Earnings Recap - March 05, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$ALTO** - Alto Ingredients, Inc. posted a strong Q4 2025 beat with EPS of $(1.88), surpassing estimates of $(2.33), and sales of $47.2 million beating the $38.29 million consensus. The stock surged 30.77% to $3.40, reflecting investor enthusiasm for the better-than-expected profitability and revenue growth. **$BILI** - Bilibili Inc. reported Q4 EPS of $0.2813 versus an estimate of $0.2587, an 8.7% surprise. Revenue also topped estimates at $1.207 billion versus $1.171 billion expected. Shares rose over 4%, supported by a rebound in advertising revenue and user engagement. **$GOTU** - Gaotu Techedu Inc. delivered a notable EPS beat of -$0.0508 versus -$0.078 expected, with revenue of $244 million surpassing the $237 million estimate. The stock gained on the positive surprise, reflecting improving fundamentals in the education sector. **$OOMA** - Ooma, Inc. exceeded expectations with Q4 revenue of $14.3 million, up from $12.77 million consensus, driving an 11.98% stock increase to $14.30. **$PBF** - PBF Energy Inc. reported a strong quarter with shares jumping 12.65% to $44.79, reflecting robust earnings and operational performance, though exact EPS/revenue figures were not provided. **$RTO** - Rentokil Initial plc shares jumped 10.45% to $32.27 after reporting strong Q4 results driven by North American growth. **$STEM** - Stem, Inc. delivered a Q4 EPS of $(1.88), beating estimates of $(2.33), with sales of $47.2 million beating the $38.29 million forecast. The stock surged 25.16% to $11.89, signaling investor confidence in the company's strategic growth. **$TTD** - The Trade Desk stock soared 23.26% to $30.82 following an earnings beat and positive commentary on AI-related initiatives. **$BAND** - Bandwidth Inc. gained 6.88% to $16.63 after reporting strong growth and positive outlook. **$BOX** - Box, Inc. jumped 10.28% to $26.38 on upbeat earnings and strategic AI platform developments. **$VEEV** - Veeva Systems Inc. rallied 9.75% to $204.04, supported by strong CRM retention and AI subscription growth. ### Misses & Negative Reactions **$AEO** - American Eagle Outfitters missed expectations, with shares falling 2.65% to $21.65 despite a record sales growth streak in Victoria’s Secret. The miss and cautious outlook weighed on the stock. **$CCRN** - Cross Country Healthcare missed Q4 revenue and earnings estimates, with shares down 4.57% to $8.57. **$CHPT** - ChargePoint Holdings declined 4.95% to $6.15 after reporting results that disappointed investors amid margin pressures. **$CHRW** - C.H. Robinson Worldwide shares dropped 3.27% to $187.00 despite presenting at a conference, reflecting concerns over competitive pressures. **$NTRA** - Natera, Inc. shares fell 2.89% to $201.05 following a mixed earnings report. **$SES** - SES AI Corporation plunged 12.26% to $1.36 on integration and defense-related concerns despite a strong investment case. **$STUB** - StubHub Holdings declined 14.95% to $8.65 amid concerns over direct issuance and stock dilution. **$WEBULL (BULL)** - Webull shares dropped 3% premarket on lower Q4 profit, with the stock down 2.01% to $5.84. **$LDOS** - Leidos Holdings declined 1.47% to $178.00 despite a strong defense and security ecosystem outlook. **$FISV** - Fiserv shares fell 1.12% to $62.19 amid questions about rebuilding investor confidence. ## Reporting Today Companies expected to report earnings today: - **$ALGS** (Aligos Therapeutics Inc) - Before market open - EPS est. -2.4867, no revenue estimate; biotech sector focus on pipeline progress. - **$ALT** (Altimmune Inc) - Before market open - EPS est. -0.234, biotech with attention on clinical trial updates. - **$ATHM** (Autohome Inc ADR) - Before market open - EPS est. 0.3329, revenue est. $217M; watch for user growth trends. - **$BJ** (BJ's Wholesale Club Holdings Inc) - Before market open - EPS est. 0.9344, revenue est. $5.549B; key retail metrics to watch. - **$BRLT** (Brilliant Earth Group Inc) - Before market open - EPS est. 0.0245, revenue est. $125M; luxury goods sector. - **$BURL** (Burlington Stores Inc) - Before market open - EPS est. 4.7606, revenue est. $3.594B; apparel retail trends. - **$BVS** (Bioventus Inc) - Before market open - EPS est. 0.2158, revenue est. $155M; medical devices updates. - **$CCEC** (Capital Clean Energy Carriers Corp) - Before market open - EPS est. 0.4768, revenue est. $103M; marine shipping sector. - **$CIEN** (CIENA