Earnings Recap - March 11, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$BODI** - The Beachbody Company, Inc. reported Q4 earnings with a notable 15.68% stock jump to $9.48 from $8.20. This strong reaction suggests the company delivered better-than-expected results or positive guidance, although specific EPS or revenue figures were not provided. **$KVHI** - KVH Industries saw a 15.32% increase to $7.00 from $6.07, indicating a solid earnings report or positive outlook that exceeded market expectations. **$UNF** - UniFirst surged 5.66% to $277.50 after Cintas (CTAS) agreed to acquire UniFirst for approximately $5.5 billion in cash and stock at $310 per share. This takeover deal is a significant catalyst driving the stock to 52-week highs. **$ORCL** - Oracle jumped 7.55% to $163.00 from $151.56 following an upbeat earnings report and strong revenue forecast, easing concerns about its large AI investments. The company’s backlog now sits at $553 billion, signaling robust demand. **$MU** - Micron Technology rose 4.80% to $408.00 from $389.32, reflecting strong demand for memory chips amid the AI infrastructure buildout, despite broader sector weakness. **$NIO** - NIO shares surged 13.16% to $5.59 from $4.94 on strong Q4 earnings and robust vehicle deliveries, with analysts upgrading the stock on improved business outlook. **$IDT** - IDT Corporation beat estimates with a $0.13 EPS beat and revenue topping expectations, contributing to a 1.79% gain to $51.65. **$CSCO** - Cisco Systems rose 1.55% to $77.39, likely benefiting from positive earnings or guidance, although specific figures were not disclosed. ### Misses & Negative Reactions **$AVAV** - AeroVironment plunged 14.43% to $194.50 from $227.29 after a brutal reality check on earnings, likely missing estimates or issuing weak guidance. **$FICO** - Fair Isaac (FICO) dropped 10.63% to $1288.00 from $1441.20, indicating a significant earnings miss or margin pressure. **$HMY** - Harmony Gold Mining declined 11.11% to $16.89 from $19.00 despite record earnings, possibly due to cautious outlook or dividend miss. **$INTU** - Intuit fell 4.23% to $453.65 from $473.67, reflecting ongoing margin pressures or cautious guidance despite repeated earnings beats. **$BLND** - Blend Labs dropped 4.19% to $1.60, likely due to earnings or revenue falling short of expectations. **$NOW** - ServiceNow declined 4.37% to $116.60 from $121.93, possibly reflecting concerns about growth sustainability or margin compression. **$CTAS** - Cintas slipped 3.14% to $194.46 despite the UniFirst acquisition announcement, potentially due to integration concerns or deal-related costs. **$CI** - Cigna fell 2.47% to $263.00, suggesting some disappointment in earnings or guidance. **$COIN** - Coinbase dropped 2.71% to $194.37, indicating continued volatility in crypto-related earnings. **$PYPL** - PayPal declined 2.79% to $44.87, possibly reflecting margin pressures or cautious outlook. **$QCOM** - Qualcomm fell 2.40% to $134.80 amid concerns that the market is pricing in failure despite its AI-related opportunities. ## Reporting Today Companies expected to report earnings today: - **$BGSF** (BGSF Inc) - After market close - EPS estimate of -$0.16 on $23M revenue. As a staffing and employment services firm, watch for commentary on labor market trends. - **$BMBL** (Bumble Inc) - After market close - EPS estimate $0.23 on $221M revenue. Key metrics include user growth and monetization trends in the dating app sector. - **$BTMD** (biote Corp) - After market close - EPS estimate $0.04 on $46M revenue. Focus on medical care facilities segment performance. - **$CDXS** (Codexis Inc) - After market close - EPS estimate -$0.03 on $36M revenue. Biotechnology sector watchers should note any pipeline updates. - **$CINT** (CI&T Inc) - After market close - EPS estimate $0.10 on $133M revenue. Software infrastructure growth and margin trends are key. - **$CULP** (Culp Inc) - After market close - EPS estimate -$0.14 on $52M revenue. Textile manufacturing outlook amid supply chain pressures. - **$CURI** (CuriosityStream Inc) - After market close - EPS estimate -$0.03 on $19M revenue. Broadcasting segment growth and subscriber trends. - **$DMRC** (Digimarc Corporation) - After market close - EPS estimate -$0.24 on $8M revenue. Software application growth and AI integration updates. - **$DSGX** (Descartes