Earnings Recap - March 03, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued with a mix of beats and misses across sectors, influencing stock performances amid a volatile market backdrop driven by geopolitical tensions and rising oil prices. Notably, retail and technology companies showed resilience with several beats, while some industrial and semiconductor names faced headwinds. The S&P 500 closed down 1.12%, reflecting broader market caution despite pockets of strength in specific stocks. ## Earnings Winners **$TGT** - +6.38% - Beat by: EPS of $2.44 vs. estimate $2.16; Revenue of $30.45B roughly in line with estimates. Guidance: Maintained with strategic investments planned for 2026. Target reported a stronger-than-expected profit with margin gains, defying retail sector softness. The company outlined a strategic plan for growth in 2026, including $2 billion incremental investments, signaling confidence in its turnaround efforts. **$BBY** - +7.08% - Beat by: EPS of $2.61 vs. estimate $2.46; Revenue of $13.81B slightly below estimates. Guidance: Maintained. Best Buy’s earnings beat expectations, driven by solid holiday demand and operational improvements, which helped the stock rally despite a slight revenue miss. **$KTB** - +20.61% - Beat by: EPS of $1.73 vs. estimate $1.64; Revenue of $1.02B vs. estimate $976M. Guidance: Positive outlook. Kontoor Brands delivered a strong quarter with earnings and revenue exceeding estimates, boosting investor confidence and driving a significant stock jump. **$PSFE** - +20.13% - Beat by: EPS of $0.46 vs. estimate $0.36; Revenue of $438M slightly below estimates. Guidance: Maintained. Paysafe surprised with a solid EPS beat, supported by stable revenue, and announced a new $3.5 billion share repurchase program, propelling shares higher. **$ASTS** - +6.99% - Data: Q4 results showed robust growth amid challenging conditions. Guidance: Positive. Astera Labs impressed with strong revenue growth driven by demand for AI-related solutions, reflecting the tech sector’s ongoing pivot toward AI-driven products. **$WDAY** - +7.08% - Data not available for EPS/revenue but strong conference presentation and market reaction. Workday’s shares gained following positive investor feedback at the Morgan Stanley conference, highlighting AI innovation as a key growth driver. **$MANH** - +5.92% - Data not available for EPS/revenue but strong investor conference presentation. Manhattan Associates rallied after presenting strategic growth initiatives focused on supply chain technology and AI enhancements. **$INTA** - +11.52% - Data not available for EPS/revenue but strong market reaction post-earnings. Intapp’s shares surged on better-than-expected results and optimistic guidance for 2026, reflecting strong demand for compliance and AI-driven software. **$NICE** - +5.30% - Data not available for EPS/revenue but positive investor sentiment at conference. NICE showed strong growth in its AI and cloud offerings, supporting a notable stock gain. **$PINS** - +9.27% - Data not available for EPS/revenue but significant strategic investment announced. Pinterest shares jumped following a $1 billion strategic investment from Elliott Management and an expanded buyback authorization, signaling confidence in the company’s turnaround. **$PLUG** - +22.65% - Beat by: Revenue beat; EPS miss. Guidance: Maintained. Plug Power surged on strong revenue growth despite an EPS miss, reflecting investor focus on top-line momentum in the hydrogen fuel cell sector. **$SWIM** - +15.91% - Data not available for EPS/revenue but strong conference presentation. Sierra Wireless (SWIM) stock jumped on positive investor feedback regarding its AI-driven product pipeline and growth prospects. **$CRCT** - +5.20% - Data not available for EPS/revenue but positive earnings call tone. Cricut’s shares rose following a better-than-expected quarter driven by strong demand for its creative products. **$DAVE** - +2.00% - Data not available for EPS/revenue but positive earnings call transcript. Dave Inc. showed solid operational progress and growth, supporting modest stock gains. ## Earnings Losers **$MDB** - -22.42% - Missed: Weak forecast and cloud business growth concerns. Issue: Muted guidance revived investor concerns about long-term growth. MongoDB’s shares plummeted after the company