Week Ahead: Earnings Expectations For WMT, COIN, TDOC, NVDA And More

As we reach the end of a tumultuous earnings season with roughly 81% of the S&P companies reporting earnings already, we come into the short week of February 20 with a number of highly anticipated earnings.

Walmart Inc. (NYSE: WMT)

Walmart, the online and brick and mortar provider of consumer goods is reporting their fourth quarter financial results on Tuesday, February 21st before the market opens.

• International Class Revenue: $27,504m
• Other Revenue: $1,433m
• Sam’s Club Revenue: $21,057m
• United States Revenue: $110,106m

• Total Revenue: $159,676.17m
• Net Income: $4,097.25m
• Earnings Per Share: $1.52
• EBITDA: $8,956.29m
• Operating Cash Flow: $14,393.18m
• Free Cash Flow: $7,890.00m
• Same Store Sales: 4.6%

Coinbase Global, Inc. (NASDAQ: COIN)

Coinbase, the crypto brokerage is reporting their fourth quarter financial results on Tuesday, February 21st after the market closes.

• Revenue: $583.56m
• Net Income: -$575.96m
• Earnings Per Share: -$2.54
• EBITDA: -$214.26m
• Operating Cash Flow: $44.50m
• Free Cash Flow: $29.41m

NVIDIA (NASDAQ: NVDA)

Nvidia, the consumer chip manufacturer is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

• Revenue: $6,001.54m
• Net Income: $2,010.14m
• Earnings Per Share: $0.80
• EBITDA: $2,564.04m
• Operating Cash Flow: $3,745.30m
• Free Cash Flow: $2,819.78m

Unity Software (NYSE: U)

Unity Software, the video game software development company is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

• Revenue: $437.24m
• Net Income: $7.84m
• Earnings Per Share: $0.02
• EBITDA: $27.63m
• Operating Cash Flow: $30.71m
• Free Cash Flow: $16.21m

Teladoc Health (NYSE: TDOC)

Teladoc, the virtual healthcare service provider is reporting their fourth quarter financial results on Wednesday, February 22nd after the market closes.

• Revenue: $635.87m
• Net Income: -$35.67m
• Earnings Per Share: -$0.22
• EBITDA: $92.15m
• Operating Cash Flow: -$3.56m
• Free Cash Flow: -$13.74m

Nikola Corp (NASDAQ: NKLA)

Nikola, the hydrogen-electric vehicle manufacturer is reporting their fourth quarter financial results on Thursday, February 23rd before the market opens.

• Revenue: $29.61m
• Net Income: -$191.31m
• Earnings Per Share: -$0.41
• EBITDA: -$196.03m
• Operating Cash Flow: -$155.71m
• Free Cash Flow: -$191.15m

Block Inc (NYSE: SQ)

Block, the financial technology company that owns Cash App and Square, is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

• Revenue: $4,539.15m
• Gross Payment Volume: $54,946m
• Net Income: $189.11m
• Earnings Per Share: $0.31
• EBITDA: $227.68m
• Operating Cash Flow: $137.82m
• Free Cash Flow: $176.48m

Carvana (NYSE: CVNA)

Carvana, the e-commerce car buying platform is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

• Revenue: $3,062.41m
• Net Income: -$373.34m
• Earnings Per Share: -$2.52
• EBITDA: -$209.06m
• Operating Cash Flow: -$71.44m
• Free Cash Flow: $46.12m

Beyond Meat (NASDAQ: BYND)

Beyond Meat, the fake meat manufacturer is reporting their fourth quarter financial results on Thursday, February 23rd after the market closes.

• Revenue: $76.27
• Net Income: -$75.37
• Earnings Per Share: -$1.18
• EBITDA: -$60.21
• Operating Cash Flow: -$47.16
• Free Cash Flow: -$72.00

Investors will be waiting to hear commentary from consumer staple companies such as Walmart (NYSE: WMT), The Home Depot (NYSE: HD), as well as Molson Coors (NYSE: TAP) and Caesars Entertainment (NASDAQ: CZR) to get a better pulse on the economy. Recent economic data coming out of the United States and Canada suggests that the consumer is much stronger than anticipated after one of the fastest and most aggressive rate hiking cycles implemented by central banks, and investors will want to verify that data with earnings data.

Investors will also be interested in hearing from smaller names such as Etsy, Fiverr, Wish, and Wayfair to provide better insight into how the small business is doing. Investors will also be watching Nvidia’s results as the chips sector has been one of the largest battlegrounds for longs and shorts arguing about the oversupply of chips. This comes after 2020, through 2021, wherein there were reports that the world as a whole did not have enough computer chips to match demand.

Information for this briefing was found via Edgar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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