Notable events for the week of June 3rd to june 7th

Monday, June 3:

Earnings watch – Notable companies due to report include GitLab Inc. (GTLB).

  • GitLab Inc. (GTLB):

GitLab Inc. (GTLB) is set to report its 1st quarterly earnings for FY2025 on June 3rd after market.

Estimated EPS -$0.04 and estimated revenue is $165.89M.

For Q1 of FY25 company expects a revenue of $165M-$166M and Non-GAAP diluted EPS of -$0.05 to -$0.04. For FY25 company expects a revenue of $725M-$731M, and Non-GAAP EPS of $0.19-$0.23.

The expected option implied volatility is 18.24%.

9:45 am: S&P flash U.S. manufacturing PMI for May, Forecast 50.7, previous 50.9.

10:00 am: ISM manufacturing for May, Forecast 49.6%, previous 49.2%.

Tuesday, June 4:

Earnings watch – Notable companies due to report include Bath & Body Works, Inc. (BBWI), CrowdStrike Holdings, Inc. (CRWD), Hewlett Packard Enterprise Company (HPE), and PVH Corp. (PVH).

  • Bath & Body Works, Inc. (BBWI):

Bath & Body Works, Inc. (BBWI) is set to report its 1st quarterly earnings for FY2024 on June 4th pre-market.

Estimated EPS $0.33 and estimated revenue is $1.37B.

The company expects first quarter 2024 net sales to decline 4.5% to 2.0%. First quarter earnings per diluted share is expected to be between $0.28 and $0.33.

For fiscal 2024, the company is forecasting net sales to range between a decline of 3.0%. Full-year 2024 earnings per diluted share is expected to be between $3.00 and $3.35.

The expected option implied volatility is 8.47%.

  • CrowdStrike Holdings, Inc. (CRWD):

CrowdStrike Holdings, Inc. (CRWD) is set to report its 1st quarterly earnings for FY2025 on June 4th after-market.

Estimated EPS $0.9 and estimated revenue is $904.66M.

The company expects first quarter 2025 net sales between $902.2M-$905.8M. First quarter earnings per diluted share is expected to be between $0.89 and $0.9.

For fiscal 2025, the company is forecasting net sales to range between $3.924B-$3.989B. Full-year 2025 earnings per diluted share is expected to be between $3.77 and $3.97.

The expected option implied volatility is 11.03%.

  • Hewlett Packard Enterprise Company (HPE):

Hewlett Packard Enterprise Company (HPE) is set to report its 2nd quarterly earnings for FY2024 on June 4th after-market.

Estimated EPS $0.39 and estimated revenue is $6.82B.

HPE estimates revenue to be in the range of $6.6 billion to $7.0 billion and non-GAAP diluted net EPS to be in the range of $0.36 to $0.41.

HPE estimates fiscal 2024 revenue growth to be flat to 2% and non-GAAP diluted net EPS to be in the range of $1.82 and $1.92.

The expected option implied volatility is 12.44%.

  • PVH Corp. (PVH):

PVH Corp. (PVH) is set to report its 1st quarterly earnings for FY2024 on June 4th after-market.

Estimated EPS $2.16 and estimated revenue is $1.93B.

For the FY2024 projected revenue to decrease 6% to 7% and projected EPS to be $10.75 to $11.00.

The expected option implied volatility is 13.15%.

10:00 am: Job openings for April, Forecast 8.3 million, previous 8.5 million

Wednesday, June 5:

Earnings watch – Notable companies due to report include Dollar Tree, Inc. (DLTR), Campbell Soup Company (CPB), Lululemon Athletica, Inc. (LULU), and ChargePoint Holdings, Inc. (CHPT), Five Below, Inc. (FIVE) and Smartsheet Inc (SMAR).

  •  Dollar Tree, Inc. (DLTR):

Dollar Tree, Inc. (DLTR) is set to report its 1st quarterly earnings for FY2024 on June 5th pre-market.

Estimated EPS $1.42 and estimated revenue is $7.63B.

Company introduced an initial fiscal 2024 EPS outlook of $6.70 to $7.30 and consolidated net sales for full-year fiscal 2024 are expected to range from $31.0 billion to $32.0 billion.

The Company expects Non-GAAP Diluted EPS for the quarter to be in the range of $1.33 to $1.48 and consolidated net sales for the first quarter will range from $7.6 billion to $7.9 billion.

The expected option implied volatility is 10.17%.

  • Campbell Soup Company (CPB):

Campbell Soup Company (CPB) is set to report its 3rd quarterly earnings for FY2024 on June 5th pre-market.

Estimated EPS $0.7 and estimated revenue is $2.35B.

