October 1, 2024

Monday – September 30
Earnings watch – Notable companies due to report include Carnival Corporation & PLC (CCL).
 Carnival Corporation & PLC (CCL):
Carnival Corporation & PLC (CCL) is set to report its 3 rd quarterly earnings on 30 th Sep 2024 before market
open.
Estimated EPS $1.168 and estimated revenue is $7.819B.
For the 3 rd quarter company expects adjusted EBITDA of approximately $2.66 billion, up 20 percent
compared to the third quarter of 2023 and adjusted net income of approximately $1.58 billion, up 35
percent compared to the third quarter of 2023.
The expected option implied volatility is 4.4%.
8:50 am Federal Reserve Governor Michelle Bowman speaks
9:45 am Chicago Business Barometer (PMI)
1:55 pm Federal Reserve Chair Jerome Powell speaks
Tuesday – October 1
Earnings watch – Notable companies due to report include Paychex, Inc (PAYX), McCormick & Company, Inc
(MKC), Acuity Brands (AYI), United Natural Foods (UNFI). Nike, Inc (Nike), Lamb Weston Holding, Inc (LW),
RGP (RGP).
 Paychex, Inc (PAYX):
Paychex, Inc (PAYX) is set to report its 1 st quarterly earnings for the FY2025 on 1 st October Before market
open.
Estimated EPS is $1.13 and estimated revenue is $1.31B.
For the year 2025 company expects total revenue is anticipated to grow in the range of 4.0% to 5.5% and
adjusted diluted earnings per share is anticipated to grow in the range of 5% to 7%.
The expected option move is 4.4%.
 McCormick & Company, Inc (MKC):
McCormick & Company, Inc (MKC) is set to report its 3 rd quarterly earnings for the FY2024 on 1 st October
pre-market.
Estimated EPS is $0.673 and estimated revenue is $1.668B.
In 2024, McCormick expects sales to range between -2% to 0% compared to 2023, or -1% to 1% on a
constant currency basis. McCormick projects 2024 earnings per share to be in the range of $2.76 to $2.81,
compared to $2.52 of earnings per share in 2023.
The expected option implied volatility is 3.6%
 Acuity Brands (AYI):
Acuity Brands (AYI) is set to report its 4 th quarterly earnings for the FY2024 on 1 st October pre-market.
Estimated EPS is $4.269 and estimated revenue is $1.02B.
The expected option implied volatility is 1.3%
 United Natural Foods (UNFI):
United Natural Foods (UNFI) is set to report its 4 th quarterly earnings report for the FY2024 on 1 st October
pre-market.
Estimated EPS is -0.082 and estimated revenue is $7.941M.

The company revised its 2024 guidance and now expect an EPS of -1.85 to -1.45 and expects a revenue of
$30.5B to $31B.
The expected option implied volatility is 4.6%.
 Nike, Inc (Nike):
Nike, Inc (Nike) is set to report its 1 st quarterly earnings report for the FY2025 on 1 st October after market.
Estimated EPS is 0.518 and estimated revenue is $11.64B
The expected option implied volatility is 7.26%
 Lamb Weston Holdings, Inc (LW):
Lamb Weston Holding, Inc (LW) is set to report its 1 st quarterly earnings for the FY2025 on 1 st October
after market.
Estimated EPS is $0.71 and estimated revenue is $1.55B.
In 2025, company expects sales of $6.6 billion to $6.8 billion and EPS of $4.35 to $4.85
The expected option implied volatility is 11.1%
 RGP Resources Connections, Inc (RGP):
RGP Resources Connections, Inc (RGP) is set to report its 1 st quarterly earnings for the FY2025 on 1 st
October after market.
Estimated EPS is $0.009 and estimated revenue is $137.82M.
The expected option implied volatility is 12.39%
9:45 am S&P final U.S. manufacturing PMI
10:00 am ISM manufacturing
10:00 am Construction spending
10:00 am Job openings
11:10 am Federal Reserve Governor Lisa Cook speaks
6:15 pm Richmond Fed President Tom Barkin, Atlanta Fed President Raphael Bostic and Boston Fed President
Susan Collins on a joint panel about technology-enabled disruption
TBA Auto sales
Wednesday – October 2
Earnings watch – Notable companies due to report include RPM International, Inc (RPM), ConAgra Brands, Inc
(CAG), & Levi’s (Levi).
 RPM International, Inc (RPM):
RPM International, Inc (RPM) is set to report its 1 st quarterly earnings report for the FY2025 on 2 nd October
pre-market.
Estimated EPS is 1.74 and estimated revenue is $2B
For the first quarter of 2025, the company expects Consolidated sales to be approximately flat compared to
prior-year record results.
The expected option implied volatility is 5.7%
 ConAgra Brands, Inc (CAG):
ConAgra Brands, Inc (CAG) is set to report its 1 st quarterly earnings report for the FY2025 on 2 nd October
pre-market.
Estimated EPS is 0.59 and expected revenue is $2.84B.

