Earnings Recap - March 12, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$EH** - EHang Holdings Ltd ADR reported Q4 EPS of $0.0102 versus an estimate of -$0.1026, a significant upside surprise of nearly 110%. Revenue came in at $35 million, beating estimates of $29 million. The stock rose modestly by 0.15% to $13.62, reflecting investor approval of the strong turnaround in profitability and revenue growth in the aerospace and defense sector. **$FUTU** - Futu Holdings Ltd ADR beat EPS estimates with 3.0567 reported versus 2.8683 expected, and revenue topped estimates at $823 million versus $799 million. This capital markets firm’s solid results and revenue growth led to a positive market reaction, with shares up 6.6% on the earnings beat. **$CINT** - CI&T Inc. reported Q1 sales guidance of $134.7 million versus $130.3 million consensus and FY2026 sales guidance of $548 million to $568 million, slightly above the $547.5 million estimate. This positive outlook helped shares gain 4.94% to $5.52, signaling confidence in the IT services provider’s growth trajectory. **$DSP** - Viant Technology Inc. (DSP) saw a strong Q4 earnings call with shares surging 10.57% to $11.61, reflecting investor enthusiasm for the company’s performance in the information technology sector. **$ALKT** - Alkami Technology reported notable buying interest totaling $50.56 million, with shares up 4.51% to $18.77, suggesting positive sentiment around the fintech company’s earnings and growth prospects. **$BETR** - Better Home & Finance Holding Co. saw a 4.50% share price increase to $39.94, likely driven by positive earnings or guidance, although specific EPS/revenue data was not provided. **$DMRC** - Digimarc Corporation reported Q4 earnings with shares jumping 13.64% to $6.00, indicating a strong earnings report or positive outlook in the tech sector. **$FOSL** - Fossil Group’s shares rose 9.93% to $4.43 after reporting FY2026 sales guidance of $943.76 million to $963.84 million, well above the $835.49 million consensus, signaling strong revenue momentum in specialty retail. **$ORCL** - Oracle’s shares surged 8.84% to $162.60 following strong earnings and a positive outlook, with the market reacting favorably to the tech giant’s performance and AI-driven growth initiatives. ### Misses & Negative Reactions **$LI** - Li Auto Inc ADR reported EPS of -$0.1736 versus an estimate of $0.0262, a significant miss of over 760%. Revenue was $4.233 billion, slightly below the $4.208 billion estimate. Shares declined on the disappointing earnings miss despite revenue coming in close to expectations. **$NTSK** - Netskope Inc. saw a sharp 18.48% drop to $9.79, likely due to a disappointing earnings report or guidance cut, though specific numbers were not provided. **$U** - Unity Software shares fell 4.02% to $19.84, possibly reflecting weaker-than-expected earnings or cautious outlook in the software sector. **$EL** - Estee Lauder shares declined 4.37% to $90.15, indicating margin pressure or revenue softness in the consumer discretionary sector. **$EMAT** - Evolution Metals & Technologies Corp. shares dropped 4.12% to $7.44, suggesting earnings or guidance disappointment. **$GIS** - General Mills shares fell 4.92% to $40.20, likely due to margin pressures or cautious guidance in the consumer staples sector. **$GLW** - Corning Incorporated shares declined 4.70% to $129.82 despite strong demand for GenAI-driven optical communications, possibly reflecting broader market or margin concerns. **$MRVL** - Marvell Technology shares dropped 4.32% to $89.27, potentially due to guidance concerns despite recent earnings. **$FISV** - Fiserv shares fell 2.41% to $58.02 as the new CEO reset growth expectations, signaling caution in the fintech space. **$C** - Citigroup shares declined 1.96% to $106.83, reflecting possible earnings or macroeconomic concerns in financials. **$BLK** - BlackRock shares dropped 3.44% to $934.12, despite debuting a staked ether ETF, possibly due to broader market weakness or private credit exposure concerns. ## Reporting Today Companies expected to report earnings today: - **$ACDC** (ProFrac Holding Corp) - Before market open - Watch for EPS around -0.433 with revenue near $436 million; focus on oil & gas equipment sector performance. - **$ALH** (Alliance Laundry Holdings Inc) - Before market open - EPS estimate 0.2262 and revenue $420 million; key for furnishings and appliances. - **$AMTX** (Aemetis Inc) - Before market open - EPS estimate -0.2424 and revenue $59 million; specialty chemicals segment. - **$BBW** (Build A Bear Workshop Inc) - Before market open - Reported EPS 1.26 beating estimate 1.226; revenue $155 million near estimates; watch retail specialty trends. - **$BKTI** (BK Technologies Corp) - Before