GOLD, CSTL, HMC, WRBY, BRCC: Earnings Preview

By Kirsteen Mackay

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Upcoming earnings include Barrick Gold (NYSE: GOLD), Castle Biosciences (NASDAQ: CSTL), Honda (NYSE: HMC), Warby Parker (NYSE: WRBY) and BRC (NYSE: BRCC).

We have another exciting week of earnings ahead. Berkshire Hathaway, Inc. (NYSE: BRK.B), Palantir Technologies Inc. (NYSE: PLTR), BioNTech SE (NASDAQ: BNTX), Tyson Foods Inc. (NYSE: TSN), and Barrick Gold Corporation (NYSE: GOLD) all report on Monday.

Meanwhile, Norwegian Cruise Line (NYSE: NCLH), Ralph Lauren (NYSE: RL), Wix.com (NASDAQ: WIX), Wendy’s (NASDAQ: WEN), Honda Motor Co Ltd (NYSE: HMC), Canada Goose (TSE: GOOS), Warby Parker (NYSE: WRBY), and Honest Company (NASDAQ: HNST), are among other notable names reporting this week.

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

Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold Corporation (NYSE: GOLD) reports Q2 earnings for the quarter ended June 2022. FactSet estimates have an EPS consensus of $0.29 and a sales consensus of $1.51bn.

Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. Mark Bristow has been CEO since 2019. 

Over the past year, the GOLD stock has traded between $14.80 and $26.07. Today, it’s at $15.60.

Year-to-date, the Barrick Gold Corp stock price is down -15.86%, while the S&P 500 is down -13.58% over the same period.

FactSet analysts have a consensus Overweight rating on the GOLD stock with a target share price of $24.58. 

The GOLD stock has a price-to-earnings ratio (P/E) of 14.9. Its price-to-book-value (P/BV) is 1.2, which is above the industry average of 0.8. GOLD stock comes with a dividend yield of 2.5% versus the industry average of 1.4%.

Gold is often considered an inflation hedge, but gold stocks can suffer if input costs rise too rapidly. Nevertheless, Barrick Gold’s dividend yield offers a nice sweetener, making this an attractive gold stock to investors wishing to diversify their portfolios.

Castle Biosciences Inc (NASDAQ: CSTL)

Castle Biosciences Inc (NASDAQ: CSTL) reports Q2 earnings for the quarter ended June 2022. FactSet estimates have an EPS consensus of -$0.76 and a sales consensus of $28.37m.

The company is transforming disease management by improving health through innovative tests that guide patient care. Its portfolio covers prognostic, diagnostic, and therapy response tests.

Over the past year, Castle Biosciences Inc (CSTL) has traded between $15.58 and $78.58. Today it trades at around $30.56. Year-to-date, Castle Biosciences Inc (CSTL) stock is down by -33.03%, while the S&P 500 is -13.58% over the same period. 

FactSet analysts have a consensus Buy rating on CSTL stock with a target share price of $48.29.

CSTL stock has a price-to-book-value (P/BV) of 2, which is above the industry average of 0.7. CSTL stock does not offer shareholders a dividend yield

Last month, CSTL was named an Arizona Top Workplace of 2022 by AZCentral, the digital home of The Arizona Republic newspaper.

Derek Maetzold, President and CEO of Castle Biosciences, said:

Every success and milestone we have achieved is due to the hard work and collaborative efforts of our Castle team members, 

As such, we are honored to be recognized as a Top Workplace in Arizona based on feedback from our employees. Thank you, Castle team, for bringing your best every day and for helping us further our mission of improving health for the patients we serve.

Honda Motor Co Ltd (NYSE: HMC)

Honda Motor Co Ltd (NYSE: HMC) reports fiscal 2023 Q1 earnings for the quarter ended June 2022 on August 10. FactSet estimates have an EPS consensus of $0.84 and a sales consensus of $27.46bn.

The company manufactures automobiles, motorcycles, and power products. It is now moving into electric vehicles. The company was founded by Soichiro Honda on 24 September 1948 and is headquartered in Tokyo, Japan.

Over the past year, Honda Motor Co Ltd (HMC) has traded between $23.21 and $33.42. Today the HMC share price is at $25.02. Year-to-date, the Honda Motor Co Ltd (HMC) stock is down by -13.19%, while the S&P 500 is -13.58% over the same period.

FactSet analysts have a consensus Overweight rating on HMC stock with a target share price of $29.48.

HMC stock has a price-to-earnings ratio (P/E) of 6.8. Its price-to-book-value (P/BV) is 0.5, which equals the industry average. HMC stock comes with a dividend yield of 3.3%.

Warby Parker (NYSE: WRBY)

Warby Parker (NYSE: WRBY) reports Q2 earnings for the quarter ended on August 11, 2022, Thursday, July 21, 2022. FactSet estimates have an EPS consensus of -$0.02 and a sales consensus of $149.5m. 

The company is an eyewear retailer with both physical and online locations. It aims to offer a competitively priced range of eyewear products. 

Over the past year, Warby Parker Inc (WRBY) has traded between $10.86 and $60.30. Today the WRBY share price sits at $12.43. Year-to-date, the Warby Parker Inc (WRBY) stock is down by -72.77%, while the S&P 500 is down -13.58% over the same timeframe.

FactSet analysts have an Overweight rating on WRBY stock with a target share price of $19.90.

WRBY stock has a forward price-to-earnings ratio (P/E) of 213.9, far above the industry average of 14.3. Its price-to-book-value (P/BV) is 5, which is also well above the industry average of 0.8. WRBY stock does not come with a dividend yield.

BRC Inc (NYSE: BRCC) – Black Rifle Coffee Company

BRC Inc (NYSE: BRCC) (Black Rifle Coffee Company) reports its second-quarter earnings on August 11, 2022. FactSet estimates have an EPS consensus of -$0.04 and a sales consensus of $70.94m.

The company manufactures and sells coffee and other food and beverage products. The company was founded by Evan Hafer and Mat Best in 2014 and is headquartered in Salt Lake City, Utah.

Over the past year, BRCC stock has traded between $6.62 and $34. Today it’s trading at $8.80. On August 5, BRCC stock closed at $8.80, down -73.4% from its 52-week high vs. the subsector average change of -22.7%.

Year-to-date, the BRC Inc (The Black Rifle Coffee Company) stock price is down by -13.47%, while the S&P 500 is down -13.58% over the same period.

FactSet analysts have a consensus Overweight rating on BRCC stock with a target share price of $15.67. 

BRCC stock has a price-to-sales ratio of 2.8, above the industry average of 0.9. BRCC stock does not offer shareholders a dividend yield.

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In this article:

Topics:
Quarterly Earnings
Industries:
Consumer Discretionary
Materials
Healthcare
Companies:
Barrick Gold
Castle Biosciences
Honda Motor
Warby Parker
Black Rifle Coffee Company

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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