For the Fiscal 2025, the Company expects Organic net sales of (1.5)% to flat compared to fiscal 2024 and
Adjusted EPS between $2.60 and $2.65.
The expected option implied volatility is 3.8%
 Levi’s (Levi):
Levi’s (Levi) is set to report its 1 st quarterly earnings report for the FY2025 on 2 nd October after market.
Estimated EPS is 0.31 and expected revenue is $1.55B.
8:15 am ADP employment
9:00 am Cleveland Fed President Beth Hammack gives welcoming remarks
10:05 am St. Louis Fed President Alberto Musalem gives opening remarks
11:00 am Federal Reserve Governor Michelle Bowman speaks
12:15 pm Richmond Fed President Tom Barkin speaks
Thursday – October 3
Earnings watch – Notable companies due to report include Constellation Brands, Inc (STZ), AngioDynamics, Inc
(ANGO).
 Constellation Brands, Inc (STZ):
Constellation Brands, Inc (STZ) is set to report its 2 nd quarterly earnings report for the FY2025 on 3 rd
October before market.
Estimated EPS is 4.08 and estimated revenue is $2.94B.
For 2025, the company expects 6%-7% net sales growth.
The expected option implied volatility is 3.2%.
 AngioDynamics, Inc (ANGO):
AngioDynamics, Inc (ANGO) is set to report its 4 th quarterly earnings report for the FY2024 on 3 rd October
before market.
Estimated EPS is -0.14 and estimated revenue is $67.93M.
For the fiscal 2025 company expects net sales to be in the range of $282 to $288 million, representing
growth of between 4.2% – 6.4% over fiscal 2024 pro forma revenue of $270.7 million and Adjusted loss
per share in the range of $0.38 to $0.42, compared to pro forma adjusted loss per share of $0.45 in fiscal
2024
The expected option implied volatility is 17%.
8:30 am Initial jobless claims
9:45 am S&P final U.S. services PMI
10:00 am ISM services
10:00 am Factory orders
10:40 am Minneapolis Fed President Neel Kashkari moderate’s discussion with Atlanta Fed President Raphael
Bostic
Friday – October 4
Earnings watch – Notable companies due to report include Apogee Enterprises (APOG).
 Apogee Enterprises, Inc (APOG):
Apogee Enterprises, Inc (APOG) is set to report its 2 nd quarterly earnings report for the FY2025 on 4 th
October before market.
Estimated EPS is 1.225 and estimated revenue is $335.30M.

For 2025 the company continues to expect a full-year net sales decline in the range of 4% to 7% and full-
year diluted EPS to a range of $4.56 to $4.88 and adjusted diluted EPS to a range of $4.65 to $5.00.
The expected option implied volatility is 8.1%.
8:30 am U.S. nonfarm payroll
8:30 am U.S. unemployment rate
8:30 am U.S. hourly wages
8:30 am Hourly wages year over year
9:00 am New York Fed President John Williams gives opening remarks