Earnings Recap - March 04, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$BOX** - Box, Inc. reported strong Q4 results with shares up 10.69% to $26.10. The company’s earnings beat expectations, supported by robust cloud content management demand and strategic AI integration, which investors view positively amid broader software sector volatility. **$CRWD** - CrowdStrike Holdings beat Q4 estimates and provided an upbeat outlook, benefiting from increased AI-driven cybersecurity demand. Shares rose 1.86% to $392.03, reflecting confidence in its growth trajectory and strong recurring revenue. **$WIX** - Wix.com Ltd. posted Q4 EPS of $1.81, significantly beating the estimate of $1.40, while revenue of $524 million was in line with expectations. The stock gained 4.95% to $4.95, driven by investor enthusiasm for its mid-teens growth outlook in 2026. **$VBNK** - VersaBank reported a slight EPS beat with $0.2773 versus an estimate of $0.2752 and revenue of $27 million beating the $24 million estimate. Shares rose modestly, reflecting solid regional bank fundamentals. **$AFRM** - Affirm Holdings showed strength in its earnings report, with shares up 4.54% to $48.79, as the company benefits from improving consumer credit trends and fintech adoption. **$NPCE** - Neuronetics gained 7.99% to $15.28 after reporting positive clinical progress and revenue growth, signaling potential for expansion in neurostimulation therapies. **$CRCT** - Cricut shares rose 4.19% to $4.48 following better-than-expected Q4 results and optimistic commentary on product innovation and consumer engagement. ### Misses & Negative Reactions **$GTLB** - GitLab’s stock dropped 8.44% to $23.98 despite a Q4 beat, due to weak FY2027 guidance with EPS expected between $0.76-$0.80, below analyst expectations. This cautious outlook weighed on sentiment. **$IBRX** - IBRX shares plunged 9.67% to $9.43 after disappointing clinical updates and a lack of near-term catalysts, raising concerns about pipeline progress. **$INDI** - Indie Semiconductor fell sharply by 24.12% to $2.58 on weak earnings and guidance, reflecting challenges in the semiconductor sector amid geopolitical tensions. **$SSTI** - SoundThinking declined 6.17% to $7.30 after reporting a Q4 miss and cautious outlook, highlighting margin pressures and slower growth. **$ARCT** - Arcturus Therapeutics dropped 10.18% to $7.50 following weak guidance despite a Q4 beat, as investors digest pipeline uncertainties. **$ACNT** - Ascent Industries fell 18.38% to $14.50 on a disappointing Q4 loss and revenue miss, signaling operational challenges in the cannabis sector. **$ESPR** - Esperion’s shares declined 10.09% to $2.94 despite strengthening business outlook, likely due to market skepticism on near-term profitability. ## Reporting Today Companies expected to report earnings today: - **$AVGO** - Broadcom Inc. (After Market Close) - Key metrics to watch include EPS estimate of $2.03 and revenue estimate of $19.26 billion. Given its semiconductor leadership and AI exposure, investors will focus on margin trends and guidance amid sector uncertainties. - **$ANF** - Abercrombie & Fitch Co. (Before Market Open) - EPS estimate of $3.57 and revenue estimate of $1.67 billion. Watch for commentary on tariff impacts and consumer demand amid mixed retail signals. - **$BBWI** - Bath & Body Works Inc. (Before Market Open) - EPS estimate of $1.78 and revenue estimate of $2.62 billion. Investors will look for margin trends and growth drivers in specialty retail. - **$AEO** - American Eagle Outfitters Inc. (After Market Close) - EPS estimate of $0.71 and revenue estimate of $1.74 billion. Key focus on apparel retail sales trends and inventory management. - **$BF-A / BF-B** - Brown-Forman Corp. (Before Market Open) - EPS estimate near $0.47 and revenue around $1 billion. Watch for updates on premium beverage demand and international growth. - **$EPR** - EPR Properties (Before Market Open) - Data not available for EPS/revenue estimates, but as a specialty REIT, focus will be on occupancy and rental income trends. - **$DY** - Dycom Industries, Inc. (Before Market Open) - EPS estimate of $1.87 and revenue estimate of $1.35 billion. Key to watch is demand for engineering and construction services amid infrastructure spending. - **$CSTE** - Caesarstone Ltd (Before Market Open) - EPS estimate of -$0.38 and revenue estimate of $94 million. Investors will focus on margin pressures and demand in building products. - **$EOLS** - Evolus, Inc. (Before Market Open) - Data not available for estimates, but shares rose 14.69% overnight, suggesting positive sentiment ahead of the report. - **$PAR** - PAR Technology Corporation (Before Market Open) - Data not available for estimates, shares up 5.13% indicating optimism. - **$STAA** - STAAR Surgical Company (Before Market Open) - EPS estimate of $0.20 and revenue estimate of $394 million. Watch for innovation updates in medical instruments. - **$WIX** - Wix.com Ltd. (Before Market Open) - Already reported but will be closely watched for full-year guidance. - **$ROST** - Ross Stores, Inc. (Before Market Open) - Data not available for estimates, shares up 3.81% on strong FY25 sales and growth outlook. - **$CRM** - Salesforce, Inc. (Before Market Open) - Data not available for estimates, but shares rose 2.02% overnight, reflecting positive market sentiment on AI-driven growth. - **$COIN** - Coinbase Global, Inc. (Before Market Open) - Data not available for estimates, shares up 5.47% on strong crypto business momentum. - **$CRS** - Carpenter Technology Corporation (Before Market Open) - Data not available for estimates, shares down 1.82% despite aerospace segment growth. - **$DFS** - Discover Financial Services (Before Market Open) - Data not available for estimates, shares down 1.19% amid broader financial sector caution. - **$NTRA** - Natera, Inc. (Before Market Open) - Data not available for estimates, shares up 1.36% on oncology test growth. - **$EYE** - National Vision Holdings Inc. (Before Market Open) - EPS estimate of $0.06 and revenue estimate of $496 million. Watch for retail optics demand trends. - **$RSKD** - Riskified Ltd. (Before Market Open) - EPS estimate of $0.10 and revenue estimate of $97 million. Focus on e-commerce fraud prevention growth. - **$AUB** - Atlantic Union Bankshares Corporation (Before Market Open) - Data not available for estimates, shares down 0.19%. - **$WEX** - WEX Inc. (Before Market Open) - Data not available for estimates, shares up 3.59% after conference presentation. - **$HAL** - Halliburton Company (Before Market Open) - Data not available for estimates, shares down 3.53% amid energy sector volatility. - **$HALO** - Halozyme Therapeutics, Inc. (Before Market Open) - Data not available for estimates, shares up 1.03%. - **$LRCX** - Lam Research Corporation (Before Market Open) - Data not available for estimates, shares down 3.51% on semiconductor concerns. - **$MCHP** - Microchip Technology Incorporated (Before Market Open) - Data not available for estimates, shares down 2.88%. - **$MSFT** - Microsoft Corporation (Before Market Open) - Data not available for estimates, shares up 1.54% on AI optimism. - **$META** - Meta Platforms, Inc. (Before Market Open) - Data not available for estimates, shares up 0.79%. - **$NVDA** - NVIDIA Corporation (Before Market Open) - Data not available for estimates, shares down slightly 0.11%. - **$PYPL** - PayPal Holdings, Inc. (Before Market Open) - Data not available for estimates, shares up 1.38%. - **$TTWO** - Take-Two Interactive Software, Inc. (Before Market Open) - Data not available for estimates, shares up 3.71% on NBA 2K strength. - **$TGT** - Target Corporation (Before Market Open) - Data not available for estimates, shares up 8.07% after rating upgrades and merchandising strategy. - **$UBER** - Uber Technologies, Inc. (Before Market Open) - Data not available for estimates, shares up 1.13%. - **$VEEV** - Veeva Systems Inc. (Before Market Open) - Data not available for estimates, shares up 2.59%. - **$VRTX** - Vertex Pharmaceuticals Incorporated (Before Market Open) - Data not available for estimates, shares down 2.68%. - **$WBTN** - WEBTOON Entertainment Inc. (Before Market Open) - Data not available for estimates, shares down 12.05%. ## Earnings Themes - **Revenue Trends:** Several software and tech companies like CrowdStrike, Box, and Wix continue to show strong revenue growth driven by AI adoption and cloud services. Retailers such as Ross Stores and Bath & Body Works are seeing solid sales growth, though tariff uncertainty weighs on apparel names like Abercrombie & Fitch. - **Margin Pressures or Expansion:** Semiconductor and hardware companies face margin pressures amid geopolitical tensions and supply chain challenges, as seen with Lam Research and Microchip Technology. Conversely, software firms demonstrate margin expansion potential with scalable AI-driven offerings. - **Guidance Sentiment:** Mixed guidance is evident. GitLab’s cautious FY27 EPS outlook contrasts with upbeat CrowdStrike and Wix forecasts. Retailers like Target receive positive sentiment on merchandising strategies, while Abercrombie & Fitch signals muted sales due to tariff concerns. ## Earnings Trade Ideas 1. **Long CrowdStrike ($CRWD):** With a Q4 beat and positive AI-driven cybersecurity demand, $CRWD looks well-positioned to capitalize on rising cyber threats. Its strong recurring revenue model and margin expansion potential make it an attractive growth play amid sector volatility. 2. **Short GitLab ($GTLB):** Despite a Q4 beat, the lowered FY27 EPS guidance and multiple analyst downgrades suggest caution. The stock’s 8.44% drop overnight reflects market skepticism, presenting a potential short opportunity on valuation and growth concerns.