market open - EPS estimate 0.7 and revenue $20 million; communication equipment focus. - **$BLDP** (Ballard Power Systems Inc) - Before market open - EPS estimate -0.0767 and revenue $34 million; clean energy sector. - **$CCLD** (CareCloud Inc) - Before market open - EPS estimate 0.04 and revenue $32 million; health information services. - **$CION** (CION Investment Corp) - Before market open - EPS estimate 0.34 and revenue $52 million; asset management. - **$CRMT** (Americas Car Mart, Inc) - Before market open - EPS estimate -0.2567 and revenue $329 million; auto dealership sector. - **$DG** (Dollar General Corp) - Before market open - EPS estimate 1.6585 and revenue $10.8 billion; discount retail sales trends critical. - **$DKS** (Dick's Sporting Goods, Inc) - Before market open - EPS estimate 3.0175 and revenue $6.07 billion; specialty retail. - **$DTIL** (Precision Biosciences Inc) - Before market open - EPS estimate -0.535 and revenue $9 million; biotech. - **$EHAB** (EHang Holdings Ltd ADR) - Before market open - Reported EPS 0.0102 beating estimate -0.1026; revenue $35 million; aerospace. - **$FUTU** (Futu Holdings Ltd ADR) - Before market open - Reported EPS 3.0567 beating estimate 2.8683; revenue $823 million; capital markets. - **$GAMB** (Gambling.com Group Ltd) - Before market open - EPS estimate 0.1824 and revenue $47 million; gambling sector. - **$GIII** (G-III Apparel Group Ltd) - Before market open - EPS estimate 0.5884 and revenue $792 million; apparel manufacturing. - **$GYRE** (Gyre Therapeutics Inc) - Before market open - Reported EPS -0.02 missing estimate 0.0567; revenue $37 million; biotech. - **$IPX** (IperionX Ltd ADR) - Before market open - Reported EPS 0.1 beating estimate -0.04; revenue $4 million; industrial metals. - **$LI** (Li Auto Inc ADR) - Before market open - Reported EPS -0.1736 missing estimate 0.0262; revenue $4.233 billion; auto manufacturing. - **$MUX** (McEwen Inc) - Before market open - Reported EPS 0.7 beating estimate 0.175; revenue $65 million; precious metals. - **$OLLI** (Ollies Bargain Outlet Holdings Inc) - Before market open - EPS estimate 1.391 and revenue $784 million; discount retail. - **$PHAR** (Pharming Group N.V. ADR) - Before market open - EPS estimate 0.015 and revenue $114 million; biotech. - **$REFI** (Chicago Atlantic Real Estate Finance Inc) - Before market open - EPS estimate 0.456 and revenue $14 million; mortgage REIT. Overall, the earnings calendar today is moderately busy with a mix of retail, biotech, industrial, and financial companies reporting before market open. Investors should focus on key retail names like Dollar General and Dick’s Sporting Goods for consumer spending signals, alongside biotech and industrial metals firms for sector-specific insights. ## Earnings Themes - Revenue trends show a mixed picture with several companies beating sales estimates (e.g., Fossil Group, Futu Holdings, CI&T) indicating pockets of strength in specialty retail, capital markets, and IT services. - Margin pressures persist in consumer staples and discretionary sectors as seen in General Mills and Estee Lauder’s share declines despite solid revenue, suggesting cost inflation and supply chain challenges remain a concern. - Guidance sentiment is cautious overall. For example, Fiserv’s new CEO reset growth expectations downward, and Dick’s Sporting Goods issued weak profit guidance linked to merger integration costs. However, some companies like Oracle and Alkami Technology are benefiting from AI-related growth tailwinds, supporting more optimistic outlooks. - The energy sector remains in focus amid geopolitical tensions driving oil prices above $100, benefiting names like Exxon Mobil, which saw a 2.94% share gain, and Devon Energy, up 4.60%, highlighting the ongoing impact of supply disruptions on energy earnings. ## Earnings Trade Ideas 1. **$ORCL (Oracle)**: Following a strong earnings beat and an 8.84% share price jump, Oracle’s AI-driven growth initiatives appear to be gaining traction. Investors looking for tech exposure with solid fundamentals and growth potential in AI should consider Oracle as a core holding. 2. **$DG (Dollar General)**: Despite a recent earnings beat, Dollar General’s stock is under pressure due to lowered annual sales guidance. This presents a potential short-term trading opportunity to capitalize on volatility in discount retail, especially given the company’s key role in consumer spending trends during economic uncertainty. In summary, the earnings landscape shows selective strength in technology and specialty retail, offset by caution in consumer staples and financials. Geopolitical risks continue to influence energy sector earnings, while AI remains a key growth driver for several tech companies.