Systems Group Inc) - After market close - EPS estimate $0.49 on $189M revenue. Watch for logistics software demand strength. - **$DSP** (Viant Technology Inc) - After market close - EPS estimate $0.17 on $63M revenue. Advertising tech sector performance. - **$EXOD** (Exodus Movement Inc) - After market close - EPS estimate $0.00 on $30M revenue. Software infrastructure and crypto-related business updates. - **$ACTG** (Acacia Research Corp) - Before market open - EPS estimate -$0.14 on $38M revenue. Business equipment and IP licensing trends. - **$BWAY** (Brainsway Ltd ADR) - Before market open - EPS estimate $0.03 on $14M revenue. Medical devices and neurostimulation market updates. - **$BWEN** (Broadwind Inc) - Before market open - EPS estimate -$0.04 on $36M revenue. Specialty industrial machinery outlook. - **$CPB** (Campbells Co) - Before market open - EPS estimate $0.57 on $2.61B revenue. Packaged foods segment performance and guidance critical amid cautious outlook. - **$CPSS** (Consumer Portfolio Service, Inc) - Before market open - EPS reported $0.20. Credit services sector trends. - **$CXM** (Sprinklr Inc) - Before market open - EPS estimate $0.10 on $217M revenue. Software application growth and AI adoption. - **$DNN** (Denison Mines Corp) - Before market open - EPS reported -$0.04 vs estimate -$0.02, a -133.5% surprise. Uranium sector volatility. - **$KMDA** (Kamada Ltd) - Before market open - EPS estimate $0.08 on $45M revenue. Specialty and generic drug manufacturing updates. - **$KPLT** (Katapult Holdings Inc) - Before market open - EPS estimate -$1.13 on $76M revenue. Software infrastructure challenges. - **$NERV** (Minerva Neurosciences Inc) - Before market open - EPS estimate -$0.30. Biotechnology pipeline progress. - **$OPFI** (OppFi Inc) - Before market open - EPS estimate $0.28 on $160M revenue. Credit services and fintech growth. - **$RERE** (ATRenew Inc ADR) - Before market open - EPS reported $0.12 vs estimate $0.10, a 19.2% surprise; revenue $910M vs $865M estimate. Internet retail strength. - **$SDHC** (Smith Douglas Homes Corp) - Before market open - EPS estimate $0.11 on $251M revenue. Real estate development outlook. - **$SERV** (Serve Robotics Inc) - Before market open - EPS estimate -$0.48 on $1M revenue. Specialty industrial machinery and robotics innovation. - **$SNDA** (Sonida Senior Living Inc) - Before market open - EPS estimate -$1.24. Medical care facilities sector challenges. - **$TH** (Target Hospitality Corp) - Before market open - EPS estimate -$0.12 on $86M revenue. Specialty business services performance. - **$TSSI** (TSS Inc) - Before market open - EPS estimate $0.01 on $41M revenue. Information technology services. - **$VRCA** (Verrica Pharmaceuticals Inc) - Before market open - EPS estimate -$0.73 on $5M revenue. Biotechnology pipeline updates. ## Earnings Themes - Revenue growth remains mixed, with technology and AI-related companies like Oracle, Micron, and NIO showing strong demand and backlog expansions, while traditional sectors such as packaged foods (Campbells) and industrial machinery face cautious outlooks. - Margin pressures persist in software and fintech sectors, as seen with Intuit and Blend Labs, reflecting ongoing investment in AI and infrastructure amid competitive environments. - Guidance sentiment is cautiously optimistic in AI and semiconductor-related firms, with Oracle raising forecasts and Micron benefiting from AI infrastructure demand. Conversely, some industrial and mining companies are lowering outlooks due to geopolitical risks and supply chain disruptions. - M&A activity is notable with Cintas acquiring UniFirst for $5.5 billion, signaling consolidation in the uniform services industry and boosting related stocks. ## Earnings Trade Ideas - **Oracle ($ORCL)**: The company’s strong Q3 earnings beat and a massive $553 billion backlog suggest continued robust AI-driven demand. The 7.55% overnight stock jump and raised price targets indicate a potential buy-the-dip opportunity on any pullbacks, especially as AI adoption accelerates. - **UniFirst ($UNF) / Cintas ($CTAS)**: UniFirst’s 5.66% gain following the $5.5 billion acquisition by Cintas highlights value creation through consolidation. Investors might consider exposure to this sector via Cintas, despite a modest 3.14% pullback, as integration and synergy realization unfold.