FTHW, NA, SNOW, RSI, PATH: Earnings Preview

By Kirsteen Mackay

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This week’s company earnings include Field Trip Health & Wellness (FTHW), National Bank of Canada (NA) Snowflake (SNOW), Rogers Sugar (RSI), and UiPath (PATH).

FTHW, NA, SNOW, RSI, PATH: Earnings Preview

This is another big week for company earnings that include: Citi Trends (CTRN), Engine Gaming & Media (GAME.VN), Intuit (INTU), QYOU Media (QYOU), Workday (WDAY), Wildpack Beverage (CANS), CrowdStrike Holdings (CRWD), Hewlett Packard Enterprise (HPE), NetApp (NTAP), Numinus Wellness (NUMI), Splunk (SPLK), Amtech Systems (ASYS), Salesforce (CRM), Okta (OKTA), Synopsys (SNPS), Victoria's Secret (VSCO), Patterson Cos (PDCO), Dollar General (DG), Kroger (KR), and Designer Brands (DBI).

Here are five stocks with upcoming earnings to keep on your radar:

Field Trip Health & Wellness (TSXV: FTHW.VN)

Field Trip Health & Wellness (TSXV: FTHW.VN) (OTC: FTHWF) is scheduled to report its Q2 earnings after the market closes on November 28.

The FTHW share price is down 64% since the psychedelic awareness company went public in August.

Field Trip recently strengthened its leadership team by hiring two senior executives. Stacey Hoisak has been appointed as Senior VP, General Counsel, while Dr. Monique Moller has been appointed VP of Integrative Health.

Earlier in the month, the psychedelic therapy company launched a "first-of-its-kind one-year hybrid ketamine therapy program" that blends psychedelic-assisted therapies with holistic wellness support such as meditations, nutrition classes, integration therapy, breathwork, somatic movement therapy, community talks, and membership events.

Field Trip features in our Best Shroom Stocks to Invest In article.

National Bank of Canada (TSX: NA.TO) 

National Bank of Canada (TSX: NA.TO) reports Q4 2022 earnings on November 30, 2022. FactSet analyst estimates provide a full-year EPS consensus of $9.77 and a sales consensus of $10.013bn.

Over the past year, NA.TO stock has traded between CA$82.16 and CA$104.83. Today it trades at around CA$99.13. Year-to-date, the National Bank of Canada stock price is up 2.79%, while the S&P 500 is down -16.06% over the same period. 

FactSet analysts have a consensus Overweight rating on NA.TO stock with a target share price of $CA$102.23.

NA.TO stock has a P/E (what is a P/E ratio?) of 10.1. Its P/BV is 1.8. NA.TO stock comes with a dividend yield (what is a dividend?) of 3.7%.

The National Bank of Canada offers commercial banking and financial services. With $387bn in assets as of July 31, 2022, the National Bank of Canada and its subsidiaries form one of Canada's leading integrated financial groups. It has more than 28,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA).

Snowflake (NYSE: SNOW)

Snowflake (NYSE: SNOW) will report its latest quarterly earnings on November 30, 2022, after the market closes. FactSet analyst estimates provide an EPS consensus of $0.04 and a sales consensus of $539m.

At Snowflake's recent Snowday 2022 event, the company announced that its Snowflake Partner Network continues to fuel the growth of the Data Cloud ecosystem. 

Together, Deloitte and Snowflake support customers end-to-end through their data mobilization journeys. Frank Farrall, Principal – Data and AI Alliances Leader, Deloitte Consulting LLP, said:

Our alliance with Snowflake allows us to be part of the process of helping to redefine the market for data technology, empowering our joint clients to achieve their digital innovation goals and unlock business value at scale.

Over the past year, SNOW stock has traded between $110.26 and $378.10. Today it trades at around $144.72. Year-to-date, the Snowflake stock price is down -57.28%.

Meanwhile, app development in the cloud is growing as a Powered by Snowflake program grew by over 6x Y/Y as of July 2022. 

FactSet analysts have a consensus Overweight rating on SNOW stock with a target share price of $209.97. 

SNOW stock has a forward P/E of 392.4 and a P/BV of 8.5. There is no SNOW dividend. 

Snowflake customers use its Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries use Snowflake Data Cloud to power their businesses, including 510 of the 2022 Forbes Global 2000 (G2K) as of July 31, 2022.

Rogers Sugar (RSI)

Rogers Sugar (TSX: RSI.TO) will hold a conference call to discuss its 2022 Q4 results on Thursday, December 1, 2022. FactSet analyst estimates provide a full-year EPS consensus of $0.39 and a sales consensus of $996.33m. 

Rogers Sugar produces many sugars, including granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups, maple syrup and derived maple syrup products. The Canadian company is a defensive dividend stock. In August, RSI declared a quarterly dividend of $0.09 per share. 

Over the past year, RSI stock has traded between $5.66 and $6.59. Today it trades at around CA$6.09. Year-to-date, the Rogers Sugar stock price is up 2%.

FactSet analysts have a consensus Hold rating on RSI stock with a target share price of CA$6.25, which appears to be fairly valued today.

RSI stock has a P/E of 14.5 and a P/BV of 3.54. RSI stock comes with a dividend yield of 5.91%.

UiPath (NYSE: PATH)

Automation specialist UiPath (NYSE: PATH) is slated to release Q3 results on December 1. FactSet analysts expect EPS of -$0.05 and sales of $249m. Analysts have a consensus Overweight rating on the stock with a target share price of $17.45, above the current PATH share price of $12.42.

UiPath's Q2 revenue was $242.2m, up 24% Y/Y. At the time, Ashim Gupta, UiPath's Chief Financial Officer, said:

We delivered a solid second quarter fiscal 2023 despite increasing FX headwinds and macro uncertainty. While our global footprint is an asset to the business, it exposes us to foreign exchange and macroeconomic volatility which is reflected both in our fiscal second quarter results and our fiscal third quarter and full year 2023 financial outlook,

Our go forward priority will be to balance investing for long-term growth while managing the business to consistently expand non-GAAP operating margin and deliver sustainable positive non-GAAP adjusted free cash flow in fiscal year 2024 and beyond.

According to Bloomberg, UiPath, Inc. provides software solutions. The company designs and develops robotic process automation software to build, manage, run, engage, measure, and govern automation across organizational departments. UiPath serves customers worldwide.

Over the past year, PATH stock has traded between $10.40 and $51.15. Today it trades at around $12.42. Year-to-date, the UiPath stock price is down -71.69%.

UiPath features in our ARK Invest article: State of the ARKK: Should You Invest in ARK Innovation ETF?

If you enjoyed our earnings preview, why not read our IPO coverage or Is Amazon a good investment for 2022?

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Topics:
Trending Stocks
Psychedelics
AgTech
Banks
Automation
Industries:
Financials
Healthcare
Information Technology
Companies:
Field Trip Health
Field Trip Health & Wellness
Snowflake
National Bank of Canada
Rogers Sugar Inc
UiPath

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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