NVIDIA (NASDAQ:NVDA)

NVIDIA is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET.

The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth.

The company’s guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40 billion. Investors are bullish going into the company’s earnings release with 70.8% expecting a beat. Short interest has increased by 4.1% since the company’s last earnings release while the stock has drifted higher by 45.7% from its open following the earnings release to be 53.2% above its 200 day moving average of $474.09.

Overall earnings estimates have been revised higher since the company’s last earnings release. Option Traders are pricing in a 11.3% move on earnings and the stock has averaged a 7.7% move in recent quarters. On Friday, February 16, 2024 there was some notable buying of 13,637 contracts of the $800.00 call expiring on Friday, February 23, 2024.

Walmart (NYSE:WMT)

Walmart is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 7:00 AM ET. The consensus earnings estimate is $1.65 per share on revenue of $170.21 billion, representing 3.8% year-over-year revenue growth.

Investors are bullish going into the company’s earnings release with 69.8% expecting a beat. Short interest has decreased by 21.1% since the company’s last earnings release while the stock has drifted higher by 7.3% from its open following the earnings release to be 7.6% above its 200 day moving average of $158.34.

Overall earnings estimates have been revised lower since the company’s last earnings release. Option Traders are pricing in a 4.4% move on earnings and the stock has averaged a 4.0% move in recent quarters. On Wednesday, February 14, 2024 there was some notable buying of 5,355 contracts of the $160.00 put expiring on Friday, February 23, 2024.

Home Depot (NYSE:HD)

Home Depot is confirmed to report earnings on Tuesday, February 20, 2024 at approximately 6:00 AM ET. The consensus earnings estimate is $2.77 per share on revenue of $34.63 billion, a decline of 3.4% year-over-year.

Investors are bullish going into the company’s earnings release with 69.0% expecting a beat. Short interest has increased by 30.7% since the company’s last earnings release while the stock has drifted higher by 20.4% from its open following the earnings release to be 14.5% above its 200 day moving average of $316.51.

Overall earnings estimates have been revised lower since the company’s last earnings release. Option Traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.5% move in recent quarters. On Thursday, February 08, 2024 there was some notable buying of 5,037 contracts of the $330.00 put expiring on Friday, April 19, 2024.

Other companies are expected to beat estimates this week: Etsy, Carvana, Verity Holdings, Rivian, Palo Alto Networks and Block.

Transocean is Expected to Miss Estimates.