Notable events for the week of June 10th to June 13th

June 9, 2024

Monday, June 10:

  • The Children’s Place, Inc. (PLCE):

The Children’s Place, Inc. (PLCE) is set to report its 4th quarterly earnings on June 10, 2024 before market opens.

Estimated EPS -$0.61 and estimated revenue is $319M.

For the fourth quarter of fiscal year 2023, the company now expects net sales to be in the range of $460 million to $465 million. Adjusted net earnings per diluted share for the fourth quarter are expected to be in the range of 25 cents per share to 45 cents per share.

For the full fiscal year 2023, the company now expects net sales to be in the range of $1.605 billion to $1.61 billion. Adjusted net loss per diluted share expected to be in the range of negative 59 cents to negative 39 cents per share.

The expected option implied volatility is 18.73%.

Tuesday, June 11:

Earnings watch – Notable companies due to report on Tuesday, June 11 include Oracle Corporation (ORCL), and Casey’s General Stores, Inc. (CASY).

  • Oracle Corporation (ORCL):

Oracle Corporation (ORCL) is set to report its 4th quarterly earnings on June 11, 2024 after market.

Estimated EPS $1.65 and estimated revenue is $14.59B.

Total revenues, including Cerner, are expected to grow from 4% to 6%. Total revenue, excluding Cerner, are expected to grow 6% to 8%. Total revenue — total cloud revenue, excluding Cerner, is expected to grow from 22% to 24% as more capacity comes online in Q4.

non-GAAP EPS is expected to be down 2% or — to flat and be between $1.62 and $1.66.

The expected option implied volatility is 7.5%.

  • Casey’s General Stores, Inc. (CASY):

Casey’s General Stores, Inc. (CASY) is set to report its 4th quarterly earnings on June 11, 2024 after market.

Estimated EPS $1.72 and estimated revenue is $3.48B.

sales are expected to increase 3.5% to 5%

The expected option implied volatility is 5.9%.

Wednesday, June 12:

Earnings watch – Notable companies due to report on Wednesday, June 12 include Broadcom Inc. (AVGO).

  • Broadcom Inc. (AVGO)

Broadcom Inc. (AVGO) is set to report its 2ndquarterly earnings on June 12, 2024 after market.

Estimated EPS $10.8 and estimated revenue is $12.02B.

Fiscal year 2024 revenue guidance of approximately $50.0 billion.

The expected option implied volatility is 6.69%.

Thursday, June 13:

Earnings watch – Notable companies due to report on Thursday, June 13 include Restoration Hardware Holdings, Inc (HR), Abode, Inc (ADBE), Signet Jewellers Limited (SIG), and The Bank of Nova Scotia (BNS).

  •  Restoration Hardware Holdings, Inc (RH):

Restoration Hardware Holdings, Inc (RH) is set to report its 1st quarterly earnings for FY2024 on June 13th after market close.

Estimated EPS -$0.13 and estimated revenue is $724.7M.

For the FY2024 company forecasted a revenue growth of 8% to 10%

The expected option implied volatility is 13.96%.

  • Adobe, Inc (ADBE):

Adobe, Inc (ADBE) is set to report its 2nd quarterly earnings on June 13, 2024 after market close.

Estimated EPS $4.39 and estimated revenue is $5.29B.

Expected net sales for the Q2 range between $5.25B-$5.3B. non-GAAP EPS is expected to be between $4.35-$4.4.

The expected option implied volatility is 7.56%.

  • Signet Jewellers Limited (SIG): 

Signet Jewellers Limited (SIG) is set to report its FY2025 1st quarterly earnings on June 13, 2024 before market opens.

Estimated EPS $0.85 and estimated revenue is $1.51B.

For the first quarter of fiscal year 2025 company expects revenue of $1.47B-$1.53B

For the fiscal year 2025 company expects revenue of $6.66B-$7.02B and diluted EPS $9.08-$10.48.

The expected option implied volatility is 10.85%.

  • The Bank of Nova Scotia (BNS): 

The Bank of Nova Scotia (BNS) is set to report its 3rd quarterly earnings for FY2024 on June 13th after-market.

Estimated EPS $1.18 and estimated revenue is $6.22B.

The expected option implied volatility is 4.9%.