BITF, ATAI, WMT, ZIM, DE: Earnings Preview

By Kirsteen Mackay

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This week's earnings updates include Bitfarms Ltd (NASDAQ: BITF), Atai Life Sciences (NASDAQ: ATAI), Walmart (NYSE: WMT), ZIM Integrated Shipping (NYSE: ZIM), and Deere & Co (NYSE: DE).

Here are five of the companies reporting in the coming week that have caught our eye:

Bitfarms Ltd (NASDAQ: BITF)

Bitfarms Ltd (NASDAQ: BITF) is due to report its earnings update on Monday, August 15, 2022, for the quarter ended June 2022. FactSet estimates have an EPS consensus of $0.06 and a sales consensus of $61.56m.

Bitfarms operates blockchain computing centers that power the global decentralized financial economy. The company operates one of North America's most significant cryptocurrency mining operations.

In July, Bitfarms reported production and mining operations activity. It increased its total capacity to 166MW and mined 500 Bitcoins for an average of 16.1BTC per day. Bitfarms ended July mining 17 BTC per day. 

Over the past year, Bitfarms Ltd (BITF) has traded between $1.04 and $9.36. Today it trades at around $1.70.

Year-to-date, the Bitfarms Ltd (BITF) stock is down by -65.54%, while the S&P 500 is down -12.29% over the same period.

In May 2022, analyst Kevin Dede of HC Wainwright rated BITF stock a Buy with a target share price of $5.45.

BITF stock has a price-to-earnings ratio (P/E) of 9.2. Its price-to-book-value (P/BV) is 0.8, which equals the industry average. BITF stock does not offer shareholders a dividend yield.

Atai Life Sciences (NASDAQ: ATAI)

Atai Life Sciences (NASDAQ: ATAI) reports its Q2 earnings on Monday, August 15. For ATAI’s quarter ending June 2022, FactSet analyst EPS consensus is -$0.23, and sales consensus is $0.

In Q1, EPS beat analyst estimates by 5.73%.

Atai Life Sciences is a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders.

ATAI stock has a price-to-book-value (P/BV) of 2.1, which is well above the industry average of 0.4. 

Over the past year, ATAI Life Sciences NV (ATAI) has traded between $2.95 and $17.90.

Year-to-date, the ATAI Life Sciences NV (ATAI) stock is down by -42.17%, while the S&P 500 is down -12.29% over the same time.

FactSet analysts have a consensus Buy rating on ATAI stock with a target share price of $25.18.

Are you interested in ATAI stock? Read our analysis: Is Atai Life Sciences Stock a Good Investment?

Walmart (NYSE: WMT)

On Tuesday, Walmart (NYSE: WMT) reports earnings for its third fiscal quarter ended July 2022. FactSet estimates have an EPS consensus of $1.63, coming between the guidance of $1.62 to $1.64. FactSet analysts also provide a sales consensus of $150.93bn.

In Q2, fiscal 2023, Walmart’s EPS missed analyst estimates by 12.10%.

Over the past year, Walmart Inc (WMT) has traded between $117.27 and $160.77. Today the WMT share price trades at $130.26.

Year-to-date, WMT stock is down by -10.25%, while the S&P 500 has fallen -12.29% over the same period.

FactSet analysts have a consensus Overweight rating on WMT stock with a target share price of $140.87.

WMT stock has a price-to-earnings ratio (P/E) of 27.9. Its price-to-book-value (P/BV) is 4.6, which is above the industry average of 1.1. WMT stock comes with a dividend yield of 1.7%.

ZIM Integrated Shipping (NYSE: ZIM)

ZIM Integrated Shipping (NYSE: ZIM) reports Q2 earnings on August 17, 2022. FactSet estimates have an EPS consensus of $12.81 and a sales consensus of $3.63bn.

ZIM Integrated Shipping Services Ltd (ZIM) is one of the leading carriers in the global container shipping industry. It focuses on obtaining long-term charter agreements for its vessels to reduce its exposure to spot market prices. This moderates volatility and reassures investors.

The share price continues its positive momentum, with the ZIM stock price up by 19.57% over the past month. 

The company delivered an earnings beat in Q1 by 9.10% 

FactSet analysts have a Hold rating on ZIM stock with a target share price of $71.04.

Deere & Company (NYSE: DE)

Deere & Company (NYSE: DE) will report its latest quarterly earnings on August 19, 2022. FactSet consensus shows EPS at $6.65 and Sales at $12.93bn.

John Deere is the brand name of Deere & Company, an American agricultural manufacturer. Deere & company manufactures and distributes a range of agricultural, construction, forestry, and commercial and consumer equipment. The company supplies replacement parts for its own products and those of other manufacturers. Deere also provides product and details financing services. Deere and company extend its services and products worldwide. 

Year-to-date, the Deere & Company (DE) stock is up by 3.37%, while the S&P 500 is down -12.29% over the same period.

FactSet analysts have an Overweight rating on DE stock with a target share price of $388.27.

DE stock has a P/E of 18.9. Its P/BV is 5.9, which is well above the industry average of 1.6. DE stock comes with a dividend yield of 1.2%.

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In this article:

Topics:
Quarterly Earnings
Industries:
Information Technology
Consumer Discretionary
Industrials
Companies:
Bitfarms
Walmart
ZIM Integrated Shipping Services
Deere & Company
ATAI Life Sciences NV

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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