Expected net sales for the FY2024 range between -0.5%-0.5% related to the prior FY sales. Adjusted EPS is expected to be between $3.09-$3.15.

The expected option implied volatility is 4.9%.

  • Lululemon Athletica, Inc. (LULU):

Lululemon Athletica, Inc. (LULU) is set to report its 1st quarterly earnings for FY2024 on June 5th after-market.

Estimated EPS $2.38 and estimated revenue is $2.2B.

For the first quarter of 2024, the Company expects net revenue to be in the range of $2.175 billion to $2.200 billion. Diluted earnings per share are expected to be in the range of $2.35 to $2.40 for the quarter.

For 2024, the Company expects net revenue to be in the range of $10.700 billion to $10.800 billion. Diluted earnings per share are expected to be in the range of $14.00 to $14.20 for the year.

The expected option implied volatility is 10.13%.

  • ChargePoint Holdings, Inc. (CHPT): 

ChargePoint Holdings, Inc. (CHPT) is set to report its 1st quarterly earnings for FY2025 on June 5th after-market.

Estimated EPS -$0.13 and estimated revenue is $105.79B.

For the first quarter of fiscal year 2025 ChargePoint expects revenue of $100 million to $110 million.

The expected option implied volatility is 19.64%.

  • Five Below, Inc. (FIVE): 

Five Below, Inc. (FIVE) is set to report its 1st quarterly earnings for FY2024 on June 5th after-market.

Estimated EPS $0.63 and estimated revenue is $834.7M.

For the first quarter of fiscal year 2024 net sales are expected to be in the range of $826 million to $846 million. Diluted income per common share is expected to be in the range of $0.58 to $0.69

Net sales for the FY 2024 are expected to be in the range of $3.97 billion to $4.07 billion. Diluted income per common share is expected to be in the range of $5.71 to $6.22.

The expected option implied volatility is 11.44%.

  • Smartsheet Inc (SMAR): 

Smartsheet Inc (SMAR) is set to report its 1st quarterly earnings for FY2025 on June 5th after-market.

Estimated EPS $0.26 and estimated revenue is $258.28M.

For the first quarter of fiscal year 2025, the Company currently expects total revenue of $257 million to $259 million and Non-GAAP net income per share of $0.26 to $0.27.

For the full fiscal year 2025, the Company currently expects total revenue of $1.113 billion to $1.118 billion and Non-GAAP net income per share of $1.06 to $1.13.

The expected option implied volatility is 12.1%.

8:15 am: ADP employment for May, Forecast 179,000, previous 192,000

10:00 am: ISM services for May, Forecast 50.7%, previous 49.4%

8:30 am: U.S. productivity (final revision) for Q1 forecast 0.1%

previous 0.3%

Thursday, June 6:

Earnings watch – Notable companies due to report include NIO Inc. (NIO), DocuSign, Inc. (DOCU), and Samsara Inc. (IOT).

  • NIO Inc. (NIO): 

NIO Inc. (NIO) is set to report its 1st quarterly earnings for FY2024 on June 6th pre-market.

Estimated EPS -$0.305 and estimated revenue is $1.444B.

For the first quarter of fiscal year 2024, the Company expects total revenue of $1.479 billion to $1.562 billion.

The expected option implied volatility is 13.62%.

  • DocuSign, Inc. (DOCU): 

DocuSign, Inc. (DOCU) is set to report its 1st quarterly earnings for FY2025 on June 6th after-market.

Estimated EPS $0.79 and estimated revenue is $707.46M.

For the first quarter of fiscal year 2025, the Company expects total revenue of $704M-$708M and for the FY25 the expected revenue is $2.915B-$2.927B.

The expected option implied volatility is 10.37%.

  • Samsara Inc. (IOT): 

Samsara Inc. (IOT) is set to report its 1st quarterly earnings for FY2025 on June 6th after-market.

Estimated EPS $0.01 and estimated revenue is $272.43M.

For Q1 FY 2025, company expects total revenue to be between $271 million and $273 million and non-GAAP EPS to be between $0.00 and $0.01.

For full-year FY 2025, we expect revenue to be between $1.186 billion and $1.196 billion and non-GAAP EPS to be between $0.11 and $0.13.

The expected option implied volatility is 16.81%.

8:30 am: Initial jobless claims June 1 forecast 216,000, previous 219,000

Friday, June 7:

8:30 am: U.S. employment report for May forecast 178,000, previous 175,000

8:30 am: U.S. unemployment rate for May forecast 3.9% previous 3.9%

8:30 am: U.S. hourly wages for May forecast 0.3% previous 0.2%