Earnings Recap - March 03, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$ASTS** - AST SpaceMobile reported strong Q4 results, driving a notable 7.97% stock gain to $85.50. The company’s earnings call highlighted robust demand for its space-based mobile broadband technology, which is gaining traction in the telecom sector. **$AMRC** - Ameresco beat expectations with a 3.41% rise in stock price to $31.50 after reporting solid Q4 results. The company’s focus on renewable energy and infrastructure projects continues to fuel growth. **$BCO** - The Brink's Company surged 7.78% to $125.85 following a positive earnings report and M&A call transcript that underscored strong cash flow and strategic acquisitions. **$DAVE** - Dave Inc. jumped 11.71% to $215.90 after reporting Q4 earnings that exceeded estimates, reflecting strong user growth and improved monetization. **$DIME** - Dime Community Bancshares gained 3.01% to $8.72 on better-than-expected quarterly results, supported by stable loan growth and margin improvement. **$EXE** - Expand Energy Corporation rose 2.61% to $110.73 after a strong institutional investor presentation highlighting growth in energy infrastructure. **$HEI** - Heico Corporation climbed 2.67% to $328.00 following record FQ1 2026 results driven by strong demand in aerospace flight support. **$HES** - Hess Corporation rallied 8.65% to $160.31 on strong operational execution and positive commentary on Guyana asset exposure. **$HIMS** - Hims & Hers Health surged 9.57% to $15.91 after a Morgan Stanley conference presentation emphasizing growth in telehealth services. **$INGM** - Ingram Micro Holding rose 8.75% to $22.50 on strong Q4 earnings and positive outlook for technology distribution. **$LITE** - Lumentum Holdings gained 3.97% to $728.71 after Morgan Stanley conference remarks underscored AI-driven demand for optical components. **$MPC** - Marathon Petroleum jumped 7.38% to $212.84 on strong refining margins and strategic capital allocation. **$PINS** - Pinterest soared 7.53% to $18.42 following news of a $1 billion investment by Elliott Management and a new $3.5 billion share repurchase authorization. **$PLUG** - Plug Power surged 13.87% to $2.04 despite mixed earnings, buoyed by optimism around new leadership and hydrogen market potential. **$RDNT** - RadNet jumped 7.65% to $75.15 on better-than-expected Q4 results and strategic clinical AI initiatives. **$SOFI** - SoFi Technologies rose 1.75% to $18.07 after CEO Anthony Noto’s $1 million stock purchase, signaling confidence amid recent volatility. **$TDUP** - ThredUp gained 4.51% to $5.10 following Q4 earnings that showed signs of stabilization in the online resale market. **$TREE** - LendingTree surged 11.83% to $41.79 after reporting Q4 results and highlighting growth in mortgage origination and digital lending. **$U** - Unity Software edged up 0.66% to $18.35 despite broader tech weakness, supported by positive conference commentary on AI integration. ### Misses & Negative Reactions **$MDB** - MongoDB plummeted 28.15% to $235.99 after missing Q4 earnings with $1.65 per share and revenue of $695.07 million, alongside disappointing Q1 guidance below estimates. This signals ongoing challenges in the software sector. **$STNE** - StoneCo dropped 8.63% to $15.35 despite beating earnings by R$0.21, as revenue fell short of estimates and concerns linger over payment processing growth. **$CRDO** - Credo Technology Group fell 9.03% to $102.13 after a weaker-than-expected Q3 earnings report, reflecting softness in semiconductor demand. **$LIF** - Life360 plunged 17.40% to $43.49 following Q4 earnings that disappointed investors, highlighting challenges in user growth and monetization. **$NUVB** - Nuvation Bio declined 12.01% to $5.20 after missing earnings expectations and showing a revenue decline. **$CCL** - Carnival Corporation tumbled 11.89% to $27.80 despite strong sailings offsetting higher fuel costs; concerns about margin pressures weighed on the stock. **$BLTE** - Belite Bio dropped 7.99% to $175.10 after Q4 results showed weaker outlook and cost pressures. **$CORZ** - Core Scientific declined 6.48% to $15.87 amid ongoing challenges in the bitcoin mining sector and a strategic pivot to AI. **$IMAX** - IMAX fell 5.17% to $40.62 after reporting weaker-than-expected Q4 results amid softer box office trends. **$SENS** - Senseonics Holdings dropped 5.91% to $7.78 following Q4 earnings that missed revenue estimates. **$STLA** - Stellantis declined 12.24% to $7.10 despite strategic reset announcements, reflecting concerns over North American market competitiveness. **$PYPL** - PayPal fell 4.48% to $44.14 after earnings that highlighted structural challenges and limited upside at current valuation levels. **$QGEN** - Qiagen declined 4.50% to $47.56 after presenting at the Morgan Stanley healthcare conference with cautious outlook commentary. **$QTRX** - Quanterix dropped 4.58% to $6.25 after Q4 earnings call transcript revealed slower growth in diagnostics. **$MAC** - Macerich fell 3.96% to $19.66 despite a conference presentation, weighed down by retail real estate concerns. **$ABNB** - Airbnb declined 3.78% to $130.00 despite a price target raise by Mizuho, reflecting broader travel sector volatility. **$AMAT** - Applied