Quarterly company results for the week of March 20 - March 24: Nike, GameStop, General Mills

Charles Sainsbury · March 19, 2023 · 2 min read

Next week is a mix of Chinese and US companies reporting their quarterly numbers. So as always, let's take a look at what analysts are expecting from the most interesting companies.

Earnings season from 20.3. - 24.3.

I'm taking Nike $NKE, GameStop $GME, General Mills $GIS, Chewy $CHWY, Foot Locker $FL and Pinduoduo $PDD as the most interesting companies of the week.

What do analysts expect from these companies?

Nike $NKE

According to Zacks Investment Research, based on 15 analysts' forecasts, the consensus EPS forecast for the quarter is $0.5. Reported earnings per share for the same quarter last year were $0.87. Revenue is estimated at $11.5 billion.

GameStop $GME

According to Zacks Investment Research, based on 3 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.16. This would imply a year-over-year growth of 65.96%. The latest consensus estimate projects $2.17 billion in quarterly revenue, down 3.82% from the previous year.

General Mills $GIS

$GIS is expected to report quarterly earnings at $0.90 per share in its upcoming report, representing a year-over-year change of +7.1%. Revenue is expected to be $4.9 billion, up 8% from the previous quarter.

Chewy $CHWY

Chewy is expected to report a quarterly loss of $0.12 per share in its upcoming report, representing a year-over-year change of -9.1%. Revenue is expected to be $2.64 billion, up 10.7% from the previous quarter.

Foot Locker $FL

The Zacks Consensus Estimate for quarterly earnings currently stands at 52 cents per share, indicating a decline of approximately 69% from the previous quarterly estimate of $1.93. Fourth-quarter revenue is expected to fall 8.6% to $2.139 billion and adjusted earnings are expected to fall 72% to 47 cents per share.

Pinduoduo $PDD

At Pinduoduo, that was the only elaboration of the estimates I could find; none of the other analysts covered them.

Whose results are you interested in? Let me know in the comments!

If you want to share this graphic, you can download it HERE.

Stocks mentioned

GME

CHWY

PDD

NKE

GIS

The World’s Cheapest Markets? 4 ETFs for Asia

While investors today pay roughly 19 times expected earnings for U.S. stocks, there are exchanges in Asia where the same earnings cost less than half as much. But a low multiple alone does not mean a good deal. Some discounts reflect the peak of the semiconductor cycle, while others stem from the…

A Slightly Spoiled Soup. Why Did the Famous Company Have to Cut Its Dividend After a 67% Plunge?

Campbell's stock is near its lows after a year of declines, and screeners show a 6.8% yield. But in September, management cut the dividend for the first time since 2001, even though it had the cash to pay it. What will be left of that figure for someone buying today?