DKS, BABA, MDT, CGC: Earnings Preview

By Kirsteen Mackay

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Company earnings this week include Dick’s Sporting Goods (DKS), Alibaba (BABA), Medtronic (MDT), and Canopy Growth (CGC).

As a brutal earnings season in retail continues, Dick's Sporting Goods (NYSE: DKS), Alibaba Group Holding Ltd (NYSE: BABA), Dollar General Corp. (NYSE: DG) and Ralph Lauren Corp (NYSE: RL) prepare to report. 

Retailers are battling multiple headwinds, including weather, geopolitical uncertainty, rising energy prices and interest rates, labor shortages, inflation, and recession concerns.

Here's an overview of some of this week's most anticipated earnings calls:

Dick's Sporting Goods (NYSE: DKS)

Dick's Sporting Goods (NYSE: DKS) reports its Q1 earnings today. Although FactSet analysts have a relatively optimistic outlook for DKS stock's earnings the recent disappointment in retail earnings is likely to bring an air of caution to the stock.

FactSet consensus estimates have EPS at $2.52 and sales at $2.6bn for the quarter.

Dick's Sporting Goods sells an extensive assortment of sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops.

Over the past year, Dicks Sporting Goods Inc (DKS) 's stock is down by -15.36%, while the S&P 500 is down -5.89% over the same period.

During this time, Dicks Sporting Goods Inc (DKS) has traded between $69.65 and $147.39. Today it trades at $72.25 in the pre-market.

Alibaba Group Holding Ltd (NYSE: BABA)

Tomorrow Alibaba Group Holding Ltd (NYSE: BABA) will report its quarterly and fiscal year earnings to the end of March 2022.

FactSet consensus estimates have EPS at $7.34 and sales at $127bn for the year. The company guided annual sales to come in between $134.8bn and $137.1bn.

The company is expected to report revenue of $29.8bn for the quarter.

Over the past year, Alibaba Group Holding Ltd - ADR (BABA) has traded between $73.28 and $230.89. Today it sits around $82.47.

Year-to-date, the Alibaba Group Holding Ltd - ADR (BABA) stock is down by -31.49%. 

China's Covid-19 lockdowns are not helping the stock as consumer spending dips.

Medtronic (NYSE: MDT)

American medical device company Medtronic (NYSE: MDT) reports its fiscal Q4 results on Thursday, 26 May.

FactSet consensus estimates have EPS at $5.66 and sales at $32bn for the year, and $8.4bn for the quarter. The company guided annual EPS to come in between $5.65 and $5.75.

In Q3 Medtronic's sales of $7.8bn was flat Y/Y with slight growth in the Cardiovascular and Neuroscience segments offset by a small decline in Medical Surgical and Diabetes segment sales.

Over the past year, Medtronic PLC (MDT) has traded between $98.38 and $135.89. Today it trades around $105.

Over the past month, Medtronic PLC (MDT) 's stock is down by -3.55%, while the S&P 500 is down -8.25% over the same period.

Canopy Growth Corp (NASDAQ: CGC)

Investors are discussing Canopy Growth Corp (NASDAQ: CGC) on Wednesday, after the company's stock fell by -8.29% during Tuesday's session to settle at $4.76.

Over the past year, Canopy Growth Corp (CGC) has traded between $4.70 and $26.96. On 23 May 2022, Canopy Growth (WEED-CA) closed at CAD$7.09, down -77.5% off its 52-week high vs. the subsector average change of -24.7%.

CGC is due to report its earnings for the fiscal year ending March 2022 on Friday, 27 May.

FactSet consensus estimates have EPS at $0.42 and sales at $419m for the year and EPS of $8.29, and sales of $101.2m for the quarter.

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In this article:

Topics:
Quarterly Earnings
Annual Earnings
Industries:
Consumer Discretionary
Healthcare
Companies:
Dicks Sporting Goods
Alibaba
Medtronic
Canopy Growth

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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