Are you looking for feedback games? 5 EPS reports to watch this week

Although last week the earnings of mega-tech giants such as AppleAAPL, META metaplatforms, AND GOOGL alphabet, Wall Street continues to be in the thick of earnings season. Below, we’ll cover 5 key earnings reports to monitor this week:

Tuesday, February 7^vol After market close:

Enphasic Energy (ENPH) is a global photovoltaic technology company providing energy management technology to the photovoltaic industry. Over the last two quarters, Enphase has achieved solid triple-digit EPS growth of 108% and 102% with revenue growth of 81% and 68%. Despite its impressive fundamental backdrop, ENPH stock has underperformed its solar peers such as The first solar SLR camera.

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One potential reason for the decline in ENPH analyst estimates for 2023 in recent weeks.

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The stock also moved from a top-performing Zacks Rank of 1 to a mediocre Rank of 3. ENPH also has a negative Expected Surprise (ESP) number, which suggests the stock is likely to underperform on earnings. Investors should keep an eye on whether the company can defy analyst expectations and continue to deliver strong results.

Chipotle CMG Mexican Grill is an early entrant and leader in the fast food segment due to its popular Mexican food and burrito chain. The company gained popularity thanks to its cheap yet healthy food offering. Chipotle uses only hormone-free pork and natural chicken ingredients that are cooked using traditional methods. Although the company’s shares have had a difficult few years, increased inflation may work to the company’s advantage. While most well-known technology companies are laying off thousands of employees, CMG is bucking the trend. Recently, the burrito giant announced that it was looking for 15,000 new employees.

Wednesday, February 8^vol Before the market opens:

Uber Technologies UBER is the world’s largest ride-sharing company. Despite its massive market capitalization and name recognition, Uber has yet to turn an annual profit as a public company. Uber and its most important competitor Pick up a LYFT since their debut, they have underperformed the S&P 500, but in recent weeks they have been trying to recover. Each has reported earnings for six weeks in a row this week (LYFT is expected to report on Thursday after the close)

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Lyft will likely support Uber’s Wednesday report. Currently, however, the Lyft is a more solid stock than the stock lens. Lyft has a Strong Zacks Rank of 2 and a positive Expected Price Surprise (ESP).

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Wednesday, February 8^vol After market close:

Robinhood Markets HOOD is a registered broker-dealer and one of the most popular online brokers among online traders. Robinhood shares quickly doubled after debuting in September 2020. However, they have since fallen.

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The question investors want answered is: “Was Robinhood’s early success due to an unusual market environment, or can it be sustained?” When Robinhood debuted, the market was flooded with retail investors stuck at home during the pandemic. After the recent bear market on Wall Street, interest has clearly decreased. Now that stocks are recovering, Robinhood’s gains should be telling.

Another concern for investors is the investment of the now bankrupt crypto company FTX. Early last month, the Department of Justice (DOJ) seized more than 50 million shares of HOOD owned by FTX. The stock has been surprisingly resilient since the announcement, but investors should learn more on Wednesday’s earnings conference call.

Thursday, February 9^vol After market close:

Cloudflare Inc. NET is an enterprise software provider focused on firewall, routing and traffic optimization software. In the last cycle, the company’s shares were the undisputed market leader. The stock saw a meteoric rise from the mid-teens in 2019 to over $200 per share in late 2021 before peaking. In the last quarter, the company recorded an EPS increase of 500% with a 47% increase in revenues. Right off the bat, the 200-day moving average has been a good barometer from a technical perspective. The stock has been above this level throughout its multi-year run, and when the stock undercut its 200-day moving average in early 2022, it marked the beginning of the end. Now the stock is back in the 200-day range. Investors will be watching to see if the company’s stock can turn things around.

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Apple Inc. (AAPL): Free Stock Analysis Report

First Solar, Inc. (FSLR): Free Stock Analysis Report

Chipotle Mexican Grill, Inc. (CMG): Free stock analysis report

Alphabet Inc. (GOOGL): Free stock analysis report

Lyft, Inc. (LYFT): Free Stock Analysis Report

Uber Technologies, Inc. (UBER): Free Stock Analysis Report

Cloudflare, Inc. (NET): Free stock analysis report

Meta Platforms, Inc. (META): Free stock analysis report

Robinhood Markets, Inc. (HOOD): Free stock analysis report

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