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June 2, 2022 Pre-Market Earnings Report: HRL, TTC, CIEN, SPTN, DBI, LE, DLTH, SCWX


JThe following companies are expected to report their results before the market opens on 06/02/2022. See our results calendar for a full list of expected results releases.

Hormel Foods Corporation (HRL) reports for the quarter ending April 30, 2022. The meat company’s consensus earnings per share forecast from the 5 analysts who track the stock is $0.46. This value represents an increase of 9.52% compared to the same quarter last year. Over the past year, HRL has met analysts’ expectations once and exceeded them the other three quarters. Zacks Investment Research reports that the 2022 price-to-earnings ratio for HRL is 25.22 versus an industry ratio of 9.30, implying that they will have higher earnings growth than their competitors in the same industry.

Toro Company (TTC) reports for the quarter ending April 30, 2022. The tools company’s consensus earnings-per-share forecast from the top analyst tracking the stock is $1.29. This value represents a no change for the same quarter last year. Over the past year, TTC has exceeded expectations every quarter. The highest was in the 1st calendar quarter where they beat consensus by 1.54%. Zacks Investment Research reports that the 2022 price-to-earnings ratio for TTC is 20.42 versus an industry ratio of 15.50, implying that they will have higher earnings growth than their competitors in the same industry.

Ciena Corporation (CIEN) releases a report for the quarter ending April 30, 2022. The fiber optic company’s consensus earnings-per-share forecast from the 7 analysts who track the stock is $0.42. This value represents a decrease of 19.23% compared to the same quarter last year. The last two quarters, CIEN had negative earnings surprises; the last report they missed by -2.78%. Zacks Investment Research reports that the 2022 price-to-earnings ratio for CIEN is 20.41 versus an industry ratio of -10.60, implying that they will have higher earnings growth than their competitors in the same industry.

SpartanNash Company (SPTN) reports for the quarter ending March 31, 2022. The wholesale food company’s consensus earnings per share forecast from the 3 analysts who track the stock is $0.65. This value represents an increase of 16.07% compared to the same quarter last year. Over the past two quarters, SPTN has had negative earnings surprises; the last report they missed by -25%. Zacks Investment Research reports that the 2022 price-to-earnings ratio for SPTN is 16.39 versus an industry ratio of 14.70, implying that they will have higher earnings growth than their competitors in the same industry.

Designer Brands Inc. (DBI) releases a report for the quarter ending April 30, 2022. The retail (shoes) company’s consensus earnings per share forecast from the 4 analysts who track the stock is $0.23. This value represents an increase of 91.67% compared to the same quarter last year. Over the past year, DBI has exceeded expectations every quarter. The highest was in the 1st calendar quarter where they beat consensus by 7.14%. Zacks Investment Research reports that the 2023 price-to-earnings ratio for DBI is 8.39 versus an industry ratio of 11.70.

Lands’End, Inc. (LE) reports for the quarter ending April 30, 2022. The consensus earnings per share forecast from the 2 analysts who track the stock is -$0.09. LE reported earnings of $0.08 per share for the same quarter a year ago; representing a decline of -212.50%. The last two quarters, LE had negative earnings surprises; the last report they missed by -36.36%. Zacks Investment Research reports that the 2023 price-to-earnings ratio for LE is 12.34 versus an industry ratio of 12.40.

Duluth Holdings Inc. (DLTH) reports for the quarter ending April 30, 2022. The textile company’s consensus earnings per share forecast from the 2 analysts who track the stock is -$0.19. This value represents a decrease of 1,050.00% compared to the same quarter last year. Over the past year, DLTH has exceeded expectations every quarter. The highest was in the 1st calendar quarter where they beat consensus by 12.77%. The “days to cover” for this stock exceeds 11 days. Zacks Investment Research reports that the 2023 price-to-earnings ratio for DLTH is 12.47 versus an industry ratio of 13.60.

Secure Works Corp. (SCWX) reports for the quarter ending April 30, 2022. The information technology services company’s consensus earnings per share forecast from the top analyst tracking the stock is -$0.21. This value represents a decrease of 2,000.00% compared to the same quarter last year. Over the past year, SCWX has exceeded expectations every quarter. The highest was in the 1st calendar quarter where they beat the consensus of 76.47%. Zacks Investment Research reports that the 2023 P/E ratio for SCWX is -12.20 versus an industry ratio of 13.50.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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