reported a disappointing forecast and slower cloud revenue growth, reigniting fears about the sustainability of its expansion. **$ACNT** - -14.00% - Missed: EPS of -0.09 vs. expectations; revenue data not available. Issue: Disappointing earnings in chemicals sector amid cost pressures. Ascent Industries saw a sharp decline following a significant EPS miss, reflecting operational challenges. **$STNE** - -19.03% - Missed: Earnings beat but revenue fell short; guidance cautious. Issue: Profitability concerns and slowing growth in payments. StoneCo’s stock dropped sharply despite an earnings beat, as revenue shortfall and cautious outlook weighed on sentiment. **$NUVB** - -25.34% - Missed: Data not available; stock fell sharply. Issue: Market skepticism on biotech pipeline and valuation. Nuvation Bio’s shares tumbled amid concerns over clinical progress and valuation pressures. **$SOPH** - -8.99% - Missed: EPS of -0.28 vs. estimate -0.24; revenue beat. Issue: Margin pressures and cautious outlook. SOPHiA Genetics disappointed with an EPS miss and cautious guidance, leading to a notable share price drop. **$ESPR** - -10.40% - Missed: EPS miss despite revenue beat. Issue: Profitability challenges in specialty pharma. Esperion Therapeutics’ shares declined on an EPS miss despite solid revenue, reflecting ongoing margin pressures. **$ONON** - -6.97% - Beat: EPS and revenue beat. Issue: Revenue outlook fell short of estimates, weighing on stock. On Holding’s shares fell despite a strong quarter, as the 2026 revenue guidance disappointed investors. **$ALG** - -15.42% - Missed: Earnings and revenue below expectations. Issue: Industrial demand softness and margin compression. Alamo Group’s shares dropped sharply on a disappointing quarter amid challenging industrial market conditions. **$LITE** - -12.49% - Missed: Revenue and earnings miss; guidance lowered. Issue: Weak demand in optical components. Lumentum’s stock fell significantly following a weak quarter and cautious outlook, reflecting semiconductor sector headwinds. **$MRX** - -5.41% - Beat: EPS beat; revenue beat. Issue: Profit-taking and sector weakness pressured shares. Marex Group shares declined despite a positive earnings surprise, impacted by broader market weakness. **$HROW** - -27.23% - Missed: Data not available; sharp decline. Issue: Market concerns on growth and profitability. Harrow Inc. saw a steep drop after earnings, reflecting investor skepticism on business prospects. **$CRDO** - -15.43% - Missed: Earnings and revenue miss. Issue: Weakness in capital markets segment. Credo Technology shares fell sharply after disappointing results. **$CPSH** - -15.69% - Missed: Data not available; significant share price decline. Issue: Operational challenges in specialty chemicals. CPS Technologies stock declined sharply on earnings concerns. **$SENS** - -16.45% - Missed: Data not available; shares down sharply. Issue: Market skepticism on biotech progress. Senseonics shares dropped on disappointing sentiment post-earnings. ## After-Hours Earnings **$CRWD** - Results: Beat EPS and revenue estimates with record ARR growth. AH reaction: Slight decline (-0.83%) despite strong results. CrowdStrike’s after-hours reaction was muted, possibly due to cautious guidance or profit-taking after recent gains. **$EVGO** - Results: EPS beat with revenue above estimates. AH reaction: -3.28%. EVgo’s shares declined after hours despite earnings beat, reflecting concerns about profitability or growth sustainability. **$AMLX** - Results: EPS beat; revenue flat. AH reaction: -6.80%. Amylyx Pharmaceuticals saw a share price drop after earnings, possibly due to valuation concerns. **$ADV** - Results: Large EPS miss despite revenue beat. AH reaction: -0.56%. Advantage Solutions declined modestly after hours on a significant earnings miss. **$MASS** - Results: EPS beat; revenue beat. AH reaction: -4.39%. 