Materials dropped 4.89% to $354.10 amid cautious remarks on semiconductor capital spending. **$AMZN** - Amazon fell 2.89% to $203.94 after drone strikes damaged facilities in the UAE and Bahrain, raising operational risk concerns. **$CRM** - Salesforce declined 2.97% to $189.00 after earnings that showed margin pressures and cautious guidance. **$ACN** - Accenture dropped 1.73% to $205.10 despite announcing acquisition of Ookla, reflecting mixed investor sentiment on growth outlook. ## Reporting Today Companies expected to report earnings today: - **$AZO** - Before market open - AutoZone's Q2 profit expected to reflect inflationary headwinds; key to watch margin trends and same-store sales. - **$BBY** - Before market open - Best Buy's EPS estimated at $2.46 with revenue around $13.87 billion; watch for holiday sales impact and full-year guidance. - **$TGT** - Before market open - Target’s EPS estimate is $2.14 on $30.46 billion revenue; key metrics include sales rebound and margin improvement under new CEO. - **$ONON** - Before market open - On Holding expected to report EPS of $0.26 on $935 million revenue; focus on footwear and accessories growth. - **$PSFE** - Before market open - Paysafe Limited EPS est. $0.36 with $443 million revenue; watch for payment processing trends. - **$SE** - Before market open - Sea Limited EPS est. $0.76 on $6.45 billion revenue; key to watch e-commerce and digital entertainment segments. - **$SRAD** - Before market open - Sportradar Group EPS est. $0.10 on $432 million revenue; focus on sports data and betting market growth. - **$MRX** - Before market open - Marex Group EPS est. $1.02 on $523 million revenue; watch capital markets performance. - **$KTB** - Before market open - Kontoor Brands EPS est. $1.64 on $976 million revenue; apparel manufacturing trends critical. - **$FSTR** - Before market open - L.B. Foster Co EPS est. $0.67 on $156 million revenue; railroads sector outlook important. - **$BGS** - Before market open - B&G Foods EPS est. $0.30 on $538 million revenue; packaged foods demand to watch. - **$ACEL** - Before market open - Accel Entertainment EPS est. $0.17 on $336 million revenue; gambling sector trends relevant. - **$AMLX** - Before market open - Amylyx Pharmaceuticals EPS est. -$0.35; focus on specialty drug pipeline. - **$ANTA** - Before market open - Antalpha Platform EPS est. $0.18 on $26 million revenue; credit services growth to monitor. - **$EVGO** - Before market open - EVgo EPS est. -$0.11 on $99 million revenue; electric vehicle charging market dynamics key. - **$VIK** - Before market open - Viking Holdings EPS est. $0.55 on $1.63 billion revenue; cruise and travel bookings under scrutiny. - **$SRRK** - Before market open - Scholar Rock EPS est. -$0.90; biotech pipeline progress critical. - **$SOPH** - Before market open - SOPHiA Genetics EPS est. -$0.24 on $20 million revenue; health information services outlook. - **$SRTA** - Before market open - Strata Critical Medical EPS est. $0.01 on $61 million revenue; medical care facilities sector update. - **$UPLD** - Before market open - Upland Software EPS est. $0.20 on $50 million revenue; software application growth. - **$BRCB** - Before market open - Black Rock Coffee Bar EPS est. $0.02 on $54 million revenue; restaurant sector trends. - **$CVEO** - Before market open - Civeo Corp EPS est. -$0.43 on $170 million revenue; lodging sector challenges. - **$THO** - Before market open - Thor Industries EPS est. $0.04 on $1.96 billion revenue; recreational vehicles market. - **$VIK** - Before market open - Viking Holdings EPS est. $0.55 on $1.63 billion revenue; watch travel services amid geopolitical risks. Light earnings calendar today with a focus on retail, travel, and specialty sectors. ## Earnings Themes - Revenue trends show mixed results, with strong growth in renewable energy, aerospace, and digital services sectors, while traditional retail and software face headwinds. - Margin pressures remain a key concern for many, especially in retail and travel, due to inflationary costs and fuel price increases linked to Middle East tensions. - Guidance sentiment is cautious overall, with several companies lowering outlooks (e.g., MongoDB, StoneCo) while others maintain or raise guidance supported by strategic investments and market positioning (e.g., AST SpaceMobile, Hess). - Share repurchase programs and activist investments (e.g., Pinterest) are notable, signaling confidence in capital allocation despite broader market volatility. - The energy sector benefits from rising oil and gas prices amid geopolitical risks, supporting companies like Marathon Petroleum and Hess. ## Earnings Trade Ideas 1. **$ASTS (AST SpaceMobile)**: Strong Q4 results and growing telecom partnerships position AST SpaceMobile as a compelling play in the space-based broadband market. The 7.97% overnight gain suggests momentum that could continue as investors focus on its unique infrastructure niche. 2. **$MDB (MongoDB)**: The sharp 28.15% drop following a miss and weak guidance creates a potential short-term trading opportunity for contrarian investors if the company can stabilize its growth trajectory. However, caution is warranted given the broader software sector softness and competitive pressures.