TLRY, LEVI, GBX, LW, STZ: Earnings Preview

By Duncan Ferris

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This week's previewed earnings include the likes of Tilray (NASDAQ: TLRY), Greenbrier Companies (NYSE: GBX) and Levis Strauss & Co (NYSE: LEVI).

Most stocks are a little worse for wear after a tricky start to 2022, but this week brings a new crop of earnings that might refresh the performance of some stocks in the days ahead.

Here are the companies we have picked out to preview for the week ahead:

Tilray Inc (NASDAQ: TLRY)

This cannabis research, cultivation, processing and distribution outfit’s shares are up by more than 40% over the last month and have climbed by just over 1% across the year to date. This is after speculation about more widespread marijuana decriminalization boosted cannabis stocks over the last couple of weeks.

Even so, Tilray stock is still far below its all-time high of almost $150, achieved back in October 2018, currently sitting at $7.48 at the time of writing.

Investors will be looking out for any further hints of decriminalization in the US, as well as growth from its medical marijuana operations in Europe. 

Tilray’s earnings are scheduled for release before the market opens on Wednesday morning.

Greenbrier Companies Inc (NYSE: GBX)

Transportation manufacturing and freight services specialist Greenbrier has already indicated that it performed strongly over its most recent quarter. In early February, the company said new orders totalling 2,900 units valued at $345m had been received during December and January. 

The company’s chairman and CEO, William A. Furman, commented:

“Railcar orders received during the first two months of the second fiscal quarter demonstrate Greenbrier's strength in our core North American rail business. Almost all orders announced today originated from North America where we have scaled our flexible manufacturing footprint to address the increasing levels of demand that we began preparing for months ago.”

This has helped Greenbrier’s share price remain in the green while so many other stocks have struggled, with the price having increased by more than 10% since the start of 2022.

As such, investors may well be expecting a strong set of earnings from the Oregon-based business. Like Tilray, Greenbrier’s earnings are on course for release on Wednesday morning.

Levi Strauss & Co (NYSE: LEVI)

Denim jeans specialist Levi is expected to report first quarter sales of $1.54bn and earnings of $0.41 per share in its update this week.

The company’s last earnings update, which closed out the business’ 2021 financial year, was strong despite the disruption caused by the pandemic. Amidst this, the company has emphasised that it expects the current year to be even stronger.

Even so, the company’s share price is down by almost 20% across the year to date. A strong showing from its next set of earnings could encourage investors that demand for Levi’s clothing remains strong despite the difficult economic situation and thus lead to a share price rebound.

Look out for Levi’s earnings after the close of trading on Wednesday.

Lamb Weston Holdings (NYSE: LW)

American frozen food outfit Lamb Weston Holdings has seen its share price decline by just over 5% across the year to date and its leadership has acknowledged the difficult circumstances the company is facing.

For example, president and CEO, Tom Werner, in January commented that ongoing macro-operational challenges and higher potato costs resulting from an exceptionally poor harvest in the Pacific Northwest had been causing the business difficulties.

However, he stood by the company’s financial targets for the ongoing year. As such, investors will be looking to see if that confidence is starting to look shakey in Lamb Weston’s upcoming release.

Look out for Lamb Weston’s earnings release on Thursday morning.

Constellation Brands (NYSE: STZ)

Though this company specialises in beer, wine and spirits, investors may be keeping an eye out for energy drinks news in its upcoming earnings release. That’s because  rumours have suggested it is in talks to merge with Monster Beverage Corp (NASDAQ: MNST), with Bloomberg suggesting that more news may emerge on this front in the coming weeks.

It’s also worth noting that Monday saw the company announce plans to declassify its common stock and transition to a single class common stock structure. This would dilute the voting power of the Sands family, who have controlled the company since its founding by Marvin Sands in 1945.

They will reportedly continue to be the largest shareholders but would lose their majority voting power. A spokesperson for the company suggested the move might increase demand for the stock.

Investors will only have to wait until Thursday morning for scouring Constellation Brands’ earnings release for any hints of a merger.

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Topics:
Quarterly Earnings
Companies:
Tilray
Greenbrier Companies
Levi Strauss
Lamb Weston
Constellation BrandsClass A

Author: Duncan Ferris

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.

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

Duncan Ferris 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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