our earnings preview, why not read our IPO coverage?

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In this article:

Topics:
Quarterly Earnings
Industries:
Consumer Discretionary
Information Technology
Industrials
Companies:
Progressive
Domino's Pizza
Commercial Metals Company
PepsiCo
Applied Blockchain Inc

Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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