908 Devices shares fell despite a positive earnings surprise, possibly due to cautious outlook. **$MRX** - Results: EPS and revenue beat. AH reaction: -5.41%. Marex Group shares declined after hours despite earnings beat, reflecting sector pressures. **$KTB** - Results: EPS and revenue beat. AH reaction: +20.61%. Kontoor Brands surged after hours on strong earnings and revenue beats. **$PSFE** - Results: EPS beat; revenue slightly below estimates. AH reaction: +20.13%. Paysafe’s shares jumped after hours following a strong EPS beat and buyback announcement. **$TGT** - Results: EPS beat; revenue in line. AH reaction: +6.38%. Target’s shares rallied strongly after hours on a solid earnings beat and positive strategic outlook. ## Earnings Themes Today - Revenue trends showed mixed results, with retail and software companies generally meeting or exceeding expectations, while industrials and semiconductors faced softness. - Margin commentary was positive in retail, with Target highlighting margin gains despite challenging sales trends, while some tech and industrial firms noted margin pressures. - Guidance tone varied, with many companies maintaining outlooks amid geopolitical uncertainty, but a few, notably in semiconductors and industrials, issued cautious or lowered guidance reflecting demand concerns. ## Tomorrow's Earnings Watch - **$ACEL** (Accel Entertainment Inc) - Before Market - Key metric: EPS estimate $0.17, revenue estimate $336M. - **$AMC** (AMC Entertainment) - Before Market - Key metric: Earnings and revenue to watch amid sector volatility. - **$ARCT** (Arcturus Therapeutics) - Before Market - Key metric: EPS estimate -$0.78, revenue estimate $16M, biotech sector focus. - **$ANTA** (Antalpha Platform Holding Co) - Before Market - Key metric: EPS estimate $0.18, revenue estimate $26M, watch for turnaround signs. - **$AZO** (AutoZone Inc) - Before Market - Key metric: EPS estimate $27.15, revenue estimate $4.31B, auto parts sector resilience. - **$CALC** (CalciMedica Inc) - Before Market - Key metric: EPS estimate -$0.41, watch for biotech developments. - **$CVEO** (Civeo Corp) - Before Market - Key metric: EPS estimate -$0.43, revenue estimate $170M, lodging sector challenges. - **$EVGO** (EVgo Inc) - Before Market - Key metric: EPS estimate -$0.09, revenue estimate $103M, EV infrastructure growth. - **$FSTR** (L.B. Foster Co) - Before Market - Key metric: EPS estimate $0.66, revenue estimate $158M, industrial outlook. - **$MRX** (Marex Group Plc) - Before Market - Key metric: EPS estimate $1.02, revenue estimate $523M, capital markets focus. - **$ONON** (On Holding AG) - Before Market - Key metric: EPS estimate $0.26, revenue estimate $939M, footwear and accessories. - **$PSFE** (Paysafe Limited) - Before Market - Key metric: EPS estimate $0.36, revenue estimate $441M, payments sector. - **$SE** (Sea Ltd ADR) - Before Market - Key metric: EPS estimate $0.78, revenue estimate $6.45B, internet retail. - **$SOPH** (SOPHiA Genetics SA) - Before Market - Key metric: EPS estimate -$0.24, revenue estimate $20M, health information services. - **$SRAD** (Sportradar Group AG) - Before Market - Key metric: EPS estimate $0.11, revenue estimate $435M, sports data analytics. - **$SRRK** (Scholar Rock Holding Corp) - Before Market - Key metric: EPS estimate -$0.89, biotech focus. - **$SRTA** (Strata Critical Medical Inc) - Before Market - Key metric: EPS estimate $0.01, revenue estimate $60M, medical care facilities. - **$TGT** (Target Corp) - Before Market - Key metric: EPS estimate $2.16, revenue estimate $30.46B, retail sector bellwether. - **$THO** (Thor Industries, Inc.) - Before Market - Key metric: EPS estimate $0.04, revenue estimate $1.96B, recreational vehicles. - **$UPLD** (Upland Software Inc) - Before Market - Key metric: EPS estimate $0.19, revenue estimate $50M, software application. - **$VIK** (Viking Holdings Ltd) - Before Market - Key metric: EPS estimate $0.54, revenue estimate $1.62B, travel services. - **$VSNT** (Versant Media Group Inc) - Before Market - Key metric: EPS estimate $0.96, revenue estimate $1.56B, entertainment sector. ## Key Takeaway Today's earnings reveal a market grappling with geopolitical uncertainty and energy price volatility, yet selective pockets of strength persist, particularly in retail and software sectors. Target's robust profit beat and strategic growth plan underscore resilience amid challenging consumer trends, while technology companies continue to leverage AI-driven innovation to drive revenue growth. Conversely, semiconductor and industrial firms face demand softness and margin pressures, reflecting broader economic caution. Investors remain focused on guidance and margin sustainability as the earnings season unfolds amid a complex macroeconomic backdrop.