Corp) - Before market open - EPS est. 1.1662, revenue est. $1.399B; watch data center orders. - **$CNQ** (Canadian Natural Resources Ltd) - Before market open - EPS est. 0.4853, revenue est. $7.037B; energy sector focus. - **$CRMD** (CorMedix Inc) - Before market open - EPS est. 0.8162, revenue est. $127M; biotech watch. - **$DSGR** (Distribution Solutions Group Inc) - Before market open - EPS est. 0.19, revenue est. $496M; industrial distribution. - **$EVAX** (Evaxion A/S ADR) - Before market open - EPS est. -0.44; biotech. - **$EVGN** (Evogene Ltd) - Before market open - EPS est. -0.26; biotech. - **$FLYX** (flyExclusive Inc) - Before market open - EPS est. 0.01, revenue est. $100M; airlines. - **$FTCI** (FTC Solar Inc) - Before market open - EPS est. -0.2606, revenue est. $33M; solar energy. - **$GSL** (Global Ship Lease Inc) - Before market open - EPS est. 2.31, revenue est. $188M; marine shipping. - **$HCM** (HUTCHMED (China) Limited ADR) - Before market open - EPS est. 2.5, revenue est. $307M; specialty drug manufacturer. - **$ITRN** (Ituran Location And Control Ltd) - Before market open - EPS est. 0.752, revenue est. $93M; scientific instruments. - **$IVVD** (Invivyd Inc) - Before market open - EPS est. -0.0833, revenue est. $17M; biotech. - **$JD** (JD.com Inc ADR) - Before market open - EPS est. 0.0527, revenue est. $50.761B; internet retail. - **$KR** (Kroger Co) - Before market open - EPS est. 1.2011, revenue est. $34.958B; grocery retail. - **$KURA** (Kura Oncology Inc) - Before market open - EPS est. -0.639, revenue est. $35M; biotech. - **$LQDA** (Liquidia Corp) - Before market open - EPS est. 0.2356, revenue est. $93M; biotech. - **$LXRX** (Lexicon Pharmaceuticals Inc) - Before market open - EPS est. -0.069, revenue est. $3M; biotech. - **$MDWD** (MediWound Ltd) - Before market open - EPS est. -0.6499, revenue est. $4M; biotech. - **$MYE** (Myers Industries Inc) - Before market open - EPS est. 0.23, revenue est. $202M; packaging. - **$OLPX** (Olaplex Holdings Inc) - Before market open - EPS est. 0.0099, revenue est. $105M; specialty retail. The calendar is notably busy with a heavy biotech presence and key retail and industrial companies reporting before market open. ## Earnings Themes - **Revenue Trends:** Several companies, especially in biotech and technology, are beating revenue estimates, signaling resilience in innovation-driven sectors. Retailers like Bilibili and Ooma show growth in advertising and subscription models, while traditional retailers like Kroger face mixed results with some misses in revenue. - **Margin Pressures vs. Expansion:** Margin pressures are evident in companies like ChargePoint and Cross Country Healthcare, reflecting competitive and cost challenges. Conversely, companies like Stem and Alto Ingredients are showing margin improvement, beating EPS estimates despite sector headwinds. - **Guidance Sentiment:** Guidance remains mixed. Some companies like Rentokil and PBF Energy are rewarded for strong outlooks and operational execution, while others like American Eagle and Brilliant Earth face downgrades or cautious outlooks due to competitive pressures and margin concerns. - **AI and Technology Growth:** AI remains a strong theme, with Broadcom, The Trade Desk, and Box benefiting from AI-related revenue growth and strategic positioning. OpenAI’s reported $25 billion annualized revenue is a backdrop supporting optimism in AI-driven tech earnings. ## Earnings Trade Ideas 1. **Long Broadcom ($AVGO) and The Trade Desk ($TTD):** Both companies are benefiting from the AI boom, with Broadcom’s AI chip business expected to exceed $100 billion in revenue by 2027 and The Trade Desk’s stock surging 23% post-earnings. Investors looking for AI exposure with strong earnings momentum should consider these names. 2. **Watch JD.com ($JD) and Kroger ($KR) for Retail Sentiment:** JD.com missed Q4 earnings and revenue estimates, reflecting challenges in China’s retail environment, while Kroger beat EPS but missed revenue. These reports could set the tone for retail sector sentiment today, offering potential trading opportunities on post-earnings volatility. In summary, the earnings landscape shows a bifurcation between innovation-led sectors outperforming and traditional retail and industrials facing mixed results. AI remains a key growth driver, with select tech names leading gains. The busy biotech calendar today offers further catalysts for